mVISE AG (XTRA:C1V) signed a contract to acquire elastic.io GmbH on May 8, 2017. The acquisition of 75.1% stake in elastic.io GmbH is carried out in exchange for cash payment and a contractual arrangement is made for the remaining 24.9% stake in elastic.io GmbH. The predominant part of the total purchase price is result dependent and considers the development of elastic.io GmbH of the financial years 2017 until 2019. To finance the transaction, mVISE AG will issue a convertible bond excluding subscription right with a total nominal value of €3 million with approval of the supervisory board. The two founders Renat Zubairov and Igor Drobiazko will remain in the top management in the future. On May 8, 2017, mVISE AG completed the acquisition of 75.1% stake in elastic.io GmbH. mVISE AG (XTRA:C1V) completed the acquisition of elastic.io GmbH in 2017.