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.