Momentum Group AB (publ) (OM:MMGR B) acquired 100% stake in SWERUB AB from Thomas Nilsson on November 30, 2023. In this transaction part of the purchase price, SEK 2.5 million, will be paid through the transfer of repurchased Class B shares to the sellers. SWERUB AB generated the annual sales of approximately SEK 40 million for the year ended 2022. Swerub will continue to operate as an independent subsidiary and competence center under the current management within the Components business area (the Specialist area) in accordance with Momentum Group's philosophy of decentralized business responsibility.

Momentum Group AB (publ) (OM:MMGR B) completed the acquisition of 100% stake in SWERUB AB from Thomas Nilsson on November 30, 2023.