Entersoft S.A. (ATSE:ENTER) acquired C.G. Soft L.T.D. for Ç3.5 million on January 31, 2023. During the financial year 2022, it generated revenues of approximately Ç1.6 million and EBITDA of Ç0.64 million. The company has no outstanding debt and at the time of acquisition it had more than Ç0.25 million in cash. In addition, Entersoft will pay an earnout bonus based on the achievement of revenue and profitability targets over the next two years. The acquisition will be financed from Entersoft's own funds. Following the acquisition, CGSoft's personnel will join the Entersoft group.
Entersoft S.A. (ATSE:ENTER) completed the acquisition of C.G. Soft L.T.D. on January 31, 2023.