The Tellus Group acquires Vikariepoolen from NGS Group AB

Published: November 12, 2024

Tellusgruppen AB (publ.) has today signed an acquisition agreement with NGS Group AB regarding the transfer of assets and operations of the staffing business Vikariepoolen, with the closing date set for January 1, 2025. The purchase price amounts to SEK 3.05 million and consists of newly issued shares in Tellusgruppen AB valued at SEK 2.8 million, SEK 0.25 million in cash, and a potential additional purchase price.

The Tellus Group is acquiring Vikariepoolen for SEK 3.05 million, plus a potential additional purchase price.

The base purchase price of SEK 3.05 million, in the form of newly issued shares in Tellusgruppen AB, is based on the average closing price of the shares during the thirty days prior to the date of the agreement. The share price is SEK 7.73, and the number of newly issued shares amounts to 362,225. The new share issue thus results in a dilution of 2.2%. The Annual General Meeting on June 12, 2024, authorized the Board of Directors to carry out the new share issue.

A smaller additional purchase price may also be paid in cash in early 2026. The terms of the additional purchase price are based on the average revenue from existing customer contracts in 2024–2025.

The Tellus Group intends to organize the business into a separate subsidiary and as part of the Education Services business area.

Vikariepoolen has one of the strongest brands in the industry and 20 years of experience in efficiently staffing positions in preschools, schools, and kitchens, among other sectors. Vikariepoolen’s primary client base consists of public-sector clients, secured through competitive bidding. The company currently has annual revenue of SEK 20 million.

– Vikariepoolen is a well-established business that we are delighted to welcome to the Tellus Group. “Our vision is to become the education sector’s first choice for specialized training services, native language instruction, and staffing solutions. By leveraging our strong position in native language instruction and broadening our offering, we are strengthening our market presence and growth potential,” says Tellus Group CEO Bijan Fahimi. 

For further information, please contact
Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.noboxdesign.se
+46 707 167 453

Certified Adviser
The Company’s Certified Adviser is Mangold Fondkommission AB, which can be reached by phone at 08-503 015 50 and by email at ca@mangold.se.

About Tellusgruppen AB (publ)
Tellusgruppen is a long-term owner of well-managed companies in the education and childcare sectors. The Group currently operates 28 preschools and seven elementary schools, and also provides childcare and educational services.

The Tellus Group was founded in 2012 as the parent company of Tellusbarn (which was founded in 2007) and as a platform for future expansion in the education and childcare sector.

The Tellus Group’s business concept is to establish, operate, and develop profitable and growing subsidiaries that offer high-quality, innovative, and in-demand services within their respective fields.

This information is information that the Tellus Group is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication on November 12, 2024, at 2:00 p.m. CET, through the above-mentioned contact persons.

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Tellus Group acquires Vikariepoolen from NGS Group AB

The Tellus Group acquires Vikariepoolen from NGS Group AB