Paragon ID SA (ENXTPA:PID) agreed to acquire 93% stake in Security Label Gmbh Druckerzeugnisse on June 21, 2021. The acquisition will be financed entirely in cash from the company's own funds and from the credit lines already available to Paragon ID. The balance 7% stake is held by Security Label Chief Executive Officer Montassar Ben Hmida, who will lead the integration of the company into Paragon ID, will be acquired by Paragon ID at a price determined by Security Label's performance over the coming years. The transaction is expected to close on July 1, 2021. Paragon ID SA (ENXTPA:PID) completed the ac93% stake in Security Label Gmbh Druckerzeugnisse on July 1, 2021.