Empir Group AB (OM:EMPIR B) agreed to acquire Generic Systems Sweden AB from Generic Sweden AB (OM:GENI) for SEK 11.5 million on May 17, 2017. Under the terms of transaction, Empir Group acquired shares in Generic Systems Sweden through a cash consideration of SEK 6 million and partly by a new issue of 2.5 million series B shares in the MSC Group. MSC Group will carry out a share issue to finance part of the acquisition. After the acquisition, Generic Systems Sweden AB will continue operating as an independent Company under the current management. Jesper Ottergren and Erik Sjöman of Advokatfirman Vinge KB acted as legal advisors for Generic Sweden AB.

Empir Group AB (OM:EMPIR B) completed the acquisition of Generic Systems Sweden AB from Generic Sweden AB (OM:GENI) on June 21, 2017.