Tamtron Group Oyj (HLSE:TAMTRON) entered into an agreement to acquire Hpp Bulk Technologies Oy on February 2, 2023. Under the authorization granted by the shareholders of the Company on 3 November 2022, the Board of Directors of the Company has today decided to issue up to 845,864 new shares in the Company in order to raise a maximum of approximately €4.5 million in gross proceeds. The proceeds from the Share Issue will be used to finance the Acquisition.

The subscription period of the Share Issue begins on 9 February 2023. Jari Lauriala and Tero NummenpÃÃ of Translink Corporate Finance Oy acted as financial advisor to Tamtron Group Oyj.