Niras A/S signed an agreement to acquire BlomInfo AS from Blom ASA (OB: BLO) for DKK 23.9 million on January 27, 2012. As part of consideration, Blom ASA will receive DKK 19.4 million for the equity and working capital in BlomInfo. After the completion date, Blom ASA may receive additional DKK 4.5 million for the working capital in BlomInfo. BlomInfo reported revenues of NOK 50.97 million (DKK 48.2 million) and EBITDA of NOK 0.61 million (DKK 0.58 million) in the quarter ended September 30, 2011. The transaction does not comprise the shares held by BlomInfo A/S in PT Blom Nusantara, Indonesia (95%), Blom Romania SRL, Romania (100%), Blom Bulgaria EODD, Bulgaria (100%), BlomInfo Polska Sp.zo.o., Poland (100%), Blom Kosova Shpk, Kosovo (100%) and BlomInfo Ukraine Ltd., Ukraine (51%). Their ownership will remain with Blom ASA. The transaction decreases the funding requirements and increases the liquidity reserves of Blom Group and reduces the operational and credit risk exposure of Blom Group in challenging geographical areas. The transaction is expected to be completed within the end of next week. The conversions were made through www.oanda.com on September 30, 2011.