Home 8.6.2026 Free for immediate release Geolaser Oy is a Finnish surveying equipment company founded in 2012. Its operations include the import, sale, maintenance, rental, user training, and software services for products related to land and construction surveying. Geolaser is, among other things, the importer and exclusive distributor of GeoMax International GmbH products in Finland. Following the acquisition, Geolaser Oy and its business operations will become part of the Novatron Group, a Nordic group specializing in technology solutions for the infrastructure sector, operating in Finland and Sweden. Geolaser Oy is headquartered in Järvenpää and operates throughout Finland. Geolaser Oy’s entire business and two employees will be transferred as part of the transaction, which will take effect on 8.6.2026. Geolaser Oy’s services will remain unchanged for customers, and the acquisition will not result in any changes to existing contracts. A more comprehensive range of services and products for customers in Finland Going forward, Novatron Oy’s customers will have access to GeoMax products and several other brands in the industry through a one-stop-shop approach. Geolaser Oy’s customers will also have access to Novatron Oy’s domestically produced machine control devices and software. “Geolaser’s integration into the Novatron Group significantly strengthens our ability to serve Finnish customers in the earthmoving, construction, and surveying sectors more comprehensively than ever before. Geomax products are an excellent complement to Novatron’s current range of machine control, software, and services, and going forward, customers will have access to an even broader offering through a single domestic partner,” says Petri Moisio, CEO of Novatron Oy. “The primary goal of this acquisition is to ensure business continuity, a high level of service, and long-term development for Geolaser’s customers. At the same time, we see a clear opportunity to also offer Geolaser’s customers Novatron’s domestic Xsite solutions and to strengthen the digital value chain across the entire infrastructure sector in Finland,” Moisio continues. “We are very pleased that Geolaser’s expertise and customer relationships will become part of Novatron. Together, we will be able to build an even stronger service offering that combines measurement technology, machine control, software, maintenance, and user support,” says Moisio. The large user base of GeoMax measuring devices and software will continue to receive the best possible service “We are bringing our solid experience, built up over decades, and our service concept under the GeoMax brand into the Novatron Group,” says Matti Leinonen, founding partner of Geolaser Oy. “We would like to thank our customers for their business over the years. As a major player in the industry, Novatron is certainly best positioned to serve our customers going forward,” says Jukka Lindström, founder and partner of Geolaser Oy. “The large user base of GeoMax measuring instruments and software will continue to receive the best possible service and support for the products they have purchased,” he continues. Geolaser Oy’s goal is to operate reliably, flexibly, and with respect. Our high standard of service will continue as part of the Novatron Group, whose values are trust, community, and transparency. Together, we will offer our customers advanced and sustainable technology solutions. Matti Leinonen and Jukka Lindström will continue in their roles at Novatron Oy. GeoMax products are also available in Sweden by Novatron Sweden AB. More information: Matti LeinonenGeolaser Oy045 864 8757matti.leinonen@geolaser.fi Jukka LindströmGeolaser Oy050 412 6647jukka.lindstrom@geolaser.fi Petri MoisioCEO, Novatron Oy040 861 5027petri.moisio@novatron.com Geolaser Oy is a Finnish surveying equipment company founded in 2012 that imports, sells, maintains, and rents products related to land and construction surveying, and provides user training and software services. Geolaser is the importer and exclusive distributor in Finland for Geomax International GmbH and several other products in the industry. Novatron Oy is a Finnish technology company that develops and manufactures advanced machine control systems, sensor technology, and OEM components, as well as software that enables efficient, safe, and sustainable infrastructure construction. Novatron’s Expert Services offers product development services for software and mechanical design. Read more: https://novatron.com
