ABL Group ASA: Completion of Hidromod acquisition

01 Oct 2024 14:19 CEST

1 October 2024 – Reference is made to the stock exchange announcement dated 12
September 2024 regarding ABL Group entering into an agreement acquire 100
percent of the shares of Hidromod. The transaction has been successfully
completed today.

Hidromod is Portugal’s leading consultancy in water management solutions and
numerical modelling. Through this acquisition, ABL Group expands its service
offering to water management consultancy to support offshore, coastal and inland
assets and projects, including with Hidromod’s proprietary subscription-based
software AquaSafe. The deal will also enhance existing offerings in ports and
harbours consultancy and in climate change risk assessment and adaptation.

(ENDS)

For further information, please contact:

Investors and financial media:
Stuart Jackson, Chief Financial Officer, email: stuart.jackson@abl-group.com; or
Haakon Brandrud, Director of Strategy and Corporate Development, telephone: +47
95 07 05 12, email: haakon.brandrud@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS, telephone: +47 41 61 06 05, email:
endre.johansen@corpcom.no

About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 42 countries worldwide and operates under four
brands: ABL, OWC, Longitude and AGR.

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