IPO

CTEK, the leading global supplier of premium low voltage battery chargers for vehicles and in 2020 the second largest supplier in Sweden of electric vehicle supply equipment (“EVSE”) products, announces that it has launched an initial public offering of its shares, listing them on Nasdaq Stockholm. The offering consisted of both new shares issued by CTEK and of existing shares in the company offered by the shareholders.

The principal owner and the company believe that the offering and listing of the company’s shares on Nasdaq Stockholm is a logical and important step in CTEK’s development, which enables the company to expand its shareholder base and give CTEK access to the Swedish and international capital markets, which will support the company’s continued growth and development and increase awareness of CTEK and its operations in the capital market as well as in existing customers and other stakeholders.

Documents

CTEK assesses that the Company possesses the following strengths and competitive advantages:

  • CTEK operates in attractive and growing market segments
  • CTEK has a strong, award-winning and globally recognised premium brand
  • CTEK is a technology leader in premium low voltage chargers and EVSE products
  • CTEK has long-standing relationships with customers and suppliers
  • CTEK’s brand and products are ideal for online sales
  • CTEK has a strong patent portfolio and an efficient R&D process
  • CTEK has a clearly defined sustainability strategy with concrete initiatives
  • CTEK has a strong financial position with a long history of profitable growth
  • CTEK has a competent board of directors and management team with extensive and relevant experience