Epsilon Net S.A. (ATSE:EPSIL) entered into an agreement to acquire 51% stake in DIGITAL4U SA for €0.5 million on April 12, 2022. DIGITAL4U's turnover for the financial year 2021 amounted to €1.36 million increased by 27% compared to 2020, while the estimated EBITDA amounted to €0.23 million, up 75% compared to 2020.The company on December 31, 2021, had zero bank lending while its cash reserves stood at €0.32 million. Christos Kostoulas, will continue to perform his duties as Managing Director, while maintaining 24.5% of DIGITAL4U (after the expected increase of the Share Capital will be formed at 20%).

Epsilon Net S.A. (ATSE:EPSIL) completed the acquisition of 51% stake in DIGITAL4U SA in April 2022.