Arribatec Group ASA

M&A Activity • Jan 11, 2021

ARRIBATEC INITIATES ACQUISITION OF IB MARINE GROUP

ARRIBATEC INITIATES ACQUISITION OF IB MARINE GROUP

OSE NOTIFICATION

ARRIBATEC INITIATES ACQUISITION OF IB MARINE GROUP

(Oslo, Norway, 11 January 2021) A subsidiary of Arribatec Solutions ASA (OSE:ARR, Arribatec) has today called the option to acquire IB Marine Group, a leading international provider of cloud-based Enterprise Asset Management (EAM) solutions within the maritime sectors.

Reference is made to the stock exchange notification 18 November 2020 regarding an option to acquire IB Marine Group. The option as today been called, and the acquisition process will commence effective immediately.

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 acquisition into account, with offices in 11 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.