Aalborg, Denmark, 1 January 2021 - Asetek A/S today announces the signing of an
agreement for the acquisition of intellectual property from Finland-based
Granite Devices Inc. to support the continued development of the company's
Gaming and Enthusiast offering led by the Asetek eSports Academy.

The acquisition includes software, consultancy, hardware and mechanical designs.


Asetek will as a part of the capital transaction pay a total consideration of
$6.8 million, of which $3.4 million is paid in in cash and the remaining
consideration by virtue of newly issued shares in Asetek.

Asetek's issue of new shares will be directed towards Granite Devices Inc. The
new shares will be issued pursuant to authority granted by Asetek's shareholders
at the extraordinary general meeting on 29 October 2020.

The issuance of shares is expected to be completed as soon as reasonably
possible. When the directed issue of shares is completed, Asetek will announce
this in a separate stock exchange release, including the number of shares
issued.

"As we develop our eSport Academy, we see new business opportunities emerging
within our Gaming and Enthusiast business. These opportunities have led us to
strengthen our knowhow and IP to further develop our positioning and product
offering in a rapidly growing market segment," said André Sloth Eriksen, CEO and
founder of Asetek. "The knowhow and IP we now add are highly complementary to
our established capabilities and position within electronic, electrical,
software and mechanical engineering systems, and will allow significantly faster
go to market with a series of new products."
Separately, also motivated by Gaming and Enthusiast opportunities, Asetek in
November closed the acquisition of UK-based UltimateGameTech and its software
and hardware solutions for approximately GBP 1 million in cash. Asetek has
retained one software engineer following the transaction.

Asetek will provide an update on its strategic development at a Capital Markets
Update scheduled for 3 March 2021. More details to follow later. The company
will release its fourth quarter and annual report for 2020 on February 24, 2021.

About Asetek
Asetek, the creator of the all-in-one liquid cooler, is the global leader for
liquid cooling solutions for high performance gaming and enthusiast PCs, and
environmentally aware data centers. Founded in 2000, Asetek is headquartered in
Denmark and has operations in China, Taiwan and the United States. Asetek is
listed on the Oslo Stock Exchange (ASTK.OL).

www.asetek.com

For further information, please contact:
CEO and Founder André S. Eriksen
+45 2125 7076, email: ceo@asetek.com
Asetek A/S
Assensvej 2
DK-9220 Aalborg East
Denmark