Anemoi International Ltd Announces Proposed Acquisition of Trasna Solutions Technologies

Anemoi International Ltd has announced its intention to acquire Trasna Solutions Technologies Limited. This proposed acquisition, valued at up to £150 million, will be achieved through a reverse takeover, utilizing the issue of new ordinary shares in Anemoi, priced at £0.02 per share.

Trasna, headquartered in Ireland, is known for its cellular connectivity solutions, with a presence in several countries including France and Germany. On completion, Anemoi plans to reapply for trading on the London Stock Exchange's Main Market. The deal remains subject to conditions including due diligence and fundraising.

The acquisition is seen by Anemoi's directors as a strategic move, aligning with their vision for growth through a reverse takeover strategy. The intended merger anticipates name change of Anemoi to Trasna Technologies Ltd, with a board consisting of directors from both companies.