Sensofusion Oyj Plans an Initial Public Offering, Share Sale, and Listing on the Regulated Market of Nasdaq Helsinki
Sensofusion Oyj (“Sensofusion” or the “Company”) is a Finnish drone detection and mitigation company that designs, develops, and sells software-driven solutions aimed at protecting people from autonomous weapons. The Company operates through a full detection-and-mitigation ecosystem consisting of four stages: target detection using multiple sensing technologies, fusion of detection data into a single situational picture, presentation of the situational picture to operators and autonomous systems, and threat mitigation using multiple methods.
The Company is planning an initial public offering and share sale and the listing of its shares on the regulated market of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) (the “Listing”). The planned initial public offering and share sale is expected to consist of the offering of new shares of the Company (“New Shares”) for subscription in a share issue (the “Share Issue”). In addition, Haave Oy (the “Principal Shareholder”) and certain other existing shareholders of the Company are expected to offer existing shares of the Company for purchase (together with the Share Issue, the “Offering and Share Sale”).
Sensofusion aims to preliminarily raise gross proceeds of approximately EUR 300 million through the Share Issue by offering New Shares for subscription. Sensofusion intends to use the proceeds from the Share Issue to finance its growth strategy, including: (i) accelerated research and development investments to develop its own software, detection technologies, mitigation technologies, artificial intelligence capabilities, and satellite capabilities, (ii) expanding production and testing capacity in relevant market areas, and (iii) further strengthening the Company’s balance sheet and financial headroom.
Mutual Pension Insurance Company Elo, Mutual Pension Insurance Company Ilmarinen, certain funds managed by OP Fund Management Company Ltd, and Mutual Pension Insurance Company Varma (together, the “Anchor Investors”) have undertaken, subject to certain customary conditions, to subscribe for shares of the Company in the planned Offering and Share Sale for a total amount of approximately EUR 170 million, based on a pre-money valuation of the Company of up to EUR 1,300 million.
Tuomas Rasila, Founder, CEO, Board Member, and Largest Shareholder, comments:
“Many wonder why a company should list on the stock exchange when it could remain private. I want Sensofusion to grow larger than its founder. At the same time, I intend to continue as CEO even after the planned listing. Equally, I want more people to have the opportunity to join our mission to defend humanity against autonomous weapons. This company is not being sold; it is being driven forward, together with our new owners.”
Timo Ahopelto, Chairman of the Board, comments:
"Sensofusion is a Finnish company that has spent ten years building technology against the threat arising from two megatrends—artificial intelligence and robotics. We protect people from autonomous weapons. The listing enables this work to be carried out even faster.
The anchor investors have committed to subscribing for a total of approximately EUR 170 million in the offering. We are extremely pleased to work with these owners."
In the 2025 financial year, 87.2 percent of Sensofusion’s net sales were generated in the EMEA region\u003csup\u003e\[1\]\u003c/sup\u003e, 9.1 percent in North America, and 3.7 percent in the rest of the world. Sensofusion’s net sales are not materially tied to active conflicts, and, for example, in 2025 only 7 percent of net sales were generated in Ukraine. In the 2025 financial year, net sales were heavily concentrated on defense and security authority customers, who accounted for 98.5 percent of net sales, while civilian customers accounted for 1.5 percent.\u003csup\u003e\[2\]\u003c/sup\u003e
Key Strengths
Sensofusion’s management considers the following factors to be Sensofusion’s key strengths and competitive advantages:
- strong position in a significantly growing market;
- pioneer in drone detection and mitigation innovations;
- direct customer relationships and vertically integrated business model;
- battlefield-verified performance and continuous improvement cycle; and
- strong financial profile and value creation model.
Strategy
Sensofusion’s mission is to defend humanity against autonomous weapons. The starting point of the Company’s strategy is the view that drones have permanently changed warfare and that traditional defense systems alone are not enough to counter the rapidly evolving, cost-effective, and quantitatively growing drone threat. Sensofusion aims to turn this dynamic to the defender’s advantage by developing drone detection and mitigation solutions that improve faster than the threat environment changes. In the management’s view, in a rapidly evolving market, competitive advantage is created not only by the current best technology, but by the ability to convert capital, operational feedback, and technological know-how into new products and product improvements faster than competitors.
Sensofusion’s growth strategy is based on three key strategic focus areas:
- expanding the integrated detection-to-mitigation product portfolio;
- growing independent defense capabilities through direct customer relationships; and
- disciplined and profitable business scaling.
The webcast will begin at 11:00 a.m.