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Regulatory press release

EcoOnline Holding AS – completion of the acquisition of Pilotech AS

14.7.2021 16:33:21 CEST | EcoOnline AS | Additional regulated information required to be disclosed under the laws of a member state

Oslo 14 July 2021: Reference is made to the stock exchange announcement issued on 9 July 2021, where EcoOnline Holding AS (the "Company") informed that EcoOnline AS had entered into a share purchase agreement for the acquisition of 100% of the shares in Pilotech AS, in which NOK 4 million of the purchase price shall be settled by three of the sellers reinvesting in the Company. Further reference is made to the stock exchange announcement issued on 12 July 2021, where the Company informed that the Company's board of directors pursuant to a board authorization resolved a share capital increase of NOK 16,000 directed towards Morten Køpke, Harald Axelsen and Martin Nguyen (all being sellers and key employees of Pilotech AS) provided that the Pilotech transaction would be completed.

The Company is pleased to announce that the acquisition of Pilotech AS has been completed today.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contacts

  • Göran Lindö, CEO EcoOnline Holding, +47 452 00 660, goran.lindo@ecoonline.com
  • Morten Evensen, CFO EcoOnline Holding, +47 415 11 169, morten.floberg.evensen@ecoonline.com

About EcoOnline AS

EcoOnline is a European EHSQ SaaS market leader dedicated to developing software creating safer & sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has offered a positive contribution to customers and society since its inception and is a leader in the Nordics, UK and Ireland with customers also in US and many other countries. The company has a clear history of successfully acquiring and integrating companies with same level of employee engagement as EcoOnline.

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