Rex International completes spin-off of commercial drone unit via Xer Tech Sweden listing

Reuters2026/08/07 10:52

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Rex International completed a spin-off of its commercial drone business via a reverse takeover, leaving Xer Tech AB owned by Sweden-listed Xer Tech Holding.
Rex’s Rex Technology Investments holds about 50.4% of Xer Tech Holding, which began trading on Spotlight Stock Market under “XER” on Feb. 11, 2026.
Rex Technology Investments transferred 6,000,000 Xer Tech AB shares for 20,454,545 newly issued shares in the acquirer at SEK 4.4 each.
Implied consideration was about SEK 90 million, based on a valuation of the acquirer at SEK 27.81 million.
Separately, Rex Technology Investments sold Equus Consulting AB to three employee-directors for SEK 1 cash; Equus had net liabilities of US$129,650.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rex International Holding Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 16AJ8MVVZFWJ7RR2) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rex International completes spin-off of commercial drone unit via Xer Tech Sweden listing

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