TECO 2030 Starts Trading at Oslo Børs Merkur Market & Announces New CEO

By October 12, 2020 2   min read  (242 words)

October 12, 2020 |

TECO 2030 Starts Trading

The hydrogen company TECO 2030 was today admitted to trading on Merkur Market.

TECO 2030 ASA is an engineering and equipment supplier company with a focus on greener and cleaner shipping. The company recently raised NOK 80 million in a share issue.

“Investors now see the great value potential in cleantech, and I am very pleased with the interest from quality investors,” says Tore Enger, CEO of Teco 2030

“The listing gives us a platform that we can use to work even more efficiently to tackle one of the biggest environmental challenges of our time: How to reduce maritime emissions despite increasing freight volumes”, Enger continues.

The issue price was NOK 40, which gives the company a market value of NOK 480 million prior to the listing.

The company also said Stian Aakre will join as chief executive of main operating company Teco 2030 AS.

Aakre was previously general manager of business development at the Finnish marine services group’s Marine Solutions division.

Tore Enger, CEO of parent Teco 2030 ASA, said: “I am extremely pleased that Stian Aakre will join the Teco 2030 team.

About TECO 2030 TECO 2030 is an innovative development company that aims to significantly increase the use of renewable energy, especially in the form of hydrogen fuel cells, and reduce the environmental footprint of shipping. TECO 2030 – we drive the maritime industry’s transition to renewable energy. 

Source: Oslo Børs/Teco

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