SITI - B&T Group S.p.A. (BIT:SITI) signed a binding purchase contract to acquire 75% stake in Diatecx S.p.A. from Luciano Dalla Pozza and others for €7.5 million on June 27, 2019. Under the terms of the transaction, the total consideration of €7.5 million shall be paid at closing for the amount of €6 million and €1.5 million after 30 months from closing date. Diatex S.p.A. generated a turnover of €10.7 million, EBITDA of €1.9 million in the year ending December 31, 2018. The transaction is expected to close in December 2019. K Finance acted as financial advisor to SITI - B&T Group in the transaction. Andrea Bianchini, Andrea Montalboddi and Silverio Davoli of Clairfield International acted as financial advisor to SITI - B&T Group S.p.A.