SAFE4U Welcomes New Investors in Joint Initiative to Build the Next Generation of Nordic Defence Industry

SAFE4U Security Of Sweden AB ("SAFE4U") is proud to announce that the company is welcoming new investors, with Flat Capital AB (publ) ("Flat") as the largest investor.

As part of the transaction, Defensor Group AB ("Defensor"), a newly established Swedish industrial group with Flat as its largest shareholder and with the ambition to become a leading force in the Nordic defence industry, will acquire 70 per cent of the shares in both SAFE4U and ArmaTech i Kungsbacka Aktiebolag, a leading Swedish system supplier. The remaining 30 per cent in each company will continue to be held by their current owners who, together with Flat, other investors, and employees, will also become shareholders in Defensor.

Defensor brings together successful entrepreneur-led companies, combining their speed and innovative strength with the resources and resilience of a larger industrial group. Together, we will be able to take on larger orders, build shared expertise, create industrial synergies, and coordinate efforts to better meet customer needs. This also enables long-term investments that strengthen and scale up Nordic defence capacity.

Daniel Denvell, Founder of SAFE4U:

SAFE4U has always aimed to deliver the highest quality ballistic protection to government customers, developed in Sweden and manufactured in Europe with European raw materials. Defensor gives us the strength to meet growing demand, further develop our market-leading products and eventually strengthen Swedish production capacity at a time when origin and supply readiness have become crucial for our customers.

SAFE4U's operations will continue as usual. Daniel Denvell will remain as CEO of SAFE4U.

The transaction is subject to customary closing conditions, including regulatory approvals.

For enquiries, please contact: [email protected].

About Flat Capital

Flat Capital makes long-term investments in outstanding entrepreneurs through its global network, giving shareholders access to companies with great potential. The portfolio includes several global and leading tech companies, such as OpenAI, Klarna, Perplexity, SpaceX and ElevenLabs. Flat Capital was founded in 2013 by Nina and Sebastian Siemiatkowski, the entrepreneurs behind Milkywire and Klarna. Flat's major shareholders also include several of Sweden's leading entrepreneurial and industrial families.