ENGCON was recently listed on the Nasdaq Stockholm Stock Exchange as the company looks to secure future growth.
The manufacturer said the listing means that engcon will have a ‘broader ownership structure’ with both large and small shareholders.
“We are proud of engcon’s position as the world’s leading manufacturer of tiltrotators,” said Krister Blomgren, CEO of engcon. “Our innovative products enable a more efficient and sustainable use of resources by effectively turning excavators into tool carriers that replace the need for other machines.
“The listing on Nasdaq Stockholm will support our journey to change the world of digging and we will work hard to deliver on the trust that our customers and shareholders have placed in us.”
Stig Engström, founder and principal owner of engcon, described the development as a ‘big milestone’. He added, “We have come an incredibly long way since I started the company just over 30 years ago. engcon’s ambition is to continue to develop future solutions for smarter, safer, and more efficient digging.
“It is gratifying that the interest in our fine company has been so great and that a strong investor base will be present and support us in the future. I look forward to remaining an active owner and warmly welcome all our new shareholders.”