22 May 2023 - Inin Group's subsidiary Nordic Inspekt Group AB has agreed to the
principal terms of an agreement to acquire Swedish non-destructive testing (NDT)
company AlfaTest AB. 

The planned acquisition will provide access to the attractive global maritime
market, where AlfaTest holds a strong position, and strengthen the group's
position in the Swedish non-destructive testing market.

AlfaTest holds all the important industrial accreditations required to perform
non-destructive testing. The company possesses both accreditations for
conventional land-based manufacturing and processing industry, plus the
international certifications required to support the marine and offshore sectors
with NDT-services.

"AlfaTest is located in Sweden and has a global footprint through agreements
with Swedish and international shipyards and shipowners that bring AlfaTest's
experts around the world. We aim to continue to grow AlfaTest both in the
onshore and maritime industries," says Niklas Persson, head of Nordic Inspekt
Group AB.

Inspection is one of Inin Group's investment platforms, headed up by Nordic
Inspekt Group AB. Nordic Inspekt Group utilizes M&A as strategy to build up a
challenger in the rapidly growing Nordic NDT and TIC market. 

ABOUT ALFATEST AB
AlfaTest is a specialized NDT and engineering company in the shipping,
industrial and offshore industries. The company, which is headquartered in
Landskrona, Sweden, has a 20-year track record from NDT and TIC services.
  
AlfaTest's services include non-destructive testing, ultrasonic thickness
measurement, 3D scanning, design, rope access, steel structure inspection,
coating inspection as well as QM consulting services. 

In 2022, AlfaTest delivered revenues of SEK 14.2 million, with EBIT of SEK 1.9
million. The company is headed by Mark Denny and has six employees in addition
to a large network of independent TIC specialists. 

All three current shareholders of AlfaTest will continue with the company. 

The current owners of AlfaTest comment that they see this acquisition
positively, and as the right fit. By joining forces and becoming a part of
Nordic Inspekt Group, AlfaTest can strengthen our Maritime presence in the
Nordic countries, offering our services to ship and rig owners. As a group, we
will be leaner and stronger, able to make decisions quickly where necessary and
most importantly, keep the focus of our customers' best interests.    

The transaction is subject to customary closing conditions, satisfactory due
diligence, and final transaction documentation. Signing of the final share
purchase agreement and closing of transaction is expected to by the end of the
second quarter 2023.

(ENDS)

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

About Inin Group AS
Inin Group is an industrial owner that invests into companies within
infrastructure and industry services niches in the Nordics. The group aims to
create value by identifying investment opportunities within profitable niches
with potential for development, consolidation and growth, working in
collaboration with portfolio companies to deliver sustainable growth and
superior profitability. For more information, please visit: www.inin.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kristina Haugland, Head of legal, Inin Capital
Partners, on 22 May, at 23:25 CEST.