Olli has provided his comments on the merger of Lenio and Infomaatti 
Panostaja announced on Tuesday that its portfolio company Lenio is merging with Infomaatti, which focuses on field work reporting. In our view, the arrangement is strategically very logical, as it effectively doubles the scale of the small Lenio and expands the software offering in the competitive mobile work market. Panostaja is investing EUR 2.0 million in the arrangement, which is approximately half of the parent company’s current net cash. In light of Infomaatti’s growth and profitability, the purchase price seems reasonable to us. In the context of Panostaja’s overall sum-of-the-parts, the transaction is small and does not affect our view of the company. We will update our Lenio forecasts in connection with the next update.