About us
An introduction to Scandinavian Astor Group
Scandinavian Astor Group a distinguished Swedish powerhouse in the realm of defense and security, is a trusted partner for cutting-edge products, top-notch services, and innovative technical solutions. The group has two business areas: Astor Tech and Astor Industries. Astor Tech sells finished products directly to end customers, such as companies within defense and security as well as defense forces and their material administration. Astor Industry acts as a subcontractor to the defense industry and other industries such as the shipbuilding and engineering industry.
Astor Industry
The companies in the business area Astor Industry act as subcontractors to the defense industry and several other industrial segments such as the automotive, engineering and maritime industries, etc. The offering currently consists of components and related services to mainly larger industrial customers with an emphasis on the Nordic region but also on a global market. The companies, with a leading position in one or more product verticals and market niches, are divided into Marstrom Composite, Composite Design Sweden, JPC Composite as well as Mikroponent and Welas.
Astor Tech
The companies within the business area Astor Tech delivers finished products and services that are critical for a modern defense landscape directly to end customers, such as authorities and defense industries. The business area currently consists of Airsafe Sweden, Oscilion and Scandiflash.
We are the leading group in development and production of high-tech and customized solutions towards defense and industrial segments. We drive strength and security in all elements.
Our subsidiaries
Oscilion
Marstrom Composite
JPC Composite
Composite Design Sweden
ID Modeller
Mikroponent
Welas
Airsafe Sweden
Scandiflash
Astor Group: Business Concept, Strategy, and Financial Objectives
Leading the Way in High-Tech Solutions
Astor Group is committed to being a leading provider of high-tech solutions for the defence industry and key industrial segments. The Group operates through two distinct business areas:
- Astor Industry – Focused on serving major industrial sectors, Astor Industry acts as a trusted subcontractor of components for leading companies in the defence industry and other large-scale industrial markets.
- Astor Tech – Specialising in advanced systems and products, Astor Tech exclusively targets the defence and security industry, primarily through framework or agency agreements with government agencies.
Unlocking Growth Opportunities
Astor Group’s diverse product portfolio offers significant potential for export to international markets and expansion into adjacent industrial segments. Leveraging its deep expertise in the market, Astor Group strategically enters new markets through partnerships and direct sales.
By maintaining a dual-business model, Astor Group ensures operational diversification to address the evolving demands of the market. This approach reduces risk and creates multiple avenues for sustainable growth, positioning the Group to thrive in both times of peace and conflict.
Ambitious Financial Objectives
Astor Group has set clear financial targets for 2026:
- Sales Growth: Achieve revenues of at least SEK 400 million, including acquisitions.
- Profitability: Reach an operating margin (EBITDA) of at least 15%.
In 2023, Astor Group demonstrated strong momentum, achieving a 57% increase in sales, with 20% driven by organic growth.
Strategic Expansion and Acquisitions
Astor Group follows an ambitious acquisition strategy and has identified a substantial number of reputable acquisition candidates within the defence and security sectors. Future development will continue to be driven by a combination of organic growth and targeted acquisitions, strengthening Astor Group’s position as a leader in the defence sector.
The company plans to establish a presence in key priority markets, offering significant opportunities for growth across both Astor Industry and Astor Tech. With a forward-looking strategy and a proven track record, Astor Group is well-equipped to achieve its objectives and deliver long-term value for investors.
Are you an entrepreneur or business owner within the defense industry? Contact us if you are interested in selling your company or collaborate.
