Savox Communications Plc's initial public offering and listing on Nasdaq Helsinki

Paul Ehrnrooth, Chair of Savox’s Board of Directors, comments: “The listing on Nasdaq Helsinki represents a significant milestone in Savox’s long-term development. The proceeds raised in the share issue will strengthen our ability to execute the company’s growth strategy. We are very pleased with the strong interest shown by investors, which demonstrates confidence in Savox’s business model and growth prospects. On behalf of the Board of Directors, I warmly welcome all new shareholders to Savox.”

Jerry Kettunen, Savox’s CEO, comments: “I have served as the CEO of Savox since 2016, during which time the company has developed significantly and our ambition to further grow the business has only strengthened. We are very pleased with the strong interest shown by investors in the offering. In recent years, the importance of preparedness and the transformation of the defence, safety and security as well as industrial markets have become increasingly pronounced, and Savox is well positioned to respond to these evolving requirements. The listing supports our strategic objectives by strengthening our balance sheet, broadening our shareholder base, and enhancing our financial flexibility. It also increases our visibility and credibility in the market, enabling us to accelerate investments in our solutions and support our long-term international growth.”