SNP Schneider-Neureither & Partner SE completed the acquisition of 74.9% stake in EXA AG for 10.5 million.
SNP Schneider-Neureither & Partner SE (XTRA:SHF) signed an agreement to acquire 74.9% stake in EXA AG on February 25, 2021. The remaining 25.1% will remain owned by Divya Vir Rastogi, Chief Executive Officer and co-founder of EXA, including a Put-Option in 2024 and a Call-Option in 2025. The transaction was approved by the SNP Board on February 23, 2021. Divya Vir Rastogi will remain on board and join SNP Schneider-Neureither & Partner SE. IMAP acted as financial advisor to EXA AG.
SNP Schneider-Neureither & Partner SE (XTRA:SHF) completed the acquisition of 74.9% stake in EXA AG for 10.5 million on March 1, 2021. The financials of EXA AG for the year ending December 31, 2020, are revenues of 10 million and operating loss of 2.5 million.