Page 89 - HIMA REPORT - FEBRUARY 2024

2/6/24, 3:06 PM HIMA Group Acquires Origo Solutions: A Strategic Move Towards Glob…
Origo Solutions, a market leader in safety and instrumented systems for the energy sector, has a long-

standing relationship with HIMA Group. For over 20 years, Origo has been HIMA's exclusive representative in

Norway, a testament to the synergy that exists between these two entities. The acquisition, therefore, comes
as a natural progression in their relationship, a strategic move that is expected to propel HIMA's global

expansion.

Origo Solutions: An Asset to HIMA Group

The acquisition of Origo Solutions, previously owned by Moreld AS and Aker Capital AS and part of the Moreld

Group, is more than just a business expansion for HIMA Group. Origo's strong development and application

know-how, achieved through collaboration with its customers and business partners, make it a valuable asset
for HIMA. It is expected to leverage HIMA's global sales and engineering network, a move that will drive

international sales, especially in the renewable energy sector.

Continuity and Growth: The Way Forward

Despite the acquisition, Origo Solutions will retain its identity. The company will continue under the leadership

of the current CEO, Bjrn-Tore Lenes, and CFO, Glenn Kjetil Nystl, and the name will remain, with the addition
of 'A HIMA Company'. This signifies a sense of continuity amidst change. The transaction is not expected to

result in job losses; on the contrary, plans for additional hiring are on the horizon. The acquisition will create

synergies, improve efficiencies, and provide better support for customers.

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