WPTG enters an LOI to acquire Swedish company Profit Solutions Sweden
White Pearl Technology Group AB (publ) (“WPTG” or the ”Company”) today announces that it has signed a non-binding Letter of Intent (LOI) to acquire 100% of the shares in the Swedish-based cash flow positive company, Profit Solutions Sweden AB (“Solutions Sweden”). The total purchase consideration for the proposed transaction amounts to SEK 9 million and is intended to be settled in WPTG shares in two tranches, with part of the consideration conditional upon Solutions Sweden achieving the agreed financial performance following completion. The proposed acquisition is expected to have clear synergies with WPTG and its digital marketing areas.