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Targets companies for cooperation - acquisitions | TheGreekDeal.com
EUROCONSULTANTS
Targets companies for cooperation - acquisitions
The signing of a Memorandum of Understanding (MoU) for the investigation and exploitation of new business opportunities, the creation of synergies, and the consideration of acquiring a majority stake in companies is something that Euroconsultants is actively discussing.
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Paris Kokorotsikos, President and CEO, Euroconsultants

Euroconsultants is in advanced discussions for the signing of a Memorandum of Understanding (MoU) for the exploration and exploitation of new business opportunities and the formation of synergies, as well as the consideration of the acquisition of a majority stake in companies, as it was announced today.

In particular, as the company said in a relevant announcement, "as we have already announced, the particularly impressive performance of 2023 constitutes the vindication of both the confidence of the shareholders and the efforts of the management and employees of Euroconsultants.

These performances, due to the launch of new projects undertaken by the company, show the trend for the following periods of time, making it evident that the company's growth is clearly acquiring more permanent characteristics, forming a continued and upgraded growth dynamic that significantly exceeds initial estimates.

The company currently has a backlog of projects amounting to €9 million, which, together with the awarded projects to be signed in 2024, exceeds €15 million, more than double the turnover of the year 2023, and this without taking into account the new projects the company is bidding for.

In this context, the Company is in advanced discussions for the signing of a Memorandum of Understanding in order to explore and exploit new business opportunities and the formation of synergies, as well as to consider the acquisition of a majority stake in companies operating in the following sectors:

-a company that operates exclusively in the ESG space, providing specialized services for the adoption of sustainable development best practices to create long-term value through compliance with ESG regulations and the integration of sustainability into business practices.

a company specializing in digital transformation, the development of modern IT applications, as well as providing integrated technical support and specialized consulting services to public sector entities, local authorities, and businesses, while also providing modern financial tools. 

-company active in the field of innovation and clean green transition, digital technologies using artificial intelligence and IoT technologies, as well as energy management, energy transformation and energy infrastructure

The company's management expects that it will soon be in a position to make the announcements related to the aforementioned (and in any case, as soon as binding legal documents are signed), remaining committed to the implementation of its strategic plan to maximise value for shareholders," the announcement concludes.

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