13/04-2018 17:53:10: (BERGEN) Bergen Group ASA: termination of share purchase agreement with VITEK AS
Reference is made to a stock exchange announcement disclosed 28 February 2018,
informing about Bergen Group ASA (Buyer) and Tertnes Holding (Seller) having
entered into a Share Purchase Agreement (SPA) for the acquisition of the company
Vitek AS and its wholly-owned subsidiary Vitek Miljø AS.

The parties have not reached the necessary agreement on elements deemed
necessary in order to finalize a transaction acceptable for both parties. It is
therefore decided to terminate the SPA.

CEO Torgeir Nærø in Bergen Group ASA regrets that the parties failed to achieve
the goal of a transaction.

"Bergen Group recognizes VITEK as a company with a strong position in a
future-oriented market with large potential for further profitable growth. We
still see potential synergies that may be relevant for market based
collaboration, "says Nærø.


Bergen Group ASA is a Norwegian industrial group based in western part of
Norway, and a well-established supplier of products and services to the areas of
Energy & Industry, Maritime, Defense and Access Technology. The Group has
adopted a dedicated growth strategy comprising both organic and structural
measures. Currently, the Group is in process of expanding its footprint in the
aquaculture activities. As a part of this, the Group recently entered into a
sale purchase agreement with Backe Bergen AS about acquisition of integrated
feed barge production and dry dock capacity located at Stamsneset at
Grimstadfjorden in Bergen. For further information: www.newsweb.no and
www.bergengroup.no

Contact:
CEO Torgeir Nærø, Bergen Group ASA, telephone +47 47 922 00 778