Concejo AB (publ) (OM:CNCJO B) agreed to acquire a 50% stake in Sal Navigation Ab from Marinovum Holding Ab for SEK 57.6 million on September 30, 2022. The consideration will be paid in cash. After the transaction, SAL Navigation AB will be owned 50 percent by Concejo AB (publ) and 50 percent by the company management (Marinovum Holding AB).

Concejo will have a controlling influence over SAL Navigation, which means that the company will be consolidated as a subsidiary from the fourth quarter of 2022. SAL Navigation will be part of the business area Concejo Industrier. As of year ended 2021, Sal Navigation Ab reported revenue of SEK 88.8 million and EBIT of SEK 3.5 million.