Pure Positioning AB

Pure Positioning AB has signed an agreement to acquire AB DI Tech Drilling Energy, which reported a turnover of over SEK 8 million in 2024. The acquisition is strategically valuable for Pure Positioning as it consolidates its position in the geothermal energy sector, especially given DI Tech's strong ties with SveBorr, another company already acquired by Pure Positioning. DI Tech, founded in 2014 and led by Dan Inge Fäldt, operates in Vårgårda and surrounding regions, with expertise in minimizing environmental impact during drilling. Geothermal energy, a renewable and emission-free energy source, has significant potential in the Nordic market, which is currently valued at several billion. Pure Positioning aims to enhance its geothermal operations by leveraging Norwegian deep drilling expertise. The transaction follows similar valuation principles as the SveBorr acquisition, with DI Tech sellers agreeing to a 36-month lockup for the issued shares.

Pure Positioning AB and Enersize Oyj have mutually agreed to terminate their acquisition process, which was initially outlined in a Letter of Intent. The decision follows a constructive dialogue between both parties, and the collaboration ends on positive and professional terms. After reviewing the situation, both companies determined that the current documentation posed too great a risk of encountering significant challenges during the review by Nasdaq First North.

Enersize Oyj and Pure Positioning AB have signed an addendum to their previously announced Letter of Intent, setting the main commercial terms for Enersize's planned acquisition of PPAB. Enersize will issue 53 billion new shares to PPAB shareholders in exchange for all outstanding shares in PPAB, valuing PPAB at approximately SEK 530 million and Enersize at SEK 80 million. This results in a post-transaction ownership distribution of 85% to PPAB's shareholders and 15% to Enersize's current shareholders. Shareholders representing about 40% of Enersize have agreed to the terms and committed to voting in favor of the acquisition. The acquisition is subject to due diligence and approval from Nasdaq Stockholm for continued trading and re-listing on Nasdaq First North Growth Market. The addendum is not binding but shows the parties' intention to complete the acquisition.