TXT e solutions SPA (IT:TXT) has released an update.
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TXT e-solutions S.p.A. is set to enhance its market position by acquiring 84.1% of Webgenesys, an ICT company with a solid track record in public tenders, for €63 million. This strategic acquisition is poised to make TXT a leading player in digital innovation for public administrations, particularly with over €350 million in public tenders secured for the coming years. The deal also involves co-investment from HAT Technology Fund 5, emphasizing a focus on high-growth technology enterprises.
For further insights into IT:TXT stock, check out TipRanks’ Stock Analysis page.
