Scandinavian House Development SA (“Scandinavian House” or the “Company”) has signed an agreement to acquire the unique construction know-how and license rights for low-energy construction with high insulation building modules from Sweden based construction developer Mr. Åke Levén in 2011. Mr. Levén has developed an extraordinary wall, roof, ceiling and floor element construction method that offers the opportunity to design and build ecologically friendly and energy saving buildings at relatively low costs. By this step the Company has commenced its new business area for the design and construction of ecological buildings in various forms and sizes. The acquisition has been completed in June 2012.
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