HEXPOL AB (publ) (OM:HPOL B) agreed to acquire a 70% stake in almaak international GmbH from Olaf Eichstädt and Thomas Schmeinta on March 8, 2022. The acquisition price amounts to approximately €70 million on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. Pursuant to the agreement, HEXPOL has an option to acquire the remaining shares, and Olaf Eichstädt and Thomas Schmeinta have the option to sell their remaining shares to HEXPOL. Olaf Eichstädt and Thomas Schmeinta will stay with almaak and further drive growth and technical excellence. almaak operates two sites in Germany with some 190 employees. almaak's turnover in 2021 amounted to €75 million with a profitability level just below the HEXPOL Group. The transaction will close after regulatory approval which is estimated to the 2nd quarter of 2022.

HEXPOL AB (publ) (OM:HPOL B) completed the acquisition of a 70% stake in almaak international GmbH from Olaf Eichstädt and Thomas Schmeinta on April 4, 2022. All regulatory approvals and contractual terms for the transaction have been met.