• Featured
  • Investment

ZAPTEC: Listed with an 800MNOK market cap.

  • Sector: Infrastructure
  • Date: October 6, 2020

  • Company: Zaptec is world-leading on smart charging systems for electric cars in housing co-operatives, businesses and at home.

Today, Tuesday October 6. the company listed on Merkur Markets, at Oslo Stock Exchange, under the ticker “ZAP“.

In 2019, ZAPTEC won a significant proportion of contracts in the market for larger charging systems in housing cooperatives, co-owners, municipalities, and businesses. Last year, turnover ended at 156MNOK with an annual profit of 31.7MNOK.

We expect organic growth of between 35 and 50% in the next few years, says Anders Thingbø, CEO at ZAPTEC. 10% of sales were outside Norway in 2019, but will increase in line with further technology development and expansion in new markets. Switzerland and Sweden have so far been the most important focus areas for ZAPTEC, while they have positioned themselves for growth in Germany, which is expected to become a giant market according to Thingbø.

In the listing, there are five cornerstone investors who buy shares for a total of 205MNOK. DNB Asset Management (75MNOK), Swedbank Robur Fonder (50MNOK), Nordea Investment Management (30MNOK), Delphi Fondene (25MNOK), and Pareto Asset Management (25MNOK). In connection with the listing, Valinor sells shares for 66MNOK, but will continue to be the single largest shareholder in the company.

Valinor was an angel investor in ZAPTEC back in 2012 and has been the main sponsor until it was listed in 2020. We have been following ZAPTEC close through these years, as one of our largest ventures, said Pål Selboe Valseth, CEO at Valinor. We really look forward to seeing the company grow under excellent management and a strong capital base, Valseth added.