Summa Defence (summas) M&A Announcement summary

Deal rationale and strategic fit

• The merger creates a leading Finnish defense and security group focused on dual-use technologies, security of supply, and expansion in Europe and NATO markets.

• The new group will combine expertise from multiple subsidiaries, supporting innovation and growth in both defense and civilian sectors.

• Marine Logistics business is divested to align with strategic focus on defense and security technology.

• Geopolitical changes and increased defense spending in Europe drive the need for a consolidated player.

Financial terms and conditions

• Meriaura Group acquires all shares of Summa Defence via a share exchange, valuing Summa Defence at EUR 185 million and Meriaura Group at EUR 40.4 million.

• Marine Logistics business is sold to Meriaura Invest Oy for EUR 14.4 million, financed by a vendor note and offset by a directed acquisition of own shares.

• Investors will inject €28.15 million in capital to support scaling and international expansion.

• Prior to the share exchange, Summa Defence will raise EUR 25.1 million via a directed share issue to investors and convertible bond holders.

• Shareholders of Summa Defence will own 88.1% of the new group, while Meriaura Group shareholders will hold 11.9%.

Synergies and expected cost savings

• Combining expertise and resources of multiple defense and security companies is expected to create shareholder value and operational synergies.

• Subsidiaries will retain their identities but benefit from group synergies, enabling participation in larger projects and accelerated product commercialization.

• Dual-use technologies will enable cross-sector solutions for both defense and civil markets.