Today, on 17 September 2025, Formpipe Software AB (publ) (the "Company") held an Extraordinary General Meeting, where the shareholders approved the sale of the Company's Public Sector business area.
The Extraordinary General Meeting resolved, in accordance with the Board of Directors' proposal, to approve the sale of the Company's Public Sector business area to a holding company of STG ("STG" or the "Purchaser").
Information about the Transaction
On 18 August 2025, the Company announced that it had entered into an agreement with a holding company of STG for the sale of the Company's Public Sector business area (the "Transaction"). The Transaction includes all assets of the Public Sector business area (collectively, "Formpipe Public"), and is effected through a sale of the newly established subsidiary Formpipe Sverige AB, to which Formpipe Public will be transferred prior to completion of the Transaction.
The purchase price for Formpipe Public is up to SEK 850 million on a cash free and debt free basis. At closing, SEK 775 million will be paid in cash (subject to net debt and working capital adjustments) and SEK 50 million will be paid through the issuance of a loan note payable in 2029 with a compounding interest of 4.25% per annum and subject to certain potential deductions based on certain metrics related to the separation process. The Purchaser has also undertaken to pay an additional purchase price of SEK 25 million if STG achieves a certain return on its investment.
In addition to approval by the Company's shareholders at an Extraordinary General Meeting, completion of the Transaction is conditional upon receipt of necessary clearances or approvals from relevant authorities under the foreign direct investment regimes in Sweden and Denmark, that 90% of the contracted revenue stemming from Formpipe Public's customers in Sweden agree to be transferred to Formpipe Sverige AB, and the completion of necessary separation steps.
Closing of the Transaction is expected to take place in Q4 2025, subject to the timing of the regulatory clearances or approvals.
Following completion of the Transaction, Formpipe will focus entirely on its retained Lasernet business area ("Lasernet"), a leading enterprise document and customer communication software platform. The platform is currently used by thousands of customers in several geographies and the software is sold through a global partner network. The platform is primarily delivered as Software as a Service (SaaS), which provides a high share of recurring revenue.
For further information about the Transaction, please see the notice of the Extraordinary General Meeting and the press release announced on 18 August 2025, available on the Company's website ir.formpipe.com.
The information was submitted for publication through the agency of the contact persons set out above, at 16:20 CEST 17 September 2025.
For additional information, contact:
Magnus Svenningson, CEO of Formpipe, +46 73 963 97 00
Annikki Schaeferdiek, Chairperson of the Board of Directors, +46 70 667 52 14
This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.
Formpipe builds valuable relationships between data and people. Driven by our core values, since 2004 we have developed premium software that provides you with the right information, in the right context, at the right time. Every time.
We help over 5,500 clients worldwide to digitize and automate business processes. Together with our customers and partners, we co-create a digital society where people thrive. We have offices in Sweden, Denmark, United Kingdom, Germany, France and USA. Formpipe Software is a publicly listed company on Nasdaq Stockholm.
