Izertis, S.A. entered into a definitive agreement to acquire Data Adviser S.L. for €0.6 million.
July 30, 2021
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izertis, S.A. (BME:IZER) entered into a definitive agreement to acquire Data Adviser S.L. for €0.6 million on June 30, 2021. The transaction price consists of a fixed price of €0.3 million, and a variable with a maximum limit of €0.6 million. The payment has been structured through a combination of payment in shares and cash, the shares delivered as the purchase price will be subject to a lock-up commitment for a period of 36 months from the delivery of the shares. For the Year ended December 31, 2020, Data Adviser achieved revenues of €1.7 million, an EBITDA of €0.1 million, and Debt Net Financial of €0.35 million.
Izertis SA is a Spain-based technology digital transformation company. It operates thorough seven segments: Digital Transformation (DXI), Digital Experience (DEX), Smart Software Labs, Business Solutions, Business Operations, Cybersecurity, Technological Infrastructure and Managed Services and Business Consulting, Project & Service Management. DXI specializes in blockchain, artificial intelligence, data science, Internet of things (IoT), computer vision or mixed reality. DEX specializes in creativity, user experience design, marketing and online sales. Smart Software Labs offers customizable software. Business Solutions offers technical consulting services. Business Operations provides outsourcing services. Cybersecurity, Technological Infrastructure and Managed Services covers related consulting and support services. Business Consulting, Project & Service Management offers related consulting services.