Sciuker Frames S.p.A. (BIT:SCK) singed a binding agreement to acquire D & V S.R.L. from Michele Verzé and Denis Verzè for €28.2 million on June 1, 2023. Under the terms, Sciuker Frames will pay €16.7 million on completion, €1.5 after 1 year of completion and €1.5 million after two years of completion, and will issue 1,007,660 shares, which will be assigned as 687,660 shares on the execution date and 320,000 shares by the 5th (fifth) anniversary of the execution date. For the purposes of payment of the purchase price, Sciuker is expected to be supported by a pool of banks. In a related transaction, Sciuker signed binding deal to acquire Diquigiovanni Srl for €13.2 million on June 1, 2023. For the year ended December 31, 2023, D & V reported revenue of €27 million, with an EBITDA of approximately €6.6 million. The transaction is expected to complete in July.

Chiomenti Studio Legale acted as legal advisor, BDO Italia S.p.A. acted as due diligence provider, Oaklins Arietti S.R.L. acted as financial advisor and Banca Profilo acted as pairness opinion provider to Sciuker. Studio Pederzoli acted as legal advisor and Millelire Corporate Finance acted as financial advisor to D & V.