Crayon Group Holding ASA (OB:CRAYN) entered into a purchase agreement to acquire Sensa ehf. from vhf. (ICSE:SIMINN) for ISK 3.5 billion on December 2, 2020. Under the terms of the transaction, the settlement of purchase price payable at completion is to be split between 2/3 in cash and 1/3 in shares of Crayon Group Holding ASA subject to a 12-month lock-up from date of agreement. Monthly release of 1/12 of shareholding during the lock-up period (i.e., a right, but no obligation to sell). For the last twelve month ending June, 2020, Sensa ehf. had revenues of ISK 5.1 billion and EBITDA of ISK 561 million. The share capital increase pertaining to the issuance of the 699,635 new shares has been registered with the Norwegian Register of Business Enterprises. The agreement is subject to approval by the Icelandic Competition Authority. On March 18, 2021, Icelandic Competition Authority approved the transaction. The Integration and value capture plan is to be executed upon the completion of the share purchase agreement by December, 2020 to February, 2021. The transaction is expected to close by February 28, 2021. As per announcement on March 18, 2021, the deal is expected to close by the end of March 2021. The transaction is accretive to Crayon Group Holding ASA.

Crayon Group Holding ASA (OB:CRAYN) completed the acquisition of Sensa ehf. from vhf. (ICSE:SIMINN) on April 8, 2021. The consideration is paid as ISK 2.3 billion in cash and 699,635 shares in Crayon Group.