Arribatec Group ASA Divests Arribatec Marine to Star Information Systems

04 Mar 2025 08:10 CET

Oslo, March 4 2025 – Arribatec Group ASA ("Arribatec") has today signed an
agreement to divest Arribatec Marine to Star Information Systems AS ("Star") for
an equity valuation of approximately NOK 25 million. The transaction marks a
strategic step in Arribatec’s ongoing efforts to sharpen its focus and further
strengthen its financial flexibility.

The acquisition by Star, a leading provider of maritime software solutions,
ensures that Arribatec Marine will be backed by an owner with deep industry
expertise and resources to support its continued growth and development.

“This transaction is another important milestone in our strategic realignment,
allowing us to concentrate on our core business areas while improving our
financial flexibility,” said Håkon Reistad Fure, Chairman of the Board of
Arribatec Group. “We are confident that under the ownership of Star Information
Systems, Arribatec Marine will thrive and continue delivering value to its
customers.”

With this acquisition, Star reinforces its position as a key technology partner
in the maritime sector, expanding its portfolio of solutions tailored to the
industry’s evolving needs.

The transaction is expected to be completed in the coming weeks, subject to
customary closing conditions.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and was published by Ole Jakob Kjølvik , CEO, on the
time and date provided.

For further information, please contact:

Ole Jakob Kjølvik
CEO, Arribatec Group ASA
+47 915 98 395
olejakob.kjolvik@arribatec.com

About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1700 companies spread over 25
countries and various industries in the private and public sectors. The company
employs over 320 people with offices in 11 countries and is listed on the Oslo
Stock Exchange under the ticker code ARR.

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