Netum Group Oyj (HLSE:NETUM) entered into an agreement to acquire Studyo Oy on December 29, 2022. The purchase price consists of a cash payment, Netum shares, and separately paid net cash. Furthermore, a possible additional purchase price has been agreed upon, which is tied to Studyo's business development in 2023-2024. Studyo continues to operate as a subsidiary of Netum Group Plc. Studyo reported turnover of approximately €1.3 million and EBITDA of approximately €0.1 million in the financial period ending December 31, 2021. The transaction is expected to close on January 02, 2023.

Netum Group Oyj (HLSE:NETUM) completed the acquisition of Studyo Oy on January 2, 2023.