audius AG acquired 22% stake in IT Competence Group SE (DB:3IT) from Navigator Equity Solutions SE (BST:NUQA) on May 20, 2020. audius AG now holds around 80% of the shares in IT Competence Group SE. The gross cash inflow for Navigator Equity Solutions SE from the sale of the stake in IT Competence Group SE is around €3.6 million. Post deal completion, Navigator Equity Solutions SE expects the sale to make a significant contribution to earnings.

audius AG completed the acquisition of 22% stake in IT Competence Group SE (DB:3IT) from Navigator Equity Solutions SE (BST:NUQA) on May 20, 2020.