De.mem Limited (ASX:DEM) signed a binding agreement to acquire remaining 25% stake in De.mem-Geutec GmbH from Uwe Graessel for AUD 0.34 million on October 1, 2022. The acquisition is valued based on an EBITDA multiple of approximately 3.3x. The capital raised will fund the acquisition of the remaining 25% ownership of De.mem-Geutec GmbH. De.mem-Geutec recorded approximately AUD 3.2 million in revenues in Calendar Year 2021.

De.mem Limited (ASX:DEM) completed the acquisition of remaining 25% stake in De.mem-Geutec GmbH from Uwe Graessel on October 1, 2022.