NaaS Technology Inc. (NasdaqCM:NAAS) entered into a definitive agreement to acquire Charge Amps AB (publ) for an equity value of approximately SEK 720 million on August 22, 2023. The consideration will be a combination of cash and newly issued Class A ordinary shares of the NaaS. The Buyer hereby warrants that it has obtained or will have obtained by the time of Closing the necessary financing for the acquisition of the Shares and its obligations under this Agreement. Charge Amps brand and team will become part of the NaaS. The acquisition is subject to customary closing conditions.

Houlihan Lokey acted as financial advisor to NaaS and ABG Sundal Collier acted as financial advisor to Charge Amps in connection with the transaction. John Gustafson, Linnea Back and Joakim Falkner of Baker McKenzie acted as legal advisor to shareholders of Charge Amps AB. Marianne Ramel of Advokatfirma DLA Piper Sweden KB acted as legal advisor to NaaS Technology.

NaaS Technology Inc. (NasdaqCM:NAAS) cancelled the acquisition of Charge Amps AB (publ) on November 22, 2023.