(Tiper Stock Exchange) – Digital360a company listed on Euronext Growth Milan which aims to accompany companies and public administrations in understanding and implementing the digital transformation, has acquired 100% of the shares of the company SmartOperationsspin-off of the University of Florence.
It is an advisory company which, using the Data Science as a Service (DSaaS), develops technical solutions, including algorithms and prototypes, to support customers on the path towards innovation, Industry 4.0 and digital transformation in general.
SmartOperations closed the financial statements as at 31 December 2021 with a production value of over 300 thousand euros (up by over 60% on 2020), a EBITDA positive for approximately 50 thousand euros and a credit net financial position (NFP) of approximately 175 thousand euros.
The acquisition of 100% of the shares of SmartOperations will take place at a price of 371 thousand euros, including the NFP, which will be paid at the closing as follows: for 35 thousand euros in Digital360 shares, valued at the price of 4.70 euros each; for the remaining portion in cash. To this may be added a component of earn out – equal to a maximum of 167 thousand euros – based on the achievement of certain economic results in the years 2023-2024.
(Photo: © Veerasak Piyawatanakul)