Arribatec Group ASA

M&A Activity • Oct 11, 2021

Arribatec Group ASA completes Integra Associates acquisition

Arribatec Group ASA completes Integra Associates acquisition

(Oslo, Norway, 11 October 2021) Arribatec Group ASA (Arribatec, OSE: ARR) today announces the completion of the acquisition of Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions.

Reference is made to the stock exchange notice 4 May 2021 regarding the letter of intent to acquire Integra Associates. Integra is UK's longest-standing Unit4 partner and has helped organizations improve key business processes through industry leading solutions and services. The company, a global elite partner of Unit4 and the 2020 global service partner of the year, has offices in Leicester and Manchester, UK, and consists of a team of 45 highly competent resources.

The acquisition will be settled on the terms set out in the 4 May 2021 announcement: GBP 1.125 million in cash plus the issuance of 2,045,000 new shares in Arribatec, as well as an earn-out element.

Arribatec will register the new share capital with the Norwegian Register of Business Enterprises and issue a separate announcement when the registration of the share capital increase is completed.

Reference is further made to the stock exchange notice by the company on 10 February 2021 regarding the potential acquisition of the four software companies from Spanish based Grupo Hodei. The company has decided not to pursue this acquisition and will not complete an acquisition of the Grupo Hodei companies.

For additional information, please contact:

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

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

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Geir Johansen, CFO, Arribatec Group ASA, on 8 October 2021 at 07:00 CET.

About Arribatec | www.arribatec.com

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 900 large entities spread over 25 countries and various industries, both in the private and public sectors. The company employs over 350 people, when taking announced acquisitions into account, with offices in 18 countries, and is listed on the Oslo Stock Exchange under the ticker code ARR.