Kinexia SpA (BIT:KNX) signed an agreement to acquire 84.44% stake in Sun System SpA from HQ Industrial Assets Srl, Elena di Boschetti Dottor Giancarlo e C. SAS, Dynameos SA and Focus S.A.S Di Annoni Paolo E C., Paolo Giuseppe Annoni and Massimiliano Luca Campaiola for €2.7 million in stock on July 30, 2013. The consideration is payable in stock by issuance of 2.2 million Kinexia shares such that Sunsystem shareholders get a reserved capital hike equal to 7.6% of the capital of Kinexia. The remaining 15.6% stake in Sunsystem is held by Sopaf SpA (BIT:SPF).

Kinexia SpA (BIT:KNX) completed the acquisition of 84.44% stake in Sun System SpA from HQ Industrial Assets Srl, Elena di Boschetti Dottor Giancarlo e C. SAS, Dynameos SA and Focus S.A.S Di Annoni Paolo E C. Paolo Giuseppe Annoni and Massimiliano Luca Campaiola on November 25, 2013.