Polygiene AB (publ.) (OM:POLYG) entered into a conditional agreement to acquire Addmaster (UK) Limited for £33.4 million on December 10, 2020. As per the terms of the consideration, £22 million (approximately SEK 249 million) shall be paid in cash and is intended to be obtained through the directed issue and the remaining £11 million (approximately SEK 125 million) shall be paid through the issue of 4.6 million new shares in Polygiene. The cash payment is intended to be financed through a directed cash new issue in Polygiene, which Polygiene intends to carry out following an accelerated book-building process. Polygiene carrying out a directed cash new issue of at least £24.7 million (SEK 280 million) to finance the cash part of the purchase price, transaction costs and working capital requirements. In September 2020, Addmaster reported a total revenues of £4.7 million (approximately SEK 54 million) and EBITDA of £2.4 million (approximately SEK 27.6 million). Paul Morris, founder of Addmaster, and Sandrine Garnier, Managing Director in Addmaster, will continue to be active in Addmaster following the acquisition. The completion of the transaction is, in addition to customary contract terms, conditional on Polygiene carrying out a directed cash new issue which is subject to the approval of the shareholders of Polygiene along with the issue of the consideration shares. The transaction is expected to close around January 11, 2021. Ernst & Young Global Limited, Corporate Finance acted as financial advisor to Polygiene AB (publ.) Polygiene AB (publ.) (OM:POLYG) completed the acquisition of Addmaster (UK) Limited on January 8, 2021.