TAMTURBO OYJ PRESS RELEASE 17 JANUARY 2025 at 12:00
Tamturbo Oyj secures €22 million financing to accelerate international growth
Tamturbo Plc has secured a total investment of 22 million euros, led by prominent Finnish industrial families and family offices, with support from existing owners and new international investors. Building on continuous new key customer wins and repeat orders from global blue-chip customers, this new funding will significantly accelerate Tamturbo’s international growth.
Approximately EUR 1,1 million of the financing was raised through a rights issue directed at existing shareholders, which concluded on 12 December 2024. The remaining 21 million euros was secured through a directed share issue, involving domestic and international institutional investors. The subscription price for shares in both the rights issue and the directed share issue was the same. The significant participation of prominent domestic and international anchor investors reflects strong confidence in Tamturbo’s technology and long-term prospects. The financing will also bring new Board members to Tamturbo, each bringing substantial expertise and experience.
“We are excited to be the lead investor in this financing round for Tamturbo. We have been following the industrial compressed air technology disruption initiated by Tamturbo for some time. We are impressed with how quickly the world’s largest companies have adopted their innovative, 100% oil-free, energy-saving compressor technology. We at Ahlstrom Invest have a long tradition of developing industrial pioneering companies and we believe that Tamturbo’s technology and vision are a perfect fit with our goals for sustainable, long-term growth,” says Andreas Ahlstrom, CEO of Ahlstrom Invest.
“We’re pleased to have the support of strong, long-term Finnish and international anchor investors whose goals and values closely align with ours in advancing the industrial green transition. The funds raised will help us build a solid foundation to accelerate our international growth and enable the purchase and cancellation of shares currently owned by Sulzer AG” says Igor Nagaev, CEO of Tamturbo.
Tamturbo to help industrial companies to achieve their carbon reduction targets
Industrial compressed air accounts for approximately 5% of global electricity consumption and 10% of the electricity used in industrial operations. Tamturbo’s groundbreaking oil-free turbo compressor technology and innovative energy recovery systems offer a straightforward, effective way to reduce industrial electricity consumption and subsequently, reduce costs and carbon footprint. Together with their minimal maintenance requirements, Tamturbo products result in by far the lowest life cycle costs and a fast return on investment for customers. Tamturbo has attracted several of the world’s largest companies in the food, beverage, electronics, pulp&paper, consumer goods, and aerospace industries as its customers.
“One of our greatest achievements has been breaking into international markets dominated by a single major player for more than 50 years. The frequency of repeat orders highlights the genuine value our technology and solutions bring to our customers” says Nagaev.
Strengthened presence in North America
The majority of Tamturbo’s current and future customers have their headquarters or significant industrial operations in North America. As a result of the financing rounds, Tamturbo is also exploring opportunities to strengthen its presence in the region.
“The involvement of prominent Finnish and international anchor investors is crucial for Tamturbo’s future. I want to warmly welcome our new investors and extend my gratitude to our existing shareholders for their trust in the company. Together, we can advance our vision and strengthen our position as the global leader in sustainability in the industrial compressed air business,” concludes Nagaev.
For More Information (in English):
TAMTURBO PLC
CEO Igor Nagaev
Phone: +48 733 511 303
Tamturbo in brief
Tamturbo is a Finland based, industrial growth company in the cleantech sector that enables cleaner and more energy-efficient industrial compressed air production with a new generation of Touch-Free™ compressor technology, highly efficient energy recovery systems, and service models that add value to customers. Tamturbo develops and manufactures air compressors, which offer a more environmentally friendly solution that is completely oil-free, energy-efficient and a long-lasting option which is clearly the Lowest Total Cost of Ownership solution for the customer. Tamturbo offers a subscription model, with Air-as-a-Service business model, in which case the customer only pays for the compressed air they use. Tamturbo operates in a fast-growing market and its high growth is supported by global megatrends.