Lemonsoft Oyj (HLSE:LEMON) agreed to acquire Finvoicer Group Oy for €9.5 million on June 1, 2023. The purchase price for the share capital of Finvoicer Group Oy is €6.2 million. 97% of the purchase price is paid in cash and 3% in shares at closing.

In addition, the parties have agreed on an additional purchase price based on Finvoicer's financial results for 2023-2025. The additional purchase price amounts to a maximum of €3.3 million and will be paid primarily in cash. As part of the acquisition, Lemonsoft will issue 23,986 new shares.

The acquisition is partially financed with a loan of €6.8 million. The current management and shareholders Tuomas Koivisto and Juha Juntikka will continue to work for Finvoicer, and Tuomas Koivisto will continue as Chief Executive Officer of Finvoicer Group. The transaction is expected to complete in June 2023.