AwoX S.A. (ENXTPA:AWOX) agreed to acquire Chacon S.A./N.V for €10 million on May 31, 2018. AwoX will pay €6.9 million in cash and issue €3.2 million in convertible bonds. The deal will be financed by a capital increase of €3.8 million with preferential subscription rights, a bank loan of €3 million and a €1 million loan of Innovation Aid with deferred repayment carried by Bpifrance. AwoX hopes to complete the share capital increase with the shareholders' DPS and the OCEANE issue during the third quarter of 2018, after convening its shareholders at a general meeting at the end of August 2018. On September 19, 2018, AwoX completed the capital increase with preferential subscription rights (DPS), launched on August 29, 2018, amounting to €4.2 million, which shall be mainly devoted to the financing of part of the acquisition. Chacon Group achieved a turnover of €20 million in 2017. The acquisition is expected to be finalized in the coming days.