ESI Group SA (ENXTPA:ESI) acquired 96% stake in ITI GmbH on January 5, 2016. The transaction has been entirely financed through bank debt within the framework of the syndicated bank facility of €49 million signed in November 2015. The entire workforce of ITI will become an integral part of ESI's global operations immediately. The transaction is directly accretive. Emmanuel Huynh and Louis-Victor Delouvrier of NewCap acted as public relations advisors to ESI.

ESI Group SA (ENXTPA:ESI) completed the acquisition of 96% stake in ITI GmbH for €18 million on January 5, 2016. As of January 5, 2016, ITI GmbH had net assets of €3.6 million.