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MTEK Industry AB Secures Strategic Debt Financing from SEB, Almi, and Norrlandsfonden to Accelerate Growth and Extend Technology Leadership

FOR IMMEDIATE RELEASE


Alfta, Sweden – 18 March – MTEK Industry AB ("MTEK"), a leading provider of MES/MOM software for the manufacturing software industry, is pleased to announce the successful closing of a significant debt financing package from SEB, Almi, and Norrlandsfonden. The debt facility will support MTEK's continued operational expansion, enhance its delivery capabilities, and further solidify the technological leadership of MBrain, its innovative Digital Production System (MES/MOM+), in the global marketplace.


 

MTEK's MBrain platform is rapidly establishing itself as the premier software solution for manufacturing and assembly operations. Leveraging a no-code approach, MBrain delivers unparalleled time-to-value benefits, revolutionizing the digitization of complex manufacturing assembly operations and reshaping the industrial software landscape.

 

Mattias Andersson, CEO of MTEK, emphasized the urgency of adaptation in the manufacturing domain, stating, "The world of manufacturing is moving extremely fast right now. Whether it's the proliferation of artificial intelligence, requiring highly nuanced and contextualized datasets to deliver its full potential, or the evolving geopolitical landscape imposing new demands on manufacturing companies, MBrain is a tool that will enable companies to navigate these challenges and transforming them into opportunities. We are thrilled to partner with SEB, Almi, and Norrlandsfonden to bring our vision to fruition."

 

Henrik Steinholtz of SEB Growth remarked on the company's achievements, "MTEK is emerging as a market segment leader not just in the Nordic region but globally. The company has been instrumental in supporting the emergence of some of our most successful and fastest-growing industrial ventures in recent times. At SEB, we work closely with several key industrial players in the region and understand from them the impact that MBrain can have on the competitiveness of the manufacturing sector in this fast-changing environment."

 

Oscar Wallner, Chief Commercial Officer and Head of Strategy at MTEK, expressed his enthusiasm about the deepening partnership, "We are delighted to deepen our partnership with SEB, Almi, and Norrlandsfonden through this credit facility. For MTEK, this represents a significant endorsement of our vision and trust in our company. Sweden has a legacy of being a strong industrial nation and, more recently, a hub for software and innovation. MTEK merges these two legacies to emerge as a Swedish global champion in industrial software. We look forward to leveraging this partnership for continued growth both domestically and internationally."

 

Eva Sarlind of Almi shared her perspective, "Almi has been a partner to MTEK throughout its journey. We are fascinated by the innovation and drive within the company and they have become an important player in the region that we are supporting. We look forward to what this facility enables."

 

Johanna Ceder from Norrlandsfonden added, "We are thrilled to be working with MTEK. MTEK embodies the spirit of innovation and growth within the manufacturing sector that is sweeping across Northern Sweden. The region offers unique characteristics for physical production, and that it is also fostering a global emerging software champion for manufacturing simply makes sense."

 

About MTEK

 

MTEK Industry AB is a global solution leader in digital manufacturing solutions, offering the no-code Digital Production System (MES/MOM+). With decades of manufacturing experience, MTEK is dedicated to providing the highest customer value and the most efficient product on the global market. Headquartered in Alfta, Sweden, MTEK operates globally through deployment and go-to-market partners.

 

 

About SEB

 

SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in our presence in more than 20 countries worldwide, with around 17,500 employees. At 31 December 2023, the Group's total assets amounted to SEK 3,608bn while assets under management totalled SEK 2,361bn.


 

About Almi

 

We invest in future growth! Almi offers debt funding, venture capital and business development support to companies with growth potential. Almi AB is owned by the Government of Sweden, and is the parent company in a group of 16 regional subsidiaries as well as Almi Invest AB. The regional subsidiaries are owned to 51% by the parent company and 49% by regional owners and offer debt financing and business development. Almi Invest AB is owned 100% by the parent company and offers Venture Capital funding. Almi’s mandate is to complement the private corproate funding market.


 

About Norrlandsfonden

 

Norrlandsfonden is a foundation tasked with promoting the development of companies with growth ambitions. It serves companies with operations in Norrbotten, Västerbotten, Västernorrland, Jämtland and Gävleborg. Our clients can be found in almost every sector, from manufacturing and hospitality to IT and biotechnology. We are particularly interested in companies that invest in new technologies or in new business areas with good growth opportunities.

We offer flexible top-up loans for establishment, development and expansion. With different types of loans, guarantees or sureties, we can tailor and complement the financing on top of the company’s own capital investment and bank financing. Every year we lend around SEK 300 million, which allows for offensive and forward-looking investments and enables companies and people to grow.

Norrlandsfonden is an independent actor, but works closely with banks, venture capital companies, auditors, regions, municipal enterprise companies and other stakeholders who work for a viable and expansive business community in Norrland. We are proud to contribute to the growth and strength of the whole of Norrland.



 

For further information, please contact:

Oscar WallnerChief Commercial Officer, MTEK Industry ABPhone: +46707571000Email: oscar.wallner@mtek.se 

 

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