Digitalist Group’s subsidiary Digitalist Finland Oy has signed a general agreement for the purchase of Walker & Handson Oy
Digitalist Group Oyj Insider information 28 January 2023 at 14:00
Insider information: Digitalist Group’s subsidiary Digitalist Finland Oy has signed a general agreement for the purchase of Walker & Handson Oy
Digitalist Group Oyj (“Digitalist Group”) and its wholly-owned subsidiary Digitalist Finland Oy have signed the terms and conditions (“LOI”) of the agreement (“Deal”) in which Digitalist Finland Oy acquires Walker & Handson Oy (“W&H”). ”) to strengthen Digitalist Finland Oy’s management and technology and design business.
In the planned Transaction, Digitalist Finland Oy would acquire all of W&H’s shares through a share exchange by issuing new Digitalist Finland Oy shares through a direct share issue to W&H, which represents approximately 10% of all Digitalist Finland Oy’s shares after the transaction is completed. At the same time, W&H owner Jussi Hermunen will take over as CEO of Digitalist Finland Oy. Jussi Hermunen would bring with him solid experience in design and technology consulting managers and companies, most recently as director of EY Doberman Finland, director of Wavespace Nordics and studio director at Idean.
W&H is an emerging Finnish CX Design company that has started building its business in CX Design since the last quarter of 2022 and is currently working together with Digitalist Group companies on selected customer projects. W&H’s turnover in the fiscal year 2022 was around 83,000 euros and the EBITDA was positive. W&H has 3 employees, including the owner Jussi Hermunen.
The planned transaction would strengthen Digitalist Finland Oy’s management and improve its performance under Jussi Hermusen’s new management, as well as add W&H’s growing customer potential to Digitalist Finland Oy.
The condition of the deal is the usual due diligence process and acceptance of the final terms in the Transaction Documentation. The goal is to sign the final Transaction Documents by the end of February 2023 at the latest.
The more precise terms and details of the deal, as well as the effects on Digitalist Group’s financial position, will be announced separately, once the completion of the deal and the final terms have been confirmed.
DIGITALIST GROUP PLC
For more information, please contact:
Digitalist Group Oyj
Magnus Leijonborg, CEO
tel. +46 76 315 8422, [email protected]
Distribution:
Nasdaq Helsinki Oy
Mainstream media
https://digitalist.global
Annex