Nordic Propeye AB signed an agreement acquire Ngenic Sverige Ab from Ngenic AB (publ) (OM:NGENIC) for SEK 14 million on March 28, 2024. The transaction also includes operations in Poland, which is a wholly owned subsidiary of Ngenic Sverige AB. The transaction is a cash transaction of SEK 12-14 million, depending on the allocation of costs, and is based on a debt-free basis.

As of 2023, Ngenic Sverige reported a turnover of SEK 14 million. The transaction and the final agreement are expected to be completed in Q2 2024.