Tinexta S.p.A. (BIT:TNXT) signed binding agreement to acquire majority stake in Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others for ?47.8 million on October 12, 2020. As per the transaction, Tinexta S.p.A. will acquire majority stake of Projects & Solutions Division from Corvallis S.p.A. The closing of the transaction is expected in early 2021, with the exception of the acquisition of the majority of Swascan, which should be finalized in 2020. As of October 20, 2020, Tinexta completed the acquisition of 51% stake in Swascan for ?4.2 million. Out of ?4.2 million Tinexta paid ?2.1 million and remaining will be after the approval of Swascan's 2020 financial results. As of January 22, 2021, Tinexta completed the acquisition of 70% stake in Projects & Solutions Division from Corvallis S.p.A for ?25 million. The price for the 70% stake which is equal to ?25 million disbursed plus an earnout that will eventually be paid after the approval of 2020 financial statements if the conditions will be met.

Tinexta S.p.A. (BIT:TNXT) completed the acquisition of Yoroi S.r.l, Swascan S.r.l. and Projects & Solutions Division from Corvallis S.p.A. and others on April 11, 2024.