Servizi Italia S.p.A. (BIT:SRI) signed a pre-agreement to acquire Business Branch of Lavanderia Bolognini M. & S. Srl for €4 million on September 3, 2018. Pursuant to the terms, Servizi paid €0.1 million as refundable down payment upon signing of pre-agreement. The consideration is subject to adjustments. The participants will sign a purchase agreement after due diligence. The transaction will be financed through bank debt. Post-completion, the employees at business branch will be retained. Giulio Della Casa and Filippo Zucchinelli of PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisors for Servizi Italia. Servizi Italia S.p.A. (BIT:SRI) completed the acquisition of Business Branch of Lavanderia Bolognini M. & S. Srl on October 1, 2018.