23 January 2025 - Nordic Inspekt Group AB, a subsidiary of ININ Group AS, has
agreed to the principal terms of an agreement to acquire 100 percent of the
shares in Norway-based testing, inspection and certification (TIC) group
Testpartner Gruppen.  

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. 

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. 

"The acquisition of Testpartner Gruppen is an important part of our Nordic
growth plan, and they provide us with a valuable and geographically
complementary foothold in North Norway. Testpartner Gruppen has an impressive
track record and a strong reputation within our industry. They are renowned for
supplying high-quality services and a very competent team. I look forward to
welcoming them into Nordic Inspekt Group," says Niklas Persson, CEO of Nordic
Inspekt Group AB.

ABOUT TESTPARTNER GRUPPEN

Testpartner Gruppen is a leading provider of advanced testing and inspection
services in North Norway. The group has offices in Mosjøen, Mo i Rana and
Sandnessjøen. 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. 

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

"We are really pleased about becoming part of Nordic Inspekt Group and the
synergy, growth and development opportunities this offers to our organization.
We have monitored Inspekt Norway's impressive development since they were
established in 2023, and we can identify with their approach, values and
ambitions. We look forward to combining our competence and innovative powers
with Nordic Inspekt Group and further strengthening our joint position in both
the Norwegian and Nordic markets," says Robert Myrvang, managing director of
Testpartner Gruppen. 

TRANSACTION DETAILS

The transaction is subject to customary closing conditions, board approvals,
satisfactory due diligence, and final transaction documentation. Signing of the
final share purchase agreement and closing of transaction is expected by the end
of the first quarter 2025. Details of the financial terms of the transaction
will be shared following the signing of a final share purchase agreement between
the parties.

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