Nasdaq Stockholm Welcomes Teqnion to First North
Stockholm, April 4, 2019— Nasdaq (Nasdaq: NDAQ) announces that the trading in Teqnion AB’s shares (short name: TEQ) will commence today on Nasdaq First North in Stockholm. Teqnion belongs to the industrial sector and is the 12th company to be admitted to trading on Nasdaq’s Nordic markets* in 2019.
Founded in 2006, Teqnion is a Swedish industrial holding company with ten companies in its portfolio. The company is currently structured in three different business units; Industrial, Growth and Niched Products. Teqnion’s business idea is grow both organically and through acquisitions of a diversified set of high quality companies. Portfolio companies are managed as individual entities, while getting access to Teqnion’s know-how, network and financial resources. Teqnion is headquartered in Solna, Sweden. For more information, please visit www.teqnion.se.
“After over ten years of expanding our company group with operational generated cash flow we are now highly motivated and focused to step things up by accessing the financial market via Nasdaq First North,” said Johan Steene, CEO of Teqnion. “We will continue develop our wholly owned subsidiaries but now we will also gain the opportunity to accelerate the acquisition rate of stable industrial businesses into the Teqnion group of companies. Look out for our trading code TEQ. Forward, upwards!”
”We welcome Teqnion to Nasdaq First North,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Teqnion operates in an exciting field, and we look forward to supporting the company on its continued journey as a Nasdaq First North listed company.”
Teqnion AB has appointed Redeye AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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