WINFARM Société anonyme (ENXTPA:ALWF) signed an exclusive memorandum of understanding to acquire 70% of Kabelis Group on July 12, 2022. The transaction will be financed entirely in cash. The contract provides for an option to acquire the remaining 30% minority stake in Kabelis held by Yves Coeffec, Chief Executive Officer, who is committed to remaining in the new combine for two years. Kabelis Group generated revenue of €13.7 million in 2021, i.e. EBITDA of €0.8 million. The transaction is subject to completion of due diligence and lifting of the usual conditions precedent and will be effective in a few weeks.

WINFARM Société anonyme (ENXTPA:ALWF) completed the acquisition of 70% of Kabelis Group on August 2,2022.