Press releases
Scandinavian Astor Group (”Astor Group” or the ”Company”) has today, in accordance with the intention announced in connection with the listing change to NGM SME in 2024, applied for admission to trading on the regulated market NGM Main Market. The listing is expected to take place in December 2025, subject to the exchange’s approval. Scandinavian Astor Group (”Astor Group” or the ”Company”) has today completed the previously announced acquisition of Ammunity SIA (“Ammunity” or the “Acquisition”). Ammunity is the largest private ammunition manufacturer in the Baltics and Latvia’s only manufacturer of military small-caliber ammunition. Acquisition 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. Scandinavian Astor Group (”Astor Group” or the ”Company”) announces that all conditions for the completion of the acquisition of all shares in the Latvian ammunition company Ammunity SIA (“Ammunity” or “the Acquisition”), including the necessary regulatory approvals, have now been met. The Board of Directors has today decided to complete the Acquisition, which is planned for November 3, 2025, with a financial effective date of November 1, 2025. The acquisition of the shares in Ammunity on November 3, 2025 means that Ammunity will formally become a wholly owned subsidiary of Astor Group. Scandinavian Astor Group’s (”Astor Group” or the ”Company”) associated company in the field of security-classified structures, Nordic Shield Group AB (“NSG”), has received an order worth approximately SEK 256 million through its wholly owned subsidiary NEZ AB (“NEZ”). The order is for technical premises for a company in the Western world. The revenue will be recognized in the report for the fourth quarter of 2025 and will be reported on an ongoing basis with preliminary final delivery in the fourth quarter of 2026. Scandinavian Astor Group (”Astor Group” or the ”Company”) announces that its subsidiary Scandiflash AB (“Scandiflash”) has entered into a cooperation agreement with Pulse MC2, the official European distributor for INFINITION and its Doppler radar systems. Under the agreement, Scandiflash is appointed as sub-distributor for Sweden, Norway, and Denmark, with responsibility for marketing and sales of INFINITION’s advanced Doppler radar systems in the region. Scandinavian Astor Group AB (publ) (”Astor Group” or the ”Company”) announces that preliminary results for the third quarter of 2025 are expected to exceed market expectations. The preliminary figures show that Astor Group’s EBITDA will be approximately SEK 15 million, compared with SEK -3.9 million in the same quarter last year. At the same time, earnings before tax are expected to be approximately SEK 3 million, compared with SEK -8.3 million in the corresponding period last year. Sales during the quarter amounted to approximately SEK 79 million. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) together with its wholly owned subsidiaries Marstrom Composite AB (“Marstrom”) and JPC Composite AB (“JPC”) have decided implement a merger, whereby JPC will be absorbed into Marstrom. A merger plan has been adopted and the merger will take effect after customary registration with the Swedish Companies Registration Office. JPC will then cease to be an independent company. Upon completion of the merger, JPC will become part of Marstrom and cease to be an independent company. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces today the outcome of the shareholders’ preemptive rights in the previously announced investment in the associated company Nordic Shield Group AB (“NSG”). Through the acquisition of 195,000 shares, Astor Group increases its ownership from approximately 36 percent to approximately 36.5 percent in NSG. Payment for the shares will be made in cash in the amount of approximately SEK 2.3 million. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces today that the Company has entered into an agreement to acquire an additional 195,000 existing shares in the associated company Nordic Shield Group AB (“NSG”). The increase corresponds to a percentage increase from approximately 36% to 36,5% in NSG, and payment will be made in cash. The total investment amount is approximately SEK 2,3 million. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces that its subsidiary Oscilion EW Systems (“Oscilion”) has entered into a collaboration with Swedish battery manufacturer Altris, with the aim of offering the Swedish Armed Forces a new generation of robust, climate-adapted, and sustainable energy storage solutions. The new sodium-ion-based battery module, which has been developed and is manufactured in the Nordic region for Nordic conditions, is free from critical raw materials such as lithium, cobalt, and nickel, and is designed to meet military requirements for performance, safety, and self-sufficiency. The collaboration has already resulted in the first customer orders.
Scandinavian Astor Group applies for listing on NGM Main Market
Regulatory pressrelease
Astor Group has completed the acquisition of Latvian ammunition manufacturer Ammunity
Regulatory pressrelease
Scandinavian Astor Group: The acquisition process of Latvian ammunition manufacturer Ammunity is progressing – expected to be completed on November 3, 2025
Regulatory pressrelease
Nordic Shield Group secures strategic order worth SEK 256 million – Astor Group´s associated company strengthens its position in infrastructure
Regulatory pressrelease
Scandiflash enters into cooperation with Pulse MC2 regarding sales of Doppler radar systems
Regulatory pressrelease
Strong quarter for Astor Group – results exceed expectations
Regulatory pressrelease
Scandinavian Astor Group merges subsidiary
Regulatory pressrelease
Astor Group announces outcome of the shareholders’ preemptive rights and completes its investment in Nordic Shield Group – increases ownership to approximately 36.5%
Regulatory pressrelease
Astor Group increases its ownership in Nordic Shield Group AB
Regulatory pressrelease
Oscilion enters into collaboration with Altris – launches Nordic sodium-ion battery for military applications
Regulatory pressrelease
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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