Arribatec Group ASA

M&A Activity • Feb 24, 2021

CLOSING OF QUALISOFT ACQUISITION

CLOSING OF QUALISOFT ACQUISITION

OSE NOTIFICATION

CLOSING OF QUALISOFT ACQUISITION

(Oslo, Norway, 24 February 2021) A subsidiary of Arribatec Solutions ASA (OSE: ARR) today announces the closing of the acquisition of Qualisoft AS, a leading and fast-growing provider in Enterprise Architecture and Business Process Management solutions.

Reference is made to the Oslo Stock Exchange announcement 2 December 2020 regarding the Letter of Intent to acquire Qualisoft. The acquisition has today been signed and closed. 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.

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 450 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 300 people, taken announced acquisitions into account, with offices in 11 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.