27 juni 2024

B3 Consulting Group has decided on an early redemption of B3 Consulting Poland

B3 Consulting Group AB (publ) has previously communicated that a redemption of the remaining shares in the associated company B3 Consulting Poland would take place no later than the end of 2025. An agreement has now been signed with the decision to carry out the redemption in August, which means that the company will become part of the group at the end of August 2024.

The transaction means that B3 Consulting Group’s volume and EBIT will grow significantly from September 1, 2024. Furthermore, this early redemption allows B3 to plan and implement measures this fall to stimulate further profitable growth in the Polish company. Both new startup companies and smaller acquisitions in the Polish market are now relevant.

- B3 Consulting Poland has had a fantastic development ever since the company was founded and has grown significantly both in terms of results and the number of employees. We see it as very positive that B3 Consulting Poland is now becoming a subsidiary within the B3-group, as this strengthens B3 Consulting Group’s position in the market, even outside Sweden's borders, says Martin Stenström, CEO of B3 Consulting Group.

B3 Consulting Poland was founded as a joint venture with B3 Consulting Group in 2018 and has experienced strong development over the years. In 2023, the net revenue amounted to 164,8 MSEK with an EBIT of 24,0 MSEK, and the company now has over 200 employees. B3 Consulting Group currently owns 50% of B3 Consulting Poland and will acquire 40% of the shares from the founders of the company; Rafal Dabkowski (15%) and Martin Nilsson (25%). After the transaction, B3 Consulting Group will own 90% of the shares and the company will henceforth be included in the group's consolidated accounting. Rafal Dabkowski will continue to own 10% of the shares in the company and will serve as the CEO of B3 Consulting Poland going forward.

- I am very happy to take up the position of CEO of B3 Consulting Poland. My vision for B3 Poland is to achieve a leading position in the industry through innovation, sustainable growth, and excellence. We will continue to build a company culture based on caring for how people live and work, which is a strong foundation of our competitive advantage. Our company has achieved many successes due to the hard work of the entire team. I would like to thank my business partner Martin Nilsson for an exciting 6 years of true partnership in setting up and developing the company and the Management Board in Sweden for their trust and cooperation, says Rafal Dabkowski.

The total purchase price for the acquisition of the shares in B3 Consulting Poland is expected to amount to 27 257 424 PLN, which corresponds to approximately 73 322 470 SEK, and will be determined on the transaction day in August based on the exchange rate. Payment will be made with approximately 29 328 988 MSEK, based on today's exchange rate, and the remaining amount in shares of B3 Consulting Group. B3 will call an extraordinary general meeting to approve the purchase.

For more information, please contact Martin Stenström, CEO of B3 Consulting Group, mobile +46 70-798 96 80

B3 Consulting Group is an expansive consulting company with about 800 co-workers. With deep technical expertise and a passion for innovation, we help Sweden’s foremost companies and organisations to create tomorrow’s opportunities using digital transformation and operations development. B3 has an award-winning corporate culture that values our diversity, experiences and shared energy. We also endeavour to be an ethical and transparent company with a positive impact on society, people and the environment. B3 is found in nine locations in Sweden and in Poland, with its head office in Stockholm. The company was founded in 2003 and since 2016 has been listed on Nasdaq Stockholm on the Small Cap list (B3). Sales in 2023 amounted to SEK 1,141 million, with an operating profit (EBIT) of SEK 86 million. More information can be found at www.b3.se

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B3 Consulting Group has decided on an early redemption of B3 Consulting Poland