Horisont Energi AS ("Horisont Energi", ticker: HRGI) has entered into an
agreement to acquire 100 percent of the shares in NOS Technology AS ("NOS
Technology") for a total purchase price of NOK 27.5 million. The settlement will
be made by issuing 19,642,859 new shares in Horisont Energi corresponding to a
price of NOK 1.40, which is 21 percent above the latest closing price.
The acquisition is a strategic move to strengthen Horisont Energi's
technological and operational capacity. NOS Technology provides engineering
services to the oil and gas industry and has expertise that both overlaps and
complements Horisont Energi. NOS Technology is self-financed, and the
transaction will create a robust structure with its own financing capacity.
By acquiring NOS Technology, Horisont Energi will be better equipped to allocate
necessary resources to its own projects and at the same time be able to generate
income from NOS Technology's existing order book.
The work to develop Gismarvik CO2 Hub in Haugaland Næringspark, Norway, will
continue unabated after the transaction, says Brita Holstad, CEO of the company.
We expect the new grouping to yield positive results as early as 2026, she
continues.
The company will call an extraordinary general meeting to be held on December 5,
2025.
This stock exchange release contains inside information that has been subject to
deferred publication, in accordance with the Market Abuse Regulation (MAR).
For more information please contact:
Brita Holstad
CEO
+47 9518 4992
bh@horisontenergi.com
Olav Østhus
Styreleder
+47 9256 1494
olav@brind.no