Mercell Holding ASA (OB:MRCEL) signed an agreement to acquire Cloudia OY for approximately €100 million on June 1, 2021. As per the transaction, Mercell Holding ASA will pay for approximately €100 million on a cash and debt free basis from which €89.6 million will be paid in cash on closing, reflecting a net debt adjustment of €2.9 million, and the remaining €10 million will be paid in Mercell Holding ASA shares during 2022 subject to satisfaction of retention and performance targets. Transaction will be financed from Parts of the proceeds from the Private Placement of NOK 400 million (€39.3 million) and tap issue of NOK 2,000 million (€196.7 million) of the existing bond issue. As on December 31, 2020, Cloudia OY generated revenues of €9.2 million. As a part of the transaction, Cloudia OY's team will join Mercell Holding ASA. The transaction is expected to complete during June 2021.

Mercell Holding ASA (OB:MRCEL) completed the acquisition of Cloudia OY on June 8, 2021. Alexander S. Lund and Amund Erdal of CLP, Advokatfirmaet acted as legal advisor to Mercell Holding ASA (OB:MRCEL). Mika Lelikakis and Tom Nyman of KPMG Oy Ab, Investment Banking Arm acted as financial advisors to Cloudia OY.