Qt Group Buys IAR Systems Group

Summary

Qt completes the recommended public cash offer to the shareholders of I.A.R. Systems Group Qt Group Plc Stock exchange release 13 October 2025 at 13.31 p.m. EEST Qt completes the recommended public cash offer to the shareholders of I.A.R. Systems Group On 4 July 2025, Qt Group Plc's ("Qt Group") wholly owned subsidiary The Qt Company Ltd ("The Qt Company" and together with Qt Group, "Qt"), announced a recommended public cash offer to the shareholders of class B shares (the "Shares" or, individually, a "Share") in I.A.R. Systems Group AB (publ) ("IAR"), to tender all their Shares at a price of SEK 180 in cash per Share (the "Offer"). The Shares in IAR are traded on Nasdaq Stockholm, Mid Cap. An offer document relating to the Offer was published on 15 August 2025. At the end of the acceptance period on 10 October 2025, the Offer had been accepted by shareholders with a total of 12,037,848 Shares in IAR, corresponding to 94.49 per cent of the outstanding shares and votes in IAR.[1] As a result, The Qt Company controls in total 12,037,848 Shares in IAR, corresponding to 94.49 per cent of the outstanding shares and votes in IAR.[2] The Qt Company has decided to complete the Offer. All conditions are satisfied or have been waived. Settlement for Shares tendered in the Offer during the initial acceptance period will be initiated on or around 17 October 2025. Juha Varelius, President & CEO at Qt Group Plc, comments: "We are pleased to the offer being accepted to such an extent that we can successfully complete the acquisition. We look forward to working closely with the IAR team to fully realise the potential of the combination by expanding our total addressable market, strengthening our global presence and customer offering." To allow for those shareholders who have not yet accepted the Offer to tender their Shares to The Qt Company, the acceptance period is extended until 27 October 2025 at 3.00 p.m. CET. Settlement for Shares tendered in the Offer during the extended acc...