TORtec Group Corporation agreed to acquire Si-Tech GmbH from Ecotor Technology S.A.R.L. for €0.7 million on May 20, 2019. In a related transaction, €0.8 million is to be transferred to Si-Tech as additional paid-up capital from both TORtec Group Corporation and IKR BABOLNA FZE as fifty-fifty (50/50) owners in Si-Tech. The acquisition is funded by the €1.5 million received from a stock purchase agreement between TORtec Group Corporation and IKR BABOLNA FZE.