Home 4.6.2026 The latest update to Novatron’s Xsite 3D machine control system includes Auto logging feature that assists excavator operators during dredging work. The feature is particularly useful in work phases where the bucket movements cannot be seen directly from the cab – in dredging work and other waterway or shoreline construction applications. The system displays the work area as a real-time color map, making it easy to see the progress of the work at a glance. Novatron’s Xsite 3D machine control system is developed in collaboration with excavator operators and includes much wanted features. This new auto-logging feature automatically creates a surface model of the cut, which is also visualized with colors on top of the design model. The visualization helps to estimate the amounts of needed fill materials especially in dredging, where the finished cut can not otherwise be seen. Use of Xsite 3D with new auto-logging reduces guesswork, speeds up work, and helps avoid over-excavation. The result is more consistent dredging work and a better overall view of work progress. In addition, the feature improves work safety and helps to control the impact of excavation work on the sensitive natural environment. New Auto-logging feature: Automatically creates a surface model of the cut, which is also visualized with colors on top of the design model Color coding provides a clear overview of the work Colors and their tolerances can be selected by operator Reduces guesswork and speeds up work Helps avoid over-excavation and works particularly well in areas with limited visibility, such as dredging Get your Xsite 3D today! Contact your local Xsite Dealer! Find Your Dealer Visit product page
Home 4.5.2026 Tamtron’s innovative Excavator Scale was launched onto market in 2025. The solutions enable automatic weighing during normal loading. Designed for real work environments, it has modern and intuitive user interface that is easy to learn and fast to use, minimizing training time and operational errors. When Tamtron, a leading provider of advanced weighing solutions, started to develop the product, the company turned to Novatron for specific expertise in the field of sensor technology and processing the weighing information on machine control software. Tamtron is a leading provider of advanced weighing solutions consisting of innovative weighing and dosing technologies, lifecycle services and modern cloud-based digital services. The weighing solutions provided by Tamtron make customers’ everyday operations easier and more efficient in all major industries, including construction, mining, forestry, waste management and recycling, ports, transport and logistics, and process and manufacturing industries. As an experienced product developer, Tamtron recognized the need for advanced machine control expertise to ensure a fast development process and seamless integration of accurate sensor data into the weighing software. They contacted Novatron. “Novatron’s deep expertise in excavator machine control system perfectly complimented our weighing knowhow”, tells Tommi Alakoski, Product Manager, On-Board Weighing at Tamtron. “Novatron’s deep expertise in excavator machine control system perfectly complimented our weighing knowhow”, tells Tommi Alakoski, Product Manager, On-Board Weighing at Tamtron. Novatron is a pioneer in automation technology for infrastructure construction, developing advanced machine guidance systems since 1991. Today the company offers solutions for digitalization, machine control and data management on construction sites as well as advanced components, such as IMU sensors, and software development for OEM’s. On this project Novatron contributed both sensor technology and machine control software expertise to the solution. “From the beginning, the goal was to build a solution that is scalable and compatible across different machine platforms. This is very much aligned with how we develop our own OEM-ready technologies at Novatron.” says Jani Hänninen, OEM Sales Director at Novatron. “Together we created seamlessly integrated solution where weighing takes place during the operator’s normal workflow”, says Alakoski. From software to sensors and hardware to cloud services, Novatron offers real FullStack design expertise for OEM’s. “This project also demonstrates how we can support OEMs in building their own applications faster. By combining validated hardware components with modular software, we enable partners to accelerate development, reduce integration complexity, and bring solutions to market more efficiently”, says Hänninen. “This project also demonstrates how we can support OEMs in building their own applications faster. By combining validated hardware components with modular software, we enable partners to accelerate development, reduce integration complexity, and bring solutions to market more efficiently”, says Hänninen. The Excavator Scale is compatible with all excavator brands “The developing of an excavator scale was driven by a clear market need. Increasing inquiries from the customers to have reliable weighing data directly from the machine”, Alakoski says. What makes this product perfect for any construction site is that it can be fitted into any