Softtech Engineers (BOM:543470, NSE:SOFTTECH) signed a share purchase agreement to acquire 100% of SoftTech Digital AG, a move aimed at strengthening its footprint in the German market, according to a Monday filing on the local bourses.
Under the agreement, SoftTech will buy 50,000 no-par value shares, each with a nominal value of 1 euro. The transaction involves no related parties, special rights, or conflict of interest provisions.
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