Scana — M&A Activity 2023

Dec 1, 2023

Scana company completes agreement for business transfer from an electrical company

Scana company completes agreement for business transfer from an electrical company

Bergen, 1 December 2023: Reference is made to the stock exchange notice by SCANA ASA (OSE: SCANA) on November 15th, 2023, regarding the business transfer from an electrical company. Scana-owned PSW Technology AS has completed an agreement for a business transfer from Future Energy AS, involving the transfer of specific assets, rights, and obligations, including 58 employees.

The business transfer is based on a company value of NOK 12,000,000. The final purchase price for payment will be based on a pro-contra settlement involving transferred assets and liabilities. The purchase price will be settled in cash.

For more information, please contact:

Pål Selvik, Chief Executive Officer, Scana ASA, +47 970 46 502

Richard Cornell, Managing Director, PSW Technology AS, +47 952 31 652

PSW in brief

PSW is a supplier of products, systems and services to energy companies and the maritime industry. The group's multidisciplinary expertise, state-of-the-art facilities and strategic partnerships enable us to meet industry requirements and customer challenges with safe, dependable, and cost-effective solutions. psw.no

Scana in brief

Scana is a listed industrial owner company in the ocean industries creating value through active ownership in market-leading portfolio companies. Scana is headquartered in Bergen and has approximately 500 employees. www.scana.no