Inside information: Digitalist Group’s subsidiary Digitalist Finland Oy has signed a term sheet for acquiring Walker & Handson Oy
28 Januar 2023 - 1:00PM
Inside information: Digitalist Group’s subsidiary Digitalist
Finland Oy has signed a term sheet for acquiring Walker &
Handson Oy
Digitalist Group Plc Inside information January
28nd, 2023 at 14:00
Inside information:
Digitalist Group’s subsidiary Digitalist Finland Oy has
signed a term sheet for acquiring Walker & Handson
Oy
Digitalist Group Plc (“Digitalist Group”) and
its fully-owned subsidiary Digitalist Finland Oy have signed a term
sheet (“LOI”) to an agreement (“Transaction”) in which Digitalist
Finland Oy would acquire Walker & Handson Oy (“W&H”) to
strengthen the management and tech & design business in
Digitalist Finland Oy.
In the intended Transaction Digitalist Finland
Oy would acquire all shares in W&H through share exchange by
issuing new Digitalist Finland Oy’s shares in a direct share issue
to W&H representing approximately 10% of all shares in
Digitalist Finland Oy after completion of the Transaction. The
owner of W&H Jussi Hermunen will at the same time take over the
position of Managing Director of Digitalist Finland Oy. Mr Jussi
Hermunen would bring in solid experience of leading teams and
businesses within design & technology consulting, with most
recent employments as Head of EY Doberman Finland, as Leader of
Wavespace Nordics and as Head of Studio at Idean.
W&H is an emerging Finnish CX Design company
that has since Q4 2022 started to build their business within CX
Design and is currently working together with Digitalist Group
companies in selected customer projects. The turnover of the
W&H on financial year 2022 was approximately EUR 83k with a
positive EBITDA. W&H has 3 employees including the owner, Jussi
Hermunen.
The intended transaction would strengthen the
management of Digitalist Finland Oy and would improve its
performance under a new leadership of Jussi Hermunen, as well as
adding the growing customer prospect list of W&H into
Digitalist Finland Oy.
The Transaction is conditional for customary due
diligence process and approval of final terms and conditions in the
Transaction documentations. The target is to sign the final
Transaction documents by the end of February 2023 at the
latest.
The more precise terms and conditions and
details of the Transaction, as well as the effects on Digitalist
Group's financial position, will be disclosed separately after the
Transaction has been completed and the final terms and conditions
have been confirmed.
DIGITALIST GROUP PLC
For more information, please contact:
Digitalist Group PlcMagnus Leijonborg, CEO tel.
+46 76 315 8422, magnus.leijonborg@digitalistgroup.com
Distribution: Nasdaq Helsinki LtdMain
mediahttps://digitalist.global
- Digitalist Group Plc_Acquisition_EN_20230128
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