InfraCom Group AB (publ) (NGM:INFRA) acquired System Technologies AB for SEK 35 million on July 1, 2022. The purchase price amounts to a maximum of SEK 35 million, of which SEK 16.3 million has been paid in cash. Furthermore, SEK 8.7 million has been paid through a non-cash issue of 385,232 shares in InfraCom Group AB (publ) at a price of SEK 22.48 (price per share corresponds to the average volume-weighted trading price during the period 25 / 5-2022 to 23/6 2022) . The remaining part, a maximum of SEK 10 million, will be paid by cash payment and is partly conditional on budget fulfillment for the period 2023-2025 and half on new sales of InfraCom's existing services during the same period.

InfraCom Group AB (publ) (NGM:INFRA) completed the acquisition of System Technologies AB on July 1, 2022. SysTech had sales of approximately SEK 54 million during the financial year 2021 with an EBITDA of approximately SEK 10.1 million. IMAP acted as financial advisor for System Technologies.