The Executive Board of Apator SA announces that on 17th November 2021 the Issuer concluded the letter of intent regarding the acquisition of 100% shares in the company Zakład Energoelektroniki TWERD sp. z o.o. with headquarters in Toruń.

ZE TWERD sp. z o.o. is a manufacturer of energy-electronic devices, in particular inverters for photovoltaic installations and fast charging stations for electric cars.

On the basis of the letter of intent the Parties shall start working on a draft contract for the purchase of shares and investment contract. The letter of intent shall not constitute an obligation for the Parties to conclude the aforementioned contracts.

The objective of potential acquisition is to prepare, according to strategy of the Apator Group, the comprehensive offer for dynamically growing PV industry and further development of solutions supporting, among other things, infrastructure for electromobility.

The potential value of transaction is several million PLN.

The Issuer will inform about the settlement of the negotiations in a separate current report.