Quento Technologies Single Member S.A. (“Quento”), the ICT arm of Qualco Group S.A. (“Qualco Group”), announces, in accordance with Law 3556/2007, the provisions of Regulation (EU) 596/2014 and the provisions of the Athens Stock Exchange Regulation, the signing of the agreement for the acquisition of all the outstanding shares of Empedus S.A., headquartered in Athens and operating in Greece, Cyprus, Italy, Romania, Belgium, Luxembourg and Sweden.

Empedus is an innovative and rapidly growing provider of technology solutions that accelerate operational transformation. Since 2016, it has been implementing advanced automation, IT operation enhancement and intelligent governance systems, with the aim of efficiency, transparency and resilience of organizations. Through the Al-Infused Project Delivery framework, it integrates AI at every stage of implementation, offering faster value delivery and predictive risk management. Empedus is a certified partner of ServiceNow, an AWS Robomaker solution provider, and has an outstanding research and development center in Northern Greece.

The acquisition further strengthens Qualco Group’s strategic position as a holistic transformation partner, providing access to significant enterprise automation projects. It also strengthens the organization’s ability to offer comprehensive solutions to clients operating in highly complex industries, such as financial services and public utilities. At the same time, it expands the Group’s geographical and technological footprint, contributing to the creation of higher added value for existing and future customers.

The agreement caters for the acquisition of 100% of Empedus. This transaction confirms the Qualco Group’s commitment to targeted organic and inorganic growth, further enhancing long-term value for shareholders, and actively supporting the implementation of the strategic plan presented at its recent listing at the Athens Stock Exchange.

CEO of Qualco Group, Mr. Miltos Georgantzis, stated:

“The integration of Empedus into the Qualco Group ecosystem is a significant step in implementing our strategy to strengthen our presence in the field of IT service management and business operations automation. Empedus’ proven expertise, combined with the innovative service delivery model that utilizes Artificial Intelligence technologies, significantly enhances the value of our solutions and expands our capabilities to meet the complex digital transformation needs in key sectors and markets. We look forward to working closely with the Empedus team to fully exploit the potential of this strategic partnership.”.

Mr. Thomas Mavroudakis, Founder and CEO of Empedus, stated:

“This agreement opens a new, exciting chapter for Empedus, remaining true to our vision: to design technological solutions with real business impact. We share with Qualco Group a common belief that innovation is not just technological progress, but a tool for empowering organizations. Through this strategic partnership, we enhance our ability to offer even more advanced, Al-infused solutions, to expand our international presence and to remain committed to creating high value for our customers.”