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StrongPoint M&A Activity 2020

Dec 23, 2020

3767_rns_2020-12-23_f1a37554-9957-42b7-a807-361271b06e95.pdf

M&A Activity

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StrongPoint announces closing of Divestment of Cash Security business, December 23, 2020

23.12.2020 18:46:05 CET | StrongPoint | Additional regulated information required to be disclosed under the laws of a member state

Reference is made to the announcement made on December 18, 2020 by StrongPoint ASA ("StrongPoint", ticker: STRO) concerning the divestment of Cash Security business area to Cennox Ltd. StrongPoint today announces that the first phase of the divestment was completed on December 23 2020. The transaction includes a performance-based earn-out for the years 2021-2023, and the final payment is expected in January 2024. The divestment follows StrongPoint's 2025 growth strategy to focus on instore and e-commerce retail technology.

Disclaimer

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contacts

Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158, [email protected]

Attachments

Download announcement as PDF.pdf