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STRO: StrongPoint announces closing of Divestment of StrongPoint Labels AB

11:58 / 1 July 2021 StrongPoint Press release

1.7.2021 11:58:11 CEST | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state

Reference is made to the announcement made on June 28, 2021 by StrongPoint ASA
("StrongPoint", ticker: STRO) concerning the divestment of Labels business area
to Volati Tryck Holding AB. StrongPoint today announces that the first phase of
the divestment was completed on July 1 2021. The second phase related to the
Norwegian Labels operations is expected to be closed on or around September 1
2021. The divestment follows StrongPoint's 2025 growth strategy to focus on
instore and e-commerce retail technology.


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.


* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,


StrongPoint is a retail technology company that provides solutions to make shops
smarter, shopping experiences better and online grocery shopping more efficient.
With over 400 employees in Norway, Sweden, the Baltics and Spain and together
with a wide partner network, StrongPoint supports businesses in more than 20
countries. StrongPoint provides in-store cash management and payment solutions,
electronic shelf labels, self-checkouts, task and labor management software,
click & collect temperature-controlled grocery lockers, in-store and drive-thru
grocery pickup solutions and, grocery order picking solutions. StrongPoint is
headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue
of 1bn NOK [ticker: STRO].


Download announcement as PDF.pdf -
Oslo Børs

This information was distributed by Oslo Børs