Relatech: binding agreement for the acquisition of 100% of Fair Winds Digital to expand in the field of IoT edge computing

Relatech has signed a contract for the acquisition of 100% of the share capital of Fair Winds Digital. The group thus expands its presence on the national territory with the offices of Fair Winds Digital in Rome, a reference hub for new investments in the field of IoT edge computing and for the development of the public administration market and research and development calls for tenders.
The acquisition is part of Relatech’s path of growth and development by external lines, the 3M strategy, Merge, Management, Margin and represents the seventh M&A operation (starting from the IPO in June 2019).
The transaction involves the acquisition of 100% of the share capital of Fair Winds from the current shareholders for a consideration of 310 thousand euros to be paid entirely in cash, without prejudice to the application of specific price adjustment mechanisms.