Clas Ohlson AB (publ) ("Clas Ohlson") has today entered into an agreement to acquire approximately 91% of the shares in Spares Europe AB ("Spares"), a leading company within spare parts and accessories for electronics as well as batteries. The acquisition strengthens Clas Ohlson's core business and creates new growth opportunities within a growing market segment. Clas Ohlson assesses that the acquisition upon closing will be earnings per share accretive. The purchase price corresponds to a valuation of approximately SEK 500 million on a cash and debt free basis (EV) and a potential additional purchase price of up to SEK 225 million.