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Euroweb acquires Navigator Group

Euroweb International Corp announced that Euroweb and Euroweb Hungary Rt, a wholly owned subsidiary of Euroweb, completed the USD 10,000,000 acquisition of 100% of Navigator Group, a Hungary-based provider of IT outsourcing, applications development, and IT consulting services. Navigator was acquired from Marivaux Investments Limited and Graeton Holdings Limited. Further information on Navigator and details of the acquisition can be located in the Form 8-K's that have been filed with the SEC. (BU.S.INESS WIRE)