Techstep ASA

M&A Activity • Nov 26, 2025

Techstep Expands into Ireland and the UK Through Strategic Partnership with Fonua

Techstep Expands into Ireland and the UK Through Strategic Partnership with Fonua

Reference is made to the Stock Exchange Release on 12 February 2025, announcing

an LOI with a leading IT vendor in the Ireland and UK markets.

Techstep has now signed the agreement for the strategic partnership with Fonua,

a major IT vendor and trusted provider of mobile devices and services within

Ireland. This marks a new milestone from the LOI signed in February this year,

introducing Lifecyle, Techstep's device lifecycle management platform, to new

markets in Ireland and the UK.

The integration of Techstep's Lifecyle platform with Fonua's offerings will

deliver enhanced value and user experience for customers, enabling organisations

to manage device estates more efficiently and sustainably. Key highlights in

this partnership include:

· First two customers scheduled to onboard in December 2025

· Additional customers to follow in subsequent quarters

· Commercial model includes a license price per device per month

Fonua brings bold ambitions and strong market potential, backed by:

· A large existing customer base in Ireland

· Proven expertise in mobile device services for operators

· Trusted relationships with regional and global industry leaders

"Our go-to-market strategy is all about scaling our Device-as-a-Service offering

in Ireland and accelerating growth in the UK. Partnering with Techstep gives us

the platform and expertise to make that happen. Techstep's ability to seamlessly

integrate hardware, software, and lifecycle services means we can deliver a

complete, future-ready solution to our customers - helping them operate more

efficiently and sustainably as we expand."

-Alan Eyre, Director of Strategy and Business Development at Fonua Ltd.

"This agreement aligns perfectly with Techstep's growth strategy to expand our

market reach in Europe and globally. It also supports Techstep's mission to be a

leading mobile and circular technology partner - helping our partners digitise

manual processes and streamline operations while promoting circular economy

values."

-Morten Meier, CEO of Techstep

For further information, please contact:

Morten Meier, CEO Techstep ASA

+47 970 57 717

About Fonua

Fonua is a leading IT vendor with a strong presence in Ireland, providing mobile

devices and services to operators and enterprises. The company is recognised for

its commitment to innovation and customer-centric solutions.

About Techstep

Techstep is a mobile & circular technology company, enabling organisations to

operate smartly, securely, and sustainably by combining mobile devices, software

and expertise to meet customers' business and ESG goals. We are a leading

provider of managed mobility services in Europe, serving more than 2 100

customers in Europe with an annual revenue of NOK 1.1 billion in 2024. The

company is listed on the Oslo Stock Exchange under the ticker TECH. To learn

more, please visit?www.techstep.io.