UnifiedPost Group S.A. acquired crossinx GmbH for €160 million.
UnifiedPost Group S.A. (ENXTBR:UPG) acquired crossinx GmbH for €160 million on April 9, 2021. Under the terms the of consideration €100 million will be paid upfront and remaining €60 million as earnout for achieving organic results for the fiscal years 2021, 2022 and 2023. Consideration of €100 million of which 50% will be paid in cash and remaining 50% in stock. Maximum earnout amount of €60 million of which €40 million will be paid in stock and remaining €20 million will be paid in cash. Marcus Laube Chief Executive Officer of Crossinx will join Unifiedpost`s Executive Board.
UnifiedPost Group S.A. (ENXTBR:UPG) completed the acquisition of crossinx GmbH on April 9, 2021. Uwe Harr, Peter Klostermann, Henrik Sundheimer and Katrin Latsch of Ebner Stolz Gmbh & Co. Kg acted as financial and tax due diligence provider to UnifiedPost Group S.A.