Titanium Oyj (HLSE:TITAN) agreed to acquire Investium Group Oy on June 15, 2018. The purchase price will be paid mainly in Titanium's shares. In 2017, the turnover of Investium Companies amounted to approximately EUR 4.6 million and the result of the financial period to approximately EUR 0.2 million. As on July 9, 2018, Board of Directors of Titanium approved the transaction. The Board of Directors of Titanium also approved the issuance of the maximum of 1.03 million new shares, which can be used for financing the transaction. The transaction is subject to the approval of Financial Supervisory Authority and Titanium’s extraordinary general meeting. The transaction is expected to have a positive impact on Titanium 2018 revenue and is expected to have a slightly positive impact on Titanium 2018 result. Asianajotoimisto Castrén & Snellman Oy acted as legal advisor to Titanium Oyj.