Reaktor Group Plc is planning a listing
Reaktor Group Plc is planning a listing on the regulated market of Nasdaq Helsinki.
With the share issue, Reaktor aims to raise gross proceeds of approximately EUR 20 million by offering new shares for subscription at the subscription price. The company will issue preliminarily a maximum of 2,430,932 new shares, assuming that a maximum of 67,294 new shares would be subscribed for in the personnel offering. In addition, the principal shareholders of the company and certain other shareholders will offer for purchase preliminarily in total a maximum of 4,189,262 existing shares in the company.
The offering consists of a public offering to private individuals and entities in Finland, an institutional offering to institutional investors in Finland and, in accordance with applicable laws, internationally outside the United States and a personnel offering to such full- and part-time employees in Finland and other member states of the European Union who are in a permanent or fixed-term employment relationship with the company or its subsidiaries at the start of the subscription period as well as the members of the Board of Directors and the management team of the company.
The offer shares are offered in the public offering and institutional offering for a subscription price of EUR 8.25 per offer share.
Message from the CEO
Building what matters
There is something special about this company, I thought in 2023 when I joined the Reaktor team. The company’s basic idea is fundamentally clear: we design, build and sell software products and digital solutions. I believe that Reaktor’s real magic lies in how things are done.
Our value lies in helping our clients reach their goals, not merely writing software. We are a Finnish, globally operating technology company with a proven track record of delivering business-critical solutions.
In line with our strategy, our objective is to develop from a predominantly consulting-led technology company into a multi-dimensional technology group in which the software product business plays a materially larger role. At the core of the group sit the historically stable and profitable technology solutions consulting business and the opportunities created by the ecosystem business. We believe that these three value creation mechanisms reinforce one another over the medium and long term.
We intend to allocate the proceeds from the Share Issue to three key areas in line with our strategic objectives: 1) building the Software Product Business, primarily through investments into the Defence & Security vertical, evaluation of opportunities to spin-off defence and security products to civil use cases and productization of consulting work in other verticals; 2) international and domestic expansion, organically and through selective mergers and acquisitions; and 3) accelerating the growth of the Reaktor Ecosystem venture Business.
You are warmly welcome to become a shareholder and build what matters together with us.
Pekka Horo
Chief Executive Officer
Why invest in Reaktor
The company’s management believes that particularly the following factors are key strengths that position the company positively in its competitive landscape:
Large addressable markets
Large addressable markets1 supported by favorable trends.
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Three-dimensional business model
Three-dimensional business model combining the Technology Solutions Business, a scalable Software Product Business, and the venture Ecosystem Business.
Intelligence Software Suite
Reaktor's Intelligence Software Suite for the defence and security market.
Deep industry specialization
Deep industry specialization across eight industry verticals with a premium, insight-led AI-embedded service offering.
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Blue-chip client base
Blue-chip client base, high client retention and a proven track record of delivering business-critical solutions.
Embedded AI and data capabilities
AI and data capabilities deeply embedded across the end-to-end delivery model.
Skilled and experienced workforce
Highly skilled and experienced workforce with delivery capabilities targeting high performance.
Reaktor Ecosystem
Reaktor Ecosystem provides the company with capabilities that complement its core business by establishing and developing companies to create long-term value.
Footnotes add
1Reaktor operates in the IT services market and the defence software market. With the term "addressable market" the company refers to the hypothetical overall revenue opportunity that could be available to the company, if it obtained a 100 percent market share in the relevant market, which is intended to illustrate the breadth and depth of the market that the company operates. The term is not an estimate of the market share that is, or is expected to be, available to the company.
Reasons for the offering
The objective of the offering is to enable
the company to execute its growth strategy and to allow the company to obtain access to capital markets and
broaden its ownership base both with domestic and foreign investors, which would increase the liquidity of the shares, and to strengthen the reputation and recognition of the company.
The listing and increased liquidity would also make it possible to use the shares more effectively as a means of consideration in potential mergers and acquisitions ("M&A") and in incentive programs for personnel.
The proceeds from the share issue are intended to be allocated to three key areas in line with the company's strategic objectives:
building the Software Product Business, primarily through investments into the Defence & Security vertical, evaluation of opportunities to spin-off defence and security products to civil use cases and productization of consulting work in other verticals;
international and domestic expansion, organically and through selective M&A; and
accelerating the growth of the Reaktor Ecosystem venture Business.
Cornerstone investors
Ilmarinen Mutual Pension Insurance Company, Mariatorp Oy, certain funds managed by SP-Fund Management Company Ltd, Danske Invest Finnish Equity Fund, Aktia Fund Management Company Ltd for and on behalf of mutual funds managed by it and WIP Asset Management Ltd have each individually given subscription undertakings on 22 May 2026, under which the cornerstone investors have committed to subscribe for offer shares amounting to approximately EUR 45 million in total in the offering assuming that the maximum valuation of all shares (excluding treasury shares held by the company) at the subscription price before any proceeds from the share issue does not exceed EUR 190 million.
