Oslo, 29 June 2026: Itera ASA ("Itera") announces that Nordic Smart House AS and
SM Invest and Construction B.V. have signed a Letter of Intent to establish a
joint venture in Ukraine. Itera will serve as strategic advisor and coordinator
for the initiative.
The planned joint venture will develop scalable, modular construction capacity
to deliver housing and critical social infrastructure, including schools and
kindergartens, as part of Ukraine's reconstruction efforts.
For Itera, the initiative is strategically aligned with the company's focus on
international advisory services and complex industrial projects. The engagement
may create future commercial opportunities within business development, project
structuring, and digital support services.
"The reconstruction of Ukraine requires scalable solutions and strong
partnerships. Itera contributes advisory expertise and project structuring
capabilities to help enable initiatives where we can create long-term value
together with our partners," said Jon Erik Høgberg, COO of Itera.
According to the United Nations High Commissioner for Refugees (UNHCR), more
than two million homes in Ukraine have been damaged or destroyed as a result of
the war, underscoring the need for efficient and sustainable solutions at scale.
Over the next six months, the parties will continue to develop the business
model and operational structure of the venture, including opportunities for
local production.
This announcement is published as a corporate announcement and does not contain
inside information pursuant to Article 7 of the EU Market Abuse Regulation
(MAR).
f the EU Market Abuse Regulation\
(MAR).\