MotorK plc (ENXTAM:MTRK) entered into an agreement to acquire Gestionaleauto.Com Srl on May 15, 2023. Lorenzo Fratanton, Valentina Pomares, Anna Maria Stein and Sebastiano Sciliberto of Eversheds Sutherland assisted MotorK. Paolo Conci of SBA lawyers, Fabrizio Contin of CF Studio assisted GestionaleAuto.

MotorK plc (ENXTAM:MTRK) completed the acquisition of Gestionaleauto.Com Srl for ?6.4 million on June 16, 2023. Under the terms of agreement, the consideration paid for the acquisition of GestionaleAuto.com S.r.l. for ?3.2 million, deferred consideration to be paid for ?3.2 million and the consideration paid is along with net of the cash acquired. MotorK funded the transaction from available net Cash flow from investing activities.