Feb 17 β€’ 05:58 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

QnR Group acquires 51% of MTIS S.A.

QnR Group has announced its acquisition of a majority stake in MTIS S.A. as part of its investment strategy in high-value technologies.

QnR Group has officially signed a definitive agreement to acquire 51% of the share capital of MTIS S.A., marking a significant move in its investment strategy focused on advanced technologies. This acquisition is in line with QnR’s ongoing development and expansion efforts both in Greece and internationally, reinforcing the group's commitment to investing in fields such as Artificial Intelligence, Cybersecurity, and Business Management software. Alongside this acquisition, QnR recently enjoyed a successful Share Capital Increase with an oversubscription of 118%, underscoring the strong financial health and investor confidence in the company.

The total cost of acquiring the 51% stake in MTIS S.A. amounts to €2,663,958. This will be paid in two installments, with the first installment of €1,331,979 due upon signing the agreement and the second installment scheduled for 2027, contingent upon the publication of the company’s financial results. This strategic financial arrangement not only highlights the QnR Group's careful planning but also reflects its goal of enhancing its investment portfolio in a promising market that thrives on cutting-edge technologies and solutions.

QnR Group's acquisition of MTIS S.A. is strategically significant as it positions the company to leverage MTIS's capabilities and expertise in the technology sector. This move is expected to enhance QnR’s operational effectiveness and broaden its market reach, offering substantial growth opportunities. By focusing on high-value technology investments, QnR is set to capitalize on the burgeoning demands for innovative technology solutions, solidifying its place as a leader in the industry and paving the way for future advancements and collaborations in the tech landscape.

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