Summa Linguae S.A. (WSE:SUL) signed a letter of intent to acquire Kommunicera Communications AB for SEK 17.5 million on June 22, 2018. Under the terms of the deal, Summa Linguae will pay 80% of the price on the transaction date and the remaining 20% will be payable within 12 months from the transaction date. The ultimate structure of the transaction and the price will be finally determined after Summa Linguae and its advisors conduct a due diligence process, which will be carried out within 3 months from the date of the heads of terms. Kommunicera generated revenue of SEK 42.5 million in 2017. The parties intend to conclude an agreement under which ownership of Kommunicera will be transferred to Summa Linguae within 4 months from the date of the conclusion of the heads of terms. The agreement includes a no-shop clause providing for a 4-month period from the conclusion of the heads of terms within which Summa Linguae is to execute the transaction. Summa Linguae S.A. (WSE:SUL) completed the acquisition of Kommunicera Communications AB on November 20, 2018. Transaction was financed with Summa Linguae’s own funds and new debt. Kommunicera will operate under the Summa Linguae brand. Kommunicera will change its name to Summa Linguae Technologies. Johan Laestadius and Maare Tomson Ollin will retire. Lea Backhurst was appointed as new Managing Director for Nordic operations.