March 16, 2015 - Nasdaq (Nasdaq: NDAQ) announced that trading in Detection Technology Oyj shares (short name: DETEC) commenced today on Nasdaq First North in Helsinki. The company belongs to the Industrials sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges.
Detection Technology develops, produces markets and sells components and systems for X-ray imaging solutions for medical, security and industrial needs. The Company operates from Espoo, Oulu, Beijing, Hong Kong and Boston. In 2014, Detection Technology’s net sales totalled EUR 33 million and the comparable operating profit margin was 12% (the reported operating profit margin being 9%). For more information please visit www.deetee.com
"We are pleased and proud of the strong interest investors have shown towards Detection Technology, and we want to thank everyone who participated in our IPO. Our new shareholders will enable an even faster implementation of our growth strategy. We will strengthen the technology base, invest in production capacity, and continue to pursue our international expansion. We at DT look forward to developing Detection Technology as a listed company together with our existing and new shareholders," says Hannu Martola, President and CEO of Detection Technology.
“We are excited to welcome Detection Technology to Nasdaq First North where it will already be the 12th company in Finland,” said Lauri Rosendahl, President of Nasdaq Helsinki. “An innovative growth company as Detection Technology will make a great addition to our Industrials sector, and we look forward to a long-standing partnership with the company and its shareholders.”
Adam Kostyál, Senior Vice President and Head of listings at Nasdaq Nordic said: “We are pleased to see continued strong progress of First North across our Nordic markets. The listing of Detection Technology Oyj is already the fourteenth company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Detection Technology Oyj has appointed Nordea Bank Finland Plc as its Certified Adviser.
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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