Techstep ASA

Regulatory Filings • Dec 23, 2025

Techstep ASA: Signing of Agreement for divestment of Business Critical Mobility business in the Nordics

Techstep ASA: Signing of Agreement for divestment of Business Critical Mobility business in the Nordics

Reference is made to the stock exchange announcement from Techstep ASA

("Techstep" or the "Company") on 27 November 2025 regarding the potential

divestment of its Business Critical Mobility business (the "BCM Business") to

IDnet AB, a subsidiary of Lexit Group AS (the "Transaction").

Techstep has today signed a definitive agreement for the divestment of the BCM

Business to IDnet AB. The Transaction is expected to be completed during Q1 2026

following a successful carve-out of the BCM Business.

The purchase price for the BCM Business is SEK 136 million (corresponding to

approx. NOK 149 million based on current SEK/NOK exchange rate), subject to

certain adjustments in connection with the carve-out, including relating to

prepayments and inventory.

The proceeds from the Transaction will be used towards repayment of the

Company's interest-bearing debt.

The Transaction is further subject to customary closing conditions, including

regulatory approvals.

"Signing this agreement is an important milestone in our strategy to concentrate

on our core managed mobility services and scaling into Europe with our own

software solutions. This transaction strengthens our financial position whilst

ensuring continuity for customers and employees through a strong partnership

with Lexit Group," said CEO of Techstep ASA Morten Meier.

"We are very pleased to have reached this agreement with Techstep. The BCM

business is a natural fit with our existing operations and expansion strategy.

We look forward to welcoming the BCM team and customers to the Lexit Group,"

said Chairman of Lexit Group AS, Sjur Skjæveland.

For more information, please contact:

Morten Meier, CEO, Techstep ASA: +47 970 57 717

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep ASA

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.

About Lexit Group

Lexit Group is the largest player in the Nordics in the area that Techstep has

defined as Business Critical Mobility, i.e., solutions for data capture and

digitalisation in operations throughout the value chain from production, in

warehouse and logistics and in retail. The Group has revenue of about NOK 1.7

billion and about 300 employees. Techstep's BCM business will become part of

Lexit's Swedish subsidiary, IDnet AB.

This notification is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.