Mercell acquires Cloudia, the leading e-Procurement platform in Finland
Oslo, Norway, 1 June 2021Mercell Holding ASA (“Mercell” or the “Company”) has signed an agreement to acquire 100% of the shares in the leading Finnish e-Tendering provider Cloudia Oy (“Cloudia”) for EUR 102.5 million on a cash and debt free basis. EUR 89.6 million will be paid in cash on closing, reflecting a net debt adjustment of EUR 2.9 million, and the remaining EUR 10 million will be paid in Mercell shares during 2022 subject to satisfaction of retention and performance targets (based on the share price at the time of issue). Cloudia is the leading Finnish e-Procurement platform,