SolTech Energy Sweden AB (publ) (OM:SOLT) signed an agreement to acquire 60% stake in Merasol AB for SEK 15 million on December 19, 2019. The acquisition is paid with an initial cash portion of SEK 4.5 million and newly issued Soltech shares worth SEK 3 million (20% of the purchase price). After 12 and 24 months, an additional SEK 3.75 million can be paid out in variable supplementary purchase price if set sales and profitability targets are achieved. In the spring of 2022, through an option agreement, Soltech has the opportunity to acquire the remaining 40% of Merasol, or a desired part thereof. The price of the shares under this option is calculated as the average of Merasol´s EBIT during the 2020-2022 fiscal years (3 years) x the multiple five (5) x the percentage acquired. The acquisition of Merasol is financed entirely from its own cash and with newly issued Soltech shares.