Triboron International AB (publ) (OM:TRIBO B) entered into a purchase agreement to acquire Elite Oil I Skandinavien Ab on April 17, 2023. The combined purchase price amounts to total of SEK 37.6 million and is paid through combination of cash and consideration shares in triboron. Main part of purchase price, SEK 27.1 million, will be will be paid in connection with closing of acquisitions, which is planned for June 2, 2023, of which SEK 19.5 million will be paid in cash and SEK 7.6 million in through consideration shares of series b in co. Remaining part of purchase price amounts to SEK 10.5 million and will be paid during first quarter of 2024 through partly in cash and partly in series b shares in co. Purchase price to be paid during first quarter of 2024 is not performance-based but constitutes deferred payment. In related transaction Triboron International AB also acquired Tekat Limited and Incendio AB. The company has received external loan financing of SEK 10 million for financing the continued operations and which can be used to finance part of the Acquisition depending on the extent to which the Cash Issue is subscribed. During the same financial year, Elite Oil had a turnover of SEK 71.706 million with an operating profit of SEK 3.534 million. The remaining part of the purchase price amounts to SEK 10.5 million and will be paid during the first quarter of 2024 through part cash compensation and part B shares in the Company. The purchase price to be paid in the first quarter of 2024 is not performance-based but constitutes a deferred payment. Andreas Börjesson, Louise Berlin, and Stefan Rakovic from Synch acted as legal advisor to Triboron International AB (publ) (OM:TRIBO B) in the deal.

Triboron International AB (publ) (OM:TRIBO B) completed the acquisition of Elite Oil I Skandinavien Ab on June 7, 2023.