Nekkar - M&A Activity 2024 | FinancialReports.eu

Nekkar ASA: Completion of Globetech acquisition

15.8.2024 13:15:29 CEST | Nekkar ASA | Additional regulated information required

to be disclosed under the laws of a member state

15 August 2024 - Nekkar ASA has today successfully completed the acquisition of

a 67 percent ownership share of fast-growing and profitable maritime

connectivity and digital service provider Globetech AS.

Reference is made to the stock exchange announcement dated 3 July 2024 regarding

the two-stage transaction which by 2027 secures 100 percent ownership of

Globetech.

In the first stage, Nekkar has acquired 67 percent ownership of Globetech. The

share purchase for the 67 percent ownership share has been settled by NOK 66

million in cash, including a locked-box interest amount, and NOK 15 million in

Nekkar ASA shares. The cash-based consideration has been covered by Nekkar's

solid cash balance, while the share-based consideration has been settled by

transfer of 1.482.550 of Nekkar's treasury shares.

Following completion of this transaction, Nekkar holds a total of 1,320,983 own

shares, corresponding to 1.23 percent of the shares in the company.

In 2027, Nekkar will acquire the remaining 33 percent of outstanding shares in

Globetech. The consideration will be settled in cash based on a multiple of

achieved EBITDA in 2027.

(ENDS)

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, [email protected]

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies

combined with high-end software solutions. The group combines 50 years' heritage

from the world's number one shiplift company, Syncrolift, with new investments

into sustainable, digitalised technology businesses that aim to unlock growth

within ocean-based industries such as offshore energy, renewables and

aquaculture.

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