ALSO Holding AG (SWX:ALSN) acquired 51% stake in BeIP for approximately €3 million on January 6, 2017. BeIP had turnover of €30 million in 2016. ALSO Holding paid €1.531 million as cash consideration and Earn out payment of €1.459 million which is agreed to payable as of 2018. Erwan Le Guen, Chief Executive Officer of BeIP, will remain minority shareholder and continue to work for BeIP within the ALSO Group. Philipp Jacobi and Thomas Sievers of Corvel LLP acted as legal advisor to ALSO Holding AG. Mélissa Ferchaux and Aurélie Isselé of Lexcom-Société d'Avocats acted as legal advisor to ALSO Holding AG. Erwan Cossé of HBC Avocats acted as legal advisor to seller. ALSO Holding AG (SWX:ALSN) completed the acquisition of 51% stake in BeIP on January 6, 2017.