Gofore Oyj (HLSE:GOFORE) signed the share purchase agreement to acquire Creanex Oy from group of shareholders for €6.6 million on July 3, 2023. The purchase price of the entire share capital of Creanex Ltd is approximately €6.6 million. It consists of the debt-free enterprise value of €5.0 million, and a compensation for net cash and working capital adjustment. Of the share purchase price, 30% is paid in share consideration and 70% in cash compensation to six sellers. By the share issue authorization granted by the Annual General Meeting on March 24, 2023, Gofore’s Board of Directors has on June 27, 2023 decided to carry out a directed share issue as part of purchase price payment to the sellers of Creanex shares, should the share purchase agreement be signed. In the directed share issue, a total of 77,646 Gofore shares were subscribed at a subscription price of 25.51 euros per share. Individuals who are both sellers and operationally involved will continue in their current positions: Markku Pusenius as Managing Director, Harri Niemi as Head of Mechanical Design and Timo Mustonen as Chief Technology Officer. Creanex continues as an independent company, integrating to Gofore’s Intelligent Industry sector.

Gofore Oyj (HLSE:GOFORE) completed the acquisition of Creanex Oy from group of shareholders on July 3, 2023.