eEquity leads a substantial investment round in Snigel, a notable defense manufacturer, as part of an effort to capitalize on increased European defense spending and domestic procurement initiatives.

Target Company Overview

eEquity is spearheading a significant investment in the well-established defense firm Snigel, alongside other investors including Nicklas Storåkers (Yanno Capital), Sven Hagströmer (family office), Per Svärdson, and Paul Fischbein. Snigel specializes in the design and development of personal equipment for leading military units worldwide, renowned for its innovative load-bearing systems, body armor, and tactical clothing catered to military personnel, emergency responders, and security professionals. The equipment offered by Snigel is recognized for its durability and functionality, designed to perform optimally in demanding environments.

Having established itself over a remarkable 35-year history, Snigel is regarded as one of the most reputable brands in the European defense sector. The company not only serves the Swedish market but has also expanded its reach throughout Europe, providing soldier-borne equipment to armed forces in Germany, the Netherlands, and beyond. Founded in 1990, Snigel has consistently prioritized quality, safety, and functionality, resulting in rapid growth and profitability in recent years. In 2022, a pivotal order from a significant European defense organization propelled Snigel's revenue to over SEK 500 million, and additional substantial contracts have been secured for 2024 and into 2025, with ambitions to exceed SEK 1 billion in revenue in the near future.

Industry Overview in Sweden

Sweden's defense industry is undergoing significant transformations, fueled by the evolving geopolitical landscape and the need for enhanced defense capabilities. Over recent years, there has been a pronounced shift towards bolstering defense budgets, particularly as E