Space Hellas S.A. (ATSE:SPACE) entered into an agreement to acquire 19% stake in Agricultural Applications P.C on May 26, 2020. Under the terms of transaction, Space Hellas acquire 19% of the existing shares of AgroApps, at the second stage it will have option to acquire an extra 16% of the existing shares of AgroApps and at the third stage Space Hellas will have the possibility to acquire an extra 10% of AgroApps through an increase in its share capital. Space Hellas will be entitled to nominate a member in its three-member board of directors. Upon fulfillment of second and third stages, the total investment amount of Space Hellas that is 45% stake in AgroApps will rise at €1.3 million. The strategic collaboration with Space Hellas and its long experience in a comprehensive range of implemented ICT solutions is expected to offer to AgroApps the possibility to make more dynamic steps and develop new services, aiming at contributing to the digital evolution of agriculture.