SmartCraft ASA’s Strategic Relisting to Nasdaq Stockholm
SmartCraft ASA, the Norwegian specialist in autonomous vessel technology, is poised to transition its listing from Euronext Oslo Børs to Nasdaq Stockholm through a cross‑border merger with its wholly‑owned Swedish subsidiary, SmartCraft Group AB (publ). The company’s board confirmed the plan on 1 December 2025, and an extraordinary general meeting (EGM) has been scheduled for 12 January 2026 to ratify the merger.
Relisting Mechanics
Under the proposed merger, SmartCraft Group AB will acquire the shares of the Norwegian parent, resulting in a legal consolidation that will automatically place the company on the Nasdaq Stockholm exchange. The transaction is designed to provide the firm with a larger capital base, greater liquidity, and enhanced visibility among European investors focused on maritime digitalisation and sustainability.
- Legal Vehicle – SmartCraft Group AB (publ) will serve as the surviving entity, absorbing the Norwegian parent’s equity structure.
- Timing – The EGM, to be held digitally at 10:00 CET, will decide on the merger and consequently trigger the relisting at the close of trading on 12 January 2026.
Shareholder Support
The board’s proposal has already secured robust backing:
| Shareholder Group | Vote Share | Remarks |
|---|---|---|
| Valedo Partners, B. Ulstein AS, Langdon Equity Partners | 50.8 % | Voting undertakings submitted |
| Anabranch Capital Management, LP | 5.1 % | Publicly declared support via press release |
| Other shareholders | 4.9 % | Expressed support in written form |
Together, these holders represent 55.8 % of the votes, comfortably surpassing the 50 % threshold required for approval. Anabranch, which currently owns approximately 15.9 million SmartCraft shares, plans to vote in favour of the merger at the EGM, underscoring confidence in the strategic rationale.
Financial Snapshot
| Metric | Value |
|---|---|
| Market Cap | 4 180 000 000 NOK |
| Close Price (10 Dec 2025) | 25.1 NOK |
| 52‑Week High | 31 NOK |
| 52‑Week Low | 20.1 NOK |
| P/E Ratio | 40.26 |
The high price‑earnings multiple reflects the market’s optimism about SmartCraft’s growth trajectory in the autonomous vessel sector. The relisting to Nasdaq Stockholm is expected to broaden the investor base and potentially lift the share price by enhancing liquidity and investor confidence.
Forward‑Looking Perspective
The strategic move aligns with SmartCraft’s ambition to scale its autonomous shipping solutions across Europe. Nasdaq Stockholm’s robust capital market and focus on technology companies present an ideal platform for future fundraising, strategic partnerships, and potential acquisition activity. A successful merger will also streamline operations and reduce regulatory fragmentation between Norway and Sweden, creating a more efficient corporate structure.
In summary, SmartCraft ASA is on the cusp of a pivotal transformation that will reposition it on a more dynamic European exchange, strengthen its governance framework, and unlock value for shareholders who have already expressed substantial support for this initiative.
