Hawk Infinity Software AS – Agreement on Acquisition of Minority Stake in Nytt Foretak

18 Aug 2025 12:43 CEST

Hawk Infinity Software AS (“HIS”) has entered into an agreement for the
acquisition of the remaining 9.9% of the shares in Nytt Foretak AS (“Nytt
Foretak”). The remaining minority stake is purchased by HIS based on an
enterprise value (100% basis) of Nytt Foretak of NOK 120m. The majority of the
settlement for the acquisition will be in shares in HIS’ parent company, Hawk
Infinity AS (“HI”). After the acquisition HIS owns 100% of Nytt Foretak.

Based in Oslo, Norway, Nytt Foretak is a provider of digital services related to
registration and establishment of new limited liability companies in the
Norwegian and Swedish market. The company was founded in 2014 and has built up a
strong position within its niche, serving the leading law, accounting and
project finance firms. Over the last year, the company has successfully expanded
into the Swedish market and overall shown a strong development. Nytt Foretak had
LTM revenues of NOK 19.0m and LTM pro forma EBITDA of NOK 13.0m as of June 2025,
representing a year-over year increase of 57% in terms of revenue and 99% in
terms of EBITDA (H1 2025 vs H1 2024).

In conjunction with the acquisition of the minority stake, HIS has also agreed a
final settlement on the contingent deferred consideration for Nytt Foretak. HIS
will pay a total of NOK 12.6m to settle all claims under the deferred
consideration with the majority of the settlement to be in shares in HI.

The agreement to acquire the minority stake in Nytt Foretak is part of a
conscious strategy for HIS to gradually increase the pro-rata ownership in
companies where the selling founders have retained minority stakes in connection
with the original acquisition. Since Q1 2024, HIS has done the same with
minority stakes in Norbits AS, Marketplace AS and Comby Group A/S where HIS now
controls 100%.

The acquisition and settlement of the deferred consideration agreement will be
funded through available liquidity and an equity issue in HIS towards HI.

For further information please contact:

Joakim Stavnes Karlsen
Chief Executive Officer
Tel: +47 483 88 583
E-mail: jk@hawk.no

Lars Fredrik Revling
Chief Financial Officer
Tel: +47 412 22 772
E-mail: lr@hawk.no

More information:
Access the news on Oslo Bors NewsWeb site