The management of Japrotek Oy Ab signed a binding agreement to acquire 81% stake in Japrotek Oy Ab from Plc Uutechnic Group Oyj (HLSE:UUTEC) for €0.02 million on June 4, 2018. The management has an option to acquire the remaining 19% under certain conditions until June 30, 2023. As part of the transaction, Plc Uutechnic Group Oyj undertakes to recapitalise Japrotek Oy Ab with an additional €0.37 million, which will be granted as a subordinated loan. Japrotek Oy Ab had revenue of €13.3 million and operating loss of €1.1 million for the year ended 2017. The deal is conditional on the final decisions of the financiers and the finalisation of the required financial arrangements. The financing decisions will be made by the end of June 2018. As on June 29, 2018, financing arrangements have not led to acceptable result with all parties and the transaction has been postponed, and the financial negotiations is to complete by end of September 2018. The management of Japrotek Oy Ab completed the acquisition of 81% stake in Japrotek Oy Ab from Plc Uutechnic Group Oyj (HLSE:UUTEC) on August 28, 2018.