Fosielund Holding AB has submitted a mandatory bid to the shareholders of Hövding Sverige AB (publ). The bid values all shares in Hövding at approx. SEK 582 million. The acceptance period for the offer expired on 15 February 2022, following which Fosielund Holding holds about 65 per cent of the shares and the votes in Hövding, together with related parties.
With its head office in Malmö, Hövding is a Swedish company that develops, markets and sells ”Hövding”, a revolutionary bicycle helmet and airbag for urban cyclists. Hövding has been listed on Nasdaq First North Growth Market since 2015.
Advokatfirman Lindahl is acting as legal advisor to Fosielund Holding in connection with the offer, with Lindahl's team comprising Thorbjörn Wennerholm and Pontus Söderberg.