Nederman Holding AB (publ) (OM:NMAN) acquired Energy Save System Limited for £3 million on a cash free debt free basis on November 15, 2021. Under the terms, Nederman Holding AB (publ) (OM:NMAN) will pay earn-out payment of £1.5 million based on development of the business in the 24 months following closing. The acquisition is funded by a combination of cash and existing bank facilities.

Nederman Holding AB (publ) (OM:NMAN) completed the acquisition of Energy Save System Limited on November 15, 2021.