engcon AB (”engcon” or the ”Company”), the world’s leading manufacturer of tiltrotators with a global market share of approximately 45 per cent, today announces the outcome of the offering (the “Offering”) and the listing of engcon’s class B shares on Nasdaq Stockholm (the “Listing”). The Offering attracted very strong interest from large Swedish and international institutional investors as well as the general public in Sweden and was oversubscribed.
engcon is the world’s leading manufacturer of tiltrotators with a global market share of approximately 45 per cent, based on the number of tiltrotators sold in 2021. The Company was founded in 1990 with the ambition to change the world of digging through product innovation and focus on end-users. The product offering includes tiltrotators, quick couplers, hydraulic and mechanical tools as well as control and safety systems that contribute to increased profitability, efficiency, flexibility, safety and sustainability for example when working with pipelines, road construction, water and sewerage works, railway constructions, electrical works, telecom and broadband works, construction sites and landscaping.