Relatech signed binding agreement to acquire Gruppo Sigla Srl on May 12, 2021. The acquisition will occur in three tranches of 60%,20%,20%. The consideration for 60% tranche is €2.3 million and the remaining 20% tranches expected to close in 2023 and 2024.

As of June 29, 2021, Relatech acquired 60% stake in Gruppo Sigla. On June 29, 2021, Relatech announces the closing of the acquisition of 60% of the share capital of Gruppo SIGLA S.r.l. The operation provides for a consideration of approximately €2.3million and the payment to the closure of a component in cash of approximately €1.7million euros, subject to an earn-out based, among other things, on a formula that takes into account the Ebitda value of the company for the years 2020-2022 and through a sales component of a total of 147,970 Relatech shares .