Hybricon Bus System AB (publ) (NGM:HYCO) signed an agreement to acquire Seavea Service AB for approximately SEK 3.8 million on November 8, 2018. The acquisition includes the entire business of Seavea Service AB, thereby transferring staff, customers, suppliers, inventories, inventory and lease contracts. The transaction is subject to approval at the Extraordinary General Meeting of Hybricon Bus System AB on November 19, 2018 and a rights issue of at least SEK 12 million after issue costs, among other things. The transaction is expected to be completed on January 7, 2019.