StrongPoint

M&A Activity • Dec 16, 2016

StrongPoint ASA: Expands internationally - Acquires PYD Seguridad in Spain

StrongPoint ASA: Expands internationally - Acquires PYD Seguridad in Spain

StrongPoint ASA and PYD Seguridad S.L. have signed an agreement today in which

StrongPoint acquires 100 percent of the Spanish company.

The purchase price is EUR 451 480 and has been paid in full at the signing of

the sales- and purchase agreement. The price is based on an expected annual

profit of EUR 200 000 in 2017. StrongPoint assumes responsibility for all net

interest bearing debt related to operations in PYD Seguridad S.L. at

approximately EUR 500 000. In addition, the parties have agreed to an earn-out

based on an average annual growth rate of 20 percent in 2017-2019.

StrongPoint and PYD Seguridad S.L.  have known each other well through years of

active cooperation. PYD Seguridad S.L. has been a reseller of StrongPoint's cash

management solution, CashGuard, for over 10 years. The company will change its

name to StrongPoint S.L.U. and will offer the entire StrongPoint product

portfolio.

PYD Seguridad S.L. is an ambitious Spanish sales company established in 1999

with headquarters in Madrid. The company has 12 employees and an expected

turnover of EUR 3.5 million in 2017. PYD Seguridad S.L.  covers the whole of

Spain through its own sales staff, service technicians and third-party

representatives

PYD Seguridad S.L. has delivered and installed several hundred CashGuard systems

in Spain, Portugal and Andorra. The company has played a crucial role in the

successful deployment of almost 600 CashGuard systems to the Spanish retail

chain Alimerka in 2016.

The founder and principal owner of PYD Seguridad S.L., Javier Aguilera, will

continue as CEO and will join the StrongPoint EMEA team.

"StrongPoint ASA already has a leading market position in Norway, Sweden and the

Baltics. This transaction strengthens our international profile and gives us

direct access to one of Europe's most exciting retail markets," says Jørgen

Waaler, StrongPoint ASA CEO.

"The overall goal with this acquisition is to invest and build StrongPoint Spain

based on the same model as in Norway, Sweden and the Baltics."

For further information, please contact Jørgen Waaler, CEO StrongPoint ASA,

phone: +47 9059 0010

About StrongPoint

StrongPoint's mission: Driving Retailers' productivity by providing innovative

integrated Technology Solutions enabling store owners to perform to their full

potential.

StrongPoint is headquartered in Rælingen, Norway, and has approximately 600

employees in Norway, Sweden, Baltics, France, Germany, Belgium, Spain Russia and

Malaysia. The company is listed on the Oslo Stock Exchange.

For further information: www.strongpoint.com

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.