Mildef Group

MilDef Group AB plans to issue new shares worth approximately SEK 450 million to Swedish and international institutional investors, including existing shareholders, to help finance the acquisition of roda computer GmbH. Skandinaviska Enskilda Banken AB (SEB) is managing this share issue. The process will be conducted in two tranches, with the first authorized by the annual general meeting in May 2024, and the second requiring approval at an Extraordinary General Meeting. The share price and number of shares will be set through an accelerated bookbuilding procedure. The company's board considered a rights issue but opted for this method due to its time and cost efficiency. Major shareholders, holding about 44% of MilDef's shares, support the acquisition and share issue. The company has agreed not to issue more shares for 180 days following the settlement of Tranche 2, and key management will not sell shares for 90 days post-settlement, with some exceptions. MilDef, a provider of rugged IT solutions for military and critical infrastructure, was founded in 1997 and is listed on Nasdaq Stockholm.

MilDef Group AB, through its subsidiary MilDef Germany Holding GmbH, has agreed to acquire all shares in roda computer GmbH, a provider of military IT solutions in Central Europe. This acquisition positions MilDef as a leading player in tactical and rugged IT for the defense sector in Europe. It provides MilDef access to key market channels, customer relationships, and framework agreements in Central Europe, particularly the DACH region. The acquisition is expected to enhance MilDef's market presence and offer cross-selling opportunities. Roda, with a strong presence in Central Europe, reported revenue of approximately SEK 800 million and an adjusted EBITA of SEK 130 million for the year ending December 2023. MilDef plans to finance the acquisition through new debt and a share issue, with support from major shareholders. The acquisition is anticipated to close in the first quarter of 2025, pending regulatory approvals.

MilDef Group AB har genom sitt dotterbolag MilDef Germany Holding GmbH tecknat ett avtal om att förvärva alla aktier i roda computer GmbH, en leverantör av militära IT-lösningar i Centraleuropa. Detta förvärv förväntas göra MilDef till en ledande aktör inom taktisk och stryktålig IT för försvars- och säkerhetssektorn i Europa. Förvärvet ger MilDef tillgång till viktiga marknadskanaler och befintliga ramavtal i Centraleuropa, särskilt i DACH-regionen. MilDefs VD, Daniel Ljunggren, och rodas VD, Martin Bertsch, uttrycker båda optimism över sammanslagningen och dess potential för tillväxt. Finansiellt förväntas förvärvet bidra positivt till MilDefs vinst per aktie, och det ska finansieras genom en kombination av ny skuld och emission av nya aktier. Förvärvet förväntas slutföras under första kvartalet 2025, förutsatt att sedvanliga regulatoriska godkännanden erhålls.

MilDef has secured a contract with the Swedish Defence Materiel Administration (FMV) to supply IT equipment and integration services for Command and Control Systems for the Swedish Armed Forces. The contract is valued at SEK 63 million, with deliveries starting immediately. MilDef has been collaborating with FMV since 1997 on tactical and rugged IT solutions. This order will enhance the Swedish Armed Forces' capabilities in Command and Control Systems, with MilDef providing products and integration services. Daniel Ljunggren, CEO of MilDef, noted the order reflects an increase in volume orders from Swedish and Nordic clients, emphasizing their focus on digitalizing defense capabilities across various domains. MilDef is a global provider specializing in rugged IT for military and critical infrastructure sectors, offering products and services in numerous countries. The announcement was made public at 10:00 CET on November 7, 2024.

MilDef har ingått ett avtal med Försvarets materielverk (FMV) för att leverera IT-utrustning och integrationstjänster till den svenska Försvarsmakten, med ett ordervärde på 63 miljoner SEK och omedelbara leveranser. MilDef har samarbetat med FMV sedan 1997 och fokuserar på digitalisering av försvarsförmågor. Den nya ordern indikerar en ökning av beställningar från svenska och nordiska kunder. MilDef är en global leverantör av robust IT för försvar och säkerhet, med verksamhet i flera länder och noterat på Nasdaq Stockholm.

