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Norditek Group AB (“Norditek” or “the Company”) has today entered into an agreement to acquire 100 percent of the shares in Te Pa Slitdelar AB (“TePa”), thereby strengthening its position in the aftermarket (“the Acquisition”). The Acquisition is being carried out for an initial purchase price of approximately SEK 7.3 million, of which approximately SEK 1.7 million will be paid in the form of newly issued shares in the Company (“the Offering”). The Board of Directors of Norditek has today resolved on the Offering pursuant to the authorization granted by the Annual General Meeting on January 23, 2025.
Daniel Carlberg, CEO of Norditek, comments: “The acquisition of TePa is an important step in Our and gives us a stronger presence in southern Sweden. TePa’s knowledge and experience in the recycling industry’s aftermarket strengthen Norditek’s overall offering to our customers. We also look forward to showcasing Norditek’s full range of services to TePa’s customers.”
Patrik Åström, CEO of TePa, comments: “Since we founded TePa Slitdelar in 2008, we have been a small, agile player with a clear goal—to always put the customer first. It has been a fantastic journey, and taking the next step together with Norditek now feels both natural and inspiring. We share the same values regarding quality, service, and long-term relationships, and the opportunity to help further strengthen the aftermarket within the framework of a larger organization feels very exciting.”
Regarding the acquisition of TePa
The acquisition of TePa is part of Norditek’s growth strategy and strongly complements the Company’s current offering of components and aftermarket services for recycling and construction machinery. TePa specializes in supplying wear parts—such as teeth, blades, hammers, and conveyor belts—for crushers, chippers, and Screening plants. The company has established an efficient concept where it purchases components in large volumes from leading manufacturers, adapts them for specific applications, and delivers complete wear part kits directly to the customer. This enables short lead times, high delivery accuracy, and reduced downtime for machine owners.
TePa is based in Nybro, Kalmar County, and in 2024 had revenue of approximately SEK 15.5 million and an operating profit of approximately SEK 2.1 million. The acquisition broadens Norditek’s revenue base by adding a stable and profitable aftermarket business, with recurring sales of components to existing and new customers in the crushing, sorting, and material handling sectors.
The transaction will be carried out for a maximum purchase price of approximately SEK 10.3 million. The initial purchase price amounts to approximately SEK 7.3 million, of which approximately SEK 5.6 million will be paid in cash and approximately SEK 1.7 million will be paid in the form of newly issued shares in Norditek through the Set-off Issue.
In order to finance the cash payment, the Board of Directors of Norditek, pursuant to the authorization granted by the Annual General Meeting on January 23, 2025, has decided to carry out a private placement of shares to the institutional investor Eiffel Investment Group in the amount of approximately SEK 13.4 million, as announced in a separate press release.
In addition, under certain circumstances—including profit growth—the sellers of TePa are entitled to a performance-based additional purchase price of up to approximately SEK 3 million, based on the average operating profit (EBIT) for the fiscal years 2026 and 2027 (the “Additional Purchase Price”). Up to 50% of any Additional Purchase Price may be paid through a new issuance of the Company’s shares at a subscription price corresponding to the volume-weighted average price during the 30 trading days preceding the payment of the Additional Purchase Price.
About the Offering
The Board of Directors has today, pursuant to the authorization granted by the Annual General Meeting on January 23, 2025, resolved to carry out the Offering consisting of 125,634 shares at a subscription price of SEK 13.80 per share. Payment for the shares shall be made by set-off in accordance with the Swedish Companies Act. The sellers of shares in TePa are entitled to subscribe for shares in the Offering.
Under the terms of the Acquisition, the sellers of the shares in TePa will receive newly issued shares in Norditek as part of the purchase price. The reason for the deviation from the shareholders’ preemptive rights is to fulfill the Company’s obligations under the share transfer agreement between the parties. The subscription price in the Offering amounts to SEK 13.8, which corresponds to the volume-weighted average price of Norditek on the Nasdaq First North Growth Market over the past 30 trading days (May 8 – June 23, 2025). The basis for the subscription price is an arm’s-length negotiation between the Company and the sellers of shares in TePa, in consultation with financial advisors and through analysis of a number of market factors. The Board of Directors has determined that the subscription price is in line with market conditions and meets the Company’s capital needs without resulting in an undue dilution of existing shareholders.
As a result of the Offering, the number of shares in the Company will increase by 125,634, from 12,637,727 to 12,763,361. The share capital will increase by approximately 12,563.4, from approximately SEK 1,263,772.7 to approximately SEK 1,276,336.1. The Offering corresponds to a dilution of approximately 0.91% of the number of shares and votes in the Company, based on the total number of shares in the Company following the Offering.
Advisers
Sedermera Corporate Finance is serving as financial advisor, Advokatfirman Delphi as legal advisor, and Nordic Issuing as the underwriter in connection with the acquisition.
For further information, please contact
Daniel Carlberg, President and CEO, Norditek Group AB, +46 702 19 04 91
Göran Nordlund, Chairman, Norditek Group AB, +46 704 33 13 20
About Norditek Group AB
Norditek Group AB is a leading company in sustainability and recycling, specializing in providing machinery and solutions for efficient material handling in the recycling industry. The company offers innovative systems for sorting, crushing, and separation, helping customers optimize resource use and reduce their environmental impact. Norditek was founded in 1998 and operates throughout the Nordic region with a strong presence in the European market. Through its focus on sustainable technology and customized solutions, the company is a key partner for businesses striving toward a circular economy.
This information is information that Norditek is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication by the contact person listed above on June 24, 2025, at 5:31 p.m. CEST.
The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.
Important information
The publication, release, or distribution of this press release may be subject to legal restrictions in certain jurisdictions, and persons in jurisdictions where this press release has been published or distributed should familiarize themselves with and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable rules in their respective jurisdiction. This press release does not constitute an offer to, or a solicitation of, the purchase or subscription of any securities in Norditek in any jurisdiction, either from Norditek or from any other party. This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (“the Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States without registration, or without the application of an exemption from registration, under the U.S. Securities Act of 1933 (“Securities Act”), and may not be offered or sold in the United States unless they are registered, covered by an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. There is no intention to register any securities mentioned herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be disclosed, published, copied, reproduced, or distributed, directly or indirectly, in whole or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States, or any other jurisdiction where such disclosure, publication, or distribution of this information would be contrary to applicable regulations or where such action is subject to legal restrictions or would require additional registration or other measures beyond those required under Swedish law. Actions contrary to these instructions may constitute a violation of applicable securities laws.
Forward-looking statements
This press release contains forward-looking statements regarding the Company’s intentions, assessments, or expectations concerning the Company’s future results, financial position, liquidity, development, outlook, expected growth, strategies, and opportunities, as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the use of terms such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “assumes,” “should,” “could,” and, in any case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no guarantee that they will materialize or that they are correct. Since these assumptions are based on estimates and are subject to risks and uncertainties, the actual results or outcomes may, for many different reasons, differ materially from what is stated in the forward-looking statements. Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressly or implicitly stated in this press release through the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are correct, and readers of this press release should not unduly rely on the forward-looking statements contained herein. The information, views, and forward-looking statements expressly or impliedly contained herein are provided only as of the date of this press release and are subject to change. Neither the Company nor any other party undertakes to review, update, confirm, or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise regarding the content of this press release, unless required by law or the Nasdaq First North Growth Market Rulebook.