Target Information

TEXEL Energy Storage AB ("TEXEL") is a GreenTech company focused on revolutionizing energy storage by providing efficient and sustainable solutions that deliver clean and reliable energy to communities. TEXEL collaborates actively with the US Department of Energy, Savannah River National Laboratory, and Curtin University, enabling them to combine expertise and resources to accelerate the development of their innovative technology. The energy storage technology being developed by TEXEL has the potential to transform the energy market by surpassing traditional lithium batteries with features such as longer lifespan, higher energy density, and faster charging times. Moreover, TEXEL's solutions are environmentally friendly and integrate effectively with renewable energy sources.

Currently, TEXEL is a small team of five employees and reported revenues of approximately 4.3 million SEK in 2021. This acquisition aligns with ANTCO.'s strategy to invest in unlisted growth companies, with a continued focus on executing further acquisitions and investments.

Industry Overview

The GreenTech industry in Sweden is experiencing rapid growth, driven by increased demand for sustainable energy solutions and innovations in energy storage technologies. The transition to renewable energy sources has led businesses and governments to seek efficient methods to store energy, particularly in light of the commitment to reducing carbon emissions and achieving climate goals.

Sweden has positioned itself as a leader in sustainability, with significant investments in green technologies. Government initiatives and funding programs support research and development in energy storage, making the Swedish market ripe for advancements in technologies that enhance energy reliability and efficiency.

Moreover, the global energy crisis, exacerbated by geopolitical tensions and the need for energy independence, has further accelerated the emphasis on developing advanced energy storage solutions. In this landscape, companies like TEXEL that offer innovative technologies are well-placed to capture market share and drive the evolution of the energy industry.

As industries strive to meet sustainability targets, the integration of energy storage solutions will be crucial for balancing supply and demand, enhancing grid reliability, and enabling the proliferation of renewable energy systems. TEXEL’s advancements represent a notable step forward in addressing these growing challenges within the Swedish context.

Rationale Behind the Deal

The acquisition of a 0.03% stake in TEXEL for a total consideration of 3.45 million SEK signifies ANTCO.'s commitment to diversifying its investment portfolio by tapping into the burgeoning GreenTech sector. This strategic move not only provides ANTCO. with a foothold in a promising market but also aligns with its overarching goal of investing in innovative companies that are poised for growth.

The transaction will be executed via a settlement issuance, with the payment being made fully in the form of 1,112,903 newly issued B-shares in ANTCO., priced at 3.10 SEK per share. Following this acquisition, ANTCO.'s share capital will be 2,846,396.90 SEK, with a total share count of 11,385,587, consisting of 800,000 A-shares and 10,585,587 B-shares. The current shareholders will see a dilution of approximately 9.8% as a result of this transaction.

Investor Information

ANTCO. Investment Group AB (publ) is a Swedish investment firm with a focus on acquiring interests in innovative and high-growth potential companies. The firm employs a strategy of investing in unlisted growth businesses, fostering their development through financial support and strategic guidance. ANTCO. aims to drive value creation within its portfolio by aligning itself with firms that exhibit strong fundamentals and significant market potential.

With this acquisition of TEXEL, ANTCO. seeks not only financial returns but also to play a role in advancing sustainable energy solutions in line with global demands for greener technologies. The firm’s strategy emphasizes long-term growth, and its investment in TEXEL exemplifies its vision for a sustainable future.

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The acquisition of a minority share in TEXEL could be a prudent investment for ANTCO., given TEXEL's innovative approach to energy storage and its potential to disrupt the existing market. With the increasing global focus on sustainability and renewable energy, the value of companies that provide efficient energy solutions is likely to rise, making a strategic investment in TEXEL timely.

Furthermore, TEXEL's partnerships with prestigious institutions such as the US Department of Energy and various universities showcase the credibility and potential of their technology. This support positions TEXEL favorably within the industry, bolstering the company's prospects for growth and profitability in the coming years.

However, as with any investment in emerging technologies, there are inherent risks involved, including market adoption and competition. Therefore, ANTCO. must monitor TEXEL's advancements closely while providing the necessary support to realize its growth potential.

Overall, this investment is a forward-looking move that could yield significant benefits for ANTCO. as the global market continues to shift towards sustainable energy solutions. The strategic alignment with TEXEL enhances ANTCO.'s position in a competitive industry while contributing to a more sustainable future.

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