Press Release

W5 Solutions enters into an agreement to acquire KT‑Shelter Oy

Published by W5 Solutions

W5 Solutions AB (publ) (“W5 Solutions” or the “Company”) has today entered into an agreement to acquire 100% of the shares in KT‐Shelter Oy (“KT‐Shelter”) (the “Acquisition”). KT‐Shelter develops and delivers mobile rapidly deployable shelters that protect helicopters, fighter aircraft, drones, and other defence equipment in extreme conditions. The initial purchase price corresponds to a valuation of EUR 22.0 million on a cash‐ and debt‐free basis. In addition, two earn‐outs may be paid, which at maximum amount to EUR 4.0 million. The initial purchase price will be financed through long‐term debt financing for which the Company has received a committed credit approval from a Nordic bank. The Company intends, however, to partially replace this financing with equity through a new share issue, with the aim of strengthening and optimizing the Company’s long‐term capital structure.