Endúr ASA – Repstad to acquire Boston

15 Jun 2026 09:26 CEST

15 June 2026 – Endúr ASA (“Endúr”) is happy to announce that its wholly owned
subsidiary, Repstad Anlegg AS (“Repstad”), has entered into an agreement to
purchase 100% of the shares in Boston AS (“Boston” / “The Company”) from Tor
Vea, through his wholly owned holding company, Tor Vea AS.

Boston is a marine contractor, operating along the entire Norwegian coastline,
specialized in environmental capping, dredging and loading/unloading of vessels.
The Company owns and operates a tailor-made capping unit consisting of a working
barge equipped with a capping drone and a dredge pumping system. The Company’s
operations will be closely integrated with the existing marine contracting
division of Repstad, with Tor Vea resuming his current position. The acquisition
will solidify and strengthen Repstad’s position and capacities within a
promising market niche for environmental capping for various port authorities
and industrial enterprises.

The acquisition values Boston at an enterprise value (“EV”), excluding leasing
liabilities, of NOK ~20 million. The purchase price will be partly settled
through a NOK 3 million seller’s credit and NOK 3 million in consideration
shares in Endúr.

The transaction is expected to be completed during this year’s third quarter,
with closing being subject to the ongoing de-merger of a real-estate assets and
certain other customary conditions.

Advokatfirmaet Bull acted as legal advisor to Endúr.

For further comments, contact:

Media:
Bernt Olav Holen, General Manager of Repstad: +47 906 70 156
Jeppe Raaholt, CEO of Endúr: +47 976 69 759

Investors:
Einar Olsen, CFO of Endúr: +47 924 01 787

(ENDS)

About Endúr:
Endúr ASA (XOSL: ENDUR) is a leading Scandinavian contractor headquartered in
Lysaker and listed on the Oslo Stock Exchange. The company specializes in
critical infrastructure, including bridges, quays, tunnels, and dams. Operating
as a disciplined serial acquirer (compounder), the group utilizes a
decentralized model that grants subsidiaries high autonomy to preserve their
technical expertise and local market positions. Endúr drives long-term value
through strategic platform acquisitions and targeted bolt-ons in fragmented
niche markets.

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