Infront AS has entered into an agreement for the acquisition of Assetmax AG on August 26, 2022. The acquisition of Assetmax was primarily financed with equity, including the issuance of consideration shares to certain of the selling shareholders of Assetmax and as well as a combination of Revolving Credit Facility and available cash. In addition to this, Infront has utilized €10 million of its €25 million Revolving Credit Facility. The transaction is expected to be completed by the end of September at the latest, subject to customary conditions. Christoph Suter, Ruth Bloch-Riemer, Laura Widmer, Jonas Bornhauser and Peter Hsu of Bär & Karrer Ltd. acted as a legal advisor to Infront AS. Ernst & Young Global Limited acted as financial and Due Diligence Provider to Infront AS.

Infront AS has completed the acquisition of Assetmax AG for €43.8 million on September 30, 2022.