Ahead of the Annual General Meeting of Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’), the Nomination Committee hereby announces its proposal regarding the Chairman of the Board and other members of the Board. Scandinavian Astor Group AB (publ) (`Astor Group’ or the `Company’) announced today that the Company and its subsidiary Oscilion System AB have entered into an investment and licence agreement of SEK 15 million in the underwater technology company Dolprop Industries (‘Dolprop’). The investment will be made with existing cash in Astor Group and is part of Astor Group’s strategy to strengthen its position in the defence and security sector. The licence rights will be placed in Astor Group’s subsidiary Oscilion System AB, which will change its name to Oscilion Naval Systems AB (‘Oscilion Naval Systems’) in connection with the transaction. Scandinavian Astor Group AB’s (publ) (‘Astor Group’ or the ‘Company’) subsidiary Scandiflash has today received an order of approximately SEK 28.2 million to an unnamed Western NATO country. The order is for several Scandiflash systems and is an additional order to the one received by the subsidiary in October 2024. The order will be delivered in several stages during the second half of 2025. Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) is strengthening its focus on automation through new investments in machinery for its subsidiaries Marstrom Composite and Mikroponent. Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) is reinforcing its commitment to protection and security by establishing a new business area, Astor Protect. This division will focus on delivering advanced security and survival solutions for critical environments, offering products and services in personal protective equipment, rescue equipment, and tactical security systems for both public and private sectors. As part of this initiative, Airsafe Sweden, previously under the Astor Tech business area, will be transferred to Astor Protect to further strengthen the Group’s focus on security. The Company also intends to complement the business area with additional acquisitions over time. In parallel, Gabor Nagy, Brigadier General (ret.), has been recruited as Business Area Manager. These changes will take effect from April 1, 2025.
The Nomination Committee’s proposal for the Board of Directors of Scandinavian Astor Group
Regulatory pressrelease
Scandinavian Astor Group focuses on stealth technology for military purposes – enters into an investment agreement in Dolprop Industries
Regulatory pressrelease
Astor Group: Scandiflash receives additional order of approximately 28.2 MSEK
Regulatory pressrelease
Scandinavian Astor Group accelerates investments in increased production capacity
Regulatory pressrelease
Scandinavian Astor Group establishes the business area Astor Protect – recruits Brigadier General (ret.) as Business Area Manager
Regulatory pressrelease
