(Arendal /Oslo ,31 August 2021 ) Alytic AS, a subsidiary ofArendals 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 byArctic Securities AS and Cleanworld AS (owned 47.45 per cent byArctic Securities ). "Greenfact is a perfect fit for Alytic andArendals 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," saysEspen 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 byArendals 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" saysHarald von Heyden , Head of Renewables atArctic 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 byArendals Fossekompani , a green-tech investment company with a substantial financial capacity and decades of successful value creation. ARCTIC SECURITIES | www.arctic.comThe Arctic Group is a leading, independent provider of financial services which opened its doors for business operations inAugust 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 inStockholm ,New York ,Rio de Janeiro ,Hamburg andSingapore , 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 inOslo and Stavern. Cleanworld helps its partners to trade various commodities, the focus lies on green certificates, biomethane, carbon and biofuels.
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