TextMagic AS (TLSE:MAGIC) signed an agreement to acquire Edicy Ou for €1.1 million on May 29, 2023. Total number of sellers are 16 including some of current employees. All eight of Voog's team members will retain their existing positions and Henn Runnel will continue to lead Voog.

TextMagic AS offers stock options to all of them. TextMagic AS will use the free cash flow from its business operations to finance the acquisition. The revenue of Edicy for 2022 was €0.6 million.

The transaction is expected to close on June 1, 2023.