March 3, 2025 - EQVA ASA («EQVA» or the "Company") has entered into an agreement
to acquire 100% of the shares in Austevoll Rørteknikk AS ("ART"). The
acquisition will be carried out by EQVA's wholly owned subsidiary EQVA
Industrial Solutions AS (EIS) and aligns with EQVA's strategy for growth and
expansion within industrial services and the aquaculture segment.

This acquisition enhances EQVA's presence on the west coast of Norway,
particularly in pipe installation, maintenance, and specialized fabrication for
the aquaculture industry. ART has a solid customer base, including fish farming,
seafood processing, and related industries. The acquisition is of strategic
importance and will potentially contribute to notable industrial synergies:
o EQVA strengthens its position in the aquaculture and seafood industry, a
sector with increasing demand for maintenance and specialized technical
solutions
o ART has a well-established operation that complements EQVA's existing
activities, particularly in cooperation with BKS Group, where specific joint
projects already have been identified
o Expands EQVA's customer portfolio and enhances its capacity to deliver
multidisciplinary industrial projects along the Norwegian coast
o ART's experienced management and employees will remain in their current roles
to ensure business continuity and future growth

"Austevoll Rørteknikk is a well-managed company with a strong position in its
market. This acquisition represents an important step in developing EQVA's
industrial services, and further on executing our growth strategy. We look
forward to working with ART's talented team to create additional value for our
customers and shareholders", says Even Matre Ellingsen, CEO of EQVA ASA.

"We are very positive about joining EQVA group. EQVA brings us strategic
resources and a broader market reach that will contribute to the continued
development of our company", says Frode Mikal Vågen, Managing Director of
Austevoll Rørteknikk AS.

The transaction will be partly funded by existing cash from within the group,
and partly by shares in EQVA ASA. The shares will be subject to a lock-up
period, with 50 percent of the shares being released after 12 and 24 months from
the date of the completion of the acquisition of the shares of ART,
respectively. The shares will be listed on the Oslo Stock Exchange. The
acquisition is expected to be accretive for EQVA and EQVA's shareholders.

The transaction is expected to be completed by the end of Q2 2025, subject to
certain conditions and necessary approvals. ART will continue operating under
its current brand and management.

About Austevoll Rørteknikk
Austevoll Rørteknikk AS was established in 2011 and specializes in piping
services, maintenance, prefabrication, and specialized installations for the
aquaculture and related industries. The company has a solid financial track
record, with an estimated 2024 revenue of more than NOK 30 million and 2024
EBITDA of approx. NOK 3.5 million (unaudited). ART is headquartered in
Austevoll, Vestland, and operates all over Norway.

About EQVA
EQVA is main board listed Norwegian compounder company that specializes in
acquiring and developing tier-1 companies that provide productive, safe, and
sustainable service & solutions to leading industrial companies.

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. We are 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.

EQVA is built on three platforms: EQVA Industrial Solutions, Renewables and Real
Estate. EQVA Industrial Solutions is the main platform, generating more than 90
% of EQVA's revenues in 2024. Key companies under EQVA Industrial Solutions
include BKS Group, IMTAS Group and Kvinnherad Elektro Group.

For more information, contact: 
Even Matre Ellingsen CEO EQVA ASA, + 47 990 05 500