Arribatec Group ASA

M&A Activity • Dec 1, 2020

CLOSING OF INNIT AS ACQUISITION

CLOSING OF INNIT AS ACQUISITION

OSE NOTIFICATION

CLOSING OF INNIT AS ACQUISITION

(Oslo, Norway, 1 December 2020) Arribatec Solutions ASA (OSE: ARR) today announces the closing of the acquisition of Innit AS.

Reference is made to the Oslo Stock Exchange notification of 3 November 2020 regarding the share purchase agreement related to the acquisition of 100% of the shares in Innit AS.

The acquisition was finalized and closed 1 December 2020, as outlined in the 3 November 2020 notification.

ENDS

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378

Martin Nes, Chairman of the Board, Arribatec Solutions ASA: +47 920 14 814

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 partnership with a broad customer base. Arribatec serves more than 300 large entities spread over 20 countries and various industries, both in the private and public sector. The company employs over 170 people with offices in 9 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.