Note 26 - Acquisition of Tenson AB
Note 27 - Subsequent events
NWG // FINANCIAL INFORMATION // THE GROUP
Note 26 - Acquisition of Tenson AB
On July 1 , New Wave Group acquired 100 % of the shares in the Swedish outdoor company Tenson AB . The purchase price amounted to SEK 1 , which was based on equity at the time of acquisition on July 1 , 2023 amounting to at least SEK 6.5 million , where the brand was valued at SEK 30.9 million . This resulted in a positive profit effect of SEK 6.5 million , which was reported under other operating income . Tenson , the Swedish outdoor & lifestyle brand with roots on the Swedish west coast ( founded in Varberg in 1951 ) has , during the last four years , undergone a restructuring & repositioning process that included the entire spectrum of brand , product , market , sales and channel strategies . New Wave Group , through the acquisition and integration of the company , will give Tenson access to the resources and synergies required to enter the next phase of the above-mentioned process , to scale up operations and profitability . In 2022 , the Tenson group ' s sales amounted to SEK 129.7 million with a loss after tax of SEK 8.5 million . The acquisition has had no major effect on earnings in the second half of 2023 , but is expected to have a positive effect on New Wave Group ' s earnings already in 2024 .
The acquisition analysis is preliminary and subject to a djustment .
Note 27 - Subsequent events
No significant events have occurred after the balance sheet date .
108 // ANNUAL REPORT