Maxkompetens Sverige AB (publ) (OM:MAXK) signed an agreement to acquire Magna AB for SEK 18.6 million on May 11, 2017. SEK 9 million will be paid in cash at time of the acquisition of Magna AB. SEK 9.6 million will paid in issue for non-cash consideration. The transaction is conditioned by that Maxkompetens Sverige approves the result of the ongoing Due Diligence. The transaction is expected to close in June 2017. MoxieTech Group AB (publ) (OM:MOXI) cancelled the acquisition of Magna AB on May 11, 2018.