Closing the Home Solutions acquisition
Talkpool AG is now finalizing the acquisition of all shares in Nordic Proptech Investment Services AB, which owns 100% of the shares in Home Solutions www.homesolutions.se
The Nordic Proptech closing accounts (for year 2020) have been provided by the seller and the closing documents are being signed. The total consideration, including down-payment, loan and interest, amounts to SEK 26.4 million (Eur 2.62 million) to the Scandinavian Credit Fund. A down-payment of SEK 8.5 million (Eur 8.43m) from Talkpool to the Scandinavian Credit Fund with a corresponding share transfer to Talkpool has been scheduled on Friday the 5th of March 2021.
Home Solutions’ business of measuring and managing natural resources such as electricity and water in individual homes is expected to gain importance. This is Talkpool’s first acquisition of a smart metering company, and it marks an important strategy shift. Acquisitions of further metering companies and up-selling of sustainable technology as a service to the many existing clients is central to the strategic plan going forward. Talkpool’s technology combined with Home Solution’s 50’000 individual client base form the basis of a growth journey in which residents and property owners will be winners.
About Home Solutions
Home Solutions is Sweden's largest supplier of individual metering and charging of electricity, water, heating, electric car chargers and temperature with tenant-owner associations. The company also has private property owners and the public utility as customers. Home Solutions was founded in 2001 by HSB and Vattenfall and now operates in partnership with Nordic Proptech Investment Services. Home Solutions’ products are today installed all over Sweden, from Kiruna in the north to Malmö in the south. Home Solutions currently has over 50,000 apartments connected in its ecosystem and manages digital infrastructure and handles measurement and sensor data for customers throughout Sweden.
About Talkpool
Talkpool provides IoT solutions and telecommunication network services globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Talkpool offers end-to-end IoT solutions for smart buildings and cities with focus on environmental control, energy saving and damage prevention. For more information, visit www.talkpool.com.
Talkpool intends to inform more about the Home Solution acquisition and related plans on its annual reporting on the 10th of March 2021.