MilDef har fått i uppdrag att leverera robust IT-utrustning till operatörsstationer i stridsfordon CV90, som BAE Systems Hägglunds ska leverera till försvarsmakter i Centraleuropa. Avtalet är initialt värt 200 miljoner kronor, med leveranser planerade mellan 2025 och 2029. Det totala värdet kan nå 280 miljoner kronor beroende på utfallet av optioner. Detta avtal bygger på ett långvarigt samarbete med BAE Systems Hägglunds. MilDefs VD, Daniel Ljunggren, uttrycker stolthet över att bidra till digitaliseringen av CV90, som anses vara ett av världens bästa stridsfordon. CV90 har använts av tio nationer och bevisat sin kapacitet i konflikter som Afghanistan och Ukraina. Informationen offentliggjordes den 30 oktober 2024, och MilDef betonar sin roll som en global leverantör av robust IT-utrustning för försvar och säkerhet. MilDef grundades 1997 och är noterat på Nasdaq Stockholm sedan 2021.

MilDef has secured a contract to supply rugged IT equipment for operator stations in CV90 combat vehicles, which BAE Systems Hägglunds will deliver to Central European armed forces. The initial contract is valued at MSEK 200, with potential to reach MSEK 280, and deliveries are scheduled from 2025 to 2029. This deal extends MilDef's long-standing partnership with BAE Systems Hägglunds and involves providing IT solutions designed for harsh environments to enhance the digitization of the CV90s for NATO countries in Central Europe. The CV90, developed by BAE Systems Hägglunds, is an armored vehicle used by 10 nations and has proven combat effectiveness in Afghanistan and Ukraine. MilDef, founded in 1997 and listed on Nasdaq Stockholm since 2021, specializes in rugged IT for military and critical infrastructure sectors, serving over 200 customers globally.

MilDef Group AB's Nomination Committee includes Björn Karlsson, Chair of the Board, who is co-opted to the committee. Shareholders can submit proposals for the 2025 Annual General Meeting (AGM) by email or letter, with a deadline of January 31, 2025. The AGM will occur in Helsingborg on May 22, 2025. The information was published at 15:00 CET on October 28, 2024. For more details, contact Johan Ståhl, Daniel Ljunggren, or Olof Engvall. MilDef specializes in rugged IT solutions for military, government, and critical infrastructure, serving over 200 customers globally. Founded in 1997, it has been listed on Nasdaq Stockholm since 2021.

MilDef Group AB har utsett ledamöter till sin valberedning, med styrelsens ordförande Björn Karlsson som adjungerad. Aktieägare kan lämna förslag till valberedningen inför årsstämman 2025 via e-post eller brev, senast den 31 januari 2025. Årsstämman hålls i Helsingborg den 22 maj 2025. För mer information kan Johan Ståhl, Daniel Ljunggren eller Olof Engvall kontaktas. MilDef är en global leverantör av ruggad IT för försvar och säkerhet, med verksamhet i flera länder och noterat på Nasdaq Stockholm sedan 2021.

MilDef Group reported strong financial performance in the third quarter of 2024, with sales increasing by 10% to SEK 250 million and order intake rising by 134% to SEK 415 million. The company's free cash flow also improved significantly, reaching SEK 42.6 million. Key orders included a SEK 135 million contract for displays to a European defense group and a SEK 72 million contract for rugged computers for the Norwegian army. MilDef is expanding its capacity in Stockholm to meet growing demand and has increased its long-term profitability target from an EBITDA of at least 10% to an EBITA of at least 15%. The company held its first Capital Markets Day in Stockholm and emphasized its role in strengthening defense capabilities amid global geopolitical tensions. MilDef's interim report for January-September 2024 will be presented on October 25, 2024, and the company remains optimistic about future growth opportunities.