Netmore Group’s Mandatory Takeover Bid From Buildroid Invest AB

Cirio advised Netmore Group on the deal.

Buildroid Invest AB, the major shareholder in Netmore Group AB (publ), has launched a mandatory takeover bid in cash to the shareholders and convertible holders of Netmore Group, listed on Nasdaq First North Growth Market.

The offer for the shares and convertibles in Netmore Group totals approximately SEK 150.1 million.

Netmore is an IoT operator that enables comprehensive & dedicated solutions for cities, industries & properties. Together with our partners, we build secure, reliable, and sustainable communication networks and develop an ecosystem for the Internet of Things, locally, nationally and globally.

The Cirio team was headed by Annika Andersson (Picture – Capital Markets and Public M&A) together with Oscar Lunde, Jesper M Johansson and Louise Åberg (Capital Markets and Public M&A).

Involved fees earner: Louise Åberg – Cirio Law Firm; Annika Andersson – Cirio Law Firm; Jesper Johansson – Cirio Law Firm; Oscar Lunde – Cirio Law Firm;

Law Firms: Cirio Law Firm;

Clients: Netmore Group AB;

Author: Federica Tiefenthaler