Infestos Sustainability B.V. made an offer to acquire Neways Electronics International N.V. (ENXTAM:NEWAY) for approximately ?180 million on June 24, 2021. The Merger Agreement by Infestos on account of, amongst others, a material breach of the Merger Agreement by Neways or in case the Merger Agreement is terminated by either Infestos or Neways pursuant to a Superior Offer that is not matched by Infestos,Neways will forfeit a ?2.25 million termination fee and vice versa. Neways? existing Management Board will continue to lead the Company and the existing members of the Supervisory Board will remain in place. Infestos has committed financing in place to finance the Offer, the share sale and the Squeeze-Out and represents and warrants to Neways that, pursuant to such financing, it has sufficient funds available to comply with the requirement. If Infestos acquires at least 95% of the Shares, it is intended that Neways? listing on Euronext Amsterdam will be terminated as soon as possible. In that case, Infestos will start statutory squeeze-out proceedings to obtain 100% of the Shares as soon as possible. The board of Neways Electronics International unanimously approve the deal. The offer is subject to certain customary conditions, including acquiring at least 60% of the outstanding shares of Neways. As of October 19, 2021, no concrete resolution was taken at the shareholders meeting of Neways. The transaction is expected to complete in the second half of 2021. The transaction is expected to complete on October 27, 2021. As of October 27, 2021, total 77.8% stake were tendered that makes total holding to 86.22% and hence minimum tender condition was satisfied. Infestos will announce whether it declares the Offer unconditional no later than November 1, 2021. ABN AMRO Bank N.V. (ENXTAM:ABN) acted as financial advisor and fairness opinion provider and Lennart Crain of AKD N.V. acted as legal advisor to Neways Electronics International. Christiaan de Brauw of Allen & Overy Amsterdam acted as legal advisor to Infestos Sustainability B.V. AXECO Corporate Finance BV acted as financial advisor to the Supervisory Board of Neways. Infestos Sustainability B.V. completed the acquisition of Neways Electronics International N.V. (ENXTAM:NEWAY) on November 17, 2021. Infestos reserves the right to implement Squeeze-Out proceedings.