Felice Saladini, CEO of MeglioQuesto comments: “We are enthusiastic about the agreement reached with Eureweb, which has enabled MeglioQuesto to be the first Phygital Analytic operator in the sector, accompanying and anticipating the rapid transition underway in the world of customer experience, in the sense of a immediacy and interaction never experienced before. The industrial integration will allow the Group to benefit from important synergies of an operational, organizational, commercial and technical nature “.
The transaction will be carried out against a consideration for the purchase of 55% of the share capital of Eureweb equal to Euro 18.8 million, determined on the basis of the Adjusted EBITDA as at 31 December 2021 estimated at Euro 4.6 million and assuming a NFP equal to zero.
The price will be subject to adjustment on the basis of the final EBITDA data as at 31 December 2021, as resulting from the financial statements approved and reviewed by PWC and the NFP at the closing date.
The price, after deducting the amount of Euro 3.35 million to guarantee the price adjustment relating to the First Quota, will be paid at closing in the following ways:
Euro 12.0 million in cash through the use of MeglioQuesto’s own resources; Euro 3.4 million in kind through no. 714,000 MeglioQuesto treasury shares (already held as a result of the buy-back program launched in July 2021) valued for a consideration of € 4.8 per share.