Fasadgruppen Group AB (publ) (OM:FG) agreed to acquire Surface ByggstÄLlningar Ab on October 23, 2023. Fasadgruppen has used existing cash and available credit facilities to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months following completion for an amount corresponding to SEK 15 million.

The shares bought under the re-investment are subject to a lock-up commitment for 36 months. Surface ByggstÄLlningar has reported revenues of approximately SEK 114 million for the financial year 2022. The acquisition of Surface is expected to be completed in October 2023.