Welcome to the Q&A session of Momentum Group's interim report for Q2 2023. I am Ulf Lilius, CEO for Momentum Group, and I am here with my colleague Niklas Enmark, Executive Vice President and CFO, and we will guide you through the Q&As. The first question we have received is the decentralized organization a benefit when onboarding acquired businesses given the pace that you have today? I would say absolutely. One reason that we can maintain this pace in acquisition is that we have increased the number of people working with not only sourcing, but also deal processing and onboarding. Each acquisition is handled by a team comprising of a commercial responsible, often Jimmy, Anders, Martin, or Ola, each responsible for his group of companies together with financial people from the organization.
The process is run over several months and are bilateral, we can, together with the seller, plan for an efficient process. As we grow, we will continue to strengthen the organization. Are there still ample number of acquisition candidates in your sweet spot of the market, or do you see that you will be forced to move to other areas? We don't see that our sweet spot is limiting factor today or is in the foreseeable future. That said, we must always develop, which means we are continuously evaluating business opportunities in new product verticals based on the trends we see in our society. One such interesting area is in the field of critical infrastructure, where we have dipped our toes with the recent acquisition of Askalon, but also with BPS. We will likely pursue that area a bit more going forward.
How is the M&A market right now? Our perception is that the market is quite active and that the competitive landscape is like before. The valuations have come down a bit, which is logical given the high interest rates that everyone is experiencing. We also got a question if we have noticed any difference in demand at Momentum Industrial from the beginning of the quarter to the end, and if we can mention something which customer segment has been the weakest in the quarter. I would say that the situation has been quite stable during the whole quarter for Momentum Industrial. As we mentioned in the report, pulp and paper, automotive, and mining have all been good sectors during the quarter. Some sectors, steel, food and beverage, and other industry have been stable. Not really any segment that has been weak during the quarter.
Thank you, Ulf. I will continue with some questions and some answers. You have made 10 acquisitions in 2022 and 2023 altogether, adding about SEK 640 million in revenue. How much of this revenue is included in the rolling 12-month numbers, and how much is then yet to be included? Of the acquired revenue, a bit more than SEK 400 million has thus far not been consolidated in our numbers, but are yet to be consolidated then. The equity to assets ratio has decreased quite significantly in the year, down to 32% compared to 44% one year ago. Can you explain the changes? The greatest change has come this latest quarter, and the reason is really the increased pace in acquisitions, together with the dividend payout after the annual meeting.
Our total assets have increased by some SEK 500 million since the start of the year, combined with the fact that we have not seen the annualized effect in profits from the acquisitions made thus far. Next question, what is the total consideration paid for the acquisitions this year? As you can see from the report, the total consideration is about SEK 350 million, with an effect on the net debt position in the group of about SEK 285 million. What is the leverage ratio measured as net debt to EBITDA after this quarter? Adjusting for IFRS 16 effects, the leverage ratio is about 1.3x . If we include the annualized effect from acquisitions, the ratio is of course lower. Thank you.
Thank you for your time and interest listening to our Q&A presentation, which also available with the report on our website. If you have any question or specific request, do not hesitate to contact us through our IR mail or by phone. Thank you very much and have a nice day.