Sanok Rubber Company Spólka Akcyjna (WSE:SNK) signed an agreement to acquire Teknikum Group Ltd. for an enterprise value of ?46.7 million on December 19, 2023. Teknikum's FY 2022/2023 revenue is at about ?69 million. The completion of the acquisition is expected in the coming months, marking a significant milestone for both companies as they aim to strengthen their positions in international markets.

The completion of the transaction, conditional on regulatory approval, is expected to take place in the first half of 2024. KARLO SIIRALA from Asianajotoimisto Castrén & Snellman Oy acted as legal advisor to Sanok Rubber Company Spólka Akcyjna (WSE:SNK).Erkko Ruohoniemi, Sami Tuominen from Merilampi Oy acted as legal advisors to shareholders in the sale of Teknikum. Jonni Leporanta, Aleksi Nieminen, and Zenon Wawryszko and Jan-Erik Rae, Borbala Bodo and Torben Schlitt from Grant Thornton Frackowiak sp.

z o.o. , Revico Grant Thornton Oy, Grant Thornton Hungary and Grant Thornton AG Wirtschaftsprüfungsgesellschaft provided financial due diligence, transaction advisory, and process coordination and tax due diligence for Sanok Rubber Company Spólka Akcyjna (WSE:SNK).