MobileSoft

Mar 22, 2023

03/22/2023 | 04:44am EDT Message : *Required fields (Alliance News) - Digitouch Spa on Tuesday finalized the acquisition of a 60 percent stake in MobileSoft, a leading Mobile & Fintech IT solutions design and implementation company that has been active in the Italian market since 2004 and has an important portfolio of clients operating in Finance, Automotive, Utilities and Public Administration. "MobileSoft, active in Mobile and Fintech Services, has a high specialization in the areas of Sales Mobile apps and Online Payment Services Integrations. Specialization and depth of expertise are the two cornerstones of MobileSoft's differentiation strategy, which aims to provide customers with a specialized offering of turn-key services and solutions to support digital sales," reads the company note. The deal involves the purchase of 60 percent of the company's share capital for an equity value of EUR3.6 million - with a Net Financial Position neutral - including in cash for a total of EUR3.2 million and in shares for the remaining EUR400,000. The remaining 40% will be purchased in two tranches by 2025 and 2027 respectively, the valuation of which is based on a multiplier of five times adjusted Ebitda with contractually stipulated caps. Digitouch's stock is unchanged at EUR2.71 per share. By Maurizio Carta, Alliance News reporter