Kakel Max Holding Ab entered into an agreement to acquire Empire AB (publ) (OM:EMP B) in a reverse merger transaction on January 25, 2017. Empire AB will acquire Kakel Max Holding AB in its entirety via non-cash issue for a total of SEK 50 million. After the issuance of non-cash issue and new issue, Kakel Max Holding's shareholders will own 92% stake in Empire. Post-completion, Empire AB (publ) will change its name to Kakel Max AB (publ) and Kakel Max Holding will start new listing process on Nasdaq First North.