Qwamplify (ENXTPA:ALQWA) agreed to acquire 70% stake in Nouvoduo from Cédric Lafitte and Olivier Bernard on July 28, 2022. The acquisition is paid in cash and partially financed by a bank loan, with future price supplements in shares, subject to performance conditions. Nouvoduo achieved nearly €2 million in turnover in 2021 for around €1 million in gross margin and €0.29 million in operating income. The agreement will also allow Qwamplify to hold 100% of the capital through additional acquisitions of 10% per year at the end of the 2023, 2024 and 2025 financial years.

Qwamplify (ENXTPA:ALQWA) completed the acquisition of 70% stake in Nouvoduo from Cédric Lafitte and Olivier Bernard on July 28, 2022.