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.

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