Business
Techstep ASA: Divestment of Business Critical Mobility business completed
Techstep ASA: Divestment of Business Critical Mobility business completed
About this update from Techstep Asa
Reference is made to the stock exchange announcements from Techstep ASA("Techstep" or the "Company") on 27 November 2025 and 23 December 2025regardingthe divestment of its Business Critical Mobility business (the "BCM Business")to IDnet AB, a subsidiary of Lexit Group AS (the "Transaction").The Transaction has now been successfully completed. Following closing, IDnetABhas assumed full ownership of the BCM Business.The purchase price for the BCM business is SEK 136 million, subject to certainadjustments in connection with the carve-out including relating to prepaymentsand inventory. Net purchase price received is approximately SEK 117 million(corresponding to approximately NOK 126.9 million).Techstep has used the proceeds from the sale to repay its outstanding interest-bearing debt of approximately NOK 147.8 million, thereby strengthening theCompany's financial position.For further information, please contact:Morten Meier, CEO, Techstep ASA: +47 970 57 717Ellen Solum, CFO, Techstep ASA: +47 976 66 717About Techstep ASATechstep is a mobile & circular technology company, enabling organisations tooperate smartly, securely, and sustainably by combining mobile devices,softwareand expertise to meet customers' business and ESG goals. We are a leadingprovider of managed mobility services in Europe, serving more than 2,100customers in Europe with an annual revenue of NOK 1.1 billion in 2024. Thecompany is listed on the Oslo Stock Exchange under the ticker "TECH". To learnmore, please visit www.techstep.io.https://newsweb.oslobors.no/message/664680