VINCI Energies Portugal, SGPS, S.A. entered a sales and purchase agreement to acquire Novabase Digital S.A. and Government, Transport and Energy Business from Novabase Consulting, S.A. and Novabase S.G.P.S., S.A. (DB:NVQ) for €36 million on November 4, 2019. Under the transaction, VINCI Energies will acquire the entire share capital of Novabase Digital S.A., as well as economic value and of employees assigned to the GTE Business who are in other companies of Novabase S.G.P.S., S.A. The agreed purchase price is €33 million, to be paid on the completion date and subject to any eventual adjustments as foreseen in the sales and purchase agreement. An additional potential earn-out of €3 million will be paid depending on the final performance of the “Application and Data Analytics” business for the Government, Transport and Energy (GTE Business) in the financial year of 2019. The GTE Business represents a turnover of €35 million in 2018. The purchase and sale is subject to the verification of several conditions precedent which are usual in similar transactions, including the non-opposition of the Portuguese Competition Authority (Autoridade da Concorrência) and will take place in the coming months. Ernst & Young LLP acted as due diligence provider to VINCI Energies Portugal, SGPS, S.A. VINCI Energies Portugal, SGPS, S.A. completed the acquisition of Novabase Digital S.A. and Government, Transport and Energy Business from Novabase Consulting, S.A. and Novabase S.G.P.S., S.A. (DB:NVQ) on January 9, 2020.