Lammhults Design Group AB (publ) (OM:LAMM B) acquired Ragnars Inredningar AB from Johan Ragnar for SEK 65 million on May 26, 2016. As part of consideration, Lammhults Design will pay SEK 50 million with potential additional consideration of up to SEK 15 million within 3 years. In addition, Lammhults Design takes over Ragnars Inredningar's net cash of SEK 10.4 million. For the year ended on March 31, 2016, Ragnars Inredningar AB had revenues of about SEK 77 million with operating profit of SEK 9 million. The management team, including Johan Ragnar, Managing Director of Ragnars Inredningar will remain with the company and Ragnars will continue to be an independent company and brand. The transaction will result in a positive effect on earnings per share already during 2016. Lars Kongstad, Isabel Lindeberg, Gustav Carlquist, Martin Andersén and Martin Johansson of Mannheimer Swartling Advokatbyrå AB acted as legal advisor for Lammhults Design. Lammhults Design Group AB (publ) (OM:LAMM B) completed the acquisition of Ragnars Inredningar AB from Johan Ragnar on May 26, 2016.