CDON AB (OM:CDON) acquired 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately €0.18 million on December 29, 2021. In a related transaction, CDON AB (OM:CDON) acquired 56% stake in Xales Tech Lab Oy from Ostro 17 Oy and Virta Growth Partners Oy for approximately €0.4 million on December 29, 2021. The purchase price for the shares in Commerce8 comprises an upfront cash payment amounting to approximately €0.18 million and an additional conditional deferred payment component, linked to Commerce8’s EBIT for the financial years 2022 and 2023. CDON has been granted a call option to acquire the remaining shares from two remaining minority shareholders at a pre-determined EBIT-linked multiple in approximately 3.5 years. CDON AB (OM:CDON) completed the acquisition of 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately €0.18 million on December 29, 2021.