Relatech: the growth strategy continues with the M&A of 53.50% of Xonne Srl, Leading innovative SME for augmented and virtual reality solutions
27 July 2020
Relatech S.p.A., Digital Enabler Solution Knowledge (D.E.S.K.) Company, qualified as innovative SME and listed on the AIM Italia market (Ticker: RLT) since June 2019, announces that, on July 20, 2020, has signed the closing of the acquisition of 53.50% of the share capital of Xonne S.r.l., an innovative SME specialized in virtual, augmented and mixed (or digital) reality solutions. In details, payment of 26.50% in Relatech Shares, evaluated at Euro 7.85 each, on share price on July 17th 2020, and 27% by share capital increase through cash payment from Relatech.