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ABL Group acquires SynergenOG

Global consultancy group ABL Group has signed an agreement to acquire 100% of the shares in Southeast Asia‑based consultancy SynergenOG, adding specialist capability in process safety and technical risk management and enhancing the group’s end‑to‑end technical offering to the energy industries.

Upon completion of the acquisition, SynergenOG will be integrated with the group’s design and engineering consultancy, Longitude. This integration will strengthen Longitude’s engineering offering across all business lines, creating a technical centre of excellence in process safety and risk management focused on driving safety, cost efficiencies and performance from concept design through to operations and late life.

Hege Norheim

“SynergenOG is an excellent addition to ABL Group and Longitude. The two companies have a track record of successful collaboration, signalling a clear market appetite for integrated risk and engineering solutions, and a proven capacity to generate results together for our clients. With this acquisition, we bring SynergenOG’s expert safety and risk engineering in-house. The deal also strengthens our Asia Pacific engineering footprint, while giving SynergenOG a larger platform to scale its services for the benefit of a wider range of energy markets.”

Hege Norheim, CEO of ABL Group

About SynergenOG

SynergenOG is a Malaysia‑based process safety and technical risk management consultancy for the energy industry. Its team of 45 consultants is based across offices in Malaysia, Singapore, Indonesia, Brunei and India.

The team specialises in process safety management, technical risk, loss prevention and operational safety, supporting energy clients across more than 50 countries, including Australia, Japan, Egypt, the UK and Mexico, as well as across the Asia Pacific region.

“Effective risk management is fundamental to every energy asset. It sits at the heart of CAPEX and OPEX optimisation, is intrinsic to long‑term performance, and mitigates risk to people and the environment. What makes us distinctive is the way we combine deep operational experience with process safety and engineering expertise. This allows us to bridge the gap between design and operations – embedding process safety and technical risk early into project engineering and tailoring it to the realities of how assets are actually operated.”

Puvan Balasubramaniam, Director and Co‑founder of SynergenOG

SynergenOG’s process safety and risk management capabilities are further strengthened by a suite of proprietary software solutions, alongside industry‑level training delivered through its dedicated SOG Academy. This is complemented by the e‑learning platform ePSM, co‑developed with Longitude’s sister company, ABL, and designed to embed robust asset integrity management practices within client organisations.

In 2025, SynergenOG delivered revenue of approximately USD 5.0 million and EBIT of approximately USD 0.6 million.

Strategic Rationale

The acquisition adds new services in process safety and technical risk engineering, enhancing Longitude’s and ABL Group’s overall technical offering to energy projects. SynergenOG’s services -including the design and delivery of HAZIDs and HAZOPs – are highly complementary to the group’s areas of expertise, spanning marine warranty survey, marine and subsea operations, and offshore wind development.

For Longitude, the integration of SynergenOG strengthens its facilities and subsea engineering offering, building on a growing track record in asset integrity management, and enables a fully integrated risk and engineering offering to clients at any stage of an energy asset’s design and operational lifecycle.

Jake Anderson

“Everything we do for our clients is geared towards reducing risk and driving efficiencies. With SynergenOG, we can deliver an expert safety and risk engineering capability that elevates our offering to support clients at every stage of an asset’s lifecycle.”

Jake Anderson, CEO of Longitude

The transaction also increases Longitude’s presence in the Asia Pacific region, including through a new in‑country presence in Brunei. This footprint provides Longitude with a strategic gateway to Borneo.

For SynergenOG, the acquisition provides a broader geographical and technical platform to scale its services. For colleagues, it creates increased opportunities for professional development, while existing clients gain access to a wider pool of more than 200 design and engineering professionals across energy, marine and engineering disciplines.

Transaction Details

SynergenOG is valued at an enterprise value of USD 2.1 million in the transaction. The purchase price will be settled in cash, partly up‑front and partly through annual instalments over three years from completion, subject inter alia to financial performance and the sellers’ continued employment within ABL Group.

Completion of the transaction is expected within Q3 2026.


Integrated process safety and engineering, from design to operations

Find out how SynergenOG and Longitude combine process safety, risk engineering and design expertise to support safer, more efficient energy and marine assets throughout their lifecycle.

