Loudspring sells a part of its ownership in Nuuka Solutions for EUR 2 million

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Loudspring Oyj
Company release, inside information
28 February 2022, 11:45(EET)

Loudspring has entered into an agreement to sell 18,1% ownership in Nuuka Solutions Oy, a company providing AI software for real estate owners, to a Boston based investment company. The sales price is approximately EUR 2 000 000  and the transaction is expected to have a positive impact of appx EUR 1 048 000 on Loudspring's result. The necessary approvals have been obtained and the transaction is expected to close by the end of March 2022. Loudspring has been an early investor in Nuuka and will retain a 24,2% ownership in Nuuka Solutions after the transaction. The investment company purchasing the shares has made a commitment to also invest 1MEUR into Nuuka's share issue subject to Nuuka shareholders' meeting's approval which is expected in two weeks.

Loudspring CEO Jarkko Joki-Tokola: “We are happy to have reached a deal for the sale for close to half of our ownership in Nuuka. With the investment Nuuka will have new resources for further growth and we will continue to support it as one of the main shareholders. The transaction is a step in Loudspring’s strategy to focus more resources on its subsidiary Eagle Filters.”


For more information:

Jarkko Joki-Tokola, CEO, Loudspring Oyj. Tel. +358 40 637 0501, jarkko@loudspring.earth

Erik Penser Bank AB, Certified Adviser. Tel. +46 8 463 83 00, certifiedadviser@penser.se

Loudspring Oyj discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 28 February 2022 at 11:45 (EET).

Loudspring in brief  

Loudspring is an investment group focused on saving natural resources. Our strategy is to focus on the ownership and governance in Eagle Filters where we see a clear path to a long term profitable and scalable business, and divest more opportunistic higher risk investments, transforming into an industrial company. Our customers saved 125 000 tons CO2 emissions during 2020 using our technology, which equates to the CO2 carbon footprint of 12 000 Finns on average. 

The company group is listed on First North Growth Market Finland under the ticker LOUD and on First North Growth Market Stockholm under the ticker LOUDS.


LinkedIn: https://www.linkedin.com/company/loudspring/

Twitter: @loudspring

IG: @loudspring_earth

FB: @loudspringco

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