WPTG signs Letter of Intent to acquire Nuport Sverige AB

Key Highlights:

Letter of Intent signed to acquire 100% of Nuport Sverige AB
Purchase price: SEK 1.5M to be paid in WPTG shares
Expected revenue contribution: approximately 5% to Group revenue and earnings
Adds 15 skilled professionals to WPTG's Nordic operations
Strategic expansion of WPTG's Swedish and Nordic presence

Marco Marangoni, Group CEO of White Pearl Technology Group, commented: "As a Swedish company with a global footprint, we are deeply committed to strengthening our presence in our home base and supporting the growth of the domestic technology ecosystem. The acquisition of Nuport aligns perfectly with our vision of leveraging Sweden's world-class digital capabilities to drive innovation and transformation for our customers worldwide."

Mikael Gavelin, CEO of Nuport, added: "We are excited to join forces with White Pearl Technology Group, a global leader in digital transformation. By combining our Swedish heritage, deep technology knowledge, and customer-centric approach with WPTG's international reach and resources, we can accelerate the delivery of cutting-edge solutions that empower organisations across the Nordic region."

Transaction Details:

Full acquisition of Nuport Sverige AB
Purchase consideration: SEK 1.5M in WPTG shares
Subject to completion of due diligence
Expected to contribute approximately 5% to Group revenue and earnings
The addition of 15 skilled professionals

This press release contains forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as "believe", "expect", "anticipate", "intend", "plan", "estimate", "project", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.

This information is regulated information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 08:00 CET on November 13, 2024.

For further information, please contact:
Marco Marangoni, CEO of White Pearl Technology Group AB
Email: marco.marangoni@whitepearltech.com
Phone: +598 93 370 044

IR Manager
Email: ir@whitepearltech.com
Phone: +46 707 340 804

The company's Certified Adviser is Amudova AB,
email: info@amudova.se

About White Pearl Technology Group AB
White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.

About Nuport Sverige AB
Nuport is a modern, multifaceted SAP consultancy based in Sweden. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep SAP knowledge across multiple industries. Nuport supports organisations through digital transformation journeys, offering a full spectrum of SAP consulting services.

WPTG signs Letter of Intent to acquire Nuport Sverige AB, expanding Nordic presence

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