Ivisys AB (publ) (OM:IVISYS) entered into an agreement to acquire ICS Image Control Systems AB from Mikael Sjöholms and Magnus Larsson for SEK 9.1 million on April 22, 2018. IVISYS shall pay for the shares in ICS Image Control Systems AB by a targeted share issue of 1.2 million shares in IVISYS AB and a cash payment of SEK 1 million for all shares in ICS Image Control Systems AB. In addition to the cash payment, there may be paid an additional cash payment in 2019, which may amount to a maximum of SEK 2 million, if certain conditions are met. The deal is expected to be to be effective on May 28, 2018. The acquisition is expected to have positive effect. ICS Image Control Systems is expected to contribute an increase of Ivisys's turnover by about 50% in 2018 and about 100% in 2019. On May 28, 2018, the shareholders of Ivisys approved the transaction. Mikael Sjöholm will be appointed as the Chief Executive Officer of IVISYS. Sedermera Fondkommission AB acted as the financial advisor for Ivisys. Ivisys AB (publ) (OM:IVISYS) completed the acquisition of ICS Image Control Systems AB from Mikael Sjöholms and Magnus Larsson on May 28, 2018.