ECIT AS agreed to acquire Moretime Business Partner AB from Moretime Professional Service AB (publ) on May 26, 2016. As a consequence, a bankruptcy petition for Moretime Professional Services AB (publ), MDS Digital Solutions AB and Moretime Financial Services AB will be submitted to Stockholm District Court. Proceeds received from the sale would not be sufficient to further conduct business in other group companies. ECIT AS cancelled the acquisition of Moretime Business Partner AB from Moretime Professional Service AB (publ) on May 26, 2017.