Italy â Openjobmetis acquires Quanta Group
25 January 2021
Openjobmetis SpA (OJM:MIL), the Italian recruitment firm, signed an agreement to acquire 100% of the share capital of Quanta Ressources Humaines SA, as well as, indirectly, of the respective Italian and foreign subsidiaries.
Quanta, founded in 1997, is an employment agency operating in Italy, concentrating on general temporary work, also focussing on the aerospace, ICT, naval and energy sectors.
In 2019, the Quanta Group reported revenue of â¬170 million and an EBITDA of approximately â¬5.4 million, whereas 9-month revenue as at 30 September 2020 was about â¬107 million.
The agreed consideration is comprised of a portion in cash of â¬20 million plus the assignment in favour of the seller of 685,600 treasury shares, already held by Openjobmetis, equal to 5% of the associated share capital. A 5-year non-compete agreement is expected to be signed with the seller, worth a total of â¬1.5 million. The