Footway Group AB (publ) (OM:FOOT B) agreed to acquire the assets of Californian Roots AB on October 28, 2020. The acquisition takes place as a transfer of assets of Caliroot’s brands, domains and inventories. The acquisition will be financed from Footway Group AB's internal resources. The transaction will enter into effect in early November 2020. Sten Hedbäck, Peter Törngren, Anna Jerndorf and Fredrik Gustafsson of Advokatfirman Törngren Magnell KB acted as legal advisor for Footway Group AB.