izertis, S.A. (BME:IZER) acquired Duonet Ingenieria Y Comunicacion on January 25, 2022. The consideration was paid part in cash and part in Izertis stock by issuance of 86,457 shares which the shareholders can not sell before 3 years of holding period. For the year ended December 31, 2021, Duonet reported revenues of €2.17 million and normalized EBITDA of approximately €0.18 million.

izertis, S.A. (BME:IZER) completed the acquisition of Duonet Ingenieria Y Comunicacion on January 25, 2022.