JLT Mobile Computers AB (publ) (OM:JLT) signed a letter of intent to acquire ID Work on September 13, 2021. JLT Mobile Computers AB signed an agreement to acquire ID Work on December 8, 2021. JLT Mobile Computers will establish a sales office under the JLT brand in the French market. The entrepreneur will have a continued involvement in JLT. The transaction is expected to close in January 2022. As of December 9, 2021, The consideration will be determined in January 2022 based upon equity per December 31, 2021.The consideration is equity and surplus value of SEK 2 million to 3 million, partially based company growth during the next two years. SEK 1 million of the purchase price will be replaced with shares in JLT in accordance with authorization of new issues of shares by the board.

JLT Mobile Computers AB (publ) (OM:JLT) completed the acquisition of ID Work on January 11, 2022. The finalized consideration amounted to €0.21 million, equity in the acquired company with the addition of €0.1 million in cash and 1.6 million JLT shares. The price was set according to market conditions at the time of the offer to acquire the company.