Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Fair Values of Identifiable Net Assets

The total consideration and the fair values in accordance with IFRS 3 of the identified net assets acquired of InstaDeep as of July 31, 2023, are as follows:


			Fair value recognized on acquisition
(in millions €)			InstaDeep Ltd.
Assets
Intangible assets			187.6
Property, plant and equipment			2.1
Right-of-use assets			0.7
Trade receivables			2.4
Financial assets - current			52.5
Cash and cash equivalents			21.2
Other assets non-current and current			8.7
Total assets			275.0

Liabilities
Deferred tax liabilities			45.8
Other liabilities long-term and short-term			18.2
Total liabilities			64.0

Total identifiable net assets at fair value			211.0

Goodwill from the acquisition			306.5
Total consideration			517.5

Consideration
Cash paid			358.1
Cash to be paid in 2024			4.0
Designated FX hedge			(8.1)
Shares transferred (approx. 1.1 million shares)			103.7
Contingent consideration			31.8
Previously held non-listed equity investment (stake of 5.3%)			27.9
Total consideration			517.5