Tinexta — M&A Activity 2021

Jan 26, 2021

Informazione Regolamentata n. 20053-8-2021		Data/Ora Ricezione 26 Gennaio 2021 17:29:47	MTA - Star
Societa'	:	TINEXTA S.p.A.
Identificativo Informazione Regolamentata	:	141770
Nome utilizzatore	:	TINEXTANSS01 - POZZI
Tipologia	:	3.1
Data/Ora Ricezione	:	26 Gennaio 2021 17:29:47
Data/Ora Inizio Diffusione presunta	:	26 Gennaio 2021 17:29:48
Oggetto	:	Tinexta: closing of the acquisition Yoroi, a leading group specialized in cybersecurity
Testo del comunicato

Vedi allegato.

COMUNICATO STAMPA

Tinexta: closing of the acquisition Yoroi, a leading group specialized in cybersecurity

Rome, 26 January 2021 – Following the press release of 12 October 2020, Tinexta Group announces that today it has completed the acquisition of 60% of Yoroi's share capital, one of the leading players in the cybersecurity industry with its brands; Cybaze, Emaze e @Mediaservice.net.

The acquisition is part of the project aimed at the creation by Tinexta of a new Italian center of digital security services, which supports the other businesses of the Group, in particular that of digital identity.

The price for the 60% of share is equal to € 19,1 million, plus an earnout that will eventually be paid after the approval of the company's 2020 financial statements if the conditions will be met. According to the agreements, the option rights regarding the minority stakes of the share capital may be exercised in 2024.

As part of Tinexta's new Cybersecurity business unit ("BU"), in addition to the further development of Yoroi's R&D skills, the dedicated team will be responsible for providing cutting-edge answers to companies and organizations that need to contain and manage all cyber risks, in order to prevent or reduce the damage potentially resulting from a cyber-attack.

Following today's transaction, the results of the acquired company will be consolidated starting from January 1, 2021.

TINEXTA

Tinexta, listed on the STAR segment of the Milan Stock Exchange, reported the following consolidated results as of 31 December 2019: Revenues of € 258.7 million, EBITDA equal to € 71.3 million and Net Profit of € 28.8 million. Tinexta Group is one of the leading operators in Italy in the three business areas: Digital Trust, Credit Information & Management and Innovation & Marketing Services. The Digital Trust Business Unit provides, through the companies InfoCert, Visura, Sixtema and the Spanish company Camerfirma, products and solutions for digitization: ature, digital identity, customer onboarding, e-mail invoicing and certified e-mail (PEC) for large companies, banks, insurance and finance companies, SMEs, associations and professionals. In the Credit Information & Management Business Unit, Innolva and its subsidiaries offer services to support decision-making (Chamber of Commerce and real estate information. aggregated reports. synthetic ratings. decision models. credit assessment and credit recovery), while ReValuta offers real estate services (appraisals and valuations). In the Innovation & Marketing Services Business Unit, Warrant Hub is a leader in consulting in subsidized finance and industrial innovation and Co.Mark provides Temporary Export Management advice to SMEs to support them in commercial expansion. On 12 October 2020, it was announced the creation of a new Cybersecurity Business Unit. As of 31 December 2019, the Group's staff amounted to 1,293 employees.

Website: www.tinexta.com, Stock ticker: TNXT, ISIN Code IT0005037210

For further information:

Tinexta S.p.A.
Corporate & Financial	Media Advisor	Specialist
Communications; Investor Relations	Barabino & Partners S.p.A.	Intermonte SIM S.p.A.
Oddone Pozzi	Foro Buonaparte, 22 - 20121 Milano	Corso V. Emanuele II, 9 - 20122
investor@tinexta.com	Tel.: +39 02 7202 3535	Milano
Press Office	Stefania Bassi: +39 335 6282 667	Tel.: +39 02 771151
Carla Piro Mander	s.bassi@barabino.it
Tel. +39 06 42 01 26 31
carla.piro@tinexta.com