Arribatec Group ASA

Earnings Release • Jun 25, 2024

Arribatec confirms EUR 6.3 million ERP contract with EU agency

Arribatec confirms EUR 6.3 million ERP contract with EU agency

(Oslo, Norway, 25 June 2024) Arribatec Group ASA (OSE: ARR, Arribatec) today announces the final award of the EUR 6.3 million ERP support contract with European External Action Service (EEAS), a European Union (EU) agency.

Reference is made to the stock exchange announcement on 9 May 2024 regarding the award of an ERP support contract with an undisclosed European public agency, pending customary processes for public tenders. Following the closing of the process, European External Action Service is announced as contract partner. EEAS is the European Union’s diplomatic service and carries out the EU’s Common Foreign and Security Policy across the globe.

The contract will include multiple projects over the next four years, e.g. support and improvements of the EEAS Unit4 ERP solution and related business processes, in addition to migration to the Unit4 Cloud. The project will be delivered by the consortium of CST Advisory, a Belgian management consultancy company, and Arribatec.

“We are excited to have been chosen to partner with EEAS, which further cements our company's position as the largest global Unit4 ERP services provider as well as the trusted partner for cloud migrations,” says Geir Johansen, CEO of Arribatec.

The total contract value is approximately NOK 92 million (€ 7.900.000), of which a minimum of 80%, or approximately NOK 73.6 million (€ 6.320.000) will be delivered by Arribatec.

“The EEAS award showcases our ERP and system integration expertise, as we are leveraging on the opportunities provided by our substantial pipeline of cloud migration related projects,” says Tom Vandezande, Executive Vice President Business Services.

ENDS

For additional information, please contact:

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Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451

Tom Vandezande, EVP Business Services, Arribatec Group ASA: +34 656313958

About Arribatec | www.arribatec.com

Arribatec is a software and consulting company headquartered in Oslo. With a customer-centric engagement model combined with a deep system, integration, and domain competence, Arribatec builds long-term strategic partnerships with a broad customer base. Arribatec serves more than 1700 companies spread over 25 countries and various industries in the private and public sectors. The company employs over 380 people with offices in 11 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.