EQVA: Strategic review completed: Direction remains unchanged, priorities sharpened

15 Dec 2025 12:21 CET

The board of directors of EQVA, together with newly appointed CEO Olav Hilmar
Koløy and the rest of the management team, has recently completed a strategic
review. The overall direction for EQVA remains unchanged, while priorities have
been sharpened.

EQVA aims to grow and further develop its geographical presence and service
offering, while continuing to build on its strong customer relationships. Growth
will be driven by a combination of organic initiatives and strategic
acquisitions.

EQVA’s business model, with an emphasis on profitable growth, strong cash
generation and low capital intensity, remains unchanged. The group is sharpening
its focus on initiatives and acquisition opportunities that build directly on
its core competence as a total service provider of industrial services.
Further details on the company’s status and strategy are available in the
attached CEO letter to shareholders.




THIS IS EQVA

EQVA is a full-service provider of industrial services, built on development and
long-term ownership of strong and complementary industrial companies.

EQVA’s customers include leading industrial players across smelting operations,
process industry, aquaculture, the maritime sector, and offshore. The Group’s
core competencies span engineering services and mechanical solutions, steel
structures, piping and tank systems, ventilation, power and automation, as well
as the development and operation of hydropower plants.

EQVA combines organic growth with targeted acquisitions to strengthen cash flow,
core operations, and its geographical footprint. Portfolio companies operate
with a high degree of autonomy, within clearly defined frameworks for
governance, reporting, and shared support functions. This model enables
efficient operations, economies of scale, and the realization of synergies –
while preserving close proximity to customers and end markets.

EQVA’s asset-light model and strong focus on cash generation support an
attractive capital structure and enable profitable growth over time. With more
than 660 specialized employees and a strong presence across several of Norway’s
key industrial regions, EQVA is well positioned for continued growth.

More information:
Access the news on Oslo Bors NewsWeb site

661989_CEO letter to EQVAs shareholders.pdf