SmartCraft

Carnegie Investment Bank Norway is proud to have acted as Global Coordinator and Joint Bookrunner in connection with SmartCraft’s successful 1.2 billion IPO on the Oslo Stock Exchange.

The offering attracted a range of high-quality Nordic and international investors, including Capital World Investors, Carnegie Fonder AB and Handelsbanken Fonder AB that acted as cornerstone investors in the IPO.

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to SME’s in the construction sector. The company’s business model is highly scalable, based on 94% recurring revenue and low churn. The construction sector is among the least digitalized industries and represents a NOK 10bn software market in the Nordics, growing at a double-digit rate. SmartCraft’s solutions help customers to increase their productivity, margins, and resource efficiency.

Carnegie congratulates Valedo Partners, CEO Gustav Line, CFO Kjartan Bø and the rest of the SmartCraft team with the successful transaction and we look forward to continuing our support of SmartCraft going forward.