Seafire completes Splendor Plant acquisition and issues shares to sellers

An update from Seafire AB ( (SE:SEAF) ) is now available.

Seafire has completed the previously announced acquisition of nursery operator Splendor Plant AB for up to SEK 150 million on a cash- and debt-free basis, financed through a mix of cash, a vendor note and newly issued shares. The transaction, which was contingent on Seafire’s recently completed SEK 140 million rights issue, strengthens the group’s portfolio and underscores its strategy of acquiring profitable Swedish businesses with development potential.

As part of the purchase price, Seafire’s board has resolved on two directed share issues totaling 2,619,168 new shares to the three sellers of Splendor Plant, corresponding to approximately SEK 17.5 million. The vendors are subject to a 12‑month lock‑up on the new shares, and following the issues Seafire’s share capital rises to about SEK 11.83 million with 71,173,676 shares and votes outstanding, modestly diluting existing shareholders while aligning the sellers’ interests with the company’s long‑term performance.

More about Seafire AB

Seafire is a Swedish acquisition-focused group operating in the Industrial Components and Products segments, concentrating on buying and developing profitable companies with growth potential in Sweden. Founded in 2016 and listed on Nasdaq Stockholm, the group now comprises 13 operating companies generating slightly above SEK 1.1 billion in annual sales.

Average Trading Volume: 53,198

Technical Sentiment Signal: Hold

Current Market Cap: SEK463.4M

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