Pamica Group AB (publ) (“Pamica”) announces (i) that Pamica is contemplating an issuance of subsequent bonds (the “Tap Issue”) under the terms and conditions of its outstanding senior secured bond framework with ISIN SE0023440961 (the “Bonds”) and (ii) informs that share purchase agreements have been entered into for the acquisitions of HTSM Eskilstuna Holding AB, ABC Holding AB and Pamica 5 Invest 3 AB (the “Acquisitions”).
The tap Issue
Pamica has mandated DNB Carnegie Investment Bank and Nordea as “Joint Bookrunners” to arrange a series of investor meetings commencing on 4 November 2025. This aims to evaluate the possibility of completing the Tap Issue with an expected issue size of approximately SEK 200,000,000. The proceeds from the Tap Issue are intended to be used for general corporate purposes, including financing of acquisitions. Provided that the Tap Issue is successful, the aggregate outstanding nominal amount under the Bonds will be SEK 1,400,000,000.
The acquisitions
Pamica has entered into share purchase agreements to acquire all of the shares in HTSM Eskilstuna Holding AB, ABC Holding AB and Pamica 5 Invest 3 AB. Through the Acquisitions, Pamica consolidates the operating subsidiaries HTSM Eskilstuna AB, ABC Karossen i Mönsterås AB and Alma Electronics AB.
HTSM Eskilstuna AB: HTSM is a leading provider of principal supervision services (Sw. huvudtillsyningsman) in Sweden, with the Swedish Transport Administration (Sw. Trafikverket) as its largest customer. The company acts as a traffic coordinator and construction traffic manager in connection with work being performed on and around railway tracks. In addition to the Swedish Transport Administration, the customer base includes large private contractors in infrastructure and construction as well as public sector entities. HTSM has demonstrated solid growth over the past three years and generated a turnover, LTM, of SEK 71 million 2024/2025 as of 30 September.
ABC Karossen i Mönsterås AB: The business specializes in the manufacture and assembly of custom-designed transport boxes, flatbeds, covers and special-purpose wagons using sandwich constructions, including interiors and systems for heating, cooling and freezing. The business is intended to be integrated into Pamica's subsidiary, SKAB-Gruppen. ABC Karossen generated a turnover, LTM, of SEK 47 million 2024/2025 as of 30 September.
Alma Electronics AB: The business manufactures and sells contract-manufactured printed circuit board solutions to customers in Sweden across a wide range of sectors. It is intended that Alma will become part of Pamica's subsidiary, Alltronic. Alma Electronics generated a turnover, LTM, of SEK 36 million 2024/2025 as of 30 September.
The total purchase price for the Acquisitions amounts to SEK 247 million and will be paid through newly issued shares in Pamica (the "Acquisition Shares"). The number of Acquisition Shares will be determined based on the market value of Pamica’s shares, as established pursuant to an independent valuation performed by PwC. Information regarding the number of Acquisition Shares will be notified to the sellers no later than five banking days prior to the closing date.
The Acquisitions are strategically important and strengthen Pamica’s position within the relevant market segments, consistent with the group’s strategy to grow by acquiring and developing profitable entrepreneur‑led businesses. By adding HTSM Eskilstuna AB, ABC Karossen i Mönsterås AB and Alma Electronics AB to the Pamica group, significant synergies and new growth opportunities are created, both organically and through future add‑on acquisitions, in close cooperation with the companies’ successful entrepreneurs and management teams.
Completion of the Acquisitions is subject to customary closing conditions, including receipt of required approvals from the Swedish Competition Authority (Sw. Konkurrensverket) and other relevant governmental authorities, the issuance of additional senior secured bonds, approval of the requisite board and extraordinary general meeting resolutions of Pamica, and consent from Nordea Bank Abp, Swedish Branch.