Aqualis completes the sale of its 49.9% stake in ADLER Solar

The international energy consultancy Aqualis ASA (“Aqualis” or “Company”) announced today that the Company has successfully completed the sale of its 49.9% investment in ADLER Solar to D2D4. Reference is made to the stock exchange announcements on 3 May. D2D4 has paid a cash consideration of EUR 250 thousands. There is an earn-out clause that may release up to EUR 349 thousand depending on the financial performance and ability of ADLER Solar to repay its original shareholder loan.

Following the sale, Aqualis will focus on its’ core consultancy business in the oil and gas and offshore wind markets and strengthen its position as a leading global player.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 17 offices in 14 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.