Tellusgruppen Vikariepoolen , acquires NGS Group AB

Published: November 12, 2024

  

IR - Regulatory Affairs, Operations

Tellusgruppen Tellusgruppen , AB (publ.) has today signed an acquisition agreement with NGS Group AB regarding the transfer of assets related to the staffing business , with the closing date set for January 1, 2025. The purchase price amounts to SEK 3.05 million and consists of newly issued shares in AB valued at SEK 2.8 million, SEK 0.25 million in cash, and a potential additional purchase price. Vikariepoolen

Tellusgruppen Vikariepoolen is being acquired for SEK 3.05 million, plus a potential additional purchase price. The base purchase price of SEK 3.05 million, in the form of newly issued shares in AB, is based on the average closing price of the shares over the thirty days prior to the date of the agreement. The share price will be 7.73 kronor, and the number of newly issued shares will total 362,225. The new share issue will thus result in a dilution of 2.2%. The annual general meeting on June 12, 2024, authorized the board of directors to carry out the new share issue. Tellusgruppen

A smaller additional purchase price may also be paid in cash in early 2026. The terms of the additional purchase price are based on the average revenue from existing customer contracts in 2024–2025.

Tellusgruppen intends to organize the operations into a separate subsidiary and as part of the Education Services business area.

Vikariepoolen has one of the industry’s strongest brands and 20 years of experience in effectively staffing positions in areas such as preschools, schools, and kitchens. Vikariepoolen’s primary client base consists of public-sector clients, secured through competitive bidding. The company currently has annual revenue of 20 MSEK.

– Vikariepoolen is a highly regarded organization that we are pleased to welcome to Tellusgruppen. Our vision is to become the education sector’s first choice for specialized training services, native-language instruction, and staffing solutions. “By leveraging our strong position in native-language instruction and broadening our offering, we are strengthening our market presence and growth potential,” says Bijan Fahimi, CEO of Tellusgruppen's .