(Alliance News) – Sicily by Car announced on Wednesday that it has acquired, through its subsidiary Sicily by Car Spain, 100% of the share capital of Keygo Rent Spain SA.
The transaction is of strategic significance, enabling the group headed by Sicily by Car to continue its expansion path in Europe by entering the Spanish mainland market.
In 2024, Keygo reported revenues of EUR2.8 million, EBITDA of negative EUR100,000, and a Net Financial Position of zero.
The agreement governing the terms and conditions of the transaction provides for the acquisition from Gemarbe XXI, SLU, Little Carrots Investment SLU, and Planeta Kalgan SLU of 100% of Keygo’s capital for a total price of EUR1.1 million, almost entirely already paid.
Sicily by Car shares closed trading up 2.1% at EUR3.42 per share.
By Michele Cirulli, Alliance News Reporter
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