Hudya Group AS signed a conclusive agreement to acquire Payr AS in a merger of equal transaction on July 12, 2019. Pursuant to the transaction, Payr will receive equity in the new entity. Payr will become a part of Hudya's Payments department. Espen Einn, CEO of Payr, will be appointed chief payments officer at Hudya. Hudya Group AS completed the acquisition of Payr AS in a merger of equal transaction on November 30, 2019. Hudya Group issued loan notes as consideration for the transaction which upon completion were used to subscribe 5.7 million shares of Hudya for a total of NOK 81.72 million.