SAES Getters S.p.A. (BIT:SG) agreed to proceed with the signature of a binding Share Purchase Agreement to acquire Fmb Feinwerk- Und MeßTechnik Gmbh from Uwe Schneck, Ingmar Lehmann, Jens Rekow and Mardi Beteiligungs GmbH & Co. KG for an enterprise value of ?8 million on April 10, 2024. The actual purchase price is subject to adjustments related to the value of the net financial position at the closing date. As of June 30, 2023, Fmb Feinwerk reported a revenue of ?13.4 million and net assets of ?7.5 million.

The transaction has already concluded the due diligence with a positive outcome, SAES expects the signing of the Share Purchase Agreement on April 18, 2024, following the final contractual adjustments. The closing of the transaction is scheduled for April 29, 2024. The board of directors of SAES Getters has approved the transaction.