Nordic Unmanned will grow to be the primary publicly listed drone operator in Europe – Drones Information


Sandnes, Norway – Nordic Unmanned AS, a leading European provider of
Drone systems and services are considering a private placement and listing on Euronext Growth Oslo (currently Merkur market) to fund anticipated strong growth and international expansion.

“While the largest market for high-end drones was previously used for defense purposes, other customers in the private and public sectors are now seeing the main advantages of unmanned technology: higher security and data value with lower costs and lower CO2 emissions. We are perfectly positioned to benefit from this growing market and the proposed placement and listing will enable us to fully exploit this potential, ”said Knut Roar Wiig, CEO of Nordic Unmanned.

Considered private placement

Nordic Unmanned has commissioned SpareBank 1 Markets and SpareBank 1 SR-Bank Markets to advise on the planned private placement.

The company intends to generate total revenues of NOK 50 to 100 million. The aim is to acquire more high-end drone systems and to further develop our own product portfolio and general corporate purposes.

The company intends to apply for a listing of its shares on Euronext Growth Oslo. The first trading day is expected to be on or around December 15, 2020.

Positioned for strong growth

Nordic Unmanned was founded in 2014 and serves a number of large customers in Europe in areas such as environmental monitoring, fisheries control, security, logistics, and surveying and mapping. The entire drone market in Europe is expected to grow by around 14 percent annually to around USD 10 billion in the period from 2020 to 2025. North America and Asia show similar growth rates.

Examples of unmanned Nordic customers:
• European Maritime Safety Agency: environmental monitoring and rapid response to prevention
Pollution incidents and optimize response times
• Equinor: Feasibility study and test flights with drones for the delivery of parts to offshore facilities
• Bane NOR: Emergency preparedness and development of rail drones for the Norwegian railways
• Norwegian Armed Forces: Systems integrator, including training and life cycle support
• UK Department of Defense: Innovation contract to demonstrate sensors for flight systems, data processing and semi-autonomous capabilities

Nordic Unmanned is a systems integrator that offers customers a complete combination of hardware, software and services, usually under long-term contracts. The company supplies and operates its own Staaker drones and high-end drones from Lockheed Martin and Schiebel

The company had sales of NOK 32 million in 2019. In the first three quarters of 2020, sales rose to NOK 41 million. Due to the currently strong order backlog and the clearly recognizable market prospects, the company expects significant growth in the coming years.


• Commercial megatrend for drones is replacing older solutions
• Perfectly positioned to target high quality segments
• Long-term framework agreements result in recurring income with low risk
• Large backlog and strong discernible potential in the pipeline
• Competent management, board and organization


SpareBank 1 Markets and SpareBank 1 SR-Bank Markets (the “Managers”) are hired by Nordic Unmanned (the “Company”) as financial advisors in connection with the proposed private placement and SpareBank 1 Markets has been hired as Euronext Growth Advisor in connection with the planned listing. Schjødt AS is acting as legal advisor. Corporate Communications AS advises in the areas of communication and investor relations.

For further information please contact:
Knut Roar Wiig, CEO, +47 92 66 66 59

About Nordic Unmanned

Nordic Unmanned provides comprehensive data solutions through industry-leading expertise to help both public and private customers transition to unmanned technology. The focus is on supporting demanding customers by capturing time-sensitive data using unmanned technology. The company, founded in 2014, has offices in Stavanger, Oslo and Frankfurt and has quickly developed into one of the leading European providers of unmanned systems and services with offices across the continent.

The company is certified according to ISO 9001-2015 by DNV-GL as a UAV and sensor operator. Further information is available at

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