Atea

M&A Activity • Dec 29, 2025

Atea sells 51% stake in Latvian subsidiary AppXite SiA to Aries Global

Atea sells 51% stake in Latvian subsidiary AppXite SiA to Aries Global

Atea has entered an agreement to sell 51% of shares in its Latvian subsidiary

AppXite SiA to the UK-based Aries Global. Atea will retain 41% of shares in

AppXite on a fully diluted basis, following the execution of share sale and

option agreements with key employees in AppXite.

AppXite SiA provides a platform for the distribution and resale of subscription

-based software and IT services. AppXite's customers include Atea, as well as

other international software and IT service providers. AppXite SiA is forecast

to generate IFRS revenue of approximately EUR 5 million in 2025, with a

breakeven EBIT. The sale price for the 51% stake in AppXite is up to EUR 10.7

million.

"AppXite has developed an excellent platform for managing subscription-based

software and IT services. The business has tremendous potential going forward.

We look forward to working together with Aries Global to bring AppXite to the

next stage of its development," commented Atea CEO Steinar Sønsteby.

For more information, please contact:

Steinar Sønsteby, Group CEO: mobile +47 930 55 655

Robert Giori, Group CFO: +47 934 09 188

About Atea

Atea is the leading supplier of IT infrastructure in the Nordic and Baltic

regions. Atea is present in 88 cities with nearly 8,000 employees in Norway,

Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware

and software from leading global vendors, and provides consulting and technical

services to support its customers with the design, implementation and operation

of their IT environments. Atea had revenue of approximately NOK 35 billion (EUR

3 billion) in 2024 and is listed on Oslo Stock Exchange. www.atea.com