ABL Group Completes Acquisition of Hidromod

Reference is made to the stock exchange announcement dated September 12, 2024, regarding ABL Group entering into an agreement acquire 100 percent of the shares of Hidromod. The transaction has been successfully completed.

Hidromod is Portugal’s leading consultancy in water management solutions and numerical modeling. Through this acquisition, ABL Group expands its service offering to water management consultancy to support offshore, coastal, and inland assets and projects, including Hidromod’s proprietary subscription-based software AquaSafe. The deal will also enhance existing offerings in ports and harbors consultancy and in climate change risk assessment and adaptation.

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