EPSILON NET Group, consistent to its investment plan for continuous development, strengthening the model of strategic partnerships with specialized technology and knowledge providers, announced the acquisition of 60% of TAXHEAVEN S.A., which is a company active in providing comprehensive information and education products and services, online Data Base Systems and regional IT applications for accounting firms and businesses.
Specifically, EPSILON NET S.A. acquires 540 out of a total of 900 shares of TAXHEAVEN S.A., representing 60% of the total share capital of TAXHEAVEN S.A. The total cost of the investment amounted to € 1,680,000 € 1,176,000 was paid upon the transfer of the shares and the remaining amount of € 504,000 will be paid in two equal installments in April 2023 and 2024 respectively.
The founders of the company maintain the remaining 40%.
