Ecoclime Group AB (XSAT:ECC) signed an agreement to acquire SDC Automation AB from the owners for SEK 4.7 million on April 15, 2018. The purchase consideration will be paid in cash for SEK 2 million and by issuance of 0.15 million Series B shares at the price of SEK 5.6 per share. The purchase consideration includes an earn-component which is subject to certain financial targets for 2018. Upon achievement of certain financial targets, the owners of SDC Automation AB will receive SEK 1 million in cash and 0.15 million new Series B shares at the price of SEK 5.6 per share. The deal is expected to be completed on May 1, 2018.