Initiating strategic review for PSW Power & Automation AS.

Scana ASA has decided to initiate a process to explore strategic alternatives for PSW Power & Automation. The outcome of the process could result in a complete or partial sale of the company.

PSW Power & Automation AS is a market leader in the Nordics within integration of electrical power systems, electrical infrastructure, energy storage systems and control systems. The company is currently delivering strong and profitable growth within its market segments.

To assist Scana in this process BTIG has been engaged as financial adviser.

For more information, please contact:

Pål Selvik, CEO, Scana ASA, +47 970 46 502