Mare Group agrees to sell Workgroup to Metriks AI for EUR 20 million EV

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Reuters2026/07/29 06:14

By:Reuters

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Metriks AI agreed to buy software platform developer Workgroup, valuing the target at an equity value of EUR 20 million.
Mare Group will sell its 95% stake for EUR 18.9 million, split into EUR 7 million cash, EUR 1 million in new Metriks AI shares, EUR 10.9 million in Metriks AI Convertible Bonds.
The Convertible Bonds mature on June 30, 2028, with a value at maturity of EUR 11 million, convertible into new shares or redeemable in cash.
Closing is targeted by Sept. 30, 2026, subject to funding for the cash portion and Metriks AI shareholder approval.
Mare Group will first lift its Workgroup holding to 95% by buying 40% from WGS for EUR 7.9 million, including EUR 4.9 million cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mare Engineering Group S.p.A published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20318_170286_2026_oneinfo.pdf), on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mare Group agrees to sell Workgroup to Metriks AI for EUR 20 million EV

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