Prodware (ENXTPA:ALPRO) entered into a binding term sheet to acquire Qurius UK Ltd and Qurius Deutschland AG from Qurius N.V. (ENXTAM:QRIUS) for €6 million on July 31, 2012. The consideration consists of €2.5 million in cash and €3.5 million in Prodware stock. In a related transaction, Prodware (ENXTPA:ALPRO) entered into a binding term sheet to acquire Qurius Czech Republic, Qurius Netherlands and the QIPtree operations from Qurius N.V. (ENXTAM:QRIUS) for €12.5 million on July 31, 2012. Qurius UK Ltd and Qurius Deutschland AG reported total revenues of €7 million and annual sales of €26 million. Prodware will acquire the Qurius operations as they are, including all employees and customer contracts.

The transaction is still subject to a number of conditions, including finalisation of due diligence by Prodware, conclusion of final transaction documentation and the approval by Qurius debt providers and competition clearance, to the extent required. Nico Dijkstra, Khalid Bakkali, Bart de Vries, Leonie Baneke, and Ivo Groen of NIBC Bank N.V. acted as financial advisor for Qurius N.V. Marie-Anne Garigue and Grégory Boson of CALYPTUS acted as PR advisor in the deal. Patrick Abensour, Olivier Duval of Bellot Mullenbach & Associés acted as financial advisors, Philip Van Verschuer, Marc Krestin of Loyens & Loeff acted as legal advisors for Prodware. Duff & Phelps acted as financial advisor, Stibbe acted as legal advisor for Qurius N.V.

Prodware (ENXTPA:ALPRO) completed the acquisition of Qurius UK Ltd and Qurius Deutschland AG from Qurius N.V. (ENXTAM:QRIUS) on December 31, 2012.