Pursuant to the investment agreement announced on July 13, 2023, STRAX announces the completion of the MEUR 10 share capital increase from ZEBRA Invest GmbH, a German based investment company, for 50.1 percent ownership of its European based distribution business.
The transaction was subject to customary closing conditions and those conditions were met and the investment completed.
STRAX distribution has furthermore secured new business within logistics and fulfilment, which will make the company less mobile accessories industry dependent moving forward.
“The partnership with ZEBRA has started in a very positive way. We are already working on sizable logistics deals where our supply chain expertise has been leveraged and we are actively pursuing new opportunities within the broad ZEBRA network. We see a good value potential for the 49.9 percent minority interest STRAX AB maintains in the European distribution business” says Gudmundur Palmason, CEO, Strax Group.