Nolato AB (publ) (OM:NOLA B) agreed to acquire 100% stake in P & P Technology Ltd for SEK 13 million on April 27, 2023. Under the terms of agreement, initial purchase price is approximately SEK 13 million debt free with a possibility of contingent payment. P & P Technology has annual sales equivalent to approximately SEK 25 million. P&P Technology will be consolidated in Nolato from May.

Nolato AB (publ) (OM:NOLA B) completed the acquisition of 100% stake in P & P Technology Ltd on April 27, 2023. The acquisition price for the transaction is SEK 18 million which includes SEK 6 million of contingent consideration which is depends on the actual earnings for the 2023?2025 period. The total consideration will be paid in cash.