Smartphoto Group NV (ENXTBR:SMAR) acquired Webprint.nl from Infestos Nederland BV for €5.3 million in cash and stock on April 29, 2016. Smartphoto will pay €1.7 million in cash and give 4 million shares as consideration. Webprint had a turnover of approximately €12 million in 2015. Both the management and all Webprint employees will be part of the Smartphoto group and continue to operate under the Webprint brand. Jan Louis Burggraaf, Gijs, Linse, Heleen van de Weijer of Allen & Overy acted as legal advisors for Infestos.

Smartphoto Group NV (ENXTBR:SMAR) completed the acquisition of Webprint.nl from Infestos Nederland BV on April 29, 2016.