Axélero S.p.A.’s €6.7 million acquisition of atex Group Ltd.

Axélero S.p.A., Internet Company listed on the AIM Italia (Ticker: AXEL), has signed a binding agreement for the acquisition of atex.

The acquisition is strategic for axélero as it represents a major step towards growth and international expansion of the Group, with entry into new geographic areas and new business segments. The acquisition further strengthens axélero’s technological know-how.

The atex Group manages a portfolio of approximately 200 prestigious publishing groups in Europe (Italy, UK, Germany, Spain, Czech Republi and Nordics), Canada and the USA, the Middle East and Asia Pacific. The Group can count on strong technological skills, a cutting-edge platform and an R&D team with robust competencies. Together with axélero’s digital know-how, developments in Artificial Intelligence and commercial skills, the combined entity is poised to become a benchmark in Data, Content & Advertising Management.

The new entity will leverage on axélero’s innovation capabilities and atex’ vast expertise in publishing software to speed up the development of a “cloud journalism” platform which will revolutionise the publishing sector. At the same time, axélero will leverage atex’ technology assets to strengthen the enterprise-level solutions of its Executive Division. atex’s technologies and know-how will also be adapted to meet the specific requirements of small and medium enterprises, which are axélero’s core market.

Eunomia Law Firm advised Axelero with a team led by Roberto Nigro (picture) and Including Elisa Malanchini.

SCTS, with a team led by Antonio Zambon, provided assistance to the company in connection to the Tax aspects.

Bernoni Grant Thorton carried the Legal and Tax Due Diligence, both in Italy and abroad, and supported Eunomia and SCTS on specific Legal and Tax aspects on foreign jurisdictions involved in the deal.

 

Involved fees earner: Antonio Zambon – SCTS Studio Tributario e Societario; Roberto Nigro – Eunomia Studio Legale; Elisa Malanchini – Eunomia Studio Legale;

Law Firms: SCTS Studio Tributario e Societario; Eunomia Studio Legale;

Clients: axélero S.p.A.;

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