Norbit ASA (OB:NORBT) agreed to acquire Innomar Technologie GmbH for ?39.9 million on June 27, 2024. The expected completion of the transaction is July 1, 2024 to July 31, 2024. The transaction is subject to a limited number of customary closing conditions. Wikborg Rein Advokatfirma As acted as legal advisor for Norbit ASA. Weisner Partner mbB acted as legal advisor for Norbit ASA.

Norbit ASA (OB:NORBT) completed the acquisition of Innomar Technologie GmbH for ?39.6 million on July 1, 2024. The transaction has today successfully closed, and the ?34.9 million cash portion of the purchase price has been settled. The remaining ?4.8 million was settled by the board of directors of NORBIT resolving to issue a total 726,272 consideration shares to the founding management of Innomar at a per share subscription price equal to the subscription price in the private placement completed on 2 July 2024 (NOK 77 per share). A lock-up period of 24 months for the founding management of Innomar will commence today.