(Alliance News) - Digital Value Spa announced that it has signed a contract to take over Infordata Spa.

The latter, together with its subsidiaries, including Eurolink Srl and Technis Blu Spa, represents a major national group active in the design and development of programs for the automation of business procedures, the provision of support services, consulting and training for limplementation of information systems, whose acquisition represents a strategic add-on for Digital Value.

The agreed consideration for the acquisition of 100 percent of Infordata's share capital is EUR22 million, to be paid in three tranches: EUR10.0 million at closing, EUR6.0 million by the 12th month after closing and EUR6.0 million by January 31, 2027.

It is also planned that, on the date of the closing, the seller, In Holding SpA, will subscribe for newly issued Digital Value ordinary shares for a total value of EUR6.6 million.

"Thanks to this integration Digital Value intends to increase its role as a partner in the service offering, accrediting itself with the main national operators as a reference for the end-to-end technology offering. With the Infordata group, in fact, Digital Value strengthens its competencies in application solutions and related services, and consolidates its infrastructure oversight by taking advantage of new resources and even stronger synergies with lecosistema of multinational vendors," the company explained.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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