The transaction implies an equity value (on a 100% basis) of approximately EUR1.5
billion (approximately NOK 17 billion). 

TA Associates ("TA") has joined as a new strategic investment partner in Volue,
marking a significant milestone in the company's growth journey. TA brings
additional credibility and momentum to Volue's growth mission, enabling Volue to
accelerate innovation, scale globally, and deepen the company's market
leadership in electrification.

As part of the transaction, Arendals Fossekompani will receive cash proceeds of
approximately EUR 38 million (approximately NOK 425 million). Arendals
Fossekompani's ownership in Volue will be around 36% after closing. The
transaction prices Arendals Fossekompani's remaining shareholding in Volue to
approximately EUR 520 million (approximately NOK 5,9 billion). Final amounts are
subject to closing adjustments. Completion of the transaction is subject to
regulatory approvals. 

TA is a leading global private equity firm focused on partnering with
high-quality companies to create lasting value. Founded in 1968, TA offers deep
experience partnering with management teams to support strategic initiatives,
operational development and geographic expansion. 

TA's investment reflects a strong conviction in Volue's mission, proven
performance, and long-term vision. Their partnership will further strengthen
Volue's momentum and supports Volue's ongoing execution of its strategy to build
a global leader in electrification technology.

"Bringing on TA is a fantastic milestone for the company