Defensor Group becomes majority owner of Crepitans AB

May 22, 2026

Defensor Group AB, a portfolio company of Flat Capital, has invested in Crepitans AB through a directed new share issue and become the company's majority owner. As part of the transaction, Defensor also received an option to further increase its ownership, and Crepitans' founding team will become minority shareholders in Defensor.

Crepitans was founded by a research team with a background from FOI and develops technologies in energetic materials, flow chemistry, and battery systems for defence applications, alongside systems for clearing mines and unexploded ordnance and mobile factories for explosives production.

Defensor's CEO Niclas Colliander commented: "Crepitans has expertise that takes decades to build and is critical to Swedish and European defence capability. Our task is to provide the team with the long-term conditions needed for their technology to be developed, scaled and made available to the Swedish Armed Forces and our allies."

Crepitans' CEO Patrik Krumlinde added: "With Defensor we get an owner who combines entrepreneurial drive with industrial long-term thinking and a clear understanding of the defence sector's requirements."

The investment is intended to give Crepitans the opportunity to scale up its operations and build industrial capacity.