WISE Group AB (OM:WISE) entered into an agreement to acquire Bright Relation AB for SEK 38.8 million in cash on June 2, 2017. The acquisition includes a net cash position of approximately SEK 6 million. The consideration of SEK 38.8 million is financed through WISE's own cash and cash equivalents of SEK 18.8 million and an acquisition loan of SEK 20 million. Bright Relation reported turnover of SEK 39.5 million in 2016. Bright will be consolidated in Wise accounts from June. Per Smeds of BCMS acted as financial advisor to Bright Relation AB.