Relatech proceeded with the acquisition of the residual 40% of the share capital of Mediatech, a company specialized in solutions and services on Cloud and Cybersecurity technology that joined the Relatech Group on 3 June 2020.
The operation follows the purchase of 60% of the share capital already made in June 2020 and was concluded for a total consideration of 1.7 million euros, of which 0.37 million in cash and the remainder through the sale of a total of 330,000 Relatech treasury shares conventionally valued at an amount of 4 euros each.
In the context of the acquisition, the parties have also agreed that Relatech will pay the sellers an earn-out on the initial acquisition of 60% of the share capital of Mediatech for a total of approximately 0.29 million, conventionally determined at the end of any position relating thereto.