Endurance Technologies Limited — JV/Acquisition, 20-03-2025: Acquisition

Endurance Technologies Limited's wholly-owned subsidiary, Endurance Overseas SpA (EOSpA), has executed a buyback of 5% equity shares held by Endurance GmbH, Germany, for €8,503,577. This buyback elevates Endurance Technologies to the sole voting shareholder in EOSpA, which reported a turnover of €8.5 million and a net profit of €8.3 million for the financial year 2023-24. The strategic purpose of this move is to simplify the holding structure of the Endurance Group's overseas entities, enhancing operational efficiency and potentially unlocking shareholder value.