Inin Group AS (OB:ININ) signed the share purchase agreement to acquire Skyttermoen Anlegg As for NOK 83 million on June 27, 2024. As part of the acquisition, Inin Group will acquire a 100% stake in Skyttermoen Anlegg. The total consideration of NOK 83 million will be settled through NOK 49.8 million or 60% of the total consideration in cash, of which NOK 24.9 million will be settled at closing of the transaction and NOK 24.9 million will be paid in the form of earn out, if Skyttermoen Anlegg achieved a guaranteed EBIT of NOK 16 million in 2024, NOK 16.6 million or 20% of the total consideration will be in the form of issue of shares by Inin Group AS and NOK 16.6 million or 20% of the total consideration in shares in Inin Power AS, a holding company of Inin Group AS.

For the period ending December 31, 2023, Skyttermoen Anlegg As reported total revenue of NOK 69 million and EBIT of NOK 15 million. The transaction is expected to be completed in the third quarter of 2024.