Quartix Technologies plc (AIM:QTX) acquired Konetik Deutschland GmbH for ?3.9 million on September 15, 2023. The consideration all payable in cash, comprises of an initial payment of ?2.5 million, payable immediately on completion and deferred consideration of up to ?1.4 million. The total amount of deferred consideration payable will be based on the number of EVolve subscriptions over the next 24 months with payments being made every 6 months. Matt Goode ,Seamus Fricker (Corporate Finance), Alice Lane and Sunila de Silva (Corporate Broking) of Cavendish Capital Markets Limited acted as financial adviser and broker to Quartix in this transaction.

Quartix Technologies plc (AIM:QTX) completed the acquisition of Konetik Deutschland GmbH on September 15, 2023.