Sentia acquires profitable R&M player in Stockholm

Sentia ASA

Sentia has signed a letter of intent(LOI) to purchase 70% of the shares in
Thule Fastighetsutveckling AB.

Thule Fastighetsutveckling is a R&M player in the central Stockholm area. The
company carries out their projects as collaborative projects and mainly
according to a cost+ model. Thule Fastighetsutveckling had a turnover of MSEK
287.5 and an operating profit of MSEK 15.9 in 2025, corresponding to an
operating margin of 5.5%.

The agreed enterprise value (EV) for the company is MSEK 65 on 100% basis. The
agreement is conditional on completed due diligence, approval by competition
authorities and an approved Share Purchase Agreement (SPA). The transaction is
expected to be completed by the end of Q3 2026. The remaining 30% of the
shares in the company will continue to be owned by management and key
personnel in the company.

-Thule Fastighetsutveckling has delivered good results over time. The company
fits well into Sentia's growth strategy with a focus on collaborative projects
and profitable growth, says Jan Jahren, CEO in Sentia.

Thule Fastighetsutveckling will operationally be a part of Sentia Sweden.

-The company will be a good match for Sentia Sweden and will contribute with
complementary R&M expertise in the Stockholm region, says Christian Wieland,
Deputy CEO in Senita and EVP Sentia Sweden.

-With Sentia as an ownership partner, we as a company will be able to offer
even greater customer value and development for our employees, says Gabriel
Hägglund, CEO of Thule Fastighetsutveckling.

For more information, contact:

Sverre Hærem
EVP & CFO Sentia ASA
+47 952 45 167 | sh@sentiagruppen.com

Iven Opsahl Jebsen
EVP & CCO Sentia ASA
+47 901 54 838 | ij@sentiagruppen.com

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