From GlobeNewswire: 2025-06-09 14:00:00

Meriaura Group Oyj and Summa Defence Oy have completed their merger as of June 10th, 2025. The merger involved the acquisition of Summa Defence Oy’s entire share capital by Meriaura Group Oyj for 187.7 million euros. Additionally, Meriaura Group sold all its shares in Meriaura Oy to Meriaura Invest Oy for 14.4 million euros and acquired 330.7 million of its own shares from Meriaura Invest Oy for approximately 15.4 million euros. The company’s name will change to Summa Defence Oyj, and Jussi Holopainen will take over as the new CEO. There have been changes in the number of shares subject to transfer restrictions for some shareholders.

The merger and related transactions were approved by the company’s shareholders and the board of directors. The fairness of the merger was evaluated by HLP Corporate Finance Oy, and a fairness opinion was issued on March 31st, 2025. The company will seek to list the acquired shares on Nasdaq First North Growth Market Sweden and Nasdaq First North Growth Market Finland. Some of the acquired shares will have an 18-month lock-up period.

Major shareholders post-merger include PM Ruukki Oy, Baltic Work Boats, Jerovit Investment Oy, Jussi Mälkiä, Oy Haapalandia Invest Ltd, and holoborg Oy. The information contained in this news release is not an offer to sell securities in the United States or any other restricted country. Interested investors are advised to review the company prospectus for more detailed information on the merger and post-merger operations.



Read more at GlobeNewswire: Meriaura Group Oyj: Meriaura Group Oyj:n ja Summa Defence