Modis International AG agreed to acquire 5.89% stake in AKKA Technologies SE for approximately €30 million on April 21, 2022. The deal is expected to close on May 11, 2022. The payment of the squeeze-out is scheduled to take place on 13 May 2022. Modis International AG completed the acquisition of 5.89% stake in AKKA Technologies SE on May 11, 2022.