RCD news

Advising the tech company, Keonn, on its sale to Novanta for EUR 60 M

Keonn, a company that specialises in technology for the retail industry, has closed its sale to Novanta Group, a US technology company listed on the Nasdaq stock market, for EUR 60 M

The transaction included an additional EUR 20 M, dependent on the achievement of revenue targets, as well as EUR 9 M in incentives for employees.

This transaction will allow Keonn to boost its growth and strengthen its position as a provider of technology solutions for companies in the retail sector seeking to digitise their physical shops.

A team led by Oscar Alegre, David Pintos, and Miquel Campos advised Keonn on this transaction.