excavator brand. “Designed for all excavator brands, our technology keeps the operations running smoothly with minimal downtime and maximum efficiency. Whether you’re managing a single machine or an entire fleet, Tamtron’s weighing technology ensures reliable performance, better data, and more time for productive work”, tells Alakoski. This requirement was also familiar to Novatron, as the company’s own Xsite machine control systems can be also fitted to any work machine brand and is as such the preferred system by many rental fleet companies. Additionally, Novatron’s 2D machine control solution can be factory-fitted by OEM’s and offer cost-efficient solution towards a higher level of automation. A successful co-development project “The market feedback has been really positive. The customers appreciate ease of use and ability to streamline their operations”, Alakoski tells. “Looking ahead, we see a great potential for the joint innovation with Novatron, for example, by developing new functionalities for the excavator scale”, Alakoski says. The project was so successful that Tamtron AB in Sweden and Novatron Sweden AB later entered into a strategic partnership to strengthen their positions as premium suppliers of weighing and machine control solutions. The partnership creates synergies that deliver added value for customers, with a focus on innovation, integration, and long-term thinking. OEM looking for solutions? Read more here. Want to learn more about Excavator Scale? Read more here. Contact us Jani Hänninen OEM Sales Director +358 50 48 72642 jani.hanninen@novatron.com
Home 19.3.2026 From March 19th 2026 onwards, Novatron Oy and Novatron Sweden AB can be reached through the group’s joint website at the new address novatron.com. The website is available on English, Finnish and Swedish languages. The domain change includes new emails. The new email format for Novatron group’s personnel is firstname.lastname@novatron.com. You can reach our services from following emails: Internationally OEM Sales: sales@novatron.com In Finland Sales in Finland: myynti@novatron.com Support in Finland (Cloud Service and Machine Control): tuki@novatron.com Service and spare parts in Finland: huolto@novatron.com 3D-Win support in Finland: 3dwin@novatron.com In Sweden Support in Sweden: support@novatron.com Sales in Sweden: order@novatron.com Contact us
Home 18.2.2026 Free for immediate publishing GeoSerwis provides Polish construction companies high-quality products and expert services relating to wide range of 2D and 3D machine control systems and leveling attachments. Collaboration with Novatron brings Xsite Machine Control systems and software available to the Polish market. Business owner Michał Łakota graduated from the Wrocław University of Environmental and Life Sciences with a degree in Construction and Surveying and Cartography. He’s been involved in the construction industry since the beginning of his professional career in 2006. In addition to providing equipment, his company GeoSerwis also solves customers’ challenges with machinery – ranging from incorrect operation of the system or machine hydraulics, through problems with the installation or system components, to problems with designs or geodetic support for construction. “Partnering with Novatron makes 2026 look especially promising. This collaboration marks an important step forward in my company’s development”, says Michał Łakota, owner of GeoSerwis. Xsite Machine Control systems and software available to the Polish market Novatron’s Xsite Dealership includes sales, installation services, training and remote support for Xsite® 3D and Xsite® EASY machine control systems for excavators, as well as Xsite® MANAGE Cloud Service for worksite management. Cloud Service is a user-friendly and secure way to transfer data between the construction site, machines and office, while enabling construction professionals to work smarter and use resources more efficiently. “GeoSerwis has demonstrated strong expertise in machine control systems over the years and has a proven ability to solve customers’ real-world challenges”, says Petteri Haapanen, Head of Partner Business at Novatron. “Their hands-on experience with Xsite systems already operating in Poland makes this cooperation a natural step forward. We are excited to work together with GeoSerwis and believe our Xsite products are well suited to local needs”, Haapanen says. Contact: GEOSERWIS Sp.z o.o.Ul. Stanisława Lema 1055-011 SiechniceNIP: PL 896-161-02-29 Michał Łakota michal@geoserwis.info.pl 0048 609 133 706
