TXT e-solutions S.p.A. (BIT:TXT) exercised an option to acquire an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024. As a result of which TXT holds a majority stake in ProSim-TS amounting to 60% of its capital. TXT will consolidate the results of ProSim-TS starting from July 1, 2024. Following the option exercised by TXT today, the investment agreement includes further Put/Call options expiring upon approval of the financial statements closing on December 31, 2025, under which TXT will acquire the remaining 40% of ProSim-TS, with additional earn-outs for the selling shareholders.

TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024.