SC, SGPS, SA (ENXTLS:SONC) entered into a sale and purchase agreement to acquire ADIRA - Metal Forming Solutions, S.A. for €9 million on June 9, 2017. Under the terms of the transaction, SC, SGPS agreed to pay a fixed amount of €9 million and agreed to a differed earn-out based on ADIRA’s four years EBITDA. As part of the transaction, SC, SGPS will acquire ADIRA and its subsidiary, Guimadira, Lda. As of December 31, 2016, ADIRA had net debt of €6.7 million. The transaction is subject to approval from the Portuguese Competition Authority (AdC) and certain other conditions. SC, SGPS, SA (ENXTLS:SONC) completed the acquisition of ADIRA - Metal Forming Solutions, S.A. on July 25, 2017. Portuguese Competition Authority approved the deal.