Cegal announces the acquisition of Avito Consulting AS

Cegal Group AS (“Cegal” or the “Company”), majority owned by Norvestor V, L.P., has signed an agreement to acquire all the shares in Avito Consulting AS (“Avito Consulting”), a subsidiary of Avito AS (the “Avito Group”). Avito Consulting delivers strategic consultancy services that adds execution strength to projects, with a primary focus on IT projects in the energy industry. Cegal will continue the collaboration with the remaining business in the Avito Group. All employees in Avito Consulting will be integrated into the Cegal organization.