Best Union Company SpA acquires a 100% interest in IREC, a French company with a turnover of EUR 9.8 million, an EBITDA of EUR 1.0 million, and a net profit of EUR 0.4 million in 2013. The transaction value is EUR 4.8 million, plus an earn out depending upon the improvement of future results. Through the acquisition of IREC, the Group consolidates a strong presence on the French market, becoming an important player in the areas of culture and entertainment. For Best Union Company, France represents the second largest market in terms of revenues. The Group is now in a position to achieve in 2014, two years in advance, the revenue target set in the Strategic Plan for the 2016.

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