PR Newswire | Sep 22, 2020 10:29AM EDT

09/22 09:28 CDT

Akastor ASA: NES Global Talent joins forces with Fircroft Group OSLO, Norway, Sept. 22, 2020

OSLO, Norway, Sept. 22, 2020 /PRNewswire/ -- NES Global Talent (NES), in which Akastor holds an economic interest of around 17%, has today announced that it has entered into an agreement to combine its business with the Fircroft Group (Fircroft). The transaction represents a strategic alignment to create one of the leading human capital solutions business for engineering and technical talent globally. The combined entity will be known as NES Fircroft. Akastor CEO, Karl Erik Kjelstad, will continue as Board Member for the new NES Fircroft Board. Akastor's economic interest in NES Fircroft will be around 15%.

For further information, please see the attached press release from NES or visit www.nesgt.com.

Media Contactyvind PaaskeChief Financial OfficerTel: +47 917 59 705E-mail: oyvind.paaske@akastor.com

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

https://mb.cision.com/Public/18618/3195533/ Attachment_NES Press releasebbcec7150ff5b526.pdf 22 Sep 2020

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SOURCE Akastor ASA