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Finnish infrastructure provider accelerates international growth and investments as data center expansion and digitalization drive unprecedented demand for fibre networks.

Finnish network infrastructure specialist Nestor Cables Oy has secured €13 million in Term loans and receivable financing from Norion Bank. The funding supports the company’s growth, international expansion and new investments, strengthening its position as a provider of critical network infrastructure in Finland and internationally.

The financing provides Nestor Cables with increased flexibility to fund growth investments, strengthen working capital and enhance delivery capabilities at a time when global demand for fibre infrastructure is at an exceptionally high level. Rapid expansion of data centers, accelerating digitalization and the continuous need for faster and more reliable connectivity have created a market where high-quality fibre solutions are, in some areas, in short supply.

“Fibre is the most critical infrastructure of this decade. Demand is currently growing faster than supply, and we intend to be among the companies that can respond to this globally. This financing gives us the ability to move fast, invest in the right areas and take a significantly stronger role in the market. Our ambition is to be one of the leading players in this transformation,” says CEO Aleksanteri Pyrrö.

With the financing, Nestor Cables will further develop its production, delivery reliability and ability to serve demanding infrastructure projects where reliability and scalability are essential. The company is targeting growth particularly in international markets.

An important element of this growth journey is the support of a financing partner that understands the needs of fastgrowing, internationally oriented companies. Norion Bank brings a strong track record in supporting international growth, and the financing was led by KarlMikael (Miku) Holmbäck at Norion Bank.

GOS Group acted as financial advisor to Nestor Cables in the financing arrangement and assisted in the preparation and execution of the transaction

About Nestor Cables

Nestor Cables is a Finnish cable manufacturer and network infrastructure specialist whose solutions are used in critical networks across society. The company is known for its strong technical expertise, flexible operating model and ability to deliver demanding projects both domestically and internationally.

About Norion Bank Corporate business

Norion Bank is a Nordic financial institution providing financing solutions. Its financing solutions typically range from €3–30 million. The bank acts as a stable and trusted partner for clients looking to further develop their operations. Norion Bank offers its clients corporate and real estate loans as well as invoice financing. The company was founded in 1999 and has offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki. Norion Bank AB (publ) is listed on Nasdaq Stockholm.

Media Contact

Nestor Cables Oy
Aleksanteri Pyrrö
CEO
aleksanteri.pyrro@nestorcables.fi
+358 40 823 2478