TP unit Sapienza Consulting ups stake in Lift to 69%

Writer, Stock Market Wire
Tuesday, July 2, 2019 - 07:37

Specialist services and engineering company TP Group said subsidiary Sapienza Consulting had agreed to acquire an additional shareholding in Lift for around €0.7m.

Lift was based in Den Haag in the Netherlands and built artificial intelligencesystems to support large-scale technical projects.

Sapienza initially acquired about a third of Lift in May 2017, as part of a strategy to invest in complementary technology partners.

The latest transaction brought Sapienza's holding to 69%, with the company taking two seats on the Lift board of directors.

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