Absolent Group AB (publ) (OM:ABSO) acquired Tessu Systems B.V. for €11.3 million on January 8, 2021. The consideration is paid on cash and debt free basis. Further, there is an earn out of maximum €6 million directly linked to the EBIT level performed over the next 24-months. Tessu Systems B.V. will immediately be consolidated into Absolent Group AB. Tessu Systems B.V team will be joining Absolent Group AB. The acquisition is financed by cash. The acquisition is expected to have a positive impact on earnings per share for 2021. Erik Penser Bank AB acted as financial advisor to Absolent Group AB. Absolent Group AB (publ) (OM:ABSO) completed the acquisition of Tessu Systems B.V. on January 8, 2021.