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Learning 2 Sleep Signs Agreement to Acquire YouGo Healthplan AB – Strengthens Customer Offering with Analytical Tools
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Hälsovård |
| Industri | Vård & Omsorg |
Learning 2 Sleep has signed a term sheet with the intention of acquiring all shares in YouGo Healthplan Sweden AB, a company that provides a digital analytical tool for assessing employees' health. The acquisition aligns with Learning 2 Sleep's strategy to become a leading player in digital health services. The companies complement each other well, and the acquisition creates a platform for increased growth, higher profitability, and opportunities to realize operational and financial synergies in their operations.
Learning 2 Sleep L2S AB ("Learning 2 Sleep") has today signed a Term Sheet with the main owners of YouGo Healthplan Sweden AB (YouGo) regarding the acquisition of all shares in the company. YouGo is a company that offers a digital platform to promote employee health through assessment, coaching, and learning. The company's customers are businesses, organizations, and the public sector that recognize the importance of continuously measuring the overall health of the organization and providing specific feedback to individual employees.
The purchase price amounts to a maximum of approximately 6 million Swedish kronor and will be paid through newly issued shares in Learning 2 Sleep in two parts ("Consideration Shares").
- a) An initial payment of two (2) million kronor upon the signing of the Transfer Agreement, to be made by issuing a promissory note offset against newly issued shares in Learning 2 Sleep at a volume-weighted average price over the 30 trading days preceding the signing of the transfer agreement.
- b) A second variable payment based on performance goals, which can amount to a maximum of four (4) million kronor and will be made by issuing a promissory note offset against newly issued shares in Learning 2 Sleep at a volume-weighted average price over the 30 trading days preceding the publication of the Company's Q2 report.
No additional payment will be paid. The completion of the transaction is conditional on (i) necessary decisions being made by the board/general meeting of Learning 2 Sleep, (ii) no uncertainties arising during the due diligence process, (iii) certain fundamental warranties provided in the share transfer agreement being true, accurate, and not misleading at the time of the transaction, and (iv) obtaining the necessary financing for the companies. After the completion of the transaction, the ownership group behind YouGo will own a maximum of 13 percent of the shares and votes in Learning 2 Sleep. The management of YouGo is expected to join the transferred business and continue to work on both YouGo's product offering and the overall offering in the merged operation.
Micael Gustafsson, CEO of Learning 2 Sleep, commented:
"During the summer, we began the work of building a leading player in the field of health, so it is very gratifying that we can now continue with another building block. With the help of YouGo's digital platform, we will be able to offer businesses and organizations a comprehensive overview of how their employees are doing and the effects on the organization and profitability. It will serve as a gateway to the other services within our group, where we already see that both sleep and stress have a significant impact on employees and organizations. It will be a fantastic way for us to approach the B2B market and continue to develop our market-leading products in both sleep and stress. We are, of course, also very happy to welcome the YouGo employees into our family; there is a strong sales focus in the organization that we will greatly benefit from."