Vitec Software Group AB (publ) entered into an agreement to acquire Neagen Oy on June 13, 2023. Payment will be in cash and with a convertible, with deviation from shareholders' preferential rights in accordance with the authorization from the Annual General Meeting on April 25, 2023. The acquisition is subject to the Finnish Ministry of Economic Affairs and Employment under the Act on the Monitoring of Foreign Corporate Acquisitions in Finland. As of year ended 2022, Neagen Oy reported revenue of ?5 million. Rabbe Sittnikow from Hannes Snellman Attorneys Ltd. acted as legal advisors to Vitec Software Group AB (publ) (OM:VIT B). IMAP Finland (Carner Corporate Finance) acted as financial advisor to Vitec throughout the process.

Vitec Software Group AB (publ) completed the acquisition of Neagen Oy on September 14, 2023.