Sustainion Group AB (NGM:SUSG) acquired EWF Eco AB for SEK 25 million on February 28, 2022. The acquisition is done partly through a directed new issue of 12 million shares at the price of SEK 1.2029 and partly by cash. The purchase may be revised according to net debt of EWF as on February 28, 2022. Chief Executive Officer Per Järnebrink and Chief Financial Officer Mats Järnebrink will remain in their current roles. The EWF Eco Group has sales of approximately SEK 57 million with an adjusted EBITDA of approximately SEK 6 million and has 13 employees. The acquisition is expected to be earnings per share accretive.

Sustainion Group AB (NGM:SUSG) completed the acquisition of EWF Eco AB on February 28, 2022.