Arribatec Group ASA

M&A Activity • Mar 14, 2025

Arribatec Group ASA Completes Divestment of Arribatec Hospitality to Convene AS

Arribatec Group ASA Completes Divestment of Arribatec Hospitality to Convene AS

Oslo, March 14, 2025 – Arribatec Group ASA ("Arribatec") has successfully completed the divestment of Arribatec Hospitality to Convene AS for an equity valuation of NOK 12.5 million. The transaction is part of Arribatec’s ongoing strategy to refine its business focus while further strengthening its financial position.

Convene, a company with extensive experience in technology-driven business solutions, brings the expertise and strategic commitment needed to support the continued expansion and development of the hospitality business. With Convene as the new owner, Arribatec Hospitality is now well-positioned for future growth.

“We are pleased to have completed this transaction with Convene, an owner that has the capabilities and vision to drive Arribatec Hospitality forward,” said Håkon Reistad Fure, Chairman of the Board of Arribatec Group ASA. “This divestment aligns with our strategic priorities, enabling us to focus our resources on our core business areas.”

"We look forward to welcome Arribatec Hospitality into Convene. This acquisition underscores our commitment to simplifying everyday life through innovative, self-service technology. Together, we are uniquely positioned to drive future growth and continue to develop smart solutions that meet evolving customer needs across the hospitality industry" said Ingvill Hestenes, CEO of Convene AS.

For further information, please contact:

Ole Jakob Kjølvik

CEO

Arribatec Group ASA

+47 915 98 395

olejakob.kjolvik@arribatec.com

Ingvill Hestenes

CEO

Convene AS

+47 900 777 877

ingvill.hestenes@convenegroup.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 1700 companies spread over 25 countries and various industries in the private and public sectors. The company employs over 320 people with offices in 11 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.