Itway S.p.A. (BIT:ITW) signed a non binding term sheet to acquire Maticmind S.p.A. on June 8, 2017. MaticMind had revenue of €165.6 million, EBITDA of €11.8 million, net equity of €17.96 million in 2016. The merger project, the structure of which is currently in the process of being defined, is subordinated, among other things, on the positive reciprocal due diligence, to be carried out indicatively in the next forty-five days, on the approval of the relevant corporate bodies of the companies involved and the obtaining of the necessary authorizations from the relevant authorities. The transaction could be completed, indicatively, by the end of 2017.