Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter




StrongPoint ASA: Acquisition of Brand ID Hamari Group Oy completed

19:06 / 31 October 2023 StrongPoint Press release

31.10.2023 19:06:12 CET | StrongPoint | Non-regulatory press releases

Reference is made to the stock exchange notice of 3 July 2023 regarding
StrongPoint ASA's ("StrongPoint") planned acquisition of 100% of the shares in
Brand ID Hamari Group Oy ("Hamari"). The acquisition has been successfully
completed today.

Hamari is a retail technology solutions company based in Finland and was
established in 2006. Hamari provides services and installation to retailers and
grocery retailers, predominantly electronic shelf labels from Pricer AB.

The estimated purchase price is EUR 300,000, with potential customary closing
balance sheet adjustments. The purchase price has been settled 47% in cash and
53% in shares in StrongPoint ("Consideration Shares"), with a possible extra
earn-out of up to EUR 150,000 based on conditions related to financial
performance for the fiscal years 2023 and 2024. The Consideration Shares are
funded by treasury shares and are subject to a two-year lock-up period from

For further information, please contact:

Jacob Tveraabak, CEO StrongPoint ASA, +47 908 21 370,

Marius Drefvelin, CFO StrongPoint ASA, +47 958 956 90,

About StrongPoint

StrongPoint is a grocery retail technology company that provides solutions to
make shops smarter, shopping experiences better, and online grocery shopping
more efficient. With over 500 employees in Norway, Sweden, the Baltics, Spain,
the UK and Ireland, StrongPoint supports grocery and retail businesses in more
than 20 countries. StrongPoint is headquartered in Norway and listed on the Oslo
Stock Exchange with a revenue of approximately 1.4bn NOK [ticker: STRO].

About Brand ID Hamari Group

Hamari Group was founded in 2006 and is a reseller of Pricer, Whywaste and
Strongbyte Solutions Ltd (VoCoVo) solutions in Finland. The company has 6
employees and the annual revenue in 2022 was EUR1.5 million.


Download announcement as PDF.pdf -
Oslo Børs

This information was distributed by Oslo Børs