GreenMerc AB (publ) acquires 100 percent of the shares in Northcrypto Oy and becomes the market leader in cryptocurrencies in Sweden

Through this strategic acquisition, GreenMerc strengthens its position as the leading player in the Swedish crypto market, now also in terms of sales. Northcrypto had sales of SEK 276 million below it first half of 2024, which can be compared with GreenMerc's sales of SEK 218 million for the same period. GreenMerc has previously held a leading position functionally and profitably, and this acquisition means that the company is now also the largest in terms of sales in the crypto sector in Sweden. Northcrypto reported a weak positive result and cash flow during the period. Owners representing approximately 98% of the shares in Northcrypto have signed the share transfer agreement. The remaining shareholders have not yet signed for practical reasons, but we expect this to happen shortly.