Brady S.a r.l. have entered into a definitive transaction agreement to launch a tender offer to acquire Nordic ID Oyj (HLSE:NORDID) for €8.1 million on April 15, 2021. Under the transaction, Brady will acquire all of the outstanding shares of Nordic ID for €3.30 per share in cash. Brady will also assume external debt of approximately $3 million (€2.51 million). Brady will fund the transaction with cash held outside the United States. Following the acquisition, Brady will seek withdrawal of Nordic ID Shares from Nasdaq First North Growth Market of Nasdaq Helsinki Ltd. Brady expects to retain Nordic ID’s headquarters and RFID center of excellence in Salo, Finland while expanding its addressable market through the utilization of Brady’s global footprint. Following successful completion of the tender offer, if Brady has acquired more than 90% of the outstanding shares of Nordic ID, it intends to initiate compulsory redemption proceedings in accordance with the Finnish Companies Act to acquire any remaining shares. Nordic ID board of directors unanimously in favor of the acquisition offer. The deal is subject to regulatory approval and antitrust approval. As of May 20, 2021, All the conditions pertaining to the transactions were satisfied. The transaction is expected to close during the fourth quarter of fiscal 2021. Offer period starts on April 16, 2021 and ends on May 17, 2021. As of May 20, 2021, 92.9% shares were tendered and the offer is expected to be completed by on or about May 21, 2021. Brady expects this acquisition to be slightly dilutive to earnings per diluted share for the remainder of the fiscal year ending July 31, 2021. Sami Miettinen of Translink Corporate Finance Oy acted as fairness opinion provider and exclusive financial advisor to Nordic Id and will receive a fee for its services.