Vimab Group AB (publ) (OM:VIMAB) signed a letter of intent to acquire 100% stake in Aoo Cnc Ab for SEK 23.3 million on December 5, 2022. As a part of tis transaction the initially Vimab Group will pay SEK 16.3 million which includes cash payment of SEK 9.3 million and SEK 7.0 million worth shares of Vimab Group. Remaining consideration will includes two additional buy-ins can be paid out based on the targets achieve pre-determined targets as per the agreement.

Two potential additional purchase prices amount to a maximum of SEK 3.0 million for the next twelve months after the acquisition and SEK 4.0 million for the twelve subsequent months. As of the May 31, 2022 is having AoO CNC operating income approximately SEK 16.4 million and an adjusted EBITDA of approximately SEK 5.0 million. This acquisition will show the positive impact on the per share of the VIMAB Group during the business year 2023.

This transaction is expected to close on Q1 of 2023. Mangold Fondkommission AB acted as financial advisor to Vimab Group AB.