
Hellblad Invest has decided to fully focus its investment activities toward companies where the long-term vision is shared between the parties. The motive behind this strategic decision follows a careful and thorough review of Hellblad’s portfolio and its alignment with the core values that define Hellblad Invest AB. The consequence of the decided direction is that Hellblad intends to fully divest its entire equity stake in MilDef , effective immediately.

Hellblad Invest today announces that it has subscribed for shares in the ongoing rights issue in Seven District AB, a Swedish investment company based in Borås. The investment in Seven District is the first investment in an unlisted company made by Hellblad Invest and is the start of a new segment of holdings in the investment portfