TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire Soluzioni Prodotti Sistemi S.r.l for €6.4 million on October 3, 2022. The consideration of €6.4 million of which 75% that is €4.8 million in cash and remaining 25% that is €1.6 million paid in treasury shares of TXT shares. TXT's treasury shares transferred at a price corresponding to the average price of TXT's shares for the 30 business days prior to the date of the closing. The vendor shareholders of SPS, current key managers of the company, will continue to manage the company; the agreement for the acquisition of SPS shares provides for retention and earn-outs clauses for the vendor shareholders of SPS, which will expire upon the approval of their respective financial statements for the year ending 31 December 2024; the earn-outs under the agreement, if payable by TXT to the vendor shareholders of SPS, will be settled through cash and through the guaranteed revaluation of the TXT treasury shares transferred to the vendor shareholders as part of the Enterprise Value payment. CAGR 2018-2021 of 23%, and consolidated revenues of €9.5 million in 2021, with Adjusted EBITDA margin of 15%. The acquisition of SPS was unanimously approved by the Board of Directors of TXT.

TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Soluzioni Prodotti Sistemi S.r.l on October 3, 2022.