NTG Nordic Transport Group A/S (CPSE:NTG) entered into a conditional share purchase agreement to acquire LGT Logistics AB for approximately SEK 370 million on July 16, 2021. The transaction values 100% of the shares in LGT Group AB at SEK 375 million on a cash and debt free basis. After closing of the transaction, each subsidiary of LGT Group will continue as a stand-alone subsidiary of NTG in accordance with NTGs decentralised corporate structure, and the existing management in each subsidiary will continue in their current roles. Upon closing of the transaction, key management incentive structures will be aligned with the principles of NTGs partnership model. NTG will finance the purchase price with available cash and existing credit facilities. LGT Group generated a reported revenue of SEK 829 million and a reported EBIT of SEK 64.8 million (IFRS) in the financial year ending December 31, 2020. Following closing, further details regarding the impact of the transaction will be communicated including expected synergies, integration plans as well as an update on the financial outlook for 2021. The transaction is subject to approval by the relevant competition authorities and closing of the transaction is expected in Q3 2021. Ronnie Kandler, Anders Kjær Dybdahl and Thomas Bento-Nystad of Poul Schmith acted as legal advisor to NTG Nordic Transport Group A/S. Anton Truvé of Clearwater International acted as financial advisor to Litorina. Delphi acted as legal advisor to NTG Nordic Transport.