Casta Diva Group S.p.A. (BIT:CDG) signed a letter of intent to acquire 70% of E-Motion Srl for ?0.83 million on December 4, 2023. The consideration will be paid by Casta Diva in two tranches (at the closing and after 18 months from the closing) without signing to new debt. In the year 2023, E-Motion reported ?3.1million in revenues and ?0.3 million EBITDA. On June 17, 2024, Casta Diva Group S.p.A. (BIT:CDG) signed a share purchase and sale agreement to acquire 70% of the share capital of E-MOTION Srl. . E-MOTION will also maintain its name, logo and autonomous corporate structure, under the direction and coordination of Casta Diva.

Casta Diva Group S.p.A. (BIT:CDG) completed the acquisition of 70% of E-Motion Srl on June 17, 2024