Summa Defence Agrees on Payment for Nordic Yards Earn-Out
Summa Defence Plc has finalized terms for the 2025 earn-out payment related to its acquisition of Nordic Yards Oy. The agreement was reached with the former shareholders of Nordic Yards.
Helsinki – Summa Defence Plc announced on August 27, 2026, that it has entered into an addendum to the share exchange agreement concerning Nordic Yards Oy. This addendum clarifies the payment arrangements for the 2025 earn-out.
The original share exchange agreement was signed on November 18, 2024. The addendum was agreed upon with the former shareholders of the Nordic Yards group, who are entitled to an earn-out based on the 2025 and 2026 financial results.
Nordic Yards Oy operates in the maritime and shipbuilding industry. Its acquisition by Summa Defence is part of the company's strategy to expand its presence in the defense and maritime sectors.
The specific details of the earn-out payment were part of the initial acquisition terms, but the precise payment structure and schedule have now been settled through this new addendum. Summa Defence has previously indicated plans to increase its involvement in the maritime sector.