Tekna Holding listed on Euronext Growth Oslo

ARENDAL: Tekna Holding AS (Tekna, OSE:TEKNA), the world-leading provider of advanced materials to industry, today began trading on Euronext Growth Oslo, a multilateral trading facility operated by the Oslo Stock Exchange.

Oslo Stock Exchange CEO Øivind Amundsen rang the opening bell in Oslo, with Tekna employees from across the world following the event online.

Tekna wants to invest in further growth and prior to the listing, the company conducted a private placement, raising NOK 750 million in new equity. The placement was multiple times oversubscribed and attracted significant interest from high-quality domestic, Nordic and international investors including cornerstone investors such as Lugard Road Capital (managed by Luxor Capital Group), Norron, Andenæsgruppen, Blackcrane, together with Storebrand and Delphi funds.

The shares in the new issue were sold at NOK 27 corresponding to a pre-money market capitalization of NOK 2.7 billion for Tekna.

“This IPO marks the start of a new and exciting chapter for Tekna as a publicly traded company, and propels us forward in our vision of taking a leadership position in three multi-billion-dollar markets: Additive manufacturing, printed electronics and energy storage,” said Luc Dionne, Chief Executive Officer Tekna Canada.

“Supported by a strong portfolio of plasma-based technologies, we have a proven track-record of scalability, with over 80 per cent recurring sales of advanced materials. Our business model serves as a solid platform for increased market shares and strong revenue growth. This listing on Euronext Growth, combined with the successful private placement, provides us with a strong financial platform to accelerate our value creation strategy.”

Over the last 30 years Tekna has, through extensive research and commercial operations, developed leading industry technology and know-how to produce high-purity metal powders for applications such as 3D printing in the aerospace, medical and automotive sectors, as well as optimized induction plasma systems for industrial research and production. With its unique, IP-protected plasma technology, the company is well positioned in the growing market for advanced nanomaterials within the electronics and batteries industries.

“Built on three decades of delivering excellence, Tekna has a proven and commercialized technology with a global network of over 200 blue-chip customers and an ambitious growth strategy towards 2030. The listing on Euronext Growth is an important part of this growth strategy, and we look forward to continue the Tekna journey as a listed entity,” says Morten Henriksen, Chairman of Tekna Canada and Chief Executive Officer of Tekna Holding AS.


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