W5 Solutions yesterday entered into an agreement to acquire all shares in Box Modul. The initial purchase price amounts to 180 million SEK on a debt-free and cash-free basis given normalized working capital, of which 100 million SEK will be paid through a directed new share issue, according to a press release from W5 on September 25.

– We are making another strategically important acquisition that ensures continued revenue and profitability growth. We are expanding our product portfolio with, among other things, mobile command centers and power supply and enhancing our ability to deliver complete turnkey solutions. It is with great pleasure that we welcome Box Modul's employees to the W5 Solutions group, says Daniel Hopstadius, CEO of W5 Solutions in the press release.

Box Modul designs, produces, and sells protection, known as shelters, to companies and organizations in areas such as defense, IT & telecom, healthcare, and energy. In the defense sector, Box Modul delivers customized blast-protected shelters designed to meet specific military standards such as advanced EMC/EMP protection, tempest, and more, the company writes.

– We have found a partner that allows us to jointly offer one of the market's strongest offerings. It feels exciting and completely right to continue the development together within the W5 Solutions group, says Peter Nordlund, CEO and owner of Box Modul, and continues:

“We complement each other very well, and our values are very similar. I am therefore confident that our joint work will be smooth and that we will quickly become part of the W5 family with a jointly accelerated growth.”

The acquisition marks an important milestone in W5 Solutions' growth strategy, which aims to diversify and strengthen the offering in defense and civil protection. The acquisition strengthens and complements several product areas within W5 Solutions, where existing products are integrated with shelters from Box Modul.

With Box Modul as part of the W5 Solutions group, W5 Solutions can offer additional innovative and customized solutions to customers. Box Modul's operations will continue to be run as a separate company under the name Box Modul, while the process to realize commercial synergies and improve scalability will begin immediately after the acquisition, writes W5.

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