NOTE (NOTE) M&A announcement summary

Deal rationale and strategic fit

• Acquisition of STI expands presence in the defence segment, enhancing capabilities in advanced electronic solutions for air, land, cyber, and marine domains.

• Strengthens position as a leading EMS partner in the UK, complementing existing operations and supporting long-term sustainable growth.

• Provides a platform to accelerate growth and broaden offerings in the UK and international defence industries.

Financial terms and conditions

• Purchase price is GBP 72.5 million on a cash and debt-free basis, with an adjusted EV/EBITDA multiple of approximately 10x.

• Acquisition financed through SEK 900 million in credit facilities, SEK 400 million due within 12 months.

Synergies and expected cost savings

• Acquisition expected to create significant growth opportunities through combined technological capabilities and customer relationships.