Cellularline S.p.A. (BIT:CELL) acquired an additional 10% stake in Worldconnect AG from Samuel Gerber and CAE Invest AG for CHF1.496 million on May 31, 2024. The consideration for the transaction is calculated based on an EV/EBITDA multiple of 7 times FY 2023 EBITDA and will be paid partly in cash consideration of CHF 0.62 million will be paid by Cellularline S.p.A. and and partly through Cellularline treasury shares of 0.34 million common equity of Cellularline S.p.A. to be issued for common equity of Worldconnect AG.

Cellularline S.p.A. (BIT:CELL) completed the acquisition of an additional 10% stake in Worldconnect AG from Samuel Gerber and CAE Invest AG on May 31, 2024.