Ellwee Acquires Tech 5 for 22M SEK Via Share Issuance

Ellwee, a company currently rebranding as Ortelius International, has acquired Tech 5. Announced on September 12, 2025, the acquisition was completed by Ortelius E2, an indirectly wholly-owned subsidiary of Ellwee. At the time of the announcement, Ellwee's market value was approximately 7.5 million kronor. The initial purchase price for Tech 5 shares is valued at approximately 22 million kronor. This acquisition will be settled entirely through a non-cash transaction. As detailed in the press release, the full amount will be paid via a directed new issue of shares in Ellwee. This means newly created shares will be issued directly to the sellers of Tech 5 as complete compensation. This strategic move enables the company to finalize the acquisition without a direct cash expenditure, instead utilizing its equity to finance the purchase.