audius AG acquired 51% stake in IT Competence Group SE (DB:3IT) from Navigator Equity Solutions SE (BST:NUQA) on March 15, 2019. In addition, call and put options were agreed with audius over the remaining three years for the remaining shares of around 22%. The cash inflow for Navigator Equity Solutions SE from the sale of the shares will total between €8.1 million and €9.7 million, depending on the business development of the IT Competence Group SE. audius will initially continue to manage the IT Competence Group as a separate strategic business unit within its group. The proceeds from the sale of the shares in IT Competence Group SE comprise the immediate purchase price, a purchase price upon exercise of the options and a loan repayment.

audius AG completed the acquisition of 51% stake in IT Competence Group SE (DB:3IT) from Navigator Equity Solutions SE (BST:NUQA) on March 15, 2019.