The offer has been positively received by Arηs’ management team and shareholders as testimony of its strong growth and unrivalled market position, developed over the past 20 years. The combined company is a natural progression of this close relationship and will create the technology services market leader for European public institutions.

The transaction is subject to customary closing conditions, including formal approval clearance from the CSSF in Luxembourg.

Actual closing of the transaction is expected in the second quarter of 2024.