Planetel S.p.A. (BIT:PLN) acquired Trivenet S.R.L from Finvis S.R.L. for approximately ?0.75 million on June 30, 2023. The purchase price is subject to a mechanism for the upward or downward adjustment. As reported, an amount of ?0.4 million or approximately 53% of the purchase price has already been paid at the closing date, while the remaining approximately 47% is to be paid further to the underwriting by Finvis of a Planetel share issue assigned specifically to it, to be approved by the Board of Directors within 90 working days after the closing date, with partial exercise of the mandate assigned by the shareholders? meeting assigned on March 31, 2022. The acquisition is totally funded with Planetel?s own resources. Trivenet reported turnover of ?2.892 million, EBITDA of ?0.459 million, and net equity of ?0.763 million for the year ended December 31, 2022. LCA acted as legal advisor, and Studio Marangi acted as tax advisor to Planetel. La Compagnia Holding acted as financial advisor and and Studio Macchion Resoli acted as legal advisor to Finvis.

Planetel S.p.A. (BIT:PLN) completed the acquisition of Trivenet S.R.L from Finvis S.R.L. on June 30, 2023.