Under a business unit transfer agreement, MotorK Italia S.r.l. and MotorK Spain Gestiones Comerciales
S.L. have transferred to Underdogs their digital marketing service activities in Italy and Spain, comprising its customer contracts, six employees and the related operational know-how.
Under a related service agreement, MotorK licenses its proprietary digital marketing technology platform, AdSparK, to Underdogs.
The transferred activities are reported within the Group's Digital Marketing revenue line, which generated revenues of €8.0 million in FY 2025 and €1.7 million in Q1 2026. The consideration for the transfer is not material to the Group.
Zoltan Gelencser, Interim Group Chief Executive Officer, commented: "With these agreements, the partnership announced in June becomes fully operational. MotorK retains AdSparK and its technology revenues, while our customers gain a partner specialised in digital marketing delivery." Forward-looking information and disclaimerThis press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, may be deemed to be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "plans", "believes", "expects", "aims", "intends", "anticipates", "estimates", "projects", "will", "may", "would", "could" or "should", or words or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are based on our current expectations, projections and key assumptions about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MotorKʼs ability to control or estimate precisely, such as future market conditions, the behavior of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise.
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