HWG Group launched an offer to acquire a 31.363% stake in Sababa Security S.p.A. (BIT:SBB) for ?10 million on January 27, 2023. HWG will pay ?3.90 cash per share for 2,330,400 shares of Sababa. As of May 3, 2023, HWG have increased the offer per share price to ?4.28 cash per share. As of February 22, 2023, Consob suspends terms for review period for a proposed bid. As of March 3, 2023, Consob reopens terms for review period for a proposed bid. As of March 22, 2023, Itlay's Consob have given approval for the offer. The membership period began on April 3, 2023 and will end on May 12, 2023 , as extended. Giulio Greco and Giuliano Altieri of Oaklins acted as financial advisor to Sababa Security SpA.

HWG Group completed the acquisition of a 31.363% stake in Sababa Security S.p.A. (BIT:SBB) on May 12, 2023.