W5 Solutions AB (publ) (OM:W5) signed a letter of intent to acquire Kongsberg Target Systems As for NOK 44.88 million on March 15, 2023. The purchase price of an initial amount of approximately NOK 44.88 million (SEK 45.2 million) is intended to be paid partly in a cash payment of NOK 20.05 million (SEK 20.2 million) and partly in the form of 3,57,984 newly issued consideration shares in W5 Solutions equal to about NOK 24.82 million (SEK 25.0 million). The acquisition is conditional on W5 Solutions conducting satisfactory due diligence and the parties agreeing to enter into a share purchase agreement. The signature of the share purchase agreement and the completion of the acquisition is scheduled for March 31, 2023.

W5 Solutions AB (publ) (OM:W5) completed the acquisition of Kongsberg Target Systems As April 12, 2023.