Seafire AB (publ) (OM:SEAF) entered into an agreement to acquire Dofab Ab from Karolin Jeppsson and Olof Jeppsson for approximately SEK 110 million on January 17, 2022. The purchase price for DOFAB amounts to a maximum of SEK 105 million, which includes a net cash of approximately SEK 10 million. Of the total purchase price, SEK 86 million will be paid in cash and SEK 4 million in Seafire shares through a directed issue at a price of SEK 32.41 per share and a variable additional purchase price of a maximum of SEK 5 million per year during the period 2022 to 2024 if Dofab achieves EBITDA over SEK 10 million.

For the year ended June 30, 2021, Dofab had sales of SEK 69 million with an EBITDA of SEK 12.8 million. Karolin Jeppsson and Olof Jeppsson will remain in their operational roles after the acquisition. The transaction is expected to conclude on February 1, 2022.