Singular People, S.A. (BME:SNG) acquired Tecnofor Iberica, S.L. from Tecnofor Global Sl and others for ?5.4 million on April 24, 2024. Under the terms of agreement, Singular People is paying a cash payment of 2.5 Million Euros and the delivery of 541,371 shares of Singular People S.A. In addition, approximately 30% of the acquisition price will be conditional on the achievement of future EBITDA generated by the companies. The acquired companies had an aggregate turnover in the financial year 2023 of ?11 million with an ebitda of ?0.9 million and a workforce of 80 people.

Singular People, S.A. (BME:SNG) completed the acquisition of Tecnofor Iberica, S.L. from Tecnofor Global Sl and others on April 24, 2024.