Kinexia SpA (BIT: KNX) entered into an agreement to acquire 71.43% stake in Innovatec SPA from Guerzoni, Petrazzi, Gestioni Arcotecnica Srl and other shareholders for €0.43 million on March 11, 2013. Kinexia SpA issued 0.33 million shares to 59.586% of Innovatec shareholders and paid €0.01 million in cash via cheque payment to 11.843% of Innovatec shareholders.

Kinexia SpA (BIT: KNX) completed the acquisition of 71.43% stake in Innovatec SPA from Guerzoni, Petrazzi, Gestioni Arcotecnica Srl and other shareholders on July 26, 2013.