(Alliance News) - SG Company Spa announced Monday that it has finalized the acquisition of 51 percent of Geotag Srl.

Geotag is a media agency that offers consultancy and tools to plan and implement tailored and measurable communication, specializing in proximity communication through the constant use of geomarketing tools.

The payment for the purchase of 51 percent of Geotag's share capital -- amounting to EUR1.1, million -- will be paid in three tranches: the first today, when the deal closes, the second in January 2024, and the third in July 2024 at the latest.

SG Company's stock closed Monday up 1.6 percent at EUR0.26 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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