XANO Industri AB (publ) (OM:XANO B) signed an agreement to acquire Blowtech Group AB and LTBP Sweden AB for approximately SEK 240 million on December 18, 2017. The purchase price amounts to SEK 238 million will be paid partly in cash and partly through the transfer of XANO Industri shares. For settlement of the equivalent of SEK 20 million of the purchase price, XANO’s Board of Directors has decided to utilize the general meeting’s authorization for acquisitions and transfers of the company’s own shares, which is valid until the 2018 Annual General Meeting. Current holdings of shares of the company amount to 0.28 million Class B shares, which is also the highest number of shares that can be transferred. The consideration is on a debt-free basis. In conjunction with the acquisition, Blowtech will become part of XANO’s Rotational Moulding business unit along with Cipax and Ackurat which will undergo a name change to Industrial Products at the end of the year 2017. Blowtech Group AB reported turnover of SEK 250 million and balance sheet total of SEK 200 million. The transaction is contingent on a confirmatory due diligence and is expected to be completed during January 2018. The acquired operations are expected to contribute annual earnings per share of SEK 1.25. XANO Industri AB (publ) (OM:XANO B) completed the acquisition of Blowtech Group AB and LTBP Sweden AB on January 2, 2018. For settlement of the equivalent of SEK 20 million of the purchase sum, 0.13 million of the XANO Industri's own Class B shares are transferred. As of January 2, 2018, the deal was completed, following a confirmatory due diligence.