Erria A/S (CPSE:ERRIA) entered into conditional agreement to acquire Mermaid Maritime Vietnam JSC on June 8, 2020. Post completion, Erria will run Mermaid as a separate business unit. Søren V. Mortensen will be appointed as General Director and Kristian Svarrer will be appointed as Director of Mermaid. The employees and other stakeholders of Mermaid will join Erria A/S. Transaction is subject to due diligence and regulatory approval. The parties expect to complete the transaction in three months time. Erria does not expect that the Mermaid acquisition will materially affect the outlook for the current year. Erria A/S (CPSE:ERRIA) completed the acquisition of Mermaid Maritime Vietnam JSC on December 29, 2021.