Energy S.p.A. (BIT:ENY) signed a preliminary agreement to acquire 90% stake in Enermore S.r.l. from Natural Resources Holding Ag on May 29, 2024. Following the closing, the governance of the company will retain its current name. The acquisition will take place in cash, based on an assessed Enterprise Value of ?2.2 million, net of the forecast Net Financial Position of approximately ?1.2 million at the closing date of the transaction.

Enermore S.r.l. in 2023 reported sales of ?3.8 million and EBITDA of ?0.5 million. The transaction is expected to close by the first half of June 2024.