Vectron Systems AG (XTRA:V3S) acquired Acardo Group AG and acardo activation gmbh for €35 million on December 30, 2022. Under the terms of agreement Vectron Systems paid a fixed purchase price of €10 million and second part of the purchase price is due in fiscal 2026 as an earn-out, the amount of which depends in particular on the average EBIT results achieved by acardo in fiscal 2024 and 2025. The major component lies in an earnings-dependent range of at least €4 million to a maximum of €25.0 million. Achieving this maximum amount requires acardo to drastically increase its average EBIT in fiscal years 2024 and 2025 compared to the planning for 2023. A further, smaller purchase price component is linked to acardo's after-tax results. The first installment is partly financed by a vendor loan and partly from Vectron's liquidity.

Thorsten Kuthe, Bodo Dehne, Dominik Eickemeier, Lutz Martin Keppeler, Meike Dresler-Lenz, Stefan Westerheide, LL.M. oec, Sarah Radon, LL.M., Christoph Hexel, Fabian Schmitz, Michael Neises and Peter M. Schäffler of Heuking Kühn Lüer Wojtek acted as legal advisor to Vectron Systems.

Vectron Systems AG (XTRA:V3S) completed the acquisition of Acardo Group AG and acardo activation gmbh on December 30, 2022. Carlsquare GmbH acted as financial advisor to Acardo Group.