Kakel & Design i Sverige AB, a subsidiary of Kakel Max AB, has agreed to purchase all the shares of JMW Grossen AB from MW Bolaget AB for Skr12m ($1.41m).

The company will pay an amount between Skr5m ($0.59m) and Skr7m ($0.82m) by 2019 upon reaching certain milestones. It will also pay an additional amount of Skr3m ($0.35m) based on customer activities, sales value and gross profit.

The acquirer company is involved in the production and marketing of construction components and supplies. The purchased company is a floor levelling and tiling contractor and its parent company is a wholesaler of building materials.

The acquisition is expected to be completed by November 2019.

“Distinct Infrastructure Group has purchased all of the issued and outstanding securities of Crown Utilities for C$17m ($13.29m).”

Distinct Infrastructure Group has purchased all of the issued and outstanding securities of Crown Utilities for C$17m ($13.29m).

The transaction was completed through a payment of C$13m ($10.16m) in cash and by issuance of a total of 2.9 million common shares for a value of C$1.35 ($1.05) per share.

The acquired company is a situational and turnkey services provider based in the UK, while the acquirer is a Canadian design, engineering, construction, services and maintenance company.