Björn Borg AB (publ) (OM:BORG) signed an agreement to acquire Baseline Group for €1.3 million on December 8, 2016. The acquisition is comprising of all shares and shareholders’ loans in the Baseline Group and consideration is to be paid over a three-year period. As part of the transaction Björn Borg will also take over working capital financing from local banks of up to €2.8 million. For the year ended December 2015, Baseline Group had a turnover of approximately €23.3 million with loss before interest and tax of about €0.7 million. The deal is expected to close on January 2, 2017. Joram van den Berg, Jacques Kröner, Luke van de Laar, Paul de Vries of Houthoff Buruma acted as legal advisors for Björn Borg. Björn Borg AB (publ) (OM:BORG) completed the acquisition of Baseline Group on January 2, 2017.