Oxeon AB

New private equity shareholder for Oxeon AB

Press Release   •   Oct 18, 2010 13:02 BST

Investment firm InnovationsKapital have invested in Oxeon and is the newest shareholder in Oxeon AB. InnovationsKapital invests in Nordic high-tech companies with strong growth.                  

Staffan Ingeborn, responsible for InnKap 4 Partners LP acquisition of stake in Oxeon AB, comments the interest in Oxeon:

 “Oxeon AB is a very exciting company with a unique product offering and with impressive customer traction. The company has a strong management team and we see this as a great opportunity to invest in a company with good growth and profitability”

Henrik Blycker, CEO at Oxeon, comments the investment:

“We are flattered by the confidence given by our owners and to be chosen by such a well reputed investor. This also shows that the company is developing in the right direction and that the company is ready for bigger challenges”.

About InnovationsKapital

InnovationsKapital was founded in 1994 and is a private and independent early stage venture capital firm for innovative growth companies. The business, carried out from offices in Gothenburg and Stockholm, is focused on Nordic investments within ICT and Healthcare & Life Sciences. To date, over 65 investments have been made. Successful exits include Altitun, Arexis, BioInvent/Alligator, Carmen Systems, Kreatel Communications, NordNav and Spotfire. InnovationsKapital advises four venture capital funds aggregating EUR 323 million in committed capital. The capital is provided by highly reputable Swedish and international institutional investors.  Further information about InnovationsKapital can be found at www.innkap.se.

About Oxeon

Founded in 2003, Oxeon has quickly established itself as the market leader in Spread Tow reinforcements. Use of these Spread Tow carbon reinforcements increases the mechanical performance of composite material products and reduces the weight. Utilization of Oxeon’s TeXtreme® Spread Tow Fabrics and TeXero® Spread Tow UD tapes by manufacturers of advanced aerospace, automotive, racing, industrial and sports products in applications that have critical material performance requirements has affirmed the significance of Oxeon’s ultra light materials.