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.