Brief: Addnode Buys Genus Company

Addnode AB (publ)

28/05/2025 12:46

May 28 (Reuters) - Addnode Group AB (publ) ANODb.ST:

ACQUIRES THE NO CODE -COMPANY GENUS IN NORWAY

NET SALES IN GENUS AMOUNTED TO SEK 165 MILLION IN 2024

ACQUISITION IS NOT SUBJECT TO ANY COMPLETION CONDITIONS

COMPLETION IS EXPECTED TO TAKE PLACE ON 1 JULY 2025

GENUS WILL BE CONSOLIDATED AS PART OF ADDNODE GROUP'S DIVISION PROCESS MANAGEMENT

ACQUISITION IS EXPECTED TO HAVE A POSITIVE EFFECT ON EARNINGS PER SHARE IN ADDNODE GROUP FROM DATE OF COMPLETION

PAYMENT OF PURCHASE PRICE UPON COMPLETION IS MADE IN CASH AND THROUGH A NON-CASH ISSUE OF CLASS B SHARES IN ADDNODE GROUP

Source text: ID:nMFN1FffCT

Further company coverage: [ANODb.ST]

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