Ips Solutions Anstalt agreed to acquire Fram Venture 11 Ab from Fram Skandinavien AB (OM:FRAM B) for SEK 42.2 million on July 14, 2022. The purchase price is split into cash upfront of SEK 38.2 million upon closing of the transaction (expected to occur within seven business days) and an earn-out of approximately SEK 4 million, based on the 2022 EBITDA for Fram Venture 11 AB. The purchase price, on a cash and debt-free basis (Enterprise Value), is approximately SEK 42.4 million. Out of the SEK 38.2 million paid at closing, approximately SEK 4.2 million goes to repay the acquisition credit that the Fram Skandinavien AB has with Swedbank and SEK 3.5 million will be reserved by IPS Solutions to pay the two tranches that remain to be paid as part of the Fram Skandinavien AB previous acquisition of Exertus IT AB.