AQUA BIO TECHNOLOGY ASA Aqua Bio Technology ASA (OB:ABTEC) entered into an agreement to acquire Printprofil As and Check Please As from Coc Invest AS on April 25, 2024. Pursuant to the Agreement, Aqua Bio Technology also agreed to acquire 3d Innovation Nordic As from Coc Invest AS. The combined consideration for both the transactions is NOK 40.4 million.
As part of the consideration, NOK 25.40 million will be paid through the issue of 5 million shares in Aqua Bio, NOK 5 million in cash and NOK 10 million in earnout related payments. As of 2023, Printprofil As and Check Please As reported a turnover of NOK 7 million and NOK 7.6 million respectively. The completion of the Acquisitions is subject to satisfactory due diligence and approval from ABT's board of directors.
