DistIT AB (publ) (OM:DIST) entered into an agreement to acquire Electric Fuel Infrastructure Sweden 2 AB for approximately $340 million on August 18, 2021. Under the terms of agreement, DistIT will pay SEK 45 million in cash and SEK 140 million through a 1.626 million directed new issue of shares in DistIT. In case the new shares issuance is not resolved by the board of directors at meeting then a cash consideration of SEK 140 million will be paid instead of shares issuance. Further, a conditional purchase price of SEK 140 million may be paid in cash if Electric Fuel Infrastructure delivers a gross profit of SEK 70 million on a rolling 12-month basis at any time in the future. Through the new share issue, Electric Fuel Infrastructure owners, including Chief Executive Officer Rasmus Bender, will become shareholders in DistIT. The acquisition is eexpected to be completed later today.