CS Communication & Systemes SA (ENXTPA:SX) agreed to acquire He Space Holding B.V. from Scott Millican for enterprise value of Ç11.5 million on November 21, 2022. The transaction would be financed with the groupÆs available cash. The transaction remains subject to the usual consultations (Employee Representative Bodies and regulatory approval) and customary conditions precedent, particularly with regard to merger control and approval of foreign investment.

The transaction is expected to be completed in the first quarter of 2023.