Backspin has completed a mandatory public tender offer for the shares of Spindox

Backspin S.p.A. has completed a mandatory public tender offer for Spindox S.p.A.

Backspin, an acquisition vehicle owned by Progressio SGR, was established for the purpose of acquiring Spindox through a public tender offer.

Spindox operates in the ICT services and products market, positioning itself as a company that designs, develops and integrates innovation. The company supports the transformation of its clients’ businesses, both in Italy and abroad, by offering project and business consulting, IT and network engineering services, cybersecurity solutions and advisory, decision-making technology based on artificial intelligence and research support. As Spindox is a listed company, its shareholder base is widely dispersed.

Oaklins Italy’s parent company, Banca Akros, served as the financial advisor and appointed broker for the collection of shares in Backspin’s mandatory public tender offer for 14.3% of Spindox’s shares.