BEWi ASA (OB:BEWI) signed an agreement to acquire Assets of Philippine Gmbh & Co Technische Kunststoffe Kg on July 11, 2024. The agreement includes acquisition of equipment from two facilities, inventory, customer stock, and personnel, in addition to IPR and certificates. The conclusion of the agreement is subject to certain conditions precedent and final approvals and approval of bankruptcy court.

The transaction is expected to close in the third quarter of 2024.