Advokatfirmaet CLP DA advised Arribatec.
Arribatec and the majority of its shareholders have entered into a share exchange agreement with the Oslo Stock Exchange listed company Hiddn Solutions ASA in which Arribatec shares will be exchanged into new shares in Hiddn Solutions ASA, and the exchange ratio is 80-20% in favour of the Arribatec shareholders, by way of a reverse takeover.
The joint intention of Hiddn and Arribatec is to complete a statutory merger between Hiddn and Arribatec following the closing of the Agreement. Hiddn will be renamed Arribatec ASA and the company will pursue further M&A initiatives in addition to accelerating the organic growth.
Arribatec is a fast-growing software & consulting company delivering next generation postmodern ERP solutions sold either as a Software as a Service (“SaaS”) or Solution as a Service (“SolaaS”).
Hiddn Solutions ASA provides cybersecurity IT services. The company provides hardware-based encryption products to clients such as the military, governments and related institutions.
CLP team included Andreas Kildal (Picture) and Christian Vestheim.
Law Firms: CLP – Advokatfirmaet;
Clients: Arribatec ;