ININ Group AS: Inspection business to enter Finnish market through acquisition

24 June 2025 - Nordic Inspekt Group AB, a subsidiary of ININ Group AS, hasagreed to the principal terms of an agreement to acquire Finland-basednon-destructive testing and inspection companies NDT Inspection & ConsultingOyand Ropetech Oy.

Through this potential transaction, ININ Group's testing, inspection andcertification (TIC) business - Inspekt - will expand to the Finnish market.Today, the business is present in Sweden and Norway.

"Our plan is to build an independent Nordic player that challenges the largeincumbents in the Nordic markets. The planned acquisition of NDT Inspection &Consulting Oy & Ropetech Oy strengthens our team significantly and fitsperfectly with this plan, as it gives us immediate market entry to the Finnishmarket," says Niklas Persson, CEO of Nordic Inspekt Group AB.

ABOUT NDT INSPECTION & CONSULTING & ROPETECHNDT Inspection & Consulting, established in 2003, is a Finnish companyspecialising in non-destructive testing (NDT) and quality assurance services.The company offers a comprehensive range of NDT and consulting servicestailoredto various industries, including energy, manufacturing, and construction.

Beyond standard NDT inspections, the company also provides drone Inspections,rope access services for high-altitude Inspections, tank inspections andbottomscanning, replica testing, positive material identification (PMI), conditionassessments for tanks, piping and boilers, inspection object cleaning,installation supervision as well as quality control (QC), quality assurance(QA), and health, safety, environment and quality (HSEQ) supervision.

NDT Inspection & Consulting's main offices are in southern Finland (Vantaa)andnorthern Finland (Oulu). The company also has offices all around Finland tooffer local service, and with flexible employees and comprehensive vans andequipment, they can serve both smaller and bigger clients as needed. Thecompanycurrently has approximately 50 employees, of which the large majority areinspection specialists.

For the last twelve months, the two companies have delivered revenue ofapproximately EUR 10 million and EBIT or EUR 2 million. The company has grownits revenues and steadily improved its profitability in recent years.

"We are incredibly excited about the prospect of joining forces with Inspekt.From our initial discussions, it became clear that our companies share a deepcommitment to quality, innovation, and customer satisfaction. The alignment inour values and company culture is remarkable, and I am confident that thiswillcreate a strong foundation for a successful future together. Becoming part ofInspekt's Nordic vision is a fantastic opportunity for our team, and we lookforward to contributing our expertise to a larger, dynamic organization." SaysJarno Penttilä, CEO and majority shareholder of NDT Inspection & ConsultingandRopetech.

TRANSACTION DETAILSThe transaction is subject to customary closing conditions, board approvals,satisfactory due diligence, and final transaction documentation. Signing ofthefinal share purchase agreement and closing of transaction is expected to takeplace during the fourth quarter of 2025. Details of the financial terms of thetransaction will be shared following the signing of a final share purchaseagreement between the parties.

ININ Group AS is listed on Euronext Growth Oslo. The company's majorityshareholder, Qben Infra AB, is listed on Nasdaq First North Premier GrowthMarket in Stockholm, Sweden.

(ENDS)

For further information, please contact: Patrik Egeland, CFO Email: patrik.egeland@qben.se

About ININ Group ASININ Group is a listed investment company operating as an industrial ownerwithinvestments in companies within infrastructure and industry services niches inthe Nordics. The group create value by identifying investment opportunitieswithin profitable niches with potential for development, consolidation andgrowth, working in collaboration with the platform companies to deliversustainable growth and superior profitability. For more information, pleasevisit: www.inin.no

About Nordic Inspekt Group ABNordic Inspekt Group AB is a fast-growing leading player within testing,inspection and certification (TIC) services in the Nordic region. The companystrives to deliver high-quality and reliable services that help customersensurequality and compliance with standards. For more information, please visit:www.inspekt.se / www.inspekt.no

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