EQVA continues its positive trajectory, further solidifying its position as a
preferred supplier across its operational segments. In the Q3 report, the
company projected a pro forma turnover of NOK 1-1.2 billion. The lower range of
this estimate has now been revised upward by NOK 100 million, resulting in a new
annual pro forma estimate of NOK 1.1-1.2 billion.

The Nordic Industrial Solutions Group (NIS Group - the parent company for EQVA's
industrial service and maintenance operations,) has achieved significant
milestones. By the end of 2024, the group has secured over 40 active framework
agreements with established industrial partners. These agreements predominantly
involve maintenance and modification tasks and represent a crucial component of
the group's overall operations and employment.

The scope of these framework agreements varies, from small to comprehensive
agreements, and will potentially cover the full spectrum of services, from
analysis, studies, and engineering to the delivery of fully manufactured and
installed products and projects. A frame agreement requires EQVA to always be a
competitive, competent/qualified and service-oriented supplier.
 
Key Deliverables of the NIS Group:

- Technical Installations and Services: Providing electrical and automation
solutions to power-intensive industries, land-based industries, the offshore
sector, the maritime industry, aquaculture, and construction companies.

- Engineering and Fabrication: Delivering services in engineering, construction,
fabrication, and installation of pipe systems, metal structures, and various
grades.

For further information, please contact: 
Even Matre Ellingsen, CEO
Phone: +47 990 05 500

Petter Sørdahl, CFO 
Phone: +47 917 56 147

www.eqva.no

Who We Are and Our Strategy
EQVA is a company group that specializes in acquiring and developing leading
companies within niche markets that provide productive, safe, and sustainable
services & solutions to certain industrial sectors.

We are dedicated to long-term ownership, focused on creating value through
sustainable development, growth, and profitability. Our goal is to acquire
companies that align with our business model, positioning ourselves as an
attractive buyer not solely based on financial terms, but by offering a
comprehensive "toolbox" of expertise, experience, and resources to drive value
creation.

With a well-diversified product and market portfolio, we aim to achieve growth
and value creation through:

Industrial Excellence: Delivering top-quality services and solutions within each
portfolio company.

Synergies: Leveraging collaboration and integration across our group.

Targeted M&A Activities: Expanding strategically to strengthen our position and
capabilities.

Key companies in the group include BKS and Fossberg Kraft, both building on
decades of experience and widely recognized for their contributions to a broad
range of industries.