Scandinavian Astor Group AB: Comprehensive Company Profile

Background

Overview

Scandinavian Astor Group AB is a Swedish defense conglomerate specializing in advanced technology, high-quality components, and critical security solutions. The company operates through three primary business areas: Astor Tech, Astor Industry, and Astor Protect, serving sectors such as defense, industry, and public safety. Listed on the NGM Main Market (ticker: ASTOR) and Boerse Stuttgart, Astor Group is headquartered in Stockholm, Sweden.

Mission and Vision

Astor Group is committed to shaping the future of security and protection by delivering innovative and reliable solutions that enhance the safety and operational readiness of its clients. The company's vision is to empower society with strength and security in all elements.

Industry Significance

As a key player in the defense and security industry, Astor Group contributes to strengthening Sweden's and Europe's defense capabilities by providing essential components and systems. The company's strategic acquisitions and technological advancements position it as a significant entity in the European defense sector.

Key Strategic Focus

Core Objectives

• Expansion and Growth: Astor Group aims to achieve sales of SEK 2,500 million and an EBITDA margin of 15% by 2028.

• Operational Efficiency: The company focuses on streamlining operations through strategic mergers and acquisitions to enhance productivity and reduce administrative overhead.

Areas of Specialization

• Astor Tech: Develops advanced systems and products for the defense and security industry, including electronic warfare systems and flash X-ray technology.

• Astor Industry: Manufactures high-precision components and material solutions for the defense industry and other industrial sectors, emphasizing reliability and customization.

• Astor Protect: Provides advanced security and survival solutions for critical environments, offering personal protective equipment, rescue equipment, and tactical security systems.

Key Technologies Utilized

• Electronic Warfare Systems: Developed by Oscilion, a subsidiary of Astor Group, these systems are designed to counter unmanned aerial systems (UAS).

• Flash X-ray Technology: Advanced imaging systems used for various applications within the defense sector.

Primary Markets Targeted

• Defense Sector: Supplying components and systems to military forces, including NATO countries.

• Industrial Sectors: Providing specialized components to industries such as automotive, engineering, and maritime.

• Public Safety: Offering security solutions to both public and private entities.

Financials and Funding

Funding History

Astor Group has pursued an aggressive acquisition strategy to expand its capabilities and market presence. The company has been listed on the NGM Main Market (ticker: ASTOR) and Boerse Stuttgart, facilitating access to capital markets for funding its growth initiatives.

Recent Funding Rounds

In December 2025, Astor Group completed a listing on the NGM Main Market, enhancing its financial position and providing a platform for future capital raises.

Notable Investors

Specific details about individual investors are not publicly disclosed. However, the company's dual listing on NGM Main Market and Boerse Stuttgart indicates a diverse investor base, including institutional and retail investors.

Utilization of Capital

The capital raised has been utilized for strategic acquisitions, operational expansion, and technological development to strengthen Astor Group's position in the defense and security industry.

Pipeline Development

Key Pipeline Candidates

• Astor Eclipse: An electronic warfare system developed by Oscilion, designed to counter unmanned aerial systems (UAS).

Stages of Development

• Astor Eclipse: The system has undergone successful testing and is in the commercialization phase, with plans for larger-scale sales in the spring.

Target Conditions

• Astor Eclipse: Aims to address the growing threat of hostile drones carrying explosives or chemical agents, providing enhanced protection against asymmetric threats.

Anticipated Milestones

• Astor Eclipse: Expected to achieve larger-scale sales in the spring, following successful flight testing and evaluations.

Technological Platform and Innovation

Proprietary Technologies

• Astor Eclipse: A proprietary electronic warfare system developed by Oscilion, designed to counter unmanned aerial systems (UAS).

Significant Scientific Methods

• Electronic Warfare: Utilizing advanced technologies to disrupt or neutralize adversary electronic systems, particularly unmanned aerial systems.

Leadership Team

Key Executives

• Mattias Hjorth: CEO of Astor Group, leading the company's strategic direction and growth initiatives.

• Pål Jernhag: Appointed as interim CFO effective March 1, 2026, following the transition of Wictor Billström to a consulting role focused on M&A.

Professional Backgrounds

• Mattias Hjorth: Brings extensive experience in the defense and security industry, having held various leadership positions prior to joining Astor Group.

• Pål Jernhag: Experienced financial executive with a background in corporate finance and strategic financial management.

Key Contributions

• Mattias Hjorth: Instrumental in steering Astor Group through significant growth phases and strategic acquisitions.

• Pål Jernhag: Expected to provide financial leadership and support Astor Group's expansion plans.

Competitor Profile

Market Insights and Dynamics

The European defense and security industry is experiencing increased demand for advanced technology solutions, driven by geopolitical tensions and evolving security threats. Companies like Astor Group are well-positioned to capitalize on this growth through innovation and strategic acquisitions.

Competitor Analysis

• Saab AB: A leading Swedish defense and security company offering a wide range of products and services.

• BAE Systems plc: A British multinational defense, security, and aerospace company with a significant presence in Europe.

• Thales Group: A French multinational company specializing in aerospace, defense, and security.

Strategic Collaborations and Partnerships

Astor Group has established various partnerships to enhance its technological capabilities and market reach, including collaborations with government agencies and defense contractors.

Operational Insights

Astor Group differentiates itself through its focus on high-precision manufacturing, advanced technology development, and a strong acquisition-driven growth strategy, enabling it to offer comprehensive solutions in the defense and security sector.

Strategic Opportunities and Future Directions

Strategic Roadmap

• Expansion into New Markets: Astor Group plans to establish a presence in key priority markets, offering significant opportunities for growth across all business areas.

• Technological Advancements: Continued investment in research and development to enhance existing products and develop new solutions.

• Acquisitions: Pursuing strategic acquisitions to strengthen capabilities and market position.

Future Business Directions

Astor Group aims to become a leading provider of defense and security solutions in Europe, leveraging its technological expertise and operational efficiency to meet the evolving needs of its clients.

Opportunities for Expansion

The company is exploring opportunities in emerging markets and adjacent industrial segments to diversify its portfolio and revenue streams.

Positioning for Future Objectives

Astor Group's current strengths, including its robust financial position, diverse product portfolio, and strategic partnerships, position it well to achieve its future objectives and deliver long-term value to stakeholders.