Press releases

Purchase of treasury shares – March 2022

PRESS RELEASE | Published on 14 March 2022 at 16:44

Milan, 14 February 2022 - WIIT S.p.A. ("WIIT" or the "Company"; ISIN IT0005440893; WIIT.MI), one of the leading European players in the market of cloud computing services for enterprises, focused on the provision of continuous hybrid cloud and hosted private cloud services for critical applications, a company listed on the Euronext STAR Milan segment of the Euronext Milan market, organised and managed by Borsa Italiana S.p.A, announces that it has today signed an agreement (the "Contract") for the acquisition of 100% of the share capital of ERPTech S.p.A. ("ERPTech") from BT Italia S.p.A.
ERPTech is a leading company in IT outsourcing services of SAP systems, of which it holds 4 certifications, which, in 2021 recorded revenues of approximately 9 million euros and EBITDA of approximately 500 thousand euros.
With a price of 4 million euros and a potential increase in the price of a maximum of 2 million euros contingent on the achievement of certain commercial objectives, this acquisition represents a decisive step forward in the growth path of the WIIT Group in Italy, increasingly consolidating a leadership position in management and hosting services based on SAP technology.
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