PunaMusta Media Oyj (HLSE:PUMU) acquired Exove Oy for €4.5 million on May 31, 2023. The consideration includes a net debt-free purchase price of €1.5 mn and earnout of up to €3 mn based on Exove's growth targets for 2024-2026. For FY 2022, Exove had revenues totaling €6.3 million and operating loss of €0.9 million.

PunaMusta Media Oyj (HLSE:PUMU) completed the acquisition of Exove Oy on May 31, 2023.