Nordic Technology Group
Builds health monitoring products that help aging people live longer and more safely at home.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Private Placement VC | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (20 %) | (13 %) | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (1 %) | 4 % | 11 % | 16 % | 15 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (5 %) | (3 %) | 5 % | 5 % | 24 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Nordic Technology Group (NTG) is a Norwegian industrial technology holding company that acquires and develops companies in high-growth markets. Founded in March 2021 by Rune Rinnan, the firm aims to commercialize and scale Norwegian technology companies for the international stage. Rinnan, who serves as the Group CEO, has an extensive background in finance and venture capital, having founded Televenture in 1993 and managed several Telenor Venture funds. His experience includes executive roles at ABB and a long history of taking technology companies public.
NTG listed on the Euronext Growth Oslo exchange on July 5, 2022, under the ticker NTG. The listing was a strategic milestone to support the commercialization of its portfolio companies' technologies, raising NOK 102 million through a private placement. The business model centers on acquiring majority stakes in companies with patented, disruptive technologies and then leveraging NTG's management expertise, financial capacity, and network to foster growth and create synergies across its holdings. The parent company's revenue is generated primarily from intra-group cost allocations.
The group's operations are concentrated in three key sectors: Sensor Technology, Nanomaterials, and Clean Technology. Its portfolio includes several specialized companies. In the sensor space, Hammertech provides multiphase flow and salinity meters for the oil and gas industry, while Wavetrain Systems develops acoustic train detection systems to improve railway crossing safety. Within nanomaterials, NTG holds stakes in CondAlign, which produces conductive films, and CrayoNano, a developer of UVC LED technology for disinfection. The clean technology segment features MossHydro, which manufactures high-capacity water filtration systems, and Hystorsys (a subsidiary of Hybrid Energy), which focuses on hydrogen compression and storage systems based on metal hydride technology.
Keywords: industrial technology, holding company, Euronext Growth Oslo, Rune Rinnan, sensor technology, nanomaterials, clean technology, portfolio management, technology commercialization, Hammertech, Wavetrain Systems, CondAlign, CrayoNano, MossHydro, Hystorsys, Hybrid Energy, venture capital, multiphase flow meters, hydrogen storage, UVC LED disinfection, conductive films, railway safety, water filtration