Obiz Concept SAS (ENXTPA:ALBIZ) has signed letter of intend to acquire ADELYA S.A.S on January 13, 2022.

Obiz Concept SAS (ENXTPA:ALBIZ) completed the acquisition of ADELYA S.A.S for an enterprise value of €3.1 million on April 29, 2022. An additional €0.3 million may be added to the consideration, depending on Adelya's future performance. The acquisition is entirely financed in cash, from Obiz's own funds as well as by bank loan. For the year ended 2021, Adelya reported revenues of €2.5 million and EBITDA of €0.3 million. Lamy Lexel Avocats Associés acted as legal advisor to Obiz Concept. Elena Mazille of BYCap Advisory SAS acted as financial advisor to Obiz Concept. François Mechin of Grant Thornton France acted as an accountant to Obiz Concept.