Transtema Group AB (XSAT:TRANS) agreed to acquire HC Telecom AB from Hans-Christer Andersson, Chief Executive Officer, for SEK 2 million on April 22, 2016. Transtema Group AB will pay SEK 0.4 million in cash and SEK 0.8 million in newly issued shares in Transtema Group AB at the completion of the deal. The cash part is financed via own funds.

HC Telecom shall be driven under the same management and with a similar structure as before the acquisition. The additional consideration is divided 30% in cash and 70% in new issued shares in Transtema Group AB. The seller has a 36 months lock-up on obtained shares (1/3 per year) from the possession date.

The set-off issue is conditioned by that the board is given the authorization to issue shares at next ordinary general meeting. The deal is expected to close on May 27, 2016.