Scandinavian Astor Group AB Increases Capital for Strategic Expansion

Scandinavian Astor Group AB has successfully raised SEK 320 million by issuing 8.4 million new shares at SEK 38 each, surpassing its original target. This financial maneuver aims to fuel the company’s growth and strategic acquisitions. Forty percent of the funds will enhance growth investments in AMMUNITY, potentially increasing Astor's annual output sixfold in the mid-term.

An additional 40% is allocated for future mergers and acquisitions, aligning with Astor’s strategy of acquiring niche defence companies. The remaining 20% will support growth in Marstrom and Oscilion after significant order intakes. This capital infusion strengthens Astor’s ability to capitalize on market opportunities while planning to issue debt to optimize its capital structure and avoid further shareholder dilution.