Investment firm Bure divested its remaining 1.05 million shares in tech company Ovzon during April and no longer holds a stake in the firm, according to the latest monthly update from ownership tracking service Holdings.
As recently as December 2023, Bure held a stake of just over 8 percent.
Bure's Chairman, Patrik Tigerschiöld, previously told EFN that the company had to 'pick its battles' and therefore opted to sell.
'It is an incredibly exciting company that we helped build. We managed to navigate through quite a bit of hardship. I believe we participated in five rights issues,' he said at the time.
Ovzon's share price has climbed 125 percent over the past twelve months.
Meanwhile, the latest addition to Bure's portfolio, chipmaker Silex, has seen a stellar start to its stock market journey. On Thursday, the day of its listing, the stock surged nearly 180 percent, representing a value increase of 2.7 billion kronor since Bure's investment in June 2024, according to EFN.
Ovzon AB (publ) is a Sweden-based provider of mobile broadband services. The Company offers services via satellite combining bandwidth satellite communication services with mobile terminals. Terminals are offered in two versions: Manpacks, which enable transmit throughput of 20 megabits per second (Mbps) and received reception of 60 Mbps, as well as On The Move (OTM) terminal that transmits data rates of 8 Mbps using 6 inches antennas (13 Mbps with 9 inches). The Company’s services and technologies are applicable for providing secure broadband satellite communication in remote and dynamic coverage areas, for high-resolution live broadcasts and for secure, broadband communication for drones. Ovzon AB (publ) reports segment’s division that is based on the customer types and is divided into: Government, Media, NGO and Others. The Company operates in Sweden and the United States.
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