Compare-IT Nordic AB (publ) (NGM:COMPIT) agreed to acquire OurLiving AB for SEK 15.4 million on October 28, 2021. To finance the Acquisition, the Board of Directors of Compare-IT has today decided on a rights issue consisting of 20,375,506 shares conditional on approval at the Extraordinary General Meeting scheduled for the 29th November 2021. SEK 2.5 million for the full year 2020/2021 for OurLiving.

The deal is subject to Compare-IT Nordic AB (publ) obtaining financing for the deal. Access to the shares in OurLiving is expected to take place in December 2021. Fredersen Advokatbyrå Ab acted as legal advisor to Compare-IT Nordic AB.