OSE NOTIFICATION ARRIBATEC COMPLETES IB ACQUISITION (Oslo, Norway ,27 January 2021 ) A subsidiary ofArribatec Solutions ASA (OSE: ARR, Arribatec) has completed the acquisition ofIB Marine Group , a leading international provider of cloud-based Enterprise Asset Management (EAM) solutions within the maritime sectors. Reference is made to the stock exchange notifications18 November 2020 and11 January 2021 regarding an option to acquireIB Marine Group . The acquisition has now been completed. In connection with the acquisition ofIB Marine Group , Arribatec has also entered into an agreement regarding a private placement of 2.2 million Arribatec shares atNOK 2.20 per share towardsGiampiero Soncini , Chief Executive Officer ofIB Marine Group . The investment is subject to a three-year lock-up. ENDS For additional information, please contact: PerRonny Stav , CEO,Arribatec Solutions ASA : +47 994 42 378 About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered inOslo . With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 450 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 300 people, taken announced acquisition into account, with offices in 13 countries and is listed on theOslo Stock Exchange under the ticker code ARR.
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