Bergen, 21 August 2024: Scana ASA ("Scana") 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.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
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
Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no