Inin Group AS (OB:ININ) signed a term sheet to acquire 70% of TW Gruppen AS for NOK 35 million on March 30, 2023. Inin Group AS (OB:ININ) signed the final share purchase agreement for the acquisition of TW Gruppen AS on August 3, 2023. Inin Group will have an option to acquire the remaining 30 percent of the shares in TW Gruppen. The initial consideration will consist of NOK 20 million in Inin Group shares valued at NOK 2.80 per share and NOK 10 million in cash at the time of closing and another NOK 5 million in September 2023. The transaction is subject to customary closing conditions, satisfactory due diligence, and final transaction documentation. The final share purchase agreement is expected to be signed during the second quarter of 2023.

Inin Group AS (OB:ININ) completed the acquisition of 70% of TW Gruppen AS on October 19, 2023.