Zinzino AB (publ) (OM:ZZ B) acquired Assets from Xelliss S.a. for approximately ?10 million on May 12, 2024. As consideration, Zinzino will pay a fixed purchase price of ?2 million, divided into 50% cash and 50% newly issued Zinzino shares. In addition, conditional additional purchase prices based on sales development generated by the acquired distributor organization during the period 2024?2029 will apply. The total additional purchase prices are estimated to amount to ?4 million, but could reach up to ?8 million at maximum outcome and will be regulated entirely with newly issued Zinzino shares. The cash portion of the purchase price is financed with own cash. The acquisition of assets includes Xelliss's distributor organization, distributor database and associated customer register, as well as inventory and IP rights to the product lines. The operation, which had a turnover of approximately ?8 million last year, is expected to generate strong growth through the synergies created in the joint networks.

Zinzino AB (publ) (OM:ZZ B) completed the acquisition of Assets from Xelliss S.a. for approximately ?10 million on May 12, 2024.