Epsilon Net S.A. (ATSE:EPSIL) acquired 80% stake in OROSIMO SOFTWARE S.A. from Theodoros Argyriadis and Dimitrios Argyriadis for EUR 1.6 million on March 14, 2023. The total amount of the investment rose to EUR 1.36 million, while an earn out bonus of EUR 0.24 million is foreseen and will be paid to the old shareholders depending on the financial performance of the company in 2024 and 2025. The founders of the company Theodoros Argyriadis and Dimitrios Argyriadis, will retain the remaining 20% of the share capital and will continue to exercise in the same way as today, their administrative duties, contributing with their many years of experience to the new growth cycle of the company. For the year ended December 31, 2022, the company's turnover was amounted to EUR 1.4 million.

Epsilon Net S.A. (ATSE:EPSIL) completed the acquisition of 80% stake in OROSIMO SOFTWARE S.A. from Theodoros Argyriadis and Dimitrios Argyriadis on March 14, 2023.