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Volue ASA

M&A Activity Jun 30, 2023

3783_rns_2023-06-30_f6e5d00a-503a-4196-ad5a-a6c399d7ae2a.html

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VOLUE ASA: CLOSING THE AQCUISITION OF ENERIM OY’s ENERGY SERVICES DIVISION

VOLUE ASA: CLOSING THE AQCUISITION OF ENERIM OY’s ENERGY SERVICES DIVISION

Oslo, June 30th 2023: Reference is made to the announcement May 15th 2023 regarding Volue ASA’s agreement to purchase 100 per cent of Enerim Oy’s energy services division at a value of EUR 30 million settled in cash.

All conditions related to the agreement are met, and the transaction was closed today.

“Going towards 2030, new asset owners will provide a substantial part of the growth in renewable capacity. Combining Enerim’s energy services division with our own capabilities we are becoming a market leader for digital services in renewables. We have operations in Norway, Sweden, Denmark, Finland and Germany from day one, with the ambition to continue growing organically into additional European territories,” says Trond Straume, CEO of Volue.

For further information, please contact:

Arnstein Kjesbu, Chief Financial Officer, Volue +47 970 47 699, [email protected]

Jacob Zeno Clausen Krøvel, Head of Investor Relations, Volue +47 484 03 225, [email protected]

About Volue | www.volue.com

Volue is a market leader in technologies and services that power the green transition. Based on 50 years of experience, Volue provides innovative solutions, systems and insights to industries critical to society. 850 employees work with around 2,500 customers across energy, power grid, water and infrastructure projects that ensure a sustainable, flexible and reliable future. The company is headquartered in Oslo, Norway and active in 40+ countries.

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