Wiit S.p.A. (BIT:WIIT) and WIIT S.p.A. signed an agreement to acquire Econis AG for CHF 0.77 million on March 26, 2024. Econis reported the following figures in 2023: Total turnover of CHF 29.6 million, EBITDA CHF 2 million; Net Cash amounting to approximately CHF 0.75 million. The agreement provides for the release by the sellers of representations and warranties, usual in this kind of transaction, which will be covered by an insurance policy.

The closing of the transaction is subject to the fulfilment of certain conditions precedent. Sène & Cie assisted WIIT throughout the entire process, from the identification and evaluation of the target to the day-to-day management of the acquisition process. Pedersoli e Associati and Kellerhals Carrard Lugano SA acted as legal advisors; PricewaterhouseCoopers Advisory SpA acted as tax due diligence and accounting advisor to Wiit S.p.A. (BIT:WIIT).