OTI Greentech AG (DUSE:NSA) signed a share purchase agreement to acquire Uniservice Safety Srl from Niego family and others in stock on February 16, 2016. The purchase price will be paid entirely through issue of new shares at an agreed valuation on €1.50 per share. Matteo Niego, member of the founding family and current Chief Executive Officer of USUS, has committed to remain with the company until at least 2019 as a Director and Chief Technology Officer. The transaction is expected to close in April 2016. OTI Greentech AG (DUSE:NSA) completed the acquisition of Uniservice Safety Srl from Niego family and others for €1.23 million on October 31, 2016. The consideration includes issuance of 2.5 million shares. The transaction will be funded by capital increase of OTI Greentech.