Brief: Wiit Acquires 100% Of Mivitec GmbH

Wiit SpA

27/07/2021 15:01

July 27 (Reuters) - Wiit SpA  WIIT.MI :
    * THROUGH MYLOC, WIIT ACQUIRES 100% OF MIVITEC GMBH AND
CONTINUES
ITS CONSOLIDATION IN GERMANY  
    * THE INITIAL ACQUISITION PRICE WAS SET BY THE PARTIES AT
APPROX.
EURO 4.5 MILLION
    * CARRYING ANALYSIS AIMED AT DEFINING PLAN TO FINANCE ITS
GROWTH
STRATEGY THROUGH NEW SOURCES OF FUNDING
    * ACQUISITION COST SYNERGIES OF APPROX. EURO 1 MILLION IN
THE NEXT
24 MONTHS

Source text for Eikon:  ID:nBIAWxwGj 
Further company coverage:  WIIT.MI