ININ Group AS: Subsidiary awarded long-term agreement

27 Oct 2025 09:00 CET

27 October 2025 – ININ Group’s subsidiary Laje AS has been awarded an agreement
by Norwegian grid operator Elvia to provide on-call services for repairs of
power lines and poles.

The agreement is valid for two years, plus two two-year options (2+2+2). Laje
estimates that the agreement could generate revenues of between NOK 15-20
million annually. If all options are exercised, the agreement could potentially
generate revenues of between NOK 90 and 120 million during the next six-year
period.

Laje’s scope involves on-call support to mobilise grid technicians to fix power
lines, poles and other equipment that, for example, are impacted by adverse
weather conditions or other factors.

Elvia is responsible for operation, maintenance and development of the power
grid in the Norwegian counties of Oslo, Innlandet, Akershus and Østfold.

Inin Group’s majority owner is Stockholm-listed Qben Infra AB. Laje is the main
platform company in Qben Infra’s Power niche.

Laje is a focused infrastructure construction and service company within the
energy infrastructure, telecom and electrification sector. The company’s
business is divided into three business segments: energy infrastructure, telecom
and electrification, all focusing on the ongoing electrification and
digitalization megatrends.

(ENDS)

For further information, please contact:
Anders Granshagen, Qben Power; tel: +47 911 98 444

About ININ Group AS
ININ Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no

More information:
Access the news on Oslo Bors NewsWeb site