(Alliance News) - NVP Spa has announced that Thursday saw the closing of the acquisition of the company branch owned by Euroscena Srl for EUR80,000, which had already been anticipated last July 13.

The transaction took place through NVP's acquisition of the entire stake in Produzioni Italia Srl, a newco established by Euroscena into which the business unit was merged.

Included in the agreement is all the technological infrastructure and assets currently used by Euroscena for the purposes of the proper conduct of the business unit, the lease agreement entered into between Eumovil, a Mediapro group company, and Euroscena in relation to the equipment and technologies of the mobile control room, the labor contracts with 25 Euroscena employees and the lease agreement relating to a warehouse located in Tor Cervara.

The acquisition, the company specifies, is "considered strategic from three points of view, since a production structure is taken over with the entry of 25 employees who have great experience in television productions both sports and entertainment, the production capacity is increased with 4 OB trucks of which 1 in 4K, a contract worth about EUR2.5 million is acquired with a prestigious client that allows to strengthen the presence in the area of sports productions in particular in the Serie A soccer league."

NVP's stock is flat at EUR3.24 per share.

By Chiara Bruschi, Alliance News reporter

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