Horisont Energi acquires NOS Technology in strategic all-share deal

Horisont Energi AS has agreed to acquire 100 percent of NOS Technology AS for a total purchase price of NOK 27.5 million. The transaction will be settled by issuing 19,642,859 new shares in Horisont Energi, valued at NOK 1.40 per share, representing a 21 percent premium over the latest closing price. This acquisition is intended to strengthen Horisont Energi's technological and operational capacity, particularly in engineering services for the oil and gas industry.

The acquisition is a strategic move, enabling Horisont Energi to allocate resources more effectively to its own projects while also generating income from NOS Technology's existing order book. NOS Technology is self-financed, which is expected to create a robust financial structure post-acquisition. Brita Holstad, chief executive of Horisont Energi, confirmed that the development of the Gismarvik CO2 Hub will continue, with positive results from the new grouping anticipated as early as 2026.

An extraordinary general meeting will be called for December 5, 2025, to approve the acquisition.