Lyckegård Group AB (publ) (OM:LYGRD) agreed to acquire ÖStorps Bevattning Ab for SEK 35 million on August 17, 2022. Current owner and Chief Executive Officer Peter Johansson continues in his role as operational manager of the business. On August 17, 2022 the Acquisition would be financed through a combination of loans and newly issued shares in Lyckegård, including a directed new share issue to the seller to offset seller's receivables of SEK 5 million. On September 19, 2022, the Company announced in the press that loan financing of SEK 12.2 million had been secured and issue of SEK 18.2 million to a few selected investors. The transaction is expected to complete on November 1, 2022.

Lyckegård Group AB (publ) (OM:LYGRD) completed the acquisition of ÖStorps Bevattning Ab on October 17, 2022.