Oxatis SA (ENXTPA:ALOXA) agreed to acquire Channel Pilot Solutions GmbH from Lars Niemann, Ralf Priemer, Mirko Platz and TFO GmbH on October 24, 2018. The acquisition price was paid in both cash and 134,349 shares for the portion of debt acquired. The agreement also includes for additional payments payable 50% in cash and 50% in shares, provided that Channel Pilot Solutions validates its guidance for fiscal year 2018. Part of the consideration was deferred and part was in earn-out consideration over the next three years. Founders Ralf Priemer and Lars Niemann will continue to be Managing Directors of Channel Pilot Solutions and will also hold shares in Oxatis. In 2017, Channel generated sales of €2.5 million with a positive EBITDA of €0.23 million. The acquisition was approved by the Board of Directors of Oxatis. Klaus Wagner and Firat Köker of ACXIT Capital Partners acted financial advisor to Channel Pilot Solutions GmbH. Vincent Medail and Typhanie Le Gall of Lamy Lexel Avocats Associés acted as legal advisors, Hanno Hepke and Alexandru Refec of Grant Thornton acted as financial advisors for Oxatis in the transaction. Robert Lees, Alistair Armstrong-Brown and Tej Rathor of Strata Partners acted as exclusive corporate finance adviser and Warth & Klein Grant Thornton GmbH & Co. KG acted as accountant for Oxatis S.A. Laurent Mouflin of Pax Corporate Finance, Pax Corporate Finance of Pax Corporate Finance acted as financial advisors, Bjarne Petersen of Strata Technology Partners LLP and Eugen Mayer of Eugen Mayer acted as legal advisors for sellers in the transaction. Bjarne Petersen and Philippe Rollin of Schmidt-Jortzig acted as legal advisor to TFO GmbH. Thorsten Kuhn and Victoria Bergfort of Kuhn & Partner acted as legal advisor to TFO GmbH. Oxatis SA (ENXTPA:ALOXA) completed the acquisition of Channel Pilot Solutions GmbH from Lars Niemann, Ralf Priemer, Mirko Platz and TFO GmbH on October 26, 2018.