Merger

Merger of Summa Defence Oy and Meriaura Group Oyj

Defense and security technology group Summa Defence Oy and Meriaura Group Oyj merge to form a new defense industry group (Company Announcement 29.1.2025, https://meriauragroup.com/meriaura-group-oyj-inside-information-meriaura-group-plc-and-summa-defence-oy-to-merge-into-a-new-group-of-companies-in-the-defence-sector/).

The new listed company will be named Summa Defence Oyj.

The planned arrangement requires approval from Meriaura Group Oyj’s Annual General Meeting. The meeting will be held on April 24, 2025.

A Company Description detailing the arrangement has been published on March 31, 2025, and can be found at:
https://meriauragroup.com/investors/share/summa-defence-merger.

Supplement to the Company Description 25 April 2025

Summa Defence is a Finnish defense and security technology group that supports growth in the sector and strengthens industrial production capacity during geopolitical change. Summa Defence focuses on dual-use technologies related to security of supply, situational awareness, mobility, and defense, which benefit the civilian, security, and defense sectors, while strengthening overall security, security of supply, and crisis management capabilities.

Meriaura Group Oyj is a Finnish maritime logistics and renewable energy company listed on the Nasdaq First North Growth Market in Sweden and Finland, with approximately 18,000 shareholders.

The merger of Meriaura Group and Summa Defence is intended to be implemented through a share exchange. This means that upon completion of the corporate transaction, share ownership in Meriaura Group Oyj will be converted into ownership in Summa Defence Oyj.

Following the completion of the merger, the new Summa Defence Oyj shares will be listed on the Nasdaq First North Growth Market in Sweden (under the trading code SUMMAS) and in Finland (SUMMA) starting approximately May 12, 2025.

The corporate transaction will create a strong group focused on security and supply reliability, with dual-use technology playing a significant role — meaning products that are suitable for both defense and civilian markets.

Merger of Summa Defence Oy and Meriaura Group Oyj

The defence and security technology group Summa Defence Oy and Meriaura Group Plc are planning to merge into a new defense industry group — Summa Defence Oyj. Below is a recording of the webinar held on April 16, 2025, where Summa Defence as a company and the corporate arrangement will be presented.

Important Dates

Questions and Answers:

I own shares in Meriaura Group Oyj. What do I need to do now?

The merger of Meriaura Group and Summa Defence is intended to be implemented through a share exchange. This means that upon completion of the corporate transaction, share ownership in Meriaura Group Oyj will be converted into ownership in Summa Defence Oyj. As a shareholder, you do not need to do anything, as the share exchange will happen automatically in the book-entry system.

Can I already buy Summa Defence shares?

Following the completion of the merger, Summa Defence Oyj shares will become available for trading approximately on May 12, 2025, after which Summa Defence Oyj shares can be traded normally on the Nasdaq First North Growth Market in Sweden (SUMMAS) and Finland (SUMMA). If you own Meriaura Group Oyj shares when the arrangement is completed, your share ownership in Meriaura Group Oyj will be converted into ownership in Summa Defence Oyj.

Why is this corporate transaction being carried out?

The objective of the arrangement is to build a strong corporate group in Finland focused on security and supply reliability, with dual-use technology playing a significant role. The primary goal of the listing is to gain visibility for the company and to secure financing for product development, internationalization, and the company’s next phase of acquisitions.

The Board of Directors of Meriaura Group Oyj believes that the arrangement will create significant value for Meriaura Oyj’s shareholders due to expanding business opportunities. Additionally, the directed share issue organized for the share exchange will significantly strengthen the company’s equity. The arrangement is therefore considered to be in the best interests of all shareholders.

Where can I get more information about the arrangement?

Announcement of the merger on January 29, 2025: 
https://meriauragroup.com/meriaura-group-oyj-inside-information-meriaura-group-plc-and-summa-defence-oy-to-merge-into-a-new-group-of-companies-in-the-defence-sector/

Company Description on March 31, 2025: 
https://meriauragroup.com/investors/share/summa-defence-merger

Supplement to the Company Description 25 April 2025

Webinar presenting Summa Defence and the corporate arrangement on April 16, 2025:

In Finnish at 18:00: https://summadefence.videosync.fi/2025-04-16-webcast-fin

In English at 19:00: https://summadefence.videosync.fi/2025-04-16-webcast-eng

Meriaura Group’s letter to shareholders

Where can I get more information about Summa Defence? 

From the company’s website: https://summadefence.fi/en/

You can also subscribe to Summa Defence’s announcements via email: https://summadefence.fi/en/releases/

Where can I get more information about Meriaura Group?

From the company’s website: https://meriauragroup.com/

You can also subscribe to Meriaura Group’s announcements via email: https://meriauragroup.com/investors/