Openjobmetis S.p.A. (BIT:OJM) signed a preliminary contract to acquire JOB Just On Business s.p.a. from Torrent S.P.A and 1845 SRL for ?29.7 million on December 19, 2023. The transaction is financed by making use of the bank credit lines already available. In 2022, Just On Business SpA recorded revenues of approximately ?97.1 million and EBITDA of approximately ?2.5 million. The transaction is subject only to receipt of the authorisation from the National Competition Authority. The transaction is expected to take place by January 2024. Andrea Accornero of Simmons & Simmons acted as Legal Advisor to Openjobmetis SpA. Andrea Faoro and Francesca Leverone of PedersoliGattai acted as legal advisor to Torrent S.P.A. Lambertini & Associati acted as legal advisor to 1845 SRL. Mediobanca SpA acted as financial advisor to Openjobmetis SpA. and Studio Tributario and Societario Deloitte Stp S.r.l. acted as Due Diligence Advisor to Openjobmetis SpA.

Openjobmetis S.p.A. (BIT:OJM) completed the acquisition of JOB Just On Business s.p.a. from Torrent S.P.A and 1845 SRL on January 15, 2024.