01 April 2025 - Nordic Inspekt Group AB, a subsidiary of ININ Group AS, has
today signed the share purchase agreement to acquire 100 percent of the shares
in Norway-based testing, inspection and certification (TIC) group Testpartner
Gruppen.  

Reference is made to the stock exchange announcement dated 23 January 2025
regarding the transaction. 

This acquisition is another step in Nordic Inspekt Group's expansion plan and
ambition to become one of the leading TIC players in the Nordics. Testpartner
Gruppen will continue to operate as a separate company but will collaborate
closely with Inspekt Norway AS - the current Norwegian arm of Nordic Inspekt
Group. 

Today, Inspekt Norway AS has a presence in the Southern part of Norway, while
Testpartner Gruppen has its stronghold in North Norway. 

"We established ourselves in Norway two years ago and have a rapidly growing
presence in the Norwegian market. The addition of Testpartner Gruppen will
significantly enhance our Norwegian footprint, enabling us to take on more work
and more easily support customers that have operations in multiple locations
across Norway," says Niklas Persson, CEO of Nordic Inspekt Group AB.

ABOUT TESTPARTNER GRUPPEN
Testpartner Gruppen is a leading provider of advanced testing and inspection
services. It delivers services within non-destructive testing (NDT) and
inspection, material testing, welding testing, certification of welders, hull
inspections, inspection and certification of cranes and lifting equipment,
lifeboat davits and lifeboat controls. 

Testpartner Gruppen consists of the companies Testpartner Molab AS, Testpartner
Mo i Rana AS and Testpartner AS including the latter's subsidiary Industrial AM
AS. The group has offices in Mosjøen, Mo i Rana and Sandnessjøen in North
Norway.

In 2024, Testpartner Gruppen delivered unaudited consolidated revenue of
approximately NOK 50 million and an EBIT of NOK 6.5 million. The group has
approximately 40 employees, of which almost all are specialist testing and
inspection personnel. 

TRANSACTION DETAILS
Testpartner Gruppen is valued at NOK 41.2 million in the transaction. The
transaction will be settled through approximately NOK 15.4 million in Nordic
Inspect Group AB shares at closing and approximately NOK 25.8 in cash, divided
in two tranches - one at closing and one following approval of Testpartner
Gruppen's annual accounts for 2024. 

Completion of the transaction is expected during the second quarter of 2025. 

ININ Group AS is listed on Euronext Growth Oslo. The company's majority
shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth
Market in Stockholm, Sweden. 
(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group AS, Tel: +47 910 00 626

About ININ Group AS
ININ Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no

About Nordic Inspekt Group AB
Nordic Inspekt Group AB is a fast-growing leading player within testing,
inspection and certification (TIC) services in the Nordic region. The company
strives to deliver high-quality and reliable services that help customers ensure
quality and compliance with standards. For more information, please visit:
www.inspekt.se / www.inspekt.no