Kalray S.A. (ENXTPA:ALKAL) announced that it has entered into exclusive negotiations for the acquisition of 100% of the shares of Arcapix Holdings Limited. Eric Baissus, President and Chief Executive Officer of Kalray said: "I am delighted at the prospect of this acquisition that will accelerate our go-to-market and strengthen our key position in the data-intensive storage market. It is perfectly aligned with Kalray's development strategy and ambition, complimenting our products, team, expertise and markets.

With this acquisition, we would gain new clients and strategic partners to propel our business forward. We have been impressed by the two founders, Ben, Barry and their team and by what they have managed to achieve in the last few years. I am looking forward to working closely with them to achieve our ambition to become a leading provider of solutions for a more intelligent, effective and user-friendly data-driven world".

Ben Leaver, Arcapix' co-founder and Chief Executive Officer said: "We are excited at the prospect of joining the Kalray family. We have come to trust and respect its leadership, and we have high hopes about its ambitious vision and breakthrough technology. We believe that together we can build and deliver superior products with compelling value to our customers.

As data increasingly shapes the modern business, managing it becomes ever more critical and faces growing demands for performance, scalability, and flexibility. We have a proven track record in meeting such demands. Together with Kalray, we will be able to move to the next level, both technologically and commercially".

Kalray contemplates to acquire 100% of the capital of Arcapix Holdings Ltd. shares for a maximum amount of 464 770 Kalray's shares[5] and €0.9 million paid in cash subject to closing adjustments . By way of illustration, a shareholder holding 1.00% of Kalray's current share capital before the completion of the contemplated acquisition would hold a participation of 0.93% if all the above mentioned Kalray shares were eventually issued to the sellers. The signing of the definitive documentation, which would be announced by a press release, is expected to take place in the first quarter of 2022, after consultation with Kalray's works council (comité social et économique) and subject to the final agreement of the parties on the terms of the transaction.

Financial audit has already been carried out and legal audit is ongoing. The completion of the transaction would be subject to customary conditions and the approval of the shareholders' general meeting of Kalray. Kalray will keep the market updated of the next steps.