Lemonsoft Oyj (HLSE:LEMON) agreed to acquire Atmotics Oy for ?3.5 million on June 17, 2024. The purchase price for the share capital of Atmotics Oy is ?2.2 million and the net debt-free enterprise value is ?2.0 million. The purchase price will be paid fully in cash at closing and will be financed with a bank loan.

In addition, the parties have agreed on an additional purchase price for 2025-2027. The additional purchase price amounts to a maximum of ?1.25 million, and if realized, will be paid fully in cash. For the period ending December 31, 2023, Atmotics Oy reported total revenue of ?0.7 million and EBIT of ?0.05 million.

The current management and shareholders Harri Wahlroos and Lauri Kelahaara will continue to work for Atmotics, and Harri Wahlroos will continue as CEO. The expected completion of the transaction is July 1, 2024. Aktia Alexander Corporate Finance Oy acted as financial advisor for Lemonsoft Oyj.