Apex Nova Holding Gmbh entered into a definitive merger agreement to acquire exceet Group SCA (XTRA:EXC) in a reverse merger transaction for ?110 million on January 19, 2023. Under the merger agreement, exceet agreed to acquire 20.8% of the APEX shares for a cash consideration in the amount of approx. ?25 million and to exchange the remaining 79.2% shares in Apex for shares in exceet by way of a contribution in kind. The Transaction is not subject to closing conditions and is expected to complete promptly. For this purpose, exceet agreed to utilize its authorized capital and increase its share capital by issuing 16,285,467 new shares to the shareholders of APEX. Andreas Fuchsel, Roland Maaß, Wolfram Distler, Pascal Kremp, Burkhard Fahrmeyer, Verena Grentzenberg, Sylvia Ebersberger, Tatiana Marzoli, Miray Kavruk, Georg Haberkorn and Lukas Weidner of DLA Piper acted as legal advisor to exceet Group on the transaction.

Apex Nova Holding Gmbh completed the acquisition of exceet Group SCA (XTRA:EXC) in a reverse merger transaction on January 19, 2023.