Home 19.1.2026 Novatron provides professional software solutions for infrastructure construction, built on decades of close collaboration with construction and surveying professionals. Its long-standing product, 3D-Win™, has become one of the most widely used infrastructure software tools in Finland. Building on this solid foundation, Novatron is now introducing Xsite® REWISE, a new independent infrastructure software designed for international markets. Both products are developed as standalone applications and operate without any dependency on external CAD platforms – just like how the users prefer. The Most Popular Infrastructure Modeling and Calculation Software in Finland – and the Next Step Forward For more than thirty years, 3D-Win™ has supported the daily work of surveyors, survey managers, geospatial engineers and infrastructure professionals. It is an independent Infrastructure Modeling and Calculation Software, developed to support surveying, inspection, editing and calculation workflows in infrastructure projects. 3D-Win™ enables users to generate and process survey data, perform vector and raster transformations, and work with terrain and structural models in a single environment. The software is widely used in Finland for various tasks: inspection and validation of infrastructure data, handling of terrain and structural surfaces, calculation and analysis tasks supporting bidding and execution as well as preparation and coordination of construction-ready data. Its long-term success is based on continuous development in close cooperation with users and a strong focus on practical surveying-driven workflows. What customers say about 3D-Win “The main benefits of using 3D-Win with our design system are data editing, creation, production and quality assurance.” – Anna Partiainen, Consultant, Destia Oy “The implementation of 3D-Win was a turning point for us, both for the calculation of quotations and later for the construction sites. The visualization of different work phases was made much easier and mass inspections were possible with just one click of a button. It is also much easier to pass on information from the tender calculation to the construction sites. 3D-Win paid for itself already in the first project.” – Lauri Bragge, Office and Development Manager, STM Infra Oy Xsite® REWISE enables Modern Construction Workflows Xsite® REWISE represents the next step in Novatron’s infrastructure software development. Like 3D-Win™, it is designed as an independent Infrastructure Modeling and Calculation Software, operating without any CAD platform dependency. Rewise focuses on construction-oriented modeling and surveying workflows, providing a modern environment for preparing and handling infrastructure data for execution. The product has been designed from the ground up to support international construction projects and modern surveying practices. It’s especially suits the needs of Nordic customers: earthmoving constructors looking for easy-to-use tool, Surveying Managers and Quality assurance Specialist. At its current stage, Xsite® REWISE supports many tasks, including infrastructure modeling for construction use, surveying-driven data preparation, handling and refinement of construction-ready models and streamlined workflows in a standalone software environment. “Xsite REWISE is the only software I need for modeling and handling surveying data. It’s easy to use and fits seamlessly into my workflow. – Eivind Fritun, Surveying Engineer & Calculator, Grunn & Betong AS Quality Assurance and Mass Calculation Capabilities coming soon Quality assurance and mass calculation are key elements of the long-term vision for Xsite® REWISE. These capabilities are being introduced in phases as part of the product roadmap. The first mass calculation related features are scheduled for release during the summer 2026, with further functionality expanding Rewise’s role in construction-phase verification and calculation workflows. This phased approach ensures that new capabilities are introduced in a controlled and user-driven manner, aligned with real project needs. How are Novatron’s software different from others? A key characteristic of 3D-Win™ and Xsite® REWISE software is their independence. The software is not dependent on any external CAD system and can be used as a standalone environment for infrastructure modeling, surveying workflows, and calculation tasks. This approach has certainly made 3D-Win a practical and trusted tool across a wide range of professional users in various roles and project phases. Both products share the same core principle as Novatron’s independent Infrastructure Modeling and Calculation Software – they support infrastructure construction professionals without the need to rely on external CAD platforms. Available soon internationally While 3D-Win™ continues to serve as a trusted and widely used infrastructure software solution in Finland, Xsite® REWISE is designed for broader international adoption. Together, these software reflect Novatron’s long-term expertise in infrastructure modeling, surveying workflows and calculation, combined with a clear focus on future construction processes. Xsite® REWISE will soon offer the most popular features of 3D Win™ software to the international market. With original Xsite® REWISE infra software, users no longer need to combine the features they need from multiple CAD software and can focus on the job instead. Availability: 3D-Win™ infra software licenses are currently only available in Finland. Xsite® REWISE will be launched commercially to the selected countries by the end of 2026. Available now for Early Access users in Norway. Contact local Dealer Hella Maskin AS for more information. See product page Available now for Early Access users in Norway. Contact local Dealer Hella Maskin AS for more information. Contact Hella Maskin AS
Home 12.1.2026 The Xsite DRILL drilling and hole navigation system developed for Novatron’s surface drilling equipment gains new features in version 2.13. The version offers new interfaces for different machine types and enables measurement during drilling. Xsite® DRILL is a high-precision satellite-based drilling and hole navigation system that helps the drill operator navigate to the correct hole position and assists in achieving the correct drilling angles and depth quickly and safely. The system is also available for non-cabin drill rigs as the Xsite® DRILL RD version with a wireless remote display. Xsite DRILL version 2.13 includes an interface for StonePower drill rigs. Version 2.13 brings new features MWD data gathering is now available on all devices. You can log MWD data, including penetration speed. The data saving interval can be adjusted to your needs; interval can be defined by distance (from every 0.05m up to 2.00m), or the system can also auto-detect rod changes, allowing the saving interval to match one rod length. Manage support for this feature is scheduled for the first half of 2026. The current solution saves the IREDES format MWD data locally to MCC. Also, you can now enrich as-built information by marking both the hole end and start points. Additionally, it is possible to deselect all project models with a single click. This speeds up the search for the right model in large projects where there may be dozens of data models. MWD data can be used, for example, to enrich sampling drilling data. Drill pattern functionality has been improved to speed up usage. A combined blast direction and inclination view is now available, and the extend line feature supports two-point lines. The maximum pattern size has been increased from 50 by 50 to 100 by 100 holes. Quick-access buttons make it easier to select drill holes. Visual improvements The user interface has now an option for a light theme, which is especially useful for high-visibility needs, such as remote control use. On top of this, the interface has been refreshed to reflect the new fresh Novatron brand. New interfaces for machine types In SB Tech, there is now an option to use the ultrasonic sensors for rail extension. There is new interface for StonePower / AMV drill rigs. Interface supports drilling depth, mast angles, and MWD. It has functionality for mast auto-alignment. For the Epiroc FlexiROC (T40R) MY2025, a hybrid sensor solution is available for Ethernet interface, including depth and boom swing. Learn more about the product Xsited to learn more? Contact your local dealer! Find your local dealer
Home 22.12.2025 – Pirkkala, FinlandFree for immediate release MOBA Mobile Automation AG has sold its stake in Finnish company Novatron Oy to investor Mandatum Asset Management. The transaction takes effect on December 23, 2025. With this step, Novatron returns to fully Nordic ownership and enforces its presence and position as a machine control manufacturer in the Nordic market. As part of the same transaction, MOBA AG’s Swedish subsidiary MOBA Sweden AB, focusing on the distribution and service of Xsite products, will also be transferred to Novatron. Novatron Oy is a Finnish technology company that develops and manufactures pioneering machine control systems, sensor technology, OEM components and software since 1991. The company’s team of over 140 professionals has more than 30 years of experience in infrastructure automation. Novatron’s headquarters and technology center are located in Pirkkala, Finland. The company also has offices in Oulu, Helsinki, Kuopio, and Vaasa in Finland. Abroad, Novatron operates through international reseller and partner networks. MOBA Mobile Automation AG, one of the main partners, has been involved with the company since 2011 and has primarily distributed the systems directly in its regional markets through MOBA subsidiaries. Mandatum is a major Nordic financial service provider combining expertise in asset and wealth management and life insurance. After the investment from Mandatum Asset Management’s Growth Equity II fund, Novatron Oy is fully owned by the founding Finnish Tervahauta family and Mandatum Asset Management (MAM). Tervahauta family, including founder Jukka Tervahauta and Chair of Board Teemu Tervahauta, owns the majority of the shares. Meeting and focusing on the high requirements of Nordic users Novatron offers solutions for digitalization, machine control and data management on construction sites. The products are designed and manufactured in Finland. The company’s machine control solutions, sensors, and software are tailored to the demanding terrain and extreme temperature fluctuations of the Nordic countries, where system usability and reliability are crucial. The customers include civil engineering contractors, infrastructure designers and machine manufacturers, both in Finland and abroad. “The clarified ownership structure strengthens Novatron’s ability to execute its long-term strategy. With strong Nordic ownership and a focused organization, we are well positioned to further develop our technology, deepen our presence in the Nordic markets and selectively expand internationally together with our partners,” says Petri Moisio, CEO of Novatron Oy. Xsite continues to be part of the MOBA offering Despite the change in the ownership structure, the MOBA Group will remain a partner of Novatron in the future. Xsite products will continue to be distributed and supported via the German sales company of MOBA AG and its international locations. The name change and rebranding of MOBA Sweden AB to Novatron Sweden AB will be implemented gradually, with a target of being fully completed during spring 2026. For the Swedish customers, the transition will be smooth and secure, with all agreements, contacts, and ongoing projects continuing exactly as before, including the same staff, support, and service level as before. “MOBA has been an important partner to Novatron for many years, and we value the cooperation we have built together. It is important for us that Xsite customers and partners experience continuity and reliability throughout this transition,” says Petri Moisio. About NovatronNovatron Oy is a Finnish technology company that develops and manufactures pioneering machine control systems, sensor technology, OEM components and software that enable efficient, safe and sustainable infra-structure construction. Novatron’s Xsite Machine Control systems and equipment are available globally via official channel partners. Learn more: novatron.com Mandatum in brief Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum’s success. The company has been listed on Nasdaq Helsinki since 2023. mandatum.fi/en/group/ Contact us Petri Moisio CEO +358 40 861 5027 petri.moisio@novatron.com
Home 10.12.2025 Press release Free for immediate release Novatron Oy acquires MOBA Sweden AB, which will become part of the Novatron Group under the name Novatron Sweden AB. The acquisition marks a strategically important investment in the Nordic market and opens new opportunities for development, innovation, and long-term stability for both customers and employees. Same team, same service – now with even stronger support from a leading Nordic playerFor MOBA Sweden AB’s customers, the transition will be smooth and secure, with all agreements, contacts, and ongoing projects continuing exactly as before. The Swedish organization remains unchanged – with the same staff, support, and service as today. “This gives us the strength to deliver the machine control solutions of the future”“For our customers, this means increased development and innovation capability, as well as improved conditions for delivering next-generation machine control solutions. Our local presence, our culture, and our customer promise remain firm, and our customers continue to be our highest priority. This is a very positive investment for customers in Sweden,” says Patrik Wallgren, CEO of MOBA Sweden AB. Customers in Sweden can expect: Enhanced development and innovation capability – faster technological progress and a clearer connection between customer needs and product development. Greater stability and long-term perspective – strong Nordic ownership that meets the industry’s rapid pace of change. Increased customer value – closer collaboration between the Swedish organization and international manufacturing and expertise. Unchanged agreements and contact channels – the same support number, technicians, and sales team as before. “MOBA Sweden is an important part of our Nordic growth strategy” ”MOBA Sweden AB has long been a significant provider of our Xsite machine control solutions in Sweden, so this is a logical step forward together. Their strong culture, customer focus, and high level of expertise will play an important role in Novatron’s continued growth journey,” says Petri Moisio, CEO of Novatron Oy. Novatron highlights the importance of the joint Nordic initiative: “Together, we strengthen our position in a rapidly evolving market where demands for safety, digital