The Applied Materials and Scatec Innovation-backed titanium components producer has floated shares on the Euronext Growth Oslo by securing $35m in a private placement.
Norsk Titanium, a Norway-based titanium components manufacturer backed by semiconductor technology producer Applied Materials and technology holding company Scatec Innovation, has floated its shares on the Euronext Growth Oslo, following a $38m private placement.
Unnamed leading shareholders of Norsk Titanium provided $15m through the private placement while family-owned investment firm Ferd supplied $10m.
Founded in 2007, Norsk Titanium produces titanium components for the aerospace sector through an additive manufacturing process called rapid plasma deposition.
The proceeds will be used to…
