🇫🇮 Mandatum Asset Management to support Novatron’s growth and international expansion

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Press release, 9 December 2025 at 9:00 a.m. EET

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 — +358 40 533 0986 — [email protected]
    Niina Riihelä, SVP Communications — +358 40 728 1548 — [email protected]

    Novatron
    Petri Moisio, CEO — +358 40 861 5027 — [email protected]

    Originally published on 9 December 2025 by Mandatum Asset Management / Novatron via Cision.

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