Important dates
| Date | Event |
|---|---|
| 8 June 2026 at 10:00 a.m. EEST | The subscription periods for the public, personnel and institutional offering commence |
| 11 June 2026 at 4:00 p.m. EEST | The subscription periods for the public offering and the personnel offering may be discontinued at the earliest |
| 12 June 2026 at 4:00 p.m. EEST | The subscription period for the institutional offering may be discontinued at the earliest |
| 12 June 2026 at 4:00 p.m. EEST (on or about) | Subscription period of the public offering and the personnel offering end |
| 15 June 2026 at 10:00 a.m. EEST | Subscription period of the institutional offering ends |
| 16 June 2026 (on or about) | Announcement of the final subscription price and the final results of the offering |
| 16 June 2026 (on or about) | New shares are registered in the book entry accounts in the public offering and the personnel offering |
| 16 June 2026 (on or about) | Trading in the shares commences on the prelist of Nasdaq Helsinki |
| 18 June 2026 (on or about) | The shares allocated in the institutional offering are ready to be delivered against payment through Euroclear Finland Ltd. |
| 18 June 2026 (on or about) | Trading in the shares commences on the regulated market of Nasdaq Helsinki |
Places of subscription in the public offering
The place of subscription in the public offering for Nordnet’s and other banks' book-entry account customers is:
Nordnet's online service at www.nordnet.fi/reaktor. The subscription can be made through online service with the bank identifiers of Nordnet, Aktia, Danske Bank, Nordea, Oma Savings Bank, Osuuspankki, POP Bank, S-Bank, Säästöpankki or Ålandsbanken. The commitment can also be made on behalf of a corporation through Nordnet's online service.
In addition, when separately agreed, the subscription commitment in the public offering can be made at Nordnet Bank AB, Finnish Branch’s office at Alvar Aallon katu 5 C, FI-00100 Helsinki, Finland, on weekdays from 1:00 to 5:00 p.m. (Finnish time).
Reaktor’s key figures
Q1/2026
Revenue Q1/2026 EUR 39.1 million1 (Q1/2025: EUR 29.9 million)1
Adjusted operating profit (EBIT)2 Q1/2026 EUR 10.4 million1 (Q1/2025: EUR 2.2 million)1
Operating profit (EBIT)2 Q1/2026 EUR 9.1 million1 (Q1/2025: EUR 1.7 million) 1
Adjusted operating profit (EBIT) %2 of revenue Q1/2026 26.6%1 (Q1/2025: 7.4%)1
Operating profit (EBIT) % of revenue2 Q1/20261 23.3% (Q1/2025: 5.6%)1
At the end of Q1/2026 Reaktor had 690 employees1
2025
Revenue 2025 EUR 117.7 million3 (2024: EUR 116.9 million)3
Adjusted operating profit (EBIT)2 2025 EUR 10.6 million1 (2024: EUR 12.4 million)1
Operating profit (EBIT) 2025 EUR 8.1 million1 (2024: EUR 9.4 million)1
In 2025 Reaktor had 119 active clients4
Footnotes add
1Unaudited
2Alternative performance measure
3Derived from the audited consolidated financial statements
4Number of customers defined as clients with invoiced revenue greater than zero during the financial year 2025.
Materials
Offering Circular
Reaktor Group Oyj, Trade Register extract
Reaktor Group Oyj, Articles of Association (unofficial translation)
Interim Report January–March 2026 (EN)
Auditor’s report on the review of interim financial information for the three-month period ended 31 March 2026
The Company’s set of IFRS consolidated financial statements for the financial years 2025–2023
Auditor’s report on the Company’s set of IFRS consolidated financial statements for the financial years 2025–2023
Board of Directors' report from the Company’s statutory financial statements for the financial year 2025
Board of Directors' report from the Company’s statutory financial statements for the financial year 2024
Board of Directors' report from the Company’s statutory financial statements for the financial year 2023
ITF webcast on May 25, 2026
Releases
Investing involves risks. The information presented on this page is not a complete description of the offering. The investment decision must be made on the basis of the information presented in the Offering Circular, including risk factors.
Q&A
Why is Reaktor planning an Initial Public Offering and how will the proceeds be used? add
The objective of the offering is to enable the company to execute its growth strategy and to allow the company to obtain access to capital markets and broaden its ownership base both with domestic and foreign investors, which would increase the liquidity of the Shares, and to strengthen the reputation and recognition of the company. The listing and increased liquidity would also make it possible to use the shares more effectively as a means of consideration in potential mergers and acquisitions and in incentive programs for personnel.
The proceeds from the share issue are intended to be allocated to three key areas in line with the company's strategic objectives:
building the Software Product Business, primarily through investments into the Defence & Security vertical, evaluation of opportunities to spin-off defence and security products to civil use cases and productization of consulting work in other verticals;
international and domestic expansion, organically and through selective mergers and acquisitions; and
accelerating the growth of the Reaktor Ecosystem venture Business.
How can I subscribe for the offering shares? add
The place of subscription in the public offering for Nordnet’s and other banks' book-entry account customers is:
Nordnet's online service at www.nordnet.fi/reaktor. The subscription can be made through online service with the bank identifiers of Nordnet, Aktia, Danske Bank, Nordea, Oma Savings Bank, Osuuspankki, POP Bank, S-Bank, Säästöpankki or Ålandsbanken. The commitment can also be made on behalf of a corporation through Nordnet's online service.
In addition, when separately agreed, the subscription commitment in the public offering can be made at Nordnet Bank AB, Finnish Branch’s office at Alvar Aallon katu 5 C, FI-00100 Helsinki, Finland, on weekdays from 1:00 to 5:00 p.m. (Finnish time).
When will the subscription period for the offering commence and end? add
The subscription period for the public offering will commence on 8 June 2026 at 10:00 a.m. EEST and end on or about 12 June 2026 at 4:00 p.m. EEST.
What is the subscription price in the offering? add
The offer shares are offered in the public offering and institutional offering for subscription price of EUR 8.25 per offer share.
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