integration, and automation are increasing. By combining Novatron’s technological platform with MOBA Sweden’s expertise and local presence, we are creating solutions that lead the industry forward,” Mr. Moisio adds. “MOBA Sweden AB will change name and profil”The name change and rebranding will be implemented gradually, with a target of being fully completed during spring 2026. For more information, please contact: Patrik Wallgren CEO, MOBA Sweden ABPhone: +46 73-375 00 97Email: patrik.wallgren@mobasweden.com Petri MoisioCEO, Novatron OyPhone: +358 40 861 5027Email: petri.moisio@novatron.com Novatron Oy is a Finnish technology company that develops and manufactures pioneering machine control systems, sensor technology, OEM components and software that enable efficient, safe and sustainable infra-structure construction. Novatron’s Xsite Machine Control systems and equipment are available globally via official channel partners. Learn more: novatron.com
Home 9.12.2025 Press release The growth story of Finnish technology company Novatron is gaining new momentum with an investment from Mandatum Asset Management’s Growth Equity II fund. The investment supports the company’s international expansion and commercialization of innovations in infrastructure construction automation. The MAM Growth Equity II fund is investing €12 million in Novatron, a Finnish pioneer in infrastructure construction digitalization that develops machine control systems, sensor technology, OEM components, and software. Over the past 30 years, the company has grown into a leading player in Finland and the Nordic region. The investment will enable 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 cost-efficient. Machine control systems guide earthmoving machinery using GNSS and sensor technology, reducing manual work and improving accuracy: studies show that excavation work can be up to 27% faster¹ and productivity can increase by as much as 50%². 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 methods³. “Novatron is a pioneer in its field, and we are excited to join forces and support the company’s next growth phase. Accelerating international growth and developing and commercializing new business areas, such as software, are key objectives for us. We believe that together we can create significant value and strengthen the company’s market position,” says Rami Mondolin, Investment Manager at Mandatum. “In recent years, we have developed the next-generation Xsite® 3D machine control platform and new software products that take model-based construction to an entirely new level. Mandatum’s involvement strengthens our ability to commercialize these innovations internationally and expand our software business into new markets. We are pleased to partner with a respected growth investor whose expertise and networks support our ambitious goals of building an innovative and open infrastructure construction ecosystem,” says Petri Moisio, CEO of Novatron. Mandatum’s Growth Equity strategy invests in Finnish and Nordic growth companies that are in the scaling phase, have proven business models, and ambitious leadership. The strategy supports exceptional growth stories as an active owner by providing expertise, networks, and flexible growth capital. Collaboration with entrepreneurs, other owners, and management is the cornerstone of its operations. The MAM Growth Equity II fund is a growth equity fund focused on minority investments, and on actively developing its portfolio companies to enable their growth and international expansion. Mandatum’s Growth Equity team has contributed to the development of companies such as Cadmatic, Takomo, Integrata, and Oddlygood, with its most recent investment being in Finnish company Epical. Additional information: Mandatum Alexander Antas Head of Private Equity, Mandatum Asset Management Tel. +358 40 533 0986 alexander.antas[a]mandatumam.comNiina Riihelä SVP, Communications, brand and sustainability, Mandatum plc Tel. +358 40 728 1548 niina.riihela[a]mandatum.fi Novatron Petri MoisioCEOTel: +358 40 861 5027petri.moisio[a]novatron.com Mandatum in brief Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum’s success. The company has been listed on Nasdaq Helsinki since 2023. mandatum.fi/en/group/ Sources: Kim et al. 2025, Applied Sciences, MDPI FHWA AMG Executive Summary, Federal Highway Administration MDOT, Michigan This marketing communication is related to Mandatum Asset Management Ltd’s (“MAM”) MAM Growth Equity II Fund (the “Fund”). This document is prepared by MAM, portfolio manager of the Fund. The Fund is managed by Mandatum AM AIFM Ltd (Bulevardi 56, 00100 Helsinki, P.O Box 1221, 00120 Helsinki, Finland). The Fund is available only to professional clients. This marketing communication does not constitute investment advice. Please refer to official fund documents before making any final investment decision.
