Aker Horizons ASA Announces the sale of Rainpower Holding AS

Source: www.gulfoilandgas.com 3/30/2022, Location: Europe

Aker Horizons has, through its subsidiary, agreed to sell 100 percent of the shares in its portfolio company Rainpower, a technology provider to the hydropower industry, to Aker Solutions Holding AS, a subsidiary of Aker Solutions ASA.

The transaction is expected to be completed during the second quarter of 2022 at a price of about NOK 100 million, with an additional discretionary element which may bring the price to NOK 150 million. The transaction remains subject to various closing conditions, including certain third party approvals.


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