Oslo, 3 September 2026
Reference is made to the stock exchange announcement of 9 July 2026, in which
CodeLab Capital AS ("CodeLab" or the "Company") announced that it had entered
into a non-binding term sheet regarding a potential acquisition in the OHS
(occupational health services) segment. CodeLab can now confirm that the
counterparty is Mdco Group ("Mdco").
Mdco holds a leading position within occupational health services in Norway,
with national presence, revenue of approximately NOK 250 million, and around
10,000 B2B customers.
CodeLab and Mdco are in dialogue regarding a potential acquisition of 100% of
the shares in Mdco. The parties are at an early stage but have agreed a period
of exclusivity.
Both parties acknowledge a strong strategic rationale and significant synergies.
A combination would enable improved service quality for customers and accretive
value creation for shareholders.
A transaction of this scale would represent a major step up for CodeLab. Should
a transaction be agreed, it is expected to be financed by issuing shares and a
concurrent capital raise in CodeLab would be considered. The process remains
subject to due diligence, financing, and agreement on final transaction
documentation, among other things.
There can be no certainty that the dialogue will result in a transaction and
given the early stage and level of uncertainty, this announcement is not made
pursuant to a disclosure obligation under Section 5-12 of the Norwegian
Securities Trading Act, but reflects the Company's ongoing commitment to good
governance and transparent communication with the market.
The Company will revert with further details in due course, including an
investor presentation covering capital requirements, potential terms and an
indicative timeline.
For more information, please contact:
Anton Bondesen, CEO, alb@codelabcapital.com
Christoffer Mathiesen, CFO, cm@codelabcapital.com
l.com\
Christoffer Mathiesen\, CFO\, cm@codelabcapital.com\