EcoOnline Holding AS (OB:ECO) acquired Stay Safe Services Limited for £24.2 million on May 14, 2022. EcoOnline has acquired all shares in StaySafe at the amount of £24.2 million, of which £19.7 million was paid in cash at closing and £4.7 million are to be paid at a later stage whereof £2 million may be settled in EcoOnline Holding AS shares. There is also an earn-out component related to net new ARR growth from April 2022 to January 2023. The acquisition is funded by a combination of EcoOnline's cash reserves, and a £15.2 million loan provided by Ture Invest AS through the credit facility established in 2021. EcoOnline Holding AS (OB:ECO) completed the acquisition of Stay Safe Services Limited on May 14, 2022.