Awardit AB (publ) (OM:AWRD) signed a share purchase agreement to acquire Ipo Prämienservices Gmbh for ?9.8 million on October 26, 2023. The total consideration includes ?7.8, on a debt- and cash-free basis and earn-out, capped at a maximum of ?2 million corresponding to the gross profit attributable to a possible new part of the business can be attained during a two-year period. Ipo Prämienservices is a family owned company.

IPO generated the turnover for the financial year 2022 was approximately ?17.8 million and EBITDA result of approximately ?0.5 million. Prämie Direkt will take over as CEO of IPO. The transaction is expected to close on October 31, 2023.

Aqurat Fondkommission AB acted as financial advisor to Awardit AB (publ) (OM:AWRD).