ARR: Awarded NOK 30 million defense contract with expansion option

 (Oslo, Norway, 19 November 2024) Arribatec Group ASA (OSE: ARR, Arribatec)
today announces the award of a major contract with the Norwegian Defense
Material Agency ("FMA").  

The contract includes a wide range of services related to the delivery of a
Business Management System for FMA, including software, expertise, training,
development and support over a period of seven years, with a total estimated
value of 30 MNOK. The contract also includes an option to extend the same
services to the Norwegian Armed Forces, with estimated value of 166 MNOK.   
The company expects to commence work for FMA during Q4 2024.
 
"We are excited to have been chosen to partner with FMA. The award confirms our
position as a trusted partner for complex organization with highly critical
community missions and we look forward to support FMA in their digital
transformation journey" says Ole Jakob Kjølvik, Executive Vice President EA&BPM.


ENDS 
For additional information, please contact:  
 
Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451  
Ole Jakob Kjølvik, EVP Arribatec EA&BPM ASA: +47 915 98 935 
 
About Arribatec | www.arribatec.com  
 
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1700 companies spread over 25
countries and various industries in the private and public sectors. The company
employs over 380 people with offices in 11 countries and is listed on the Oslo
Stock Exchange under the ticker code ARR.