Home Business Airtime, binding agreement for the acquisition of Engy Solutions

Airtime, binding agreement for the acquisition of Engy Solutions

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Airtime, binding agreement for the acquisition of Engy Solutions

Airtime Partecipazioni, a Roman fintech company listed on the Euronext Growth Paris list, strengthens itself in the market for communication services through text messages and messaging platforms (including Whatsapp and Telegram). A binding agreement was signed for the acquisition of Engy Solutions, a German start-up that works with some of the most important international players wholesale in the world of messaging. The company debuted on the stock market on 22 September on Euronext Growth and since 27 October the stock (which has also exceeded the value of 70 euros) is steadily above 60 euros, tenfolding the share price of 4.82 euros despite the correction phase of the price lists. triggered first by the fall of the Nasdaq and then by the Russian military aggression in Ukraine.

Engy Solutions in 2021 had a turnover of 6 million euros, with an Ebitda of 34 percent and an increase in revenues of 48 percent compared to 2020.Airtime will acquire 100 percent of the share package for 30 million euros. owns a multi-channel platform that will allow Airtime to integrate additional services for Mexedia, the new division of the company dedicated to the business services market. Mexedia, in fact, offers innovative technologies and consolidated tools enclosed in a single integrated technological ecosystem that allows you to manage all communication activities with the customer.

“The acquisition – comments the Coo of Airtime, Paolo Bona – is the first step of the Mexedia project, created to offer innovative technological solutions to companies. We are entering the heart of the growth plan that will see more than fifty million euros in the next two years The technological characteristics and the commercial profile of Engy make the acquisition perfectly compatible and complementary with the activities of Airtime ».

«The platform – declares the Cto of Airtime, Gianluca Granero – has been developed in the last three years by Engy in an organic and agile way, it collects all the long experience of the development team in the sector and is characterized by its scalability. The platform is built according to standards that allow easy evolution and maintenance, therefore it does not have what is technically called technological debt. and through APIs, which manage all phases of interaction with customers, through every channel and device, using automation, artificial intelligence and specialized personnel in contact centers ».

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