Loihde Oyj (HLSE:LOIHDE) agreed to acquire Onrego Oy from Roaring Aspen Hill Oy for 4.9 million on November 1, 2022. Under the terms, 4.3 million will be paid in cash. In addition, the parties have agreed on a reinvestment by Roaring Aspen Hill of 0.6 million.
A directed share issue against payment to Roaring Aspen Hill, in which a maximum of 50,000 new shares in Loihde may be issued at 11.99 per share. For the year ended December 2021, Revenue was 7.1 million and EBITDA was 0.5 million. The planned implementation date of the acquisition is December 1, 2022.