Grundbulten 1117333 AB entered into an agreement to acquire 80% stake in Uppsala Padelcenter AB and Every Padel i Västerås AB from Everysport Group AB (publ) (NGM:EVERY) for SEK 12.5 million on March 30, 2023. Consideration of SEK 1 million will be paid in cash and remaining SEK 11.5 million through a promissory note amortised over a five year period. Grundbulten has option to acquire remaining 20% stake in Uppsala Padelcenter AB and Every Padel i Västerås AB. The transaction is expected to complete on April 1, 2023.

Grundbulten 1117333 AB completed the acquisition of 80% stake in Uppsala Padelcenter AB and Every Padel i Västerås AB from Everysport Group AB (publ) (NGM:EVERY) in the first half of 2023.