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Evolution is the largest holding in my personal portfolio and is a business I program on holding for a lot of years as it appears to take on the US market place. The acquisition will be an all-cash deal with a total up-front consideration of EUR 1 million. In addition, Evolution will pay an earn-out payment, primarily based on DigiWheel’s EBITDA throughout three years. Completion of the transaction is planned for late 2021 and is subject to specific closing circumstances.

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