NTG faces exposure after CondAlign files for bankruptcy

CondAlign AS filed for bankruptcy with the Oslo District Courts on November 18, 2025, prompting Nordic Technology Group AS (NTG) to address its financial exposure. NTG had already written down its investment in CondAlign as of December 31, 2024, and sold all its CondAlign shares in August 2025 for a nominal NOK 1.00.

NTG holds a guarantee towards DNB on behalf of CondAlign AS, limited to NOK 16 million. DNB also has a lien on CondAlign's assets, which include an extensive technology IP portfolio of 86 patents (75 granted, 11 pending). NTG management will engage with DNB and the court-appointed trustee regarding the sale of these assets.

Currently, NTG estimates its exposure at around NOK 13 million, subject to potential sales value from CondAlign's technology and product portfolio. NTG has committed to informing stakeholders once the outcome of these proceedings is resolved.