Momentum Group AB (publ) (OM:MMGR B) signed an agreement to acquire 80% stake in Conclean Ab from unknown sellers on July 14, 2023. Part of the purchase price, SEK 15 million is paid through transfer of repurchased B shares to the sellers. Conclean 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.

The closing is expected to take place in September. For FY 2022, Conclean had annual sales of approximately SEK 47 million and 11 employees.