PARLYM Group is pleased to announce that its subsidiary company PROECO Srl has completed the acquisition of 100% of Tea Sistemi, a Pisa-based engineering company recognized as a leader in risk management, technical safety, flow assurance and process engineering services. By merging Proeco's consolidated experience with Tea Sistemi's specialist know-how, it will offer customers and partners enhanced added value, integrating innovative approaches with the highest standards of operational safety. Together, they are better positioned to address the challenges of the energy transition through a comprehensive and forward-looking engineering vision.

This acquisition confirms Proeco's commitment to sustainable growth, consolidating its presence in national and international markets and continuing to invest in technical and professional excellence. It also represents an important step in the growth strategy of the Parlym Group, Proeco's majority shareholder, strengthening its presence in the Italian market and supporting the high professional standards of its teams.

" Tea Sistemi brings valuable expertise that strengthens our service offering and supports our long-term strategy. We are excited for the opportunities this integration will create. " Giovanni ARZILLI, Managing Director of PROECO

" Joining Proeco marks a natural evolution for Tea Sistemi. Both companies can broaden their capabilities and deliver even more effective solutions to their clients in the future. " Paolo ANDREUSSI, Former Managing Director of TEA SISTEMI

" We are pleased to welcome Tea Sistemi into the Group. This acquisition strengthens our footprint in Italy and enhances the technical excellence we aim to provide worldwide. "Christophe ARZANO, Managing Director of PARLYM GROUP

[email protected]

TEA SISTEMI, is an Italian engineering company headquartered in Pisa, providing high-quality research, development and consultancy services in the energy and environment sectors, with expertise spanning risk management, technical safety, flow assurance, process engineering, environmental studies and computational fluid dynamics.

PROECO, is an Italian engineering and supply services provider with extensive experience, particularly in industries related to oil & gas, chemicals, energy, and the environment. Its services span from feasibility studies to basic design, including project management, procurement assistance, studies, and commissioning support. PARLYM, is a leading international engineering, consulting and technical services company, delivering comprehensive solutions across the energy, nuclear, oil & gas, power and renewable sectors.

PARLYM supports its clients from initial engineering design through project execution, optimisation and long-term operation.

For more information about PARLYM Group, please visit the website www.parlym.com Contact: [email protected]

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Parlym

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