Nordstjernan has made a commitment to invest in the industrial company engcon, a manufacturer of tiltrotators with a global market share of approximately 45%.
The company was founded in 1990 with the ambition to change the world of digging through product innovation and focus on end-users. engcon develops solutions that contribute to increased resource efficiency, safety and profitability.
Nordstjernan’s investment amounts to approximately SEK350 million, equating to 5% of the company’s shares, and will be carried out in connection with the listing of engcon on Nasdaq Stockholm.
