SAES Getters S.p.A. (BIT:SG) signed a non-binding Indication of Interest to acquire HeatWave Labs, Inc from Kim Gunther on April 12, 2024. The purchase price will be paid in cash at closing, using own funds. As on December 31, 2023 HeatWave Labs reported revenue of approximately $3.15 million.

The closing of the transaction is expected by the end of the summer, subject to the successful completion of the due diligence, the obtaining of the necessary authorizations from the competent corporate bodies and the finalization of all related contractual agreements, including a collaboration agreement with the founder Kim Gunther, to provide continuity to the business.