StrongPoint sells its shares in 1X for gross proceeds of NOK 26 million

26 Jun 2025 14:43 CEST

26.6.2025 14:43:53 CEST | StrongPoint | Non-regulatory press releases

(Oslo, 26 June 2025) StrongPoint, a provider of grocery retail technology, has
today signed an agreement to sell its shares in 1X to an undisclosed buyer. The
transaction is expected to be completed during July and will result in a net
gain of NOK 22 million, to be booked as a financial income.

In March 2021, StrongPoint made a financial investment in 1X, purchasing shares
of NOK 4 million. In addition, StrongPoint entered into a distribution agreement
to sell 1X's robotic solutions to European grocery retailers. Whereas 1X has
pivoted its development focus to the consumer market first, StrongPoint is
committed to delivering efficiency to grocery retail stores including delivering
1X's robotic solutions.

CONTACTS

* Marius Drefvelin, CFO StrongPoint ASA, +47 958 95 690,
marius.drefvelin@strongpoint.com

ABOUT STRONGPOINT

StrongPoint is a grocery retail technology company that provides solutions to
make shops smarter, shopping experiences better, and online grocery shopping
more efficient. With approximately 500 employees in Norway, Sweden, the Baltics,
Finland, Spain, the UK and Ireland, and together with a wide partner network,
StrongPoint supports grocery and retail businesses in more than 20 countries.

StrongPoint provides end-to-end e-commerce solutions, including in-store order
picking, automated fulfillment (with AutoStore), click & collect
temperature-controlled grocery lockers, and in-store and drive-thru grocery
pickup solutions. The company also delivers a range of in-store technologies,
such as electronic shelf labels, AI-powered self-checkouts, and cash management
and payment solutions. StrongPoint is headquartered in Norway and is listed on
the Oslo Stock Exchange with a revenue of approximately NOK 1.3 billion [ticker:
STRO].

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/18581331/6256/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

650161_Download announcement as PDF.pdf