SolTech Energy Sweden AB (publ) (OM:SOLT) agreed to acquire 70% stake in Fasadsystem I Stenkullen Ab for SEK 28 million on April 23, 2020. Under the terms of consideration, acquisition will be paid with new issued shares of SolTech Energy Sweden with value of SEK 7 million (25% of purchase price) and total value of acquisition for 70% shares amount to SEK 28 million. Acquisition is paid with cash portion of SEK 13.7 million initially. For the 2019 financial year, Fasadsystem i Stenkullen AB had a turnover of approx. SEK 82 million, with profits of approx. SEK 8.1 million. The deal is expected to be completed by May 4, 2020. Petter Kjöllerström of Advokatfirma DLA Piper Sweden KB acted as legal advisor for Soltech Energy Sweden AB (publ) on the acquisition of Fasadsystem i Stenkullen AB.