The growth story of the Finnish technology company Novatron gains new momentum with an investment from Mandatum Asset Management’s Growth Equity II fund. The investment supports the international expansion and commercialization of innovations of the company specializing in infrastructure construction automation.
The MAM Growth Equity II fund invests 12 million euros in the Finnish company Novatron, a pioneer in infrastructure construction digitalization, which develops machine control systems, sensor technology, OEM components, and software. The company has grown over 30 years to become a leading player in the field in Finland and the Nordic countries. The investment enables Novatron to accelerate growth, expand its product portfolio, and strengthen its position in the global market.
Novatron’s technologies make construction more precise, faster, and more cost-effective. Machine control systems guide earthmoving machinery using GNSS and sensor technology, which reduces manual labor and improves accuracy: according to studies, excavation work can be accelerated by approximately 27% and productivity can increase by up to 50%. Solutions based on Novatron’s technology improve data and site management in infrastructure projects, reduce errors, and can lower project costs by several percentage points compared to traditional construction methods.