PRESS RELEASE

LINDBERGH S.P.A.: PRELIMINARY AGREEMENT FOR THE ACQUISITION OF EPS ENERGY.PRO.SYSTEM SRL OF LECCO (ITALY)

Pescarolo ed Uniti (CR), 27 June 2024 – Lindbergh S.p.A. (EGM:LDB), the Group operating in the MRO (Maintenance, Repair and Operations) sector, providing logistics services to technical assistance networks, and active also in the Waste management/circular economy and in the HVAC (Heating, Ventilation and Air Conditioning) sectors, today announced the finalisation, through its subsidiary SMIT Srl, an agreement for the acquisition of 100% of EPS Energy.Pro.System Srl (EPS), a historic company based in Lecco (Italy) and operating in the thermo-technical plant engineering industry, with particular reference to the sale, installation and maintenance of gas, heating and air-conditioning equipment, renewable energy plants and air treatment and ventilation systems.

After the acquisition of Vergottini Srl, another deal in the HVAC sector is concluded. Lindbergh thus confirms its strategic line to become the first Italian industrial reality able to provide technical assistance and installation services in the HVAC sector throughout the country.

Based in Lecco (Lombardy Region in Italy), EPS has been operating in the area for over 30 years. The company's excellent reputation has enabled it to consolidate its leadership and position itself as a point of reference for individuals and businesses.

As of 31 December 2023, EPS realised revenues of Euro 4.2 million with an EBITDA of over Euro 0.6 million (average EBITDA of the last three years of about Euro 500,000).

Michele Corradi, CEO of Lindbergh, states: "EPS is another historical reality that becomes part of the Group. We are very pleased to have finalised this transaction very quickly and to be able to start our integration process into the Group as early as August. The territorial proximity with Vergottini Srl will give us the opportunity to manage operations more efficiently and to harmonise commercial policies in the territory. I'd like to thank the founder of EPS and current managing partner for the trust he has shown us on all occasions and for the convinced sharing of our industrial project. We will leverage his experience and know-how to grow in the right way and to seize all the opportunities that the market will offer us".

Transaction Details

The Transaction, whose closing is expected by the end of July 2024, has a total value of € 2.4 million (including NFP cash positive of approximately € 400,000 thousand), which will be paid as follows:

€ 120,000 today as a cash deposit, € 780,000 at the closing (partly in cash and partly through the sale of 50,000 treasury shares of Lindbergh S.p.A. valued at the market value on the day prior to the closing), € 400,000 by 31 December 2024 and the remaining € 1,100,000 divided into 23 monthly instalments of € 45,000 (starting from January 2025) and a final instalment of € 65,000, all always paid in cash.

Please note that the Transaction is not to be considered relevant pursuant to Article 12 of the Euronext Growth Milan Issuers' Regulations.

Lindbergh S.p.A. the Group operative in Italy and France in the MRO (Maintenance Repair and Operations) sector offering services, products and logistics solutions for technical service networks. The Group also offers Circular Economy and Waste Management services and, from 2023, has entered the HVAC (Heating, Ventilation and Air Conditioning) sector. Headquartered in Pescarolo ed Uniti (CR), Lindbergh was founded in 2006 by Marco Pomè (Chairman) and Michele Corradi (CEO), both of whom come from long-standing backgrounds in the logistics and services sector. The Group today employs over 140 people.

CONTACTS

ISSUER

LINDBERGH SPA

Via Guarneri Zanetti 22, 26033 Pescarolo ed Uniti (CR)

Investor Relations: [email protected]

EURONEXT GROWTH ADVISOR E SPECIALIST

Integrae SIM S.p.A.

[email protected] | Tel. +39 02 39448386

PRESS OFFICE

Spriano Communication & Partners

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Cristina Tronconi, [email protected] | Mob. +39 346 0477901

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