Enlabs AB (publ) (OM:NLAB) acquired 66.5% stake in Shogun Group for €0.66 million on September 15, 2020. Under the terms of transaction, purchase price will be settled by issuing 0.229 million new Enlabs shares. Following acquisition, remaining 33.5% ownership is held by the Shogun founders. In addition, Enlabs will invest €1 million in cash into the Shogun business operations. Enlabs have an option to buy the remaining 33.5% of Shogun in January 2023 for a valuation of five times its net profit. Enlabs AB (publ) (OM:NLAB) completed the acquisition of 66.5% stake in Shogun Group on September 15, 2020.