About us
An introduction to Scandinavian Astor Group
Scandinavian Astor Group is a European defence-first ecosystem — engineered for change.
We unite a rising force of thinkers, innovators and producers, because our society’s readiness and resilience depend not just on those who fight, but those who build.
Through an owned group of specialised companies, we combine niche excellence with industrial scale — enabling speed, integration and coordinated delivery across the defence and security landscape.
Operating through three business areas – Astor Industry, Astor Tech and Astor Protect – we deliver high-performance components, systems and solutions across the full value chain, from advanced materials to mission-critical end products.
Rooted in Sweden and expanding across Europe, Astor Group is built on the belief that industrial strength is national strength — and that unity is what turns capability into impact.
Astor Industry
Astor Industry represents the industrial backbone of the Group — where precision, scalability and reliability meet growing defence demand. The companies operate as specialised suppliers of advanced components and related services to leading defence primes and industrial customers across sectors such as aerospace, maritime and engineering.
With deep expertise in selected niches, each company holds a strong position in its respective domain — and together, they form a scalable production platform capable of supporting Europe’s increasing need for resilient supply chains.
Through a unified structure, Astor Industry combines the flexibility of specialist companies with the strength of coordinated execution.
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, Carbonia Composites as well as Mikroponent and Welas.
Astor Tech
Astor Tech delivers advanced systems and technologies designed for today’s rapidly evolving defence landscape.
The business area provides high-performance products and services directly to end customers, including defence authorities and industry partners, often through long-term agreements and strategic collaborations.
With capabilities spanning areas such as electronic warfare and advanced technical solutions such as flash x-ray systems, Astor Tech operates at the forefront of modern defence — where speed, adaptability and technological edge are critical. The business area currently consists of Oscilion and Scandiflash.
Astor Protect
Astor Protect consolidates and develops the Group’s security offerings, focusing on delivering advanced security and survival solutions for critical environments. Through high-quality products and services in personal protective equipment, ammunition, rescue equipment, and tactical security systems, Astor Protect enhances protection, risk management, and preparedness in defense, aviation, maritime, and industrial sectors. The business area currently consists of Airsafe Sweden, Ammunity as well as Nordic Shield Group.
Our position
Astor Group is not a traditional network of independent companies. It is a unified, owned ecosystem — designed to enable faster integration, stronger alignment and more effective delivery.
By combining deep specialist expertise with a shared strategic direction, we create outsized impact — acting as one coordinated force across multiple domains.
Our subsidiaries
Oscilion
Marstrom Composite
JPC Composite
Composite Design Sweden
ID Modeller
Carbonia Composites
Mikroponent
Welas
Scandiflash
Airsafe Sweden
Ammunity
Nordic Shield Group
Astor Group: Business Concept, Strategy, and Financial Objectives
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 2028:
- Sales Growth: Achieve revenues of SEK 2,500 million, including acquisitions.
- Profitability: Reach an operating margin (EBITDA) of 15%.
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 all business areas. 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.
