Götenehus Group AB (publ) (OM:GHUS B) acquired Swebostad AB for SEK 20.3 million on February 19, 2019. Under the terms, Götenehus will pay SEK 10.3 million upfront and an additional purchase price of up to SEK 10 million. The additional price paid would be dependent on the number of deliveries on a number of identified projects in the coming years. Götenehus will continue to operate Swebostad as its own brand. Administrative activities of Swebostad will be coordinated with Götenehus's operations. Götenehus will also produce Swebostad's future projects. Swebostad generates a turnover of approximately SEK 70 million annually. After the acquisition Andreas Gustafsson will remain as Chief Executive Officer of Swebostad AB. In addition, he will also be directly involved with Götenehus Chief Executive Officer, being a resource in various management issues and being part of the Group's management team. Götenehus Group AB (publ) (OM:GHUS B) completed the acquisition of Swebostad AB on February 19, 2019.