Openjobmetis S.p.A. (BIT:OJM) signed a preliminary contract to acquire JOB Just On Business s.p.a. for ?29.7 million on December 19, 2023. The transaction is financed by making use of the bank credit lines already available. In 2022, Just On Business SpA recorded revenues of approximately ?97.1 million and EBITDA of approximately ?2.5 million.

The transaction is subject only to receipt of the authorisation from the National Competition Authority. The transaction is expected to take place by January 2024. Simmons & Simmons served as Legal Advisor for Openjobmetis SpA and Studio Pedersoli for sellers.

Openjobmetis SpA was assisted by Mediobanca SpA as financial advisor and Studio Tributario and Societario Deloitte Stp S.r.l. as Due Diligence Advisor.