Tinexta Defence S.R.L. exercised its option to acquire 40.09% stake in Defence Tech Holding S.p.A. (BIT:DTH) from GE.DA S.R.L and Comunimpresa S.R.L. for ?24.9 million on June 21, 2024. A cash consideration of ?24.9 million valued at ?2.44 per share will be paid by Tinexta Defence S.R.L. Tinexta signed in April 2024 two banking facilities with a pool of banks to fully front any liquidity needs for M&A transactions and beyond. The transfer of the shares is subject to the Golden Power clearance.

Upon completion, Tinexta will launch a mandatory offer to acquire remaining shares.