Vimab Group AB (publ) (OM:VIMAB) entered into a letter of intent to acquire Sweden Construction And Services Ab for SEK 35 million March 26, 2024. Net sales for the preliminary fiscal year 2023 amounted to approximately SEK 24.5 million with an adjusted EBIT of approximately SEK 6.3 million, which corresponds to an adjusted EBIT margin of approximately 25.9 percent. The transaction is intended to take place for a total purchase price of a maximum of SEK 35.0 million.

The initial purchase price is intended to amount to SEK 30.0 million, divided between a cash payment of SEK 15.0 million and shares in Vimab Group to a value of SEK 15.0 million. The subscription price for the consideration shares must correspond to the volume-weighted average price of Vimab Group's share on the Nasdaq First North Growth Market during the ten trading days immediately preceding the conclusion of the share transfer agreement. Furthermore, two additional purchase price can be paid, provided that the Company achieves pre-established targets for the 24 months immediately following the acquisition.

The potential additional purchase price amounts to a maximum of SEK 5.0 million in cash payments. The transaction is conditional on Vimab Group's due diligence and the parties agreeing to enter into a share transfer agreement. Signing of the share transfer agreement and access is planned for June 2024.

Mangold Fondkommission AB acts as financial advisor to Vimab Group in connection with the acquisition.