Kitron plans private placement to fund acquisition of DeltaNordic

Kitron ASA announced a contemplated private placement of up to 17,000,000 new ordinary shares. This is primarily to fund the acquisition of DeltaNordic, valued at an equity value of SEK 1,255 million. SEK 760 million will be settled in cash, funded by the private placement, with remaining net proceeds for general corporate purposes and to strengthen the company’s balance sheet.

The private placement will be executed through an accelerated bookbuilding process managed by Nordea, DNB Carnegie, and Pareto Securities, commencing November 25, 2025, and ending November 26, 2025, at 08:00 CET. Board members and executive management have pre-committed to subscribe for shares totaling the NOK equivalent of €350,000.

The offering is directed at selected Norwegian and international investors, with a minimum application of €100,000. Kitron also indicated a potential subsequent offering to eligible shareholders not participating in the private placement, subject to an extraordinary general meeting approval.