Apio Africa Ltd agreed to acquire Axilion Ltd. on August 18, 2020. Apio Africa Ltd will issue to Axilion shareholders Apio Africa shares amounting to 81.34% stake of the Apio Africa’s issued and paid up share capital in exchange for all Axilion shares. The deal is subject to receipt of all customary approvals, including the conduction of due diligence. The deal was approved by the board of Apio Africa.