Bertolotti — M&A Activity 2016

Jul 11, 2016

Informazione Regolamentata n. 0469-19-2016		Data/Ora Ricezione 11 Luglio 2016 07:44:29	MTA - Star
Societa'	:	BE
Identificativo Informazione Regolamentata	:	76836
Nome utilizzatore	:	SERVICEN01 - Mascarini
Tipologia	:	IROS 01
Data/Ora Ricezione	:	11 Luglio 2016 07:44:29
Data/Ora Inizio Diffusione presunta	:	11 Luglio 2016 08:30:18
Oggetto	:	PR 11072016 Be acquires 51% of IQUII consolidating its leading role in the digital revolution
Testo del comunicato

Vedi allegato.

Be acquires 51% of IQUII, digital company specialized in Mobile and IOT technologies, consolidating its leading role in the digital revolution

Rome, 11 July 2016

IQUII, "Digital Company" created by Fabio and Mirko Lalli in 2011, became part of the Be Group Think, Solve, Execute S.p.A. ("Be" in short), which acquired its 51%. IQUII is specialized in development of web and mobile applications, design of "wearable solutions" and in management of Internet of Things. IQUII also has significant knowledges in Social Media management, Integrated Marketing and Digital PR.

They count on a customer base made of important brands such as Original Marines, BNL BNP Paribas, Newfoundland, Doctors Without Borders, as well as sports federations such as Italian Rugby Federation and the Italian Tennis Federation.

During 2015 the company recorded a turnover of € 586,986 and an adjusted EBITDA margin of 19.1%, net of the investments made in the year. In the current year we expect to reach a production value of € 1,100,000. The price for the acquisition for 51% of the shares was defined as equal to € 400,000.

This acquisition will enable Be to convey on a specialized player all the development activities in the digital environment (web and mobile) requesteds by the customers. Fabio and Mirko Lalli will continue to maintain the operational governance of the company. The parties have also established two consequent put/call options to acquire a further 29% by 2021 and to achieve, in 2025, 100% of the capital with the acquisition of the remaining share capital.

"It is an important step for us and we are convinced - said Fabio Lalli - that by joining Be, IQUII is entering in a second phase of growth, that will allow us to consolidate and further develop our current model. The complementary nature of our expertise with Be's and its development plan made us tuned on a shared vision of the market and values. Our team will grow in size and competence, focusing more and more on a digital consulting model, increasingly effective and innovative for our customers".

"IQUII is a very nice team - declares Stefano Achermann, CEO of Be – and we are very pleased that they have chosen to join us. We know they had several offers from our competitors and the fact that they chose Be is a sign that our reality is

perceived, in our industry, as an important reference point. We are more and more protagonists of the digital revolution: we work in eight different countries on frontier's engagements, and we are also learning to seize new opportunities directly by opening other industry segments. This operation, and other interesting ones, suggested us to postpone to September 15 this year the presentation of the new multi-annual Business Plan.

This press release is available on the Company's website www.be-tse.it.

Contacts

IR TOP Investor Relations & Financial Communications Floriana Vitale – Domenico Gentile Tel. +39 02.47.38.84/3 ir@irtop.com

Be S.p.A. Investor Relations Patrizio Sforza Tel. +39 06 54.24.86.24 IR.be@be-tse.it

The Be Group is listed in the STAR segment of Borsa Italiana and is one of the leading Italian players in the IT Consulting sector. The company provides Business Consulting, Information Technology and Process & Document Management services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to work with leading financial and insurance institutions and Italian industry to create value and boost business growth. With around 1,100 employees and branches in Italy, United Kingdom, Germany, Austria, Switzerland, Romania, Poland and the Ukraine, in 2015, the Group recorded a value of production of Euro 115.4 million.