Bouvet

M&A Activity • Dec 11, 2017

Olavstoppen AS becomes wholly owned Bouvet subsidiary

Olavstoppen AS becomes wholly owned Bouvet subsidiary

Oslo, 11 December 2017 - Bouvet ASA has entered into an agreement with IT Forces AS on acquiring the remaining 40 per cent of the shares in Olavstoppen AS, which will give it full ownership of this company.

Olavstoppen is a consultancy with 36 employees and leading-edge expertise in strategic advice on as well as the design and development of user-oriented digital services.

"We're pleased that Bouvet is becoming our sole owner," says Rune Fagermoen, CEO of Olavstoppen. "This gives us opportunities to strengthen and continue developing our collaboration with Bouvet, and provides exciting opportunities in the market."

"Acquiring the remaining 40 per cent of the shares in Olavstoppen is important for our future development as a digitalisation partner," says Sverre Hurum, CEO of Bouvet ASA.

For further information, contact:

- Sverre Hurum, CEO, Bouvet ASA. Telephone: +47 91 35 00 47. E-mail: sverre.hurum@bouvet.no

- Rune Fagermoen, CEO, Olavstoppen AS. Telephone: +47 95 02 84 24. E-mail: rune.fagermoen@olavstoppen.no

Bouvet in brief

Bouvet is a Scandinavian consultancy with more than 1 200 employees, which delivers services related to information technology, digital communication and advice. The company is listed on the Oslo Stock Exchange.