Netel Holding AB (publ) (OM:NETEL) entered into agreement to acquire 100% stake in Elektrotjanst I Katrineholm Ab for SEK 97 million on January 20, 2023. The purchase price is paid in cash for an amount of SEK 70 million and through the offset issue of 303,294 shares in Netel Holding along with a cash contingent consideration of SEK 17 million. The acquired business had a turnover of approximately SEK 69 million in the fiscal year September 2021-August 2022. The company has 34 employees. Post completion of this transaction d Elektrotjänst will be part of segment Sweden, business area Power. This transaction is expected to close on February 2023.

Netel Holding AB (publ) (OM:NETEL) completed the acquisition of 100% stake in Elektrotjanst I Katrineholm Ab on February 1, 2023.