Squeezely Technology B.V. singed binding agreement to acquire Datatrics B.V. from Growens S.p.A. (BIT:GROW) for ?1.66 million on October 9, 2023. The parties agreed on a total consideration of ?1.66 million (the ?Price?), based on a locked-box mechanism (i.e. without any adjustments other than potential price reductions for cash outs in favor of the seller), which will be paid in cash by the Purchaser as of the date in which the shareholding will be transferred. Revenues of the transferred assets amount to ?2.5 million in FY 2022, with respective EBITDA of -?1.6 million Euro in FY 2022. The transaction tentatively expected by the end of October 2023.The Transaction implies Growens waiving approximately ?7 million of intercompany loans versus Datatrics. Herbert Smith Freehills Studio Legale acted as legal counsel to Growens S.p.A. (BIT:GROW) in the transaction.

Squeezely Technology B.V. completed the acquisition of Datatrics B.V. from Growens S.p.A. (BIT:GROW) for ?1.6 million on October 23, 2023.