Loudspring Oyj (HLSE:LOUD) agreed to acquire remaining 15% stake in Eagle Filters Oy from Juha Kariluoto on September 28, 2021. As per the transaction, purchase price for the acquired shares is tied to the future EBIT and revenue development of Eagle Filters during 2022-2024 and will be paid in tranches during 2023-2025. Loudspring has a right to pay up to 50% of the purchase price with Loudspring shares. Loudspring's target is to use a portion of Eagle's future profits for payment of the acquired shares. Eagle Filters requires additional operating capital to execute its plan. The transaction is expected to complete by the end of 2021.

Loudspring Oyj (HLSE:LOUD) completed the acquisition of remaining 15% stake in Eagle Filters Oy from Juha Kariluoto in December 2021.