(Arendal/Oslo, 31 August 2021) Alytic AS, a subsidiary of Arendals Fossekompani
ASA (OSE:AFK) has acquired a majority stake in Greenfact AS, a European company
within green energy data and analysis.

In a transaction recently signed, Alytic AS has secured 60 per cent of the
shares in Greenfact AS. The remaining 40 per cent are owned by Arctic Securities
AS and Cleanworld AS (owned 47.45 per cent by Arctic Securities). 

"Greenfact is a perfect fit for Alytic and Arendals Fossekompani: A green-tech
leader with superior domain competence, a strong brand, ongoing SaaS business
and a fantastic potential for growth. Our ambition is to develop Greenfact into
a company that provides relevant data and insight into how companies can
optimize and develop their climate ambitions and risks," says Espen
Zachariassen, CEO of Alytic.

Greenfact was founded in 2016, with help from the renewables market broker
Cleanworld. Today, Greenfact comprises an international team with strong domain
competence serving more than 100 clients, including leading European energy and
utility companies.

"There is great potential in both the company and the market. The European Green
Deal and the EU Taxonomy present huge business opportunities. Greenfact will
serve as the foundation for building a global provider of data-driven insight in
the green sector. We intend to develop a technology platform which will enable
Greenfact to scale existing products and expand product offerings," says
Zachariassen.

Alytic was established by Arendals Fossekompani only 10 months ago, to transform
data-driven companies in various sectors. Greenfact is the third company in the
Alytic portfolio, following the earlier acquisitions of Kontali and Utel
Systems.

Cleanworld and Arctic Securities, the other remaining shareholders of Greenfact
are pleased to welcome Alytic as a co-owner. 

In Alytic, Cleanworld and Arctic Securities, Greenfact has three ambitious
owners that look forward to working closely with the Greenfact team to further
develop the company.

"Greenfact's unique insights are nicely complementing Arctic's growing service
offering in the wider renewables space" says Harald von Heyden, Head of
Renewables at Arctic Securities.

The transaction provides Greenfact with the capacity and competence to make the
necessary investments to bring the company to the next phase. This includes
ramping up the technology platform and building a stronger organization.

"Our intention is to rapidly increase our footprint in this sector, both
organically and by mergers and acquisitions," says Zachariassen.

 - - - - - - - - - - 

For more information, please contact:
Espen Zachariassen, CEO of Alytic AS: +47 480 35 380
Harald v. Heyden, Head of Renewables, Arctic Securities AS: +47 922 88 103


ALYTIC | www.alytic.no
Alytic invests in data-driven companies with a clear potential for scaling up
the business through digital transformation. Investments will typically be in
companies with unique domain knowledge and expertise, and with a clear pathway
for growth. Alytic offers resource with the right know-how and skillset for
developing a roadmap for digital transformation, scale and recurring revenues.
The investment team includes executives with extensive experience from digital
transformation and development of new business models. Alytic powers the digital
transformation required to enhance product offerings, to reach new markets, and
to ensure recurring revenues from a profitable customer base. Alytic is fully
owned by Arendals Fossekompani, a green-tech investment company with a
substantial financial capacity and decades of successful value creation.


ARCTIC SECURITIES | www.arctic.com 
The Arctic Group is a leading, independent provider of financial services which
opened its doors for business operations in August 2007. Arctic is founded on an
entrepreneurial spirit, which permeates the culture and drive of Arctic's
employees, which today totals about 360 people. Since the startup in 2007 we
have expanded our international footprint with offices in Stockholm, New York,
Rio de Janeiro, Hamburg and Singapore, but always with a strong Norwegian
heritage at the core. We aim to bring value to clients through superior
competence and to be a preferred discussion partner for our clients. We have an
absolute commitment to integrity, quality and long - term relationships and will
provide excellence in execution every step of the way.


CLEANWORLD | www.cleanworld.no 
Cleanworld is a leading broker in the OTC market for environmental commodities.
The company has an international team of brokers that serves energy companies
and trading houses in more than 20 countries from its offices in Oslo and
Stavern. Cleanworld helps its partners to trade various commodities, the focus
lies on green certificates, biomethane, carbon and biofuels.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange