Netel Holding AB (publ) (OM:NETEL) agreed to acquire JR Markteknik AB/Täby Maskin & Uthyrning AB on December 16, 2021. The initial purchase consideration for 100% of the shares on a debt-free basis amounts to SEK 113 million. Furthermore, the seller may, under certain circumstances, receive a cash earnout. The initial purchase consideration will partly be financed through payment with a promissory note amounting to SEK 30 million, which is then intended to be offset against 637,852 shares in Netel. JR will continue to operate as it did previously. In 2020, JR generated sales of approximately SEK 199 million, EBITDA of SEK 25 million and EBITA of SEK 23 million. The acquisition is expected to be completed in early January 2022. Evli Corporate Finance served as financial advisor and EY Law as legal advisor to Netel in connection with the acquisition.

Netel Holding AB (publ) (OM:NETEL) completed the acquisition of JR Markteknik AB/Täby Maskin & Uthyrning AB on January 3, 2022.