Cyber Security 1 AB (publ) (OM:CYB1) acquired remaining 25% of Cyber Security South Africa €0.82 million on September 30, 2022. In related transaction, Cyber Security 1 AB acquired remaining 50% Cyber Security Africa Distribution €1.4 million. Both transactions are on a full cash basis and total consideration payable on a debt free basis by Cyber Security 1 AB for the captioned transactions is with €0.312 million payable at closing on October 10, 2022 and the residual approximately €0.509 million payable under an instalment plan with final due date on February 28, 2023. Upon closing of the transactions, Cyber Security 1 AB holds 100% of CSAD and 100% of CSSA. Combined CSSA and CSAD gross revenues in 2021 were €11.4 million.

Cyber Security 1 AB (publ) (OM:CYB1) completed the acquisition of remaining 25% of Cyber Security South Africa on September 30, 2022