Itesoft SA acquired the remaining 94.41% stake in W4, société anonyme for 9.9 million.
July 21, 2015 at 05:00 am
Itesoft SA (ENXTPA:ITE) acquired the remaining 94.41% stake in W4, société anonyme for 9.9 million in cash and stock on July 20, 2015. The consideration includes payment of 8 million in cash and issue of 0.44 million shares of Itesoft. The consideration net of cash as on June 30, 2015, is 7.4 million. W4 reported revenues of 4.8 million in 2014. Ernst & Young France acted as accountant for Itesoft SA.
Itesoft SA (ENXTPA:ITE) completed the acquisition of the remaining 94.41% stake in W4, société anonyme on July 20, 2015.