Information on the target
Axvik Group is a prominent player in the Aerospace and Defense sector, poised for a public listing on the Nasdaq First North Growth Market on September 21, 2026. The company, under the leadership of CEO Mark Brixey, is strategically positioned to capitalize on increasing defense budgets and a robust order book, which supports its ongoing organic growth. Axvik Group comprises Turntime Technologies in Sweden, along with the UK-based Slingsby Advanced Composites and Pentaxia, reflecting a diverse portfolio that enhances its market reach and capabilities.
The foundation of Axvik Group was established with the acquisition of Turntime in 2021, followed by the acquisitions of Slingsby in 2025 and Pentaxia in 2026. Mark Brixey, who took over as CEO in 2026, brings over 35 years of experience in the aerospace and defense industry, having held significant operational roles at major companies such as Airbus and Bombardier. His extensive background encompasses various aspects of production, cabin systems, and complex international aerospace programs, positioning Axvik for sustained growth and innovation.
Industry overview in the target’s specific country
The Aerospace and Defense (NEC) industry in Sweden is characterized by a strong emphasis on innovation and technological advancement, driven by a combination of government support and private sector investment. Sweden has a long-standing tradition of excellence in aerospace engineering and defense manufacturing, with a focus on developing cutting-edge technologies that meet the evolving needs of both civilian and military applications. The Swedish government has increased its defense spending in response to geopolitical tensions, which has further stimulated growth in the sector.
In recent years, Sweden has seen a surge in demand for advanced defense systems, including next-generation fighter jets and naval vessels. The country's strategic location and commitment to maintaining a robust defense posture have led to increased collaboration between government agencies and private companies. This collaboration has fostered an environment conducive to innovation, enabling Swedish firms to develop sophisticated defense solutions that are competitive on a global scale.
Moreover, the Swedish aerospace sector benefits from a strong export market, with companies like Saab and BAE Systems leading the charge in international defense contracts. The integration of advanced technologies, such as artificial intelligence and autonomous systems, is becoming increasingly prevalent, positioning Sweden as a leader in the Aerospace and Defense (NEC) industry. As the demand for defense capabilities continues to rise, the outlook for the industry remains positive, with significant growth opportunities anticipated in the coming years.
The rationale behind the deal The decision to list Axvik Group on the Nasdaq First North Growth Market is driven by the need to access capital markets to support its growth strategy. The company aims to raise 27.5 million kronor through a new share issue, which will enha…