Sapienza: TP Group expands in space market through Sapienza acquisition
Specialist services and engineering company TP Group announced the acquisition of the entire issued share capital of Sapienza Consulting Holding on Wednesday, for an initial cash consideration of €10m and €1.5m by way of the issue of 20,612,865 new ordinary shares.
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Sapienza is a Netherlands-based consulting company that offers solutions such as workforce management, digital engineering and quality assurance for space and defense sectors.
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