Atvexa AB (publ) Atvexa has signed an agreement to acquire 100 percent of the shares in ULNA AS

Sellers are the owners and founders of the preschool group ULNA, with operations in Norway, Sweden and Germany.

The purchase price on a cash-free and debt-free basis (eng. enterprise value) amounts to 220.2 MNOK (equivalent to approximately SEK 233.4 million). Including net cash, the purchase price amounts to SEK 225.9 mNOK (equivalent to approximately SEK 239.4 million). In addition, there is a possible additional consideration of approximately 34.9 MNOK, which will be paid until March 2021 at the earliest. The additional purchase price is mainly dependent on turnover growth in two new preschools and on developments in German operations.

ULNA, which was founded in 2008, operates 20 preschools in southern and eastern Norway, ten kindergartens in western Sweden and two preschools in the Stockholm area and three preschools in northern Germany. The ULNA Group offers a variety of pre-school concepts, including focusing on outdoor activities, sports, languages and Montessori. In total, the activities include 2,130 children and 484 annual employees, including 1,060 children and 244 employees in Norway, 785 children and 150 employees in Sweden, as well as 285 children and 90 employees in Germany. The activities, which are Atvexa's 18th brand acquisition since its inception in 2009, will continue under the ULNA brand.

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