EXHIBIT 2.2
CERTAIN PORTIONS OF THIS EXHIBIT (INDICATED BY [***]) HAVE BEEN
EXCLUDED PURSUANT TO ITEM 601(B)(10) OF REGULATION S-K BECAUSE THEY
ARE BOTH NOT MATERIAL AND ARE THE TYPE THAT THE COMPANY TREATS
AS PRIVATE AND CONFIDENTIAL.

LOCAL ASSET PURCHASE AGREEMENT
among:
Senseonics Sweden AB (hereinafter the “Purchaser Affiliate”)
Ascensia Diabetes Care Holdings AG (hereinafter the “Seller Parent”)
and
Ascensia Diabetes Care Sweden AB (hereinafter the “Seller Affiliate”)
Dated as of March 12, 2026

THIS LOCAL ASSET PURCHASE AGREEMENT (the “Agreement”), dated as of March 12, 2026, is by and among, ASCENSIA DIABETES CARE HOLDINGS AG, a company organized under the laws of Switzerland (hereinafter “Seller Parent”), Ascensia Diabetes Care Sweden AB, reg. no. 559024-5345, a limited liability company incorporated in Sweden, with address at Gustav III Boulevard 34, 169 73 Solna, Sweden (the “Seller Affiliate” and together with Seller Parent, the “Seller Parties”) and Senseonics Sweden AB, reg. no. 559549-6026, a limited liability company incorporated under the laws of Sweden, with address at c/o Athene Tax AB Textilgatan 31, 120 30 Stockholm, Sweden (the “Purchaser Affiliate”). Any capitalized terms used in this Agreement and not herein defined shall have the meaning assigned to such terms in the Master Purchase Agreement attached hereto as Annex A.
Preamble
A.Seller Parent, which is the ultimate parent company of the Seller Affiliate, and Senseonics, Incorporated, a Delaware corporation (hereinafter “Purchaser Parent”), the ultimate parent company of the Purchaser Affiliate have entered into a Master Asset Purchase Agreement, dated December 31, 2025 (as may be amended from time to time, the “Master Purchase Agreement”), pursuant to which, among other things, Seller Parent agreed to sell or cause one or more of its Affiliates (including Seller Affiliate), to sell to Purchaser Parent or one or more of its Affiliates (including Purchaser Affiliate), certain CGM Activities (as defined in the Master Purchase Agreement) in particular through the sale of certain assets of certain affiliates of Seller Parent.
B.Seller Affiliate owns the right, title and interest to the Specified European Assets located in Sweden representing its business (going concern) of marketing, selling and distributing the Products in Sweden (collectively, the “Sweden Purchased Assets”) and desires to sell them to Purchaser Affiliate, and Purchaser Affiliate wishes to purchase from Seller Affiliate, the Sweden Purchased Assets and, in connection therewith, Purchaser Affiliate is willing to assume the Sweden Assumed Liabilities (as defined below) (the Sweden Assumed Liabilities together with the Sweden Purchased Assets, collectively, the “Sweden Business”), in each case, upon the terms and subject to the conditions set forth in this Agreement and the Master Purchase Agreement.
NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions set forth in this Agreement and the Master Purchase Agreement, the Parties agree as follows:
Unless otherwise expressly stated in this Agreement, terms used but not defined herein shall have the meanings assigned to them in the Master Purchase Agreement. The following terms, used in this Agreement, have the following meanings:
“Applicable Law” means any law, statute, legislation, ordinance, code, rule or regulation, including any EU regulation, treaty or international agreement, as well as any judgment, order, injunction, ruling, decision or other legally binding requirement of any court, tribunal, governmental, regulatory or supervisory authority, in each case as in force and applicable to the relevant Person from time to time.
“Closing” shall mean the consummation of the transactions set forth in Section 4 of this Agreement.
“Closing Date” shall mean the date of Closing as provided for in Section 4 of this Agreement.
“Encumbrances” shall mean any pledge (Sw. panträtt), enterprise mortgage (Sw. företagshypotek), mortgage (Sw. inteckning), security interest, encumbrance, claim, preference, right of possession, lease, tenancy, license, easement (Sw. servitut), restrictive covenant, infringement, interference, court order, proxy, option, right of first refusal, pre-emptive right, defect, impediment, exception, reservation, limitation, impairment, imperfection of title, condition or restriction of any nature (including any restriction on the transfer of any asset, any restriction on the receipt of any income derived from any asset, any restriction on the use of any asset and any restriction on the possession, exercise or transfer of any other attribute of ownership of any asset), right of use or usufruct (Sw. nyttjanderätt), retention of title (Sw. äganderättsförbehåll), mandatory transfer right / right of first offer (Sw. hembud) and any other third party right.
“Master Purchase Agreement” has the meaning set forth in Preamble A.
“Material Adverse Change” means any event, change, circumstance or effect that, individually or in the aggregate, has a material adverse effect on the Sweden Purchased Assets.
“Purchaser Parent” has the meaning set forth in Preamble A.
“Products” shall mean the following Purchaser proprietary products currently marketed under the brand “Eversense”: (a) Eversense® CGM System (90-day product); (b) Eversense® XL CGM System (180-day product outside the US); (c) Eversense XL 2.0; and (d) extended Eversense 365-day product (Rome 1 & Rome 2).
“Seller Parent” has the meaning set forth in Preamble A.
“Sweden Assumed Liabilities” has the meaning set forth in Section 2.3.
“Sweden Business” has the meaning set forth in Preamble B.
“Sweden Excluded Assets” has the meaning set forth in Section 2.2.
“Sweden Purchased Assets” has the meaning set forth in Preamble B.
“Sweden Purchase Price” has the meaning set forth in Section 3.
“Sweden Transferred Employees” has the meaning set forth in Section 2.5.
2
3
| 5. | Closing Conditions. |
4
5
6
7
8
9
[Signature Page Follows.]
10
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first written above.
Ascensia Diabetes Care Holdings AG
(two signatories required)
By: /s/ Koichiro Sato
Name: Koichiro Sato
Title: Chief Executive Officer
Ascensia Diabetes Care Holdings AG
(two signatories required)
By: /s/ Marieke Jansen
Name: Marieke Jansen
Title: General Counsel
[Signature Page to Local Asset Purchase Agreement (Sweden)]
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first written above.
PURCHASER AFFILIATE:
Senseonics Sweden AB
By: /s/ Timothy T. Goodnow, Ph.D.
Name: Timothy T. Goodnow, Ph.D.
Title: Director
By: /s/ Rick Sullivan
Name: Rick Sullivan
Title: Director
[Signature Page to Local Asset Purchase Agreement (Sweden)]
Schedule 1
Sweden Purchased Assets
[***]
Schedule 2
Tender Contracts
[***]
Schedule 2.2
Sweden Excluded Assets
[***]
Schedule 2.5
Sweden Transferred Employees
[***]
Schedule 3
Other Sweden Transferred Contracts
[***]