Admicom Oyj's subsidiary Tocoman Oy has completed the acquisition of Bauhub OÜ and Admicom Oyj has decided on a directed share issue as part of the acquisition12.12.2024 22:07:00 EET | Admicom Oyj | Press release
Unofficial translation of the company release on December 12, 2024 at 10:05 p.m. EET. In case the document differs from the original, the Finnish version prevails. Admicom Oyj's (”Admicom”, ”Yhtiö”) subsidiary Tocoman Oy has completed the acquisition of Bauhub OÜ ("Bauhub") announced on December 3, 2024, and Admicom's Board of Directors also decided, as part of the acquisition, on a directed share issue to companies owned by Bauhub's operative founding shareholders and key personnel, Teet Parts, Marko Leek and Henri Trees. Bauhub will become part of the Admicom Group as of December 12, 2024. Strategically, the acquisition expands Admicom's international growth opportunities and market potential, strengthens the Company's value proposition for customers, and enhances cross-selling and upselling opportunities in existing target markets. The acquisition is also well aligned with Admicom's ongoing strategic initiative to consolidate and integrate the Group's software into two stronger enti