Advanced Stabilized Technologies Group AB (publ) (NGM:ASTG B) acquired Satmission AB from Allgon AB (publ) (OM:ALLG B) for SEK 9.8 million on May 12, 2020. Advanced Stabilized Technologies Group issued 2.5 million B-shares as part of consideration. The parties have in addition agreed on a 3 years earn-out model based on performance of Satmission. Payment is done based on the annual revenue, with an accumulated minimum payment of SEK 4.59 million after 3 years. ASTG has the right to defer payment until February 2022 on the first year's Earn-out. Post completion, Allegon will own approximately 7.5% stake in Advanced Stabilized Technologies Group. The transaction includes transfer of all staff, technology, products, customers and customer lists, development, and production facilities, from Allgon AB to Advanced Stabilized Technologies.

Advanced Stabilized Technologies Group AB (publ) (NGM:ASTG B) completed the acquisition of Satmission AB from Allgon AB (publ) (OM:ALLG B) on May 12, 2020. Andreas Börjesson and Emma Lundberg of Synch Advokat AB acted legal adviors to KebNi AB.