ABL Group ASA: Q1 2026 financial results

7 May 2026 – ABL Group’s 2026 first quarter results

Highlights Q1 2026

  • Revenues of USD 82.4 million (Q4 25: USD 88.7 million)
  • Operating profit of USD 1.6 million (Q4 25: USD 4.2 million operating loss)
  • Adjusted EBIT of USD 3.1 million (Q4 25: USD 3.2 million)
  • Net debt of USD 12.0 million (Q4 25: USD 5.4 million)
  • Proposed semi-annual dividend of NOK 0.45 per share in H1 2026 upheld
Hege Norheim

Hege Norheim, CEO of ABL Group ASA (“ABL Group” or the “Company”) commented:

“ABL Group is on track in building the platform for our 20% ROCE target in 2027. Our first quarter results reflect continued execution of restructuring and efficiency measures, alongside investments in new technologies and processes. While market uncertainty continues to impact timing of client decisions, we remain confident in the medium-term outlook and expect improved performance through 2026 as efficiency measures take effect.

Revenue in Q1 was USD 82.4 million, stable year-on-year but down from the previous quarter, primarily due to seasonally lower activity in North Sea Marine Operations in AGR. We expect improved performance through 2026, supported by new contract awards the addition of a third vessel to the fleet.

Adjusted EBIT was stable at USD 3.1 million, with a margin of 3.7%, supported by early benefits from cost reductions. The ABL segment delivered strong performance, including in the Middle East region despite a challenging environment, but the slow activity in the AGR segment and delayed commencement of Longitude projects held back overall results.

Net debt increased to USD 12.0 million, reflecting expected cash outflows from restructuring provisions and seasonal working capital movements, as well as an interruption to cash collection in the Middle East.

The Board has proposed to rename the parent company to Aqualis ASA to reduce brand complexity and support greater commercial focus at segment level. In addition, the Company is seeking authorisation to explore a potential re-listing to Euronext Growth Oslo, subject to regulatory developments and approval.”

A presentation of the quarterly results will be held today at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after. To watch the webcast, please visit our Reports and Presentations page.

The quarterly earnings release and a corresponding slide presentation is available on www.newsweb.no and on our Reports and Presentations page.

ABL GROUP ASA: Notice of Annual General Meeting 2026

The Annual General Meeting of ABL Group ASA (the “Company”) will be held on 27
May 2026 at 11:00 CET at the Company’s offices, Karenslyst Alle 4, 0278 OSLO.

Shareholders are recommended to exercise their shareholder rights through
advance votes by electronic communication via VPS Investor Services or to vote
by proxy prior to the meeting.

The complete notice is attached to this notification and will also be available at the Company’s corporate website www.abl-group.com.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

ABL Group ASA: Invitation to presentation of Q1 2026 results

ABL Group ASA (“ABL Group”) will release its first quarter results on Thursday, 7 May 2026 at approximately 06:00 Central European Time (CET).

A presentation of the quarterly results will be held the same day at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after.

The webcast can be viewed via our Reports and Presentations page, or directly at https://qcnl.tv/p/_CWDKnv9hZHnivcEpn9y1g

If you would like to attend the event in person, please notify SpareBank 1 Markets at corporateaccess@sb1markets.no.

The earnings release concerning the quarterly results and a corresponding slide presentation will be posted on www.newsweb.no and on our Reports and Presentations page.

ABL Group ASA: Annual Report 2025

ABL Group ASA’s Annual Report 2025 is attached and can be downloaded from our Reports and Presentations page.

The Annual Report 2025 is also available in the European Single Electronic Format (ESEF).

ABL Group ASA: Completion of share buyback program

Oslo, 23 March 2026 – ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 3 March 2026 to repurchase up to 300,000 of the Company’s common shares in open market transactions on the OSE. The repurchase will be conducted in the period from 3 March 2026 until the date the maximum number of shares have been repurchased. If the repurchase is not completed before the 2026 Annual General Meeting (expected on or about 27 May 2026), the repurchase shall be temporarily paused and may later continue, subject to the Board’s renewed approval, in accordance with a new authorization to repurchase shares expected to be granted to the Board of Directors by the 2026 Annual General Meeting. This means that repurchase of shares may be continued after the date of the 2026 Annual General Meeting, until the earlier of the date the maximum number of shares have been acquired and 30 June 2026.

For the period from and including 16 March through 19 March 2026, ABL Group purchased a total of 124,000 shares at an average price of NOK 11.78 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.

This completes the share repurchase program announced on 3 March 2026.

Transaction overview:

DateAggregated daily volume (# of shares)Weighted average price (NOK)Total daily transaction limit (NOK)
16.03.202635 50012.26435 038
17.03.202636 50011.79430 196
18.03.202632 00011.74375 584
19.03.202620 00011.36227 160
Period total124 00011.781 467 979
Program total300 00010.823 244 830

The issuer’s holding of own shares: 413, 830

Following the completion of the above transactions and the overall buyback program, ABL Group owned a total of 413,830 of its own shares, corresponding to 0.31% of ABL Group’s share capital.

Appendix:
An overview of all transactions made under the Company’s buyback program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

ABL Group ASA: Transactions made under share buyback program

Oslo, 17 March 2026 – ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 3 March 2026 to repurchase up to 300,000 of the Company’s common shares in open market transactions on the OSE. The repurchase will be conducted in the period from 3 March 2026 until the date the maximum number of shares have been repurchased. If the repurchase is not completed before the 2026 Annual General Meeting (expected on or about 27 May 2026), the repurchase shall be temporarily paused and may later continue, subject to the Board’s renewed approval, in accordance with a new authorization to repurchase shares expected to be granted to the Board of Directors by the 2026 Annual General Meeting. This means that repurchase of shares may be continued after the date of the 2026 Annual General Meeting, until the earlier of the date the maximum number of shares have been acquired and 30 June 2026.

For the period from and including 10 March through 13 March 2026, ABL Group purchased a total of 84,000 shares at an average price of NOK 10.53 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.

DateAggregated daily volume (# of shares)Weighted average price (NOK)Total daily transaction limit (NOK)
10.03.202619 30010.16196 119
11.03.202619 80010.53208 565
12.03.202621 70010.56229 215
13.03.202623 20010.87252 135
Period total84 00010.53886 034
Program total176 00010.101 776 851

The issuer’s holding of own shares: 289,830.

Following the completion of the above transactions, ABL Group owned a total of 289,830 of its own shares, corresponding to 0.22% of ABL Group’s share capital.

Appendix:

An overview of all transactions made under the Company’s buyback program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

ABL Group ASA: Transactions made under share buyback program

Oslo, 10 March 2026 – ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 3 March 2026 to repurchase up to 300,000 of the Company’s common shares in open market transactions on the OSE. The repurchase will be conducted in the period from 3 March 2026 until the date the maximum number of shares have been repurchased. If the repurchase is not completed before the 2026 Annual General Meeting (expected on or about 27 May 2026), the repurchase shall be temporarily paused and may later continue, subject to the Board’s renewed approval, in accordance with a new authorization to repurchase shares expected to be granted to the Board of Directors by the 2026 Annual General Meeting. This means that repurchase of shares may be continued after the date of the 2026 Annual General Meeting, until the earlier of the date the maximum number of shares have been acquired and 30 June 2026.

For the period from and including 3 March through 9 March 2026, ABL Group purchased a total of 92,000 shares at an average price of NOK 9.68 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.

DateAggregated daily volume (# of shares)Weighted average price (NOK)Total daily transaction limit (NOK)
03.03.202618 5009.32172 500
04.03.202618 3009.34170 951
05.03.202618 2009.54173 661
06.03.202618 40010.12186 225
09.03.202618 60010.08187 481
Program total92 0009.68890 817

The issuer’s holding of own shares: 205,830.

Following the completion of the above transactions, ABL Group owned a total of 205,830 of its own shares, corresponding to 0.02% of ABL Group’s share capital.

Appendix:

An overview of all transactions made under the Company’s buyback program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

International Women’s Day 2026: Celebrating Women Shaping a Sustainable Future

At ABL Group, we proudly marked International Women’s Day 2026 by recognising the women across our organisation whose expertise, leadership and collaboration continue to strengthen our industry.

This year’s theme, “Give to Gain,” reflects the impact of mentorship, knowledge‑sharing and creating opportunities for others to succeed. In honour of this, we are pleased to share a special two‑part video series featuring colleagues from across ABL Group.

In these short videos, they discuss the many ways they support the next generation, whether through mentoring emerging talent, engaging in STEM outreach, or championing women pursuing engineering careers.

Their stories highlight a core commitment within our Social Sustainability Promise: building a safe, inclusive and sustainable industry where women can thrive.

We invite you to watch the videos below and to join us in amplifying the message that ABL Group is proud to champion women in engineering.

Part 1

ABL colleagues share the moments that shaped their careers, from offshore opportunities to mentors who built their confidence, highlighting how support, trust and curiosity help women thrive in engineering.

Part 2

Colleagues across ABL Group reflect on the power of networks, encouragement and inclusive environments, urging young women in STEM to believe in their potential, stay curious and seize every opportunity.

#GiveToGain #IWD2026

ABL Group ASA – Mandatory notification of trade

ABL Group ASA (the Company) has been notified of the following transaction by primary insider:

Hege Marie Norheim, Group CEO, has purchased 45,000 shares at NOK 10.08 per share. Following the share purchase, Norheim holds 106,000 shares in the Company.

Please see attached primary insider notification forms pursuant to the requirements of the Market Abuse Regulation.

This information is subject to the disclosure requirements pursuant to MAR Article 19 and Section 5-12 of the Norwegian Securities Trading Act.