Storskogen resolves upon a directed issue in connection with the acquisition of AC Electrical Services Group
Storskogen Group AB (publ) (“Storskogen”) has today acquired 80 percent of the shares in AC Electrical Services Group Limited (“ACE”). The Board of Directors of Storskogen has resolved upon a directed issue of two convertibles amounting to a total of approximately GBP 10.4 million, with mandatory conversion to a maximum of 16,561,183 B shares in Storskogen, to the sellers of ACE. The acquisition is not expected to affect Storskogen’s leverage (defined as interest-bearing net debt/adjusted RTM EBITDA).ACE specialises in commercial building fit-outs, LED installation and refurbishments, and