SJR in Scandinavia AB (publ) (OM:SJR B) agreed to acquire Women Executive Search Sweden AB from Anna Stenberg, Liv Gorosch and Nusin Cilgin for SEK 48 million on November 30, 2018. Under the terms, SJR will pay an initial consideration of SEK 8 million in cash and issue 0.2 million SJR B shares. A possible additional purchase price amounting to no more than SEK 21.6 million SEK and 185,552 SJR B shares will be paid based on operating profit for the financial years 2018-2020. Anna Stenberg sold 45%, Liv Gorosch sold 45% and Nusin Cilgin sold 10% stake in Women Executive Search. The initial cash purchase price will be financed through the SJR's available cash register. In 2017, WES's net sales amounted to SEK 21 million and earnings after financial items amounted to SEK 4.6 million. Anna Stenberg, Liv Gorosch and Nusin Cilgin will continue to work with Women Executive Search. The acquisition is conditional upon the SJR Extraordinary General Meeting on December 19, 2018 approving a rights issue of 200,000 SJR B shares. Jonatan Eriksson and David Pode of Jarl Securities acted as financial advisors for sellers. Fredrik Mörner and Therese Virgin of Delphi acted as legal advisor to SJR in Scandinavia AB. SJR in Scandinavia AB (publ) (OM:SJR B) acquired Women Executive Search Sweden AB on December 3, 2018.