WPTG signs Letter of Intent to acquire Nuport Sverige AB, expanding Nordic presence
Wed, Nov 13, 2024 08:00 CETReport this content
White Pearl Technology Group AB (WPTG) today announced the signing of a Letter of Intent (LOI) to acquire 100% of the shares in the Swedish consultancy firm Nuport Sverige AB (Nuport), marking a significant and strategic step in strengthening its Nordic presence. The purchase price is set at SEK 1.5M and is to be paid in WPTG shares. Parties expect to finalise the agreement within 3 weeks, and the transaction depends on successful due diligence.
Key Highlights:
- Letter of Intent signed to acquire 100% of Nuport Sverige AB
- Purchase price: SEK 1.5M to be paid in WPTG shares
- Expected revenue contribution: approximately 5% to Group revenue and earnings
- Adds 15 skilled professionals to WPTG’s Nordic operations
- Strategic expansion of WPTG’s Swedish and Nordic presence
Marco Marangoni, Group CEO of White Pearl Technology Group, commented: “As a Swedish company with a global footprint, we are deeply committed to strengthening our presence in our home base and supporting the growth of the domestic technology ecosystem. The acquisition of Nuport aligns perfectly with our vision of leveraging Sweden’s world-class digital capabilities to drive innovation and transformation for our customers worldwide.”
Mikael Gavelin, CEO of Nuport, added: “We are excited to join forces with White Pearl Technology Group, a global leader in digital transformation. By combining our Swedish heritage, deep technology knowledge, and customer-centric approach with WPTG’s international reach and resources, we can accelerate the delivery of cutting-edge solutions that empower organisations across the Nordic region.”
Transaction Details:
- Full acquisition of Nuport Sverige AB
- Purchase consideration: SEK 1.5M in WPTG shares
- Subject to completion of due diligence
- Expected to contribute approximately 5% to Group revenue and earnings
- The addition of 15 skilled professionals
This press release contains forward-looking statements that reflect the Company’s current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “target”, “aim”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.
This information is regulated information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 08:00 CET on November 13, 2024.
For further information, please contact:
Marco Marangoni, CEO of White Pearl Technology Group AB
Email: [email protected]
Phone: +598 93 370 044
IR Manager
Email: [email protected]
Phone: +46 707 340 804
The company’s Certified Adviser is Amudova AB,
email: [email protected].
About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.
About Nuport Sverige AB: Nuport is a modern, multifaceted SAP consultancy based in Sweden. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep SAP knowledge across multiple industries. Nuport supports organisations through digital transformation journeys, offering a full spectrum of SAP consulting services.