Acquisition of Manta Servizi Srl

Bristol July 21, 2021 – N-and Group (“N-and”), a company that specializes in the design, development and manufacturing of cutting-edge engineering products and software platforms, announces that its 100% controlled subsidiary N-and Italia S.r.l. has acquired the 51% of the entire issued share capital of Manta Servizi S.r.l. (“Manta”).

Founded in 2019, Manta is a start-up specialized in creating and managing innovative eco-systems for the micropayment industry. Its mission is to drive the adoption of token-based solutions for any buying experience.

Tarcisio Vergani, President and Chief Executive Officer of N-and, said:

“We are extremely excited to announce this transaction. We have let our curiosity navigate beyond the algorithms and identified a common strategy to reinvent the use of tokens in challenging preconceived ideas in the micropayment industry.”

With this acquisition N-and intends to strengthen its competitive position in the automatic retail and micropayment applications by offering a unique value proposition to brands and consumers.

The technology acquired will incentivize decentralization, promote security and users’ privacy.

Manta protocol combined with blockchain technology, will allow the fast adoption of token-based solutions and loyalty programs driving one-to-one promotions to the next level.

Tarcisio concluded: “This acquisition brings together two companies with the common goal of turning challenges into opportunities, and reinforces N-and’s curiosity, innovation and ability to keep up with the everchanging times. The identified synergies will bring new services to our customers offering additional tools to drive new business models and profitable growth.”

N-and Group Ltd – www.n-andgroup.com

Manta Servizi – www.mantaservizi.it

 

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