Unidata S.p.A. (BIT:UD) agreed to acquire TWT S.p.A. from Berenix S.R.L. and Voisoft S.R.L. on November 25, 2022. Unidata will acquire entire share capital of the TWT Group on the basis of an Enterprise Value of € 58 million. The acquisition will be financed through the use of the existing cash and cash equivalents of Unidata as well as, for the remainder, through the use of bank loans.

The consolidated revenues of the TWT Group as at December 31, 2021, amounted to approximately € 58.7 million with a net financial position of approximately € 13.9 million. The completion of the acquisition, expected by mid-February 2023, is subject to a number of ordinary suspensive conditions for this type of transaction including obtaining the necessary authorisations, business or economic and financial situation of the TWT Group. Intermonte SIM S.p.A. acted as financial advisor and Chiomenti Studio Legale acted as legal advisor to Unidata S.p.A. (BIT:UD).

Eurokleis S.R.L. acted as tax and business due diligence provider and EY S.p.A. provided financial due diligence to Unidata S.p.A. (BIT:UD). Unidata has also been supported by EnVent Capital Markets Ltd as Euronext Growth Advisor. Berenix S.R.L. and Voisoft S.R.L. have been assisted by Equita S.p.A. as financial advisor, by BonelliErede as legal and tax advisor, by Masotti Casella as legal advisor and by PwC for financial vendor due diligence.