Talkpool AG acquires the majority of the shares in Talkpool AB

Talkpool's parent company Talkpool AG acquires 960 shares, equaling approximately 30%, in Talkpool AB from IT Talks Sweden AB, which is owned by Stefan Lindgren. As payment for the shares, IT Talks Sweden AB will receive 50'819 newly issued shares in Talkpool AG.

Talkpool AB is developing software and hardware for the internet of things with focus on LoRa technology. The company has undergone a transformation from June until November of 2017, and this transformation has paved the way for this acquisition. Costs in Talkpool AB have been reduced while client orders have increased. The company is moving on from performing pilot projects with proof of concept with many clients towards delivering commercial solutions to paying clients.

Following this transaction Talkpool AG reaches a majority ownership with approx. 55.6% of the shares in Talkpool AB.

For more information please contact:

Erik Strömstedt, CEO Talkpool AG
Tel: +41 81 250 2020
erik.stromstedt@talkpool.com 

Om Talkpool 
Talkpool is a leading company within IoT, where we deliver solutions, products and networks. Through our global delivery organization, cutting edge technical expertise in LoRa, long experience and flexible business model, Talkpool offers global companies and telecom operators high-quality services at short notice, regardless of location. Talkpool is one of the few companies with actual solutions and agreements in place in the exciting market for the Internet of Things. Read more at www.talkpool.com. Talkpool is listed on Nasdaq First North and Remium Nordic AB is the company's Certified Adviser. 

This information is inside information that Talkpool AG (publ) 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 above, at 09.00 CET on 27 November 2017.