TagMaster AB (publ) (OM:TAGM B) agreed to acquire Citilog S.A. from Axis Communications AB for approximately €3.4 million on April 28, 2021. The acquisition is an all-cash transaction on a debt and cash free basis and will be funded through a combination of new debt facilities and cash at hand. The purchase price will be paid in full on closing. Approximately SEK 28 million (€2,763,220) is secured in a new loan. Citilog reported sales for 2020 of approximately €5.8 million (mainly software) with an EBITDA of approximately – €0.6 million. TagMaster and Citilog will continue to cooperate with Axis as partners. The acquisition is expected to close by April 30th 2021. The combined entity will have enhanced scale and reach with 2020 proforma revenue and adjusted EBITDA of approx. SEK 345 million (€34,046,900) and SEK 20 million (€1,973,730) respectively. Cirio Advokatbyrå AB and DS Avvocati Santa Maria Tristano Ziccardi are legal advisers to TagMaster in connection with the acquisition. TagMaster AB (publ) (OM:TAGM B) completed the acquisition of Citilog S.A. from Axis Communications AB on April 30, 2021.