Quickbit signs settlement agreement with Parman Enterprises UK Limited regarding previous acquisition
Today, Quickbit announces that a settlement has been reached with Parman Enterprises UK Limited (“Parman”), the seller of two product platforms during August 2022.In August 2022, Quickbit acquired two product platforms from Parman for 4.5 mEUR with an additional payment of 2 mEUR in total. This means that an additional payment of 1 mEUR in two stages could become applicable if certain commercial milestones were achieved linked to the products and their performance. The product platforms have, as Quickbit has previously announced, been deficient in terms of quality and functionality. This