ADDvise Group AB (publ) (OM:ADDV A) has signed a Letter of Intent with the shareholders of Kolplast CI S.A. ("Kolplast") regarding an acquisition of all shares in Kolplast. Kolplast is a Brazilian manufacturer of MedTech equipment based in São Paulo, Brazil. The company produces disposable medical devices, MedTech equipment, laboratory equipment, and liquid-based cytology products.

The company is the market leader in Brazil with over 8,000 active clients. Several of the company's products are registered for sale in the US and Europe. The acquisition is subject to a due diligence and that the parties agree to enter into a share purchase agreement.

The share purchase agreement and completion of the acquisition is scheduled to be completed during the second half of 2023.