Vo2 Cap Holding AB (publ) (OM:VO2) entered into an agreement to acquire Locads AB from Mhak Sales Ab for SEK 19.2 million on April 21, 2023. The purchase price partly consists of a fixed part amounting to SEK 2 million, and part of additional purchase fees that may amount to a maximum of SEK 17.2 million. Additional purchase fees may be payable, based on Locad's turnover and EBIT results for the accounting years 2023-2026.

The board, with the support of authorization from the annual general meeting on 20 May 2022, has today decided on a targeted share issue to MHAK Sales, which is the seller of Locads, of 266,666 shares in VO2. The acquisition of Locads AB is financed through VO2's existing cash and a new issue of shares in VO2.