eMudhra B.V., a subsidiary of eMudhra Limited has entered into an agreement dated June 27, 2025 for acquisition of 51% controlling stake in Cryptas International GmbH, Vienna, Austria.
Cryptas is a prominent European provider of encryption and trust services and Cryptas International GmbH owns 100% of the following companies, PrimeSign GmbH, Austria, which is a Qualified Trust Service Provider in Europe, Cryptas IT Security GmbH, Austria, engaged in Cyber Security business in Austria, Cryptas International GmbH's holding company, these are subsidiary companies doing business in their respective areas, and Cryptas Deutschland GmbH, Germany, which is engaged in Cyber Security business in Germany.
The acquisition of Cryptas International GmbH will expand eMudhra's global digital trust footprint, particularly in the European Union, because as all of you know we have good presence in Middle East, good presence in Africa, and over the last two years we have established good presence in USA, now we need to establish presence in Europe, so this acquisition will complement and enable us to establish a presence there.