VIMAB Group AB (publ) (“VIMAB Group” or the “Company”) has entered into a share transfer agreement with the owners of AoO CNC AB (“AoO CNC”) regarding the acquisition of all shares in AoO CNC in accordance with the letter of intent communicated by press release on December 5, 2022. The acquisition of AoO CNC is conditional on the general meeting at the extraordinary general meeting on March 1, 2023 deciding on a set-off issue addressed to the owners of AoO CNC according to the board’s proposal. A notice to an extraordinary general meeting of VIMAB Group is expected to be published within the next few days. Access to the shares in AoO CNC is expected to take place in connection with the general meeting’s decision on the offsetting issue.
VIMAB Group’s CEO, Peter Fredell, comments on the acquisition:
We welcome AoO CnC to the VIMAB Group!
We have been impressed by their manufacturing and by the high technology they use when manufacturing metal parts in an extremely precision demanding environment. We are now starting work on utilizing the synergies that VIMAB Group and AoO CNC have, where we can now broaden our offer to our customers within the environmental and industrial service sector where we operate.
VIMAB Group will now continue its strategy to, through the acquisition of companies with industrial synergies, greatly grow our business under increasingly strong profitability.
