TECHSTEP ASA (Oslo ,29 November 2021 )Techstep Norway AS andTechstep Sweden AB (fully owned subsidiaries ofTechstep ASA ) has today entered into an agreement to divest its Voice & Contact Center business units ("VCC") inNorway to Zisson AS ("Zisson") and inSweden toSoluno Communications AB ("Soluno") respectively, for a total combined consideration ofNOK 65.5 million , settled in cash (the "Transaction"). "This is part of the ongoing transformation of the company", said Børge Astrup,Techstep CEO, "and a natural step on our journey towards becoming a leading provider of Managed Mobility Services based on our own software. By streamlining our product portfolio, we ensure a sharp focus and greater value for our customers". VCC recorded revenues ofNOK 48 million in 2020 andNOK 45 million in the last twelve months perSeptember 2021 . The Transaction is structured as an asset purchase with customary closing conditions, including the parties entering into transitional service agreements from the time of closing. Closing is expected inJanuary 2022 . The estimated effect on net profit before tax and capital divestment gain isNOK 40.5 million . For more information please contact: Børge Astrup, CEO: +47 928 27 676 Marius Drefvelin, CFO: +47 958 95 690 About Techstep ASA Techstep is purpose-built to become a leading Managed Mobility Services provider. Techstep provides a complete Managed Mobility Services-offering that presents enterprises and their employees with access to efficient, secure, and value-creating mobile work solutions - wherever and whenever they choose to work. Customer benefits include reduced IT complexity and costs, improved employee capabilities and engagement, as well as increased productivity and sustainability. Techstep has more than 350 employees based inNorway ,Sweden ,Denmark andPoland , serving more than 2,000 customers across different industries and sectors. The company is listed on theOslo Stock Exchange under the ticker TECH. To learn more, please visit www.techstepasa.no. This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published by Marius Drefvelin, CFO,Techstep ASA , on29 November 2021 at07:00 CET .
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