SG Company S.p.A. (BIT:SGC) signed a binding agreement to acquire 60.92% stake in Gruppo Fma Srl for €1 million on May 9, 2023. The transaction is expected to close by May 31, 2023. As at 31 December 2022, Louder Italia and the FMA Group respectively achieved a turnover of approx.

€5.5 million and €2.9 millions.