PRESS RELEASE
\nEDILIZIACROBATICA S.p.A. ENTERS THE SPANISH MARKET WITH ACC\u00c9S VERTICAL<\/p>\n
Barcelona, 10 May 2021 – EdiliziAcrobatica (EDAC), a company specialised in construction using double safety ropes, including maintenance and renovation of buildings and other architectural structures, listed on the AIM Italia\/Alternative Capital Market stock exchange (ticker symbol EDAC) and on Euronext Growth (ticker symbol ALEAC), announces that late in the evening on Friday, 7 May it signed a preliminary contract for the acquisition of a business unit of the company Acc\u00e9s Vertical, a Spanish enterprise operating in the sector of construction on ropes, for a value equal to \u20ac450,000 with the recognition of an earn-out in 2022 and 2024 upon achievement of turnover and EBITDA margin targets. To complete the operation, which does not qualify as a significant transaction pursuant to art. 12 of the Issuers\u2019 Regulation, EDAC was assisted by EMINTAD ITALY as Financial Advisor and by Studio Legale LCA as Legal Advisor.<\/p>\n
The acquisition of the Acc\u00e9s Vertical business unit is part of EDAC\u2019s international expansion strategy, now acquiring a foothold in the Iberian territory as announced at the beginning of 2021, only two years after its entry into France where it is present with its subsidiary EdiliziAcrobatica France SaS. EdiliziAcrobatica SpA
\nEDAC\u2019s internationalisation is based on opportunities to \u201cbuy\u201d instead of \u201cmake\u201d so as to considerably reduce the time required to expand its highly scalable business model into new countries. In this sense, the integration between EDAC and Acc\u00e9s Vertical (https:\/\/accesvertical.es), as outlined above, represents an opportunity of particular value and has high development potential. Acc\u00e9s Vertical is a small company with a distinctive competitive positioning: in addition to a young, qualified management with proven professional skills, Acc\u00e9s Vertical has a particularly valuable customer portfolio. By way of example, Acc\u00e9s Vertical is the company authorised to carry out work on ropes for the maintenance of the iconic Sagrada Familia.[\/vc_column_text][vc_empty_space height=”22px”][vc_column_text]Download complete document: PRESS RELEASE_EDILIZIACROBATICA S.p.A. ENTERS THE SPANISH MARKET WITH ACC\u00c9S VERTICAL<\/a>[\/vc_column_text][vc_empty_space height=”22px”][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]Deborah Dirani
\nPress Office
\nufficiostampa@ediliziacrobatica.com
\nwww.ediliziacrobatica.com<\/p>\n
\nDirectorate General
\nViale Brigate Partigiane 18\/2A
\n16129 Genova (GE)
\nMob: +39 393 8911364[<\/p>\n