ECIT AS (OB:ECIT) made an offer to acquire Modern Ekonomi Sverige Holding AB (publ) (OM:ME) for SEK 57.6 million on October 5, 2020. The offer per hare is SEK 3.9 in cash. After the acquisition has been completed, ECIT is intended to adapt and integrate Modern Ekonomi into ECIT's existing payroll and accounting operations in Sweden. As on October 5, 2020, there are no decisions regarding changes in ECIT's or Modern Ekonomi's employees, management, or organization, nor regarding terms of employment or business locations. The offer period starts from October 12, 2020 to November 2, 2020 and it is further extended until November 30, 2020. Aktieinvest FK AB acted as transfer agent to the offer. Racine Ashjari and Gustav Thorslund of Advokatfirman Morris AB acted as legal advisor for Modern Ekonomi.

ECIT AS (OB:ECIT) completed the acquisition of 87.5% stake in Modern Ekonomi Sverige Holding AB (publ) (OM:ME) for SEK 50.4 million on November 30, 2020.