Digitalist Group strengthens its Finnish subsidiary through an acquisition
23 Februar 2023 - 8:30AM
Digitalist Group strengthens its Finnish subsidiary through an
acquisition
Digitalist Group Plc Stock Exchange Release
February 23rd, 2023 at 9:30
Digitalist Group strengthens its Finnish subsidiary
through an acquisition
Digitalist Group Plc (“Digitalist Group”) and
its fully-owned subsidiary Digitalist Finland Oy have signed a
final agreement on a transaction (“Transaction”) in which
Digitalist Finland Oy acquires Walker & Handson Oy (“W&H”)
to strengthen the management and tech & design business in
Digitalist Finland Oy. Digitalist Group informed about the letter
of intent on the matter on 28.1.2023.
In the Transaction Digitalist Finland Oy
acquires 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. With the
Transaction the owner of W&H Jussi Hermunen has been nominated
as the Managing Director of Digitalist Finland Oy as of 1.2.2023.
Mr Jussi Hermunen brings 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. The agreement
contains typical good leaver/bad leaver clauses as well as share
redemption clauses for Jussi Hermunen.
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 net result. W&H has 3 employees including the owner,
Jussi Hermunen.
The Transaction strengthens the management and
business performance of Digitalist Finland Oy under the leadership
of Jussi Hermunen, and brings W&H’s growing number of potential
customers to Digitalist Finland Oy. The Transaction is believed to
significantly improve Digitalist Finland Oy’s future growth
opportunities in Finland. In 2023, the Transaction is estimated to
bring a direct increase in turnover of approximately EUR 0,3
million to the Group. The main part of the calculated purchase
price of EUR 0,9 million is goodwill, which is recorded in the
Group’s balance sheet.
DIGITALIST GROUP PLC
For more information, please contact:
Digitalist Group PlcMagnus Leijonborg, CEO tel.
+46 76 315 8422, magnus.leijonborg@digitalistgroup.com
Esa Matikainen, Chairman of the Boardtel. +358 40 5060080,
esa.matikainen@digitalistgroup.com
Distribution: Nasdaq Helsinki LtdMain
mediahttps://digitalist.global
- Digitalist Group Plc_Transaction_EN_20230223.docx
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