Awardit AB (publ) has signed an agreement regarding the acquisition of Retain 24 AB

6/11/2019

Awardit and the owners of Retain 24 AB (Retain24) have today signed a term sheet covering the acquisition of 100 percent of the shares in Retain24 by Awardit. The agreed purchase price is SEK 42 million, of which half will be paid in newly issued Awardit shares and half in cash. Before completion, Retain24 will distribute excess liquidity and forfeit the right to receive an additional purchase price resulting from a previously sold subsidiary.