Thinc Collective AB (publ) (NGM:THINC) entered into a letter of intent to acquire a 35% stake in Safirab AB from Niklas Alm and Fredrik Sätterström for SEK 8.75 million on January 9, 2023. Payment must be made in cash and a sales charge corresponding to a total of 70% of the purchase price, and the remainder with newly issued shares in Thinc, and any additional purchase price will be paid in cash and will be based on SAFIRS's performance during the financial year 2023. Furthermore, Thinc has an option to acquire an additional 35% of the shares in Safir from the current owner until the end of 2025.

SAFIR has a turnover of just over SEK 20 million on an annual basis. The binding agreement is expected to sign no later than February 1, 2023.