FORNEBU, Norway, Dec. 22, 2022 /PRNewswire/ -- Akastor ASA
(OSE: AKAST) has today entered into a share purchase agreement with
Diamond Key International Pty. Ltd. ("DKI") for the sale of all
shares in Cool Sorption A/S ("Cool Sorption") for DKK 20.4 million on a cash and debt free basis.
Cool Sorption is headquartered in Glostrup, Denmark, and is a specialist supplier of
Vapour Recovery Units (VRU) and systems.
"Cool Sorption operates in a highly specialist market in
which they repeatedly have proven their capabilities", says
Karl Erik Kjelstad, CEO of Akastor.
"I truly believe that DKI will be an ideal owner for Cool
Sorption, with a complementary service portfolio that will help
Cool Sorption to further expand and grow within its
markets."
Jacopo Bianchi, CEO of Cool
Sorption states: "We are thankful for the continuous support and
guidance from Akastor over the past few years, enabling us to
further develop as a specialist provider of VRU products and
services. We have worked with DKI earlier and I am confident that
under their ownership we will see exciting future opportunities for
our business."
Closing is expected to take place during Q1 2023.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@akastor.com
# # # #
About Cool Sorption
Cool Sorption A/S is a specialist supplier of Vapour Recovery
Units (VRU) and systems. Cool Sorption enjoys a complete product
portfolio, which ranges from small compact units to the industry's
most complex systems, making it a recognized technology provider
worldwide. Cool Sorption generally considers systems based on
activated carbon to be the best available technology for recovery
of gasoline, crude oil and most other Volatile Organic Compound
(VOC) vapours.
For further information, please visit homepage:
https://coolsorption.com/
About Akastor
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.
For further information, please visit homepage:
https://akastor.com/
About Diamond Key International
Diamond Key International (DKI) is a global leader in providing
end-to-end solutions to petrochemical storage and distribution.
Headquartered in Melbourne,
Australia, DKI has more than 600 installed systems across
terminals and related facilities in more than 30 countries.
For further information, please visit homepage:
https://diamondkey.com/
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