Tekna begins trading on Euronext Growth Oslo

March 30, 2021

Tekna Holding AS, Sherbrooke, Quebec, Canada, has begun trading on Euronext Growth Oslo, a multilateral trading facility operated by the Oslo Stock Exchange. The shares in the new issue were sold at NOK 27 (€2.7), corresponding to a pre-money market capitalisation of NOK 2.7 billion (€270 million) for the company.

The company explains that it wants to invest in further growth and, prior to the listing, Tekna conducted a private placement, raising NOK 750 million (€75 million) in new equity. The placement was said to be multiple times oversubscribed and attracted significant interest from domestic, Nordic and international investors including cornerstone investors such as Lugard Road Capital (managed by Luxor Capital Group), Norron, Andenæsgruppen, Blackcrane, together with Storebrand and Delphi funds.

“This IPO marks the start of a new and exciting chapter for Tekna as a publicly-traded company, and propels us forward in our vision of taking a leadership position in three multi-billion-dollar markets: Additive Manufacturing, printed electronics and energy storage,” stated Luc Dionne, Chief Executive Officer, Tekna Canada. “Supported by a strong portfolio of plasma-based technologies, we have a proven track record of scalability, with over 80% recurring sales of advanced materials. Our business model serves as a solid platform for increased market shares and strong revenue growth. This listing on Euronext Growth, combined with the successful private placement, provides us with a strong financial platform to accelerate our value creation strategy.”

Over the last thirty years, Tekna has developed industry technology and know-how to produce high-purity metal powders for applications such as Additive Manufacturing in the aerospace, medical and automotive sectors, as well as optimised induction plasma systems for industrial research and production.

Morten Henriksen, chairman of Tekna Canada and Chief Executive Officer of Tekna Holding AS, commented, “Built on three decades of delivering excellence, Tekna has proven and commercialised technology with a global network of over 200 blue-chip customers and an ambitious growth strategy towards 2030. The listing on Euronext Growth is an important part of this growth strategy and we look forward to continue the Tekna journey as a listed entity.”

www.tekna.com

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap