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The Olympia Group announces that an agreement has been reached with 53% of Entersoft’s shareholders

March 4, 2024

The Olympia Group announces that, with the support of an international investor (together with Olympia Group, the “Investors») a binding agreement has been reached with shareholders of Entersoft S.A. (“Entersoft”) representing 53,73% of Entersoft’s share capital for the acquisition of their shares in Entersoft, either on a bilateral basis or in the context of a voluntary tender offer that the Investors would launch to acquire all shares of Entersoft (the “Transaction”).  The agreed consideration is eight (8) euros per share.

The Investors bring extensive experience and a successful track record of investments in dynamic sectors of the economy and companies with strong management teams and significant long-term growth prospects. Entersoft belongs to the successful ecosystem of technology companies in Greece, with a strong position in the business software and services sector.

With outstanding features that make it attractive, Entersoft has experienced significant growth in recent years, boasting a qualitatively expanded client base and partner network, as well as exceptional technological software solutions that meet the needs of medium and large -sized enterprises. 

In the rapidly transforming and evolving market the business software and services sector shapes significant growth opportunities.  Both Investors are very confident in Entersoft’s management team, employees, and partners, to continue and accelerate their successful journey, domestically and internationally. 

In addition to their agreement to acquire 53,73% of Entersoft’s shares, the Investors already holds another 4,95% of Entersoft shares from previous acquisitions.