AKVA Group - M&A Activity 2021 | FinancialReports.eu

AKVA group ASA: Acquires equity stake in Observe Technologies

AKVA group ASA (AKVA) has acquired 33.7% of the shares in Observe Technologies

Ltd (Observe) to further strengthen its digital strategy, as presented at the

recent Capital Markets Day.

Observe, through partnership with AKVA, has successfully sold and delivered

their artificial intelligence (AI) feeding solutions to more than 20 farm sites

in 5 different countries. With this new agreement, AKVA and Observe will

continue to develop and leverage their complimentary technologies and solutions

using AI to partner with customers to improve fish performance.

Dated: 9 February 2021

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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