Kollect on Demand Holding AB (publ) (OM:KOLL) signed a letter of intent to acquire BIGbin for €0.48 million on August 26, 2020. Consideration is subject to due diligence and any price adjustment. The acquisition is intended to be financed by funds from a directed issue of 0.9 million units raising SEK 9 million (€0.87 million) and a bridging loan agreement of SEK 3 million (€0.29 million) with Formue Nord Fokus A/S. As of June 2020, BIGbin has revenues of €0.35 million and net profit of €0.18 million. Kollect on Demand Holding AB (publ) (OM:KOLL) completed the acquisition of BIGbin on November 9, 2020. The assets of the acquired business integrated into Kollect on Demand Holding AB operations. The acquisition gives Kollect on Demand Holding AB, 12 additional compactor bin sites. Kollect on Demand Holding AB has acquired an additional 23 compactor bins as part of the deal. Kollect also announces that Robbie Skuse Co-Founder of BIGbin, has taken up the role of Head of UK.