Scandinavian Astor Group AB (DB:Y73) entered into an agreement to acquire Mikroponent Aktiebolag for SEK 40 million on November 8, 2023. The consideration of transaction is SEK 30 million with a potential additional purchase price of maximum of SEK 10 million, provided that certain predetermined financial goals and conditions are met. Scandinavian Astor has received a loan promise from Norion Bank AB of approximately SEK 15 million. Mikroponent had reported turnover of approximately SEK 44 million with a net profit of approximately SEK 3.3 million in 2022. The transaction is expected to complete in December 2023. Fredrik Winroth, Markus Garfvé of Advokatfirman FYLGIA KB acted as legal advisor to Scandinavian Astor Group.

Scandinavian Astor Group AB (DB:Y73) completed the acquisition of Mikroponent Aktiebolag on December 11, 2023.