Servinform S.A. entered into an agreement to acquire Graddo Grupo and BPO Solutions Spain and Diagonal Company Services & Solutions from Tessi SA (ENXTPA:TES) on October 13, 2020. The companies have an enterprise value of €17 million. Tessi will maintain its presence in Spain via Insynergy Consulting España, Todo En Cloud, its Consulting & Integration division with Gdoc España and the Spanish operations of ADM Value. The group reported turnover of €83.3 million and current operating income of €0.8 million for the year ended December 2019. The completion of this sale is subject to standard conditions precedent and is expected to take place by early 2021 at the latest. Servinform S.A. completed the acquisition of Graddo Grupo and BPO Solutions Spain and Diagonal Company Services & Solutions from Tessi SA (ENXTPA:TES) for €19 million on January 8, 2021. All the conditions precedent was fulfilled. Stanislas Grange of Eight Advisory acted as a financial advisor to Tessi.