NOD: Nordic Semiconductor ASA will not proceed with the potential acquisition of Novelda AS

01 Nov 2024 10:15 CET

(Oslo, November 1, 2024) Nordic Semiconductor ASA, today announced that it will
not proceed with the acquisition of Novelda AS as previously contemplated under
the Letter of Intent (LOI) dated October 16, 2024.

For further information, please contact:

Pål Elstad, CFO, Nordic Semiconductor ASA, phone: +47 991 66 293

Ståle “Steel” Ytterdal, SVP IR, Nordic Semiconductor ASA, phone: +47 930 37 430

About Nordic Semiconductor:
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today’s Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway.

More information:
Access the news on Oslo Bors NewsWeb site