8 June 2026: Reference is made to the stock exchange notice by EQVA ASA (the
"Company") published on 2 February 2026 regarding the acquisition of Einar Øgrey
Farsund AS ("EØF"). The transaction has now been closed.
The consideration is settled with a combination of EQVA shares, a cash component
and a conditional earn-out.
The cash portion of the Closing Payment, equal to NOK 38,957,545 (representing
two thirds of the agreed Closing Payment of NOK 58,436,317), has been settled in
cash. The cash component is financed by the Company's acquisition financing
under the bond loan.
The share consideration, representing the remaining one third of the Closing
Payment, is expected to be issued within the end of June 2026. The Closing
Payment will be subject to customary post-closing adjustments based on final
closing accounts, which will be settled two thirds in cash and one third in
shares, in accordance with the share purchase agreement.
The share consideration will be settled by the issuance of new shares in EQVA
ASA (the "Consideration Shares") to the seller at a subscription price
determined in accordance with the agreed VWAP-based pricing mechanism set out in
the share purchase agreement. The Consideration shares will be subject to a
lock-up period, with 50 percent of the Consideration Shares being released after
12 and 24 months from the date of completion of the acquisition, respectively.
The Consideration Shares will be listed on the Oslo Stock Exchange.
The performance-based earn-out is linked to achieved EBITDA for the financial
years 2026 and 2027, and shall in any event not exceed NOK 60 million. The
earn-out will be settled 50 percent in cash and 50 percent in shares of EQVA
ASA.
About Einar Øgrey Farsund
Einar Øgrey Farsund is a well-established company on the Southern coast of
Norway, offering engineering and design, mechanical fabrication, installation,
and maintenance of mechanical structures and machinery, as well as specialist
expertise in certification and inspection of lifting equipment, non-destructive
testing (NDT), and 3D modelling and scanning. The company will continue to
operate under its established brand as part of the EQVA Group.
For further information, please contact
Olav Hilmar Koløy, CEO EQVA, +47 911 58 829
Daniel Hjertaker Molvik, CFO EQVA, +47 952 26 991
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ments pursuant to section\
5-12 of the Norwegian Securities Trading Act.\