1 October 2024 – Reference is made to the stock exchange announcement dated 12 September 2024 regarding ABL Group entering into an agreement acquire 100 percent of the shares of Hidromod. The transaction has been successfully completed today.
Hidromod is Portugal’s leading consultancy in water management solutions and numerical modelling. Through this acquisition, ABL Group expands its service offering to water management consultancy to support offshore, coastal and inland assets and projects, including with Hidromod’s proprietary subscription-based software AquaSafe. The deal will also enhance existing offerings in ports and harbours consultancy and in climate change risk assessment and adaptation.
(ENDS)
For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, email: stuart.jackson@abl-group.com; or
Haakon Brandrud, Director of Strategy and Corporate Development, telephone: +47 95 07 05 12, email: haakon.brandrud@abl-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS, telephone: +47 41 61 06 05, email:
endre.johansen@corpcom.no
About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil and gas sectors. The group has offices in 42 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.