Prevas AB (OM:PREV B) signed an agreement to acquire 92% stake in NMAC Group Oy from Enmac Oy for ?21 million on April 23, 2024. The purchase price will be paid in cash and in addition a contingent consideration of ?2 million will be paid depending upon the profitability in the financial year 2024. The acquisition will be financed through existing cash and a new credit facility amounting to ?17.268 million.

The acquisition is subject to regulatory approval. The integration of Enmac will commence once the approval has been received. The group has approximately 200 employees and has a turnover of ?23 million in 2023, with an EBITDA margin of 14 percent.

Enmac's successful management team will retains unknown ownership in NMAC Group Oy and will continue to develop the company under the leadership of Chief Executive Officer Juha Ritala, who in turn will report to Magnus Welén, Chief Executive Officer of Prevas. The acquisition is expected to be completed during the third quarter of 2024. TCG Corporate Finance GmbH acted as financial advisor to Prevas AB (OM:PREV B).

Advokatfirman Lindahl acted as legal advisor to Prevas AB (OM:PREV B). Deloitte AB acted as financial and tax due diligence provider to Prevas AB (OM:PREV B).