Press releases

Astor Group’s EW company receives order worth approximately SEK 15 million

Regulatory pressrelease

Scandinavian Astor Group’s (‘Astor Group’ or ‘the Company’) subsidiary in Electromagnetic Warfare (“EW”), Oscilion EW Systems, has received an order for, among other things, the drone jammer Eclipse from a country in the Western world. The order value is approximately SEK 15 million and deliveries are scheduled for 2025.

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Scandinavian Astor Group completes the acquisition of Carbonia Composites

Regulatory pressrelease

Scandinavian Astor Group’s (“Astor Group” or the “Company”) subsidiary Marstrom Composite (“Marstrom”) has today successfully completed the acquisition of Carbonia Composites AB (“Carbonia”). As part of the closing, the Board of Directors of Astor Group has allotted 442,442 shares in the resolved directed share issue announced on June 19, 2025 and approved the set-off of the promissory note the seller of Carbonia received as part of the purchase price.

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Scandinavian Astor Group secures credit facility for acquisition of SEK 127.5 million from Swedbank

Regulatory pressrelease

Scandinavian Astor Group (“Astor Group” or the “Company”) announces today that the Company has been granted a credit facility for acquisitions of SEK 127.5 million from Swedbank. The credit facility aims to strengthen Astor Group’s financial preparedness for potential future acquisitions and enables faster and more flexible loan financing if needed.

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Scandinavian Astor Group AB (publ) has completed a directed share issue of SEK 320 million

Regulatory pressrelease

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD REQUIRE ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW, IS PROHIBITED, OR OTHERWISE WOULD CONTRAVENE APPLICABLE REGULATIONS IN SUCH JURISDICTION OR CANNOT BE MADE WITHOUT THE APPLICATION OF AN EXEMPTION FROM SUCH MEASURES. FOR FURTHER INFORMATION, PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. The Board of Directors of Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) has, based on the authorization granted by the Annual General Meeting held on 22 May 2025, resolved on a directed share issue of 8,421,052 shares, with deviation from the shareholders’ preferential rights, at a subscription price of 38 SEK per share (the “Directed Share Issue”). The subscription price for the shares in the Directed Share Issue has been determined through an accelerated bookbuilding procedure carried out by Pareto Securities AB (the “Manager”). Through the Directed Share Issue, Astor Group will raise SEK 320 million before deduction of transaction costs attributable to the Directed Share Issue. A number of Swedish and international institutional investors participated in the heavily oversubscribed Directed Share Issue, including both new and existing shareholders.

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Scandinavian Astor Group AB (publ) intends to carry out a directed share issue of approximately SEK 300 million

Regulatory pressrelease

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD REQUIRE ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW, IS PROHIBITED, OR OTHERWISE WOULD CONTRAVENE APPLICABLE REGULATIONS IN SUCH JURISDICTION OR CANNOT BE MADE WITHOUT THE APPLICATION OF AN EXEMPTION FROM SUCH MEASURES. FOR FURTHER INFORMATION, PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) intends to carry out a directed share issue of approximately SEK 300 million to Swedish and international institutional and other qualified investors through an accelerated bookbuilding procedure (the “Directed Share Issue”). Astor Group has demonstrated strong operational momentum in 2025, marked by high order intake and several completed strategic acquisitions. To capitalize on favorable market conditions and drive continued expansion within the defense and security industry, the Company intends to carry out the Directed Share Issue to strengthen the Company’s financial flexibility, enable continued expansion, and reinforce Astor Group’s position in future acquisition processes.

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The acquisition process of Carbonia Composites is progressing

Regulatory pressrelease

Scandinavian Astor Group (‘Astor Group’ or the ‘Company’) announces that approval from the Swedish Inspectorate for Strategic Products (ISP) has been obtained in connection with the previously announced acquisition of Carbonia Composites AB (“Carbonia”). The approval from ISP was one of the conditions for the completion of the transaction. Astor Group resolves on a directed share issue to the seller of Carbonia Composites AB prior to closing.

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All conditions for the investment in the defense group Nordic Shield Group are fulfilled – the transaction is now completed

Regulatory pressrelease

Scandinavian Astor Group (‘Astor Group’ or the ‘Company’) announces that all conditions for the investment in the defense group Nordic Shield Group (“NSG”) which was announced on May 19, 2025 have now been fulfilled, including approval from the Swedish Inspectorate for Strategic Products (ISP). The transaction has thus been completed, and Astor Group has become a shareholder in NSG.

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Scandinavian Astor Group signs agreement to acquire Latvian ammunition manufacturer AMMUNITY SIA

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (“Astor Group”, the “Company” or the “Group”) announces today, June 16, 2025, that the Company has entered into an agreement to acquire all shares in the Latvian company AMMUNITY SIA (“Ammunity” or the “Acquisition”), the largest private ammunition manufacturer in the Baltics. In 2024, Ammunity’s net sales amounted to SEK 103 million, corresponding to an increase of approximately 80 percent compared to 2023, with an EBITDA margin of 21 percent. The purchase price amounts to EUR 3 million, corresponding to a valuation of SEK 93,8 million on a cash and debt-free basis. The Acquisition is financed with the Company’s existing cash. The Acquisition is an important step in the Company’s long-term ambition to develop into a comprehensive defense supplier and at the same time strengthens Europe’s strategic supply capability of ammunition in a changing security landscape. The Acquisition also marks a key milestone in Astor Group’s communicated M&A agenda by realizing the Company’s strategy to grow through selective and strategically important acquisitions in the defense and security sector. The Acquisition is subject to regulatory approvals and is therefore expected to be completed no later than December 2025.

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Investor relations contact

Mattias Hjorth
CEO
ir@astorgroup.se

Louise Åberg
Chief Operating & Communications Officer
louise.aberg@astorgroup.se

Press kit

Logo and photos of CEO Mattias Hjorth

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