PiezoMotor Uppsala AB (publ) (OM:PIEZO) agreed to acquire SENSAPEX for ?13.6 million for April 21, 2021. The consideration will be paid partly in cash and partly in the form of newly-issued series B shares in PiezoMotor. A contingent consideration may be paid depending on Sensapex?s sales performance over the next two years. For full payment of the contingent consideration, a high level of growth is required. The cash portion will be financed with around ?8.4 million (SEK 85 million) using accelerated book building process. The transaction is conditional on the Company being able to secure the necessary financing of the cash element and on an Extraordinary General Meeting of the Company granting the Board of Directors the necessary authority to issue the shares for the purchase. The deal is expected to be completed before end of May 31, 2021. Johannes Piha of Borenius Group acted as legal advisor to Sensapex Oy. PiezoMotor Uppsala AB (publ) (OM:PIEZO) completed the acquisition of Sensapex Oy in May 2021.