Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation)
Acquisition of Complete Energy Controls Ltd by learnd Limited
Luxembourg, May 02, 2023 – learnd limited, a wholly owned subsidiary of learnd SE, today has entered into a share purchase agreement to acquire the entire issued share capital of Complete Energy Controls Ltd, a private company limited by shares incorporated in Scotland (the “Target”) from its current shareholders (the “Transaction”). The Target operates in the field of building controls, energy and remote management solutions. With the Transaction, learnd SE is successfully expanding its business activities in the United Kingdom in line with its strategy to selectively pursue M&A opportunities in order to complete strategic acquisitions and partnerships to consolidate the building management systems market and expand its operations geographically.
The consideration consists of a low-single digit million-pound sterling amount plus an aggregate of 201,616 treasury shares in learnd SE to be transferred and delivered to the sellers by learnd SE.
The completion of the Transaction is expected to occur on the date hereof subject to customary closing conditions.
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End of Inside Information