Aqua Bio Technology ASA (OB:ABTEC) entered into a binding agreement in principle to acquire SkinTeam Norge AS for NOK 45 million on July 23, 2023. As of August 3, 2023, Aqua Bio Technology ASA (OB:ABTEC) entered into a final agreement to acquire SkinTeam Norge AS for NOK 41.2 million. The purchase price will be used to subscribe for new shares in Aqua Bio Technology at a subscription price of NOK 3. As of June 30, 2023, Skinteam reported revenues of approximately NOK 25 million.

Aqua Bio Technology ASA (OB:ABTEC) completed the acquisition of SkinTeam Norge AS on August 16, 2023.