Aqualis ASA

Extended stock exchange notice - acquisition of Tristein AS - Seite 2

The management team in Tristein consists of Torbjørn Rogde (Managing Director), Tor Arne Vang (Chief Financial Officer), Einar Walderhaug (Operations Manager), Bengt Alexander Kirovic (Senior Marine Advisor), Sigmund Hertzberg (Principlal Marine Advisor) and Harald Wergeland (Manager Renewable Energy).

The Board of Directors in Tristein currently consists of Torbjørn Rogde (Chairman), Harald Wergeland, Bengt Alexander Kirovic, Sigmund Hertzberg, Trond Taraldsen and Einar Walderhaug.

The significance of the transaction for Aqualis

Tristein is a highly respected player on the Norwegian continental shelf. Its position within both offshore oil and gas and renewables is reflected in a number of long-term client relationships and frame agreements.

Upon closing of the transaction, Tristein will be integrated with Aqualis Offshore AS, the Norwegian operating company of Aqualis. The combination of Aqualis Offshore and Tristein is a particular good match in the oil and gas sector. Additionally, Tristein possesses valuable expertise within the renewables and offshore wind segment. Combining the competence of Tristein and Aqualis Offshore will allow Aqualis Offshore to provide an even better service offering to its customers on both the Norwegian continental shelf and abroad.

In less than twelve months, Aqualis Offshore has established 10 offices in several of the world's key oil and gas regions. The company is a specialized offshore marine and engineering consultancy firm that already employs more than 100 people. The company focuses on the shallow and deep-water offshore segments of the oil and gas industry. Its core services includes concept, FEED and basic design engineering for upgrades and conversion of jack-ups, FPSOs and rigs, marine warranty services, transportation and installation, rig moving, dynamic positioning, construction supervision and due diligence services.

See attached document for key financial figures for Tristein.

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For further information, please contact:
Gunnar Manum
Acting CEO
[phone] / [phone]
[e-mail]

Christian Opsahl
CFO
[phone]
[e-mail]

Aqualis ASA is a Norwegian public company focusing on building a profitable and successful business based on its key competences within the marine and offshore and healthcare sectors.

Aqualis Offshore is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Its core services includes concept, FEED and basic design engineering for upgrades and conversion of jack-ups, FPSOs and rigs, marine warranty services, transportation and installation, rig moving, dynamic positioning, construction supervision and due diligence services. The company is currently operating out of 10 offices worldwide.

Aqualis Healthcare is focusing on securing potential value from its patent portfolio and licensing agreements generated by the former Clavis Pharma ASA, as well as investigating new investment opportunities within the healthcare sector. Aqualis Healthcare has a large portfolio of patents relating to its LVT-technology, as well as licensing agreements for the potential development of selected drug compounds.

 

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Key Financial Figures Tristein

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aqualis ASA via Globenewswire

HUG#1779474