Elisa Oyj (HLSE:ELISA) acquired camLine GmbH for €63.8 million on December 23, 2020. The consideration is inclusive of an earnout payment of €4 million, which will be paid in 2021-2023 if agreed targets are achieved. Elisa's holding in camLine companies is 100%, except for camLine Hungary Kft, for which the holding is 60%. camLine will operate as an independent subsidiary supported by Elisa’s resources and capabilities and the current management will continue in their roles. The acquisition will have no impact on Elisa's medium term financial targets nor dividend payment capabilities. Mathias Schulze Steinen, Jens Kirchner, Miray Kavruk, Burkhard Führmeyer, Katherine Chew, Jan Pohle, Semin O, Kristin Vogt-Schories, Paula Corban, Konstantin Decker-Horz, Thomas Olbrich, Thorsten Ammann, Tsai Hsuan Lee, Georg Haberkorn, Wincen Santoso, Philipp Groll, France Vehar, Ciprian Frandes, Alexander Kath, Tamas Szkiba, Biborka Jojart, Natalie Downar, Ying Chern Tan, Sergej Bräuer and Johannes Klug of DLA Piper acted as legal advisor to Elisa. Elisa Oyj (HLSE:ELISA) completed the acquisition of camLine GmbH on December 23, 2020.