SpectrumOne AB — M&A Activity 2020

Apr 17, 2020

SpectrumOne AB announces the acquisition of the data analytics and consulting company Qbim AB

SpectrumOne AB announces the acquisition of the data analytics and consulting company Qbim AB

SpectrumOne announces today the acquisition of the data analytics and consulting

company Qbim AB.  The purchase transaction is conducted via cash and shares,

with no additional share issue to current shareholders.

Qbim deliver and implement an automated solution allowing for the easy

combination of various different data sources. Based around this, Qbim provide

their clients with highly sophisticated Business Intelligence and Analytics.

Qbim have successfuly delivered many projects with well-known international

companies. Qbim have demonstrated increases in revenues and is today a highly

profitable company with very competitive net margins.

Qbim have a core focus on the following key areas:

Software as a Service (SaaS) - Qbim provide their clients with a monthly

reporting solution delivering key updates on their business

Advanced Analytics and Visualization - Using historical customer and

transactional data, Qbim deliver predictability patterns coupled with advanced

insights to their clients across various industries

Data Warehouse - ERP - With on demand consulting, Qbim have the capacity to

operate projects, supplementing their client's IT departments. Enabling the

creation of smart data stores, creating connections between various systems and

specific modules within BI.

Implement & Support - Qbim deliver world class support and technical

maintenance, supporting daily operations, needs analysis and project management.

These areas serve to enable IT and Business working together with a successful

BI in place.

SpectrumOne will now gain access to a partner who can provide key services and

resources across a wider range of services, boosting delivery capacity and

excellence, whilst enabling advanced innovation within our business. As part of

SpectrumOne, both companies will strengthen their abilities around the

development and delivery of custom solutions in Data Management, Analytics and

Business Intelligence. Qbim will continue to operate under their existing brand

for the time being. SpectrumOne will work closely with management to further

strengthen financial capacity, increase growth and accelerate profitable

business.

SpectrumOne CEO Hosni Teque-Omeirat stated "Acquiring Qbim has been a long term

-goal for us. Combining the two organizations will enable us to have an

excellent execution partner, further allowing us to stay on top regarding our

development of the Market. Qbim has demonstrated tremendous performance power

with many innovative projects, along with a business model we find very

attractive, developing customer adopted software for their clients. I see a

great opportunity for scaling this business, building on their success to reach

further clients with existing offerings within Qbim's portfolio. Additionally,

many of Qbim existing client engagements are really spot on regarding enriching

and visualization with the SpectrumOne platform."

Qbim CEO Mikael Hyensjö commented "Us having taken the opportunity to merge with

SpectrumOne is a natural step on our growth journey. For many years we have

developed and run the company in order to be best in class in what we do. On our

journey we have developed exceptional solutions to our customers whilst staying

ahead with our development. We have grown, created profitability since we

started and managed to sign significant clients with whom we have created

further valuable solutions. We have built a culture of delivering and are now in

phase where we can now grow significantly. With the expertise in SpectrumOne we

have the strength to do it faster and bigger."

Qbim is based in Karlstad Sweden from where they have aquired clients throughout

Scandinavia. Having achieved a core competence with developing and implementing

highly sophisticated BI and Analytics platforms. Qbim has engaged in several

projects with the higher education system in Sweden and has showed a tremendous

capacity to solve their client's data needs. Qbim has 8 employees and forecasted

to have a revenue of about SEK 7.0 million and a profit of about SEK 1.5 million

for the fiscal year that ends in March this year.

Acquisition terms

Under the share purchase agreement Spectrumone AB will acquire 100% of the

shares in Qbim from the existing owners for a total purchase price of SEK

13,280,000. The purchase price will be settled by SEK 8,000,000 in cash and

5,280,000 in shares by setting off a sales credit of the same amount in

SpectrumOne at a subscription price of SEK 1.50 per share. The cash part of the

purchase price will be settled in two equal instalments. The first instalment is

to be settled on the closing of the transaction together with the share

consideration on closing date April 30, 2020,  while the second instalment and

the share consideration will be settled on or before April 30, 2021. In

addition, an additional purchase price amounting to 75 % of the profit growth

between March 31, 2020 to March 31, 2021. The shares to be issued as

consideration are subject to a lock up clause for a period of 12 months. In

addition, the new 3,520,000 shares will be registered after the record date for

the warrants described in a pressrelease earlier today and thus not eligible for

participating in the said warrants issue.

For further information contact:

Hosni Teque-Omeirat

CEO

+46 70 225 18 77

hosni@spectrumone.com

Certified Adviser:

Mangold Fondkommission AB (556585-1267)

Box 55 691 102 15 Stockholm

Telefon: +46 8 503 015 50

ca@mangold.se

www.mangold.seSpectrumOne  AB (publ) is obligated to publish this information

under the EU Market Abuse Regulation. The information was provided by the above

contact person's auspices, for publication on April 17, 2020 at 2.30 p.m. CET.

About SpectrumOne

SpectrumOne is a leading technology company delivering an advanced Data

Management, Analytics & Communications platform suite. Offered in a SaaS online

service shipping with rich market data from various professional providers,

SpectrumOne provides a unique solution to many leading actors across industry

segments in various countries.

Enabling clients with fast and easy  access to data insight and visualisation

coupled with powerful search, segmentation and mapping features. SpectrumOne

allows data to be quickly enabled and operationalised, driving activities from

customer communication to data science supporting business analysis, strategy

and growth. All of which can be enabled literally the same day with immediate

results.

SpectrumOne´s headquarters are based in Stockholm, Sweden, responsible for

Nordic sales and strategy, with additional sales and business development

located in Oslo, Norway. The technical services and development center is

located in Brussels, Belgium, with branch offices in France and Western Norway.

SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm and

Merkur Market in Oslo.

www.spectrumone.com