As the leading system integrator in the Nordics, Goodtech has a strong core in
industrial automation and digitalization. The company has previously announced
its ambition to strategically reposition Goodtech and takes an important step to
focus its activity and strengthen profitability by exiting the subsidiary
Goodtech Solutions AB ("GSAB"). 

GSAB has strong roots in the Swedish manufacturing industry and is recognized in
the market for its assembly of production lines and robot cells. Goodtech has in
its strategic business reviews deemed that this segment is exposed to higher
risk and lower reward-type projects than the rest of Goodtech's operations and
requires higher revenue volumes and scale to deliver sustainable profits.
Goodtech's core business is defined as industrial automation and digitalization,
with typical project risk exposure considered to be low or balance. GSAB has
therefore been considered to be outside Goodtech's core business focus, and the
group has decided to divest the activity to Lazarus Industriförvaltning AB
("Lazarus"), a Swedish investment company. 

"This is a long-term and strategic investment for us in an industry where we
have extensive experience and see great potential. We look forward to developing
the business further together with the company's employees and customers,
creating sustainable growth going forward" says Pascal Keck, partner at Lazarus.

Through this transaction, Goodtech ASA will divest 100% of its shares in GSAB to
Lazarus. This transaction does not implicate an exit out of Sweden for Goodtech.
Goodtech's strategic ambition is to continue to transform the industry through
automation and digital solutions, and the company will continue to look for
potential growth venues in its core business area going forward. 

"We are very happy to have found a solution with Lazarus to grow GSAB further.
This transaction will benefit the customers, the GSAB employees and Goodtech,
and marks yet another significant milestone in Goodtech's strategic
repositioning" says Margrethe Hauge CEO of Goodtech ASA. 

This transaction means that Goodtech - in accordance with the guidelines in IFRS
5, will disclose GSABs financials as held for sale in the balance sheet and as
discontinued operations in the P&L statement for Q4 2024 to be released to the
market 14.02.2025. GSABs unaudited financial statement for 2024 currently
indicates revenue of 140 MSEK, and EBITDA of -20.4 MSEK, which needs to be
adjusted for intercompany and IFRS 16 leasing effects. These - in addition to a
5.1 MNOK goodwill write-down associated with the sale will be acknowledged and
addressed further in the notes of Goodtechs upcoming annual report for 2024.

The share purchase agreement was signed and closed on 10.02.2025, with an
undisclosed transaction value.

For media inquiries, please contact:

Margrethe Hauge, CEO Goodtech ASA
Phone: +47 957 96 920
Email: Margrethe.hauge@goodtech.no  

Anders Engelsen, CFO Goodtech ASA
Phone: +47 932 07 901
Email: anders.engelsen@goodtech.no 

IMPORTANT INFORMATION 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Anders Engelsen, CFO Goodtech ASA, at the
time and date stated above in this announcement. 

This release contains forward -looking information and statements relating to
the business, performance, and matters that may impact the results of the group.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "aims," "anticipates," "believes," "estimates,"
"expects," "foresees," "intends," "plans," "predicts," "projects," "targets,"
"potential," and similar expressions. Such forward-looking statements are based
on current expectations, estimates, and projections, reflect current views
concerning future events, and are subject to risks, uncertainties, and
assumptions, and may be subject to change without notice. Forward-looking
statements are not guarantees of any future performance, and risks,
uncertainties, and other important factors could cause the actual business,
performance, results, or the industry and markets in which the group operates to
differ materially from the statements expressed or implied in this release by
such forward-looking statements. No representation is made that any of these
forward-looking statements or forecasts will come to pass or that any forecasted
performance, capacities, or results will be achieved, and you are cautioned not
to place any undue reliance on any forward-looking statements.

This release is for information purposes only and is not to be relied upon in
substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the group.