OSE NOTIFICATION ARRIBATEC INITIATES ACQUISITION OF IB MARINE GROUP (Oslo, Norway ,11 January 2021 ) A subsidiary ofArribatec Solutions ASA (OSE:ARR, Arribatec) has today called the option to acquireIB Marine Group , a leading international provider of cloud-based Enterprise Asset Management (EAM) solutions within the maritime sectors. Reference is made to the stock exchange notification18 November 2020 regarding an option to acquireIB Marine Group . The option as today been called, and the acquisition process will commence effective immediately. ENDS For additional information, please contact: PerRonny Stav , CEO,Arribatec Solutions ASA : +47 994 42 378 Martin Nes, Chairman of the Board,Arribatec Solutions ASA : +47 920 14 814 About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered inOslo . With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 450 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 300 people, taken announced acquisition into account, with offices in 11 countries and is listed on theOslo Stock Exchange under the ticker code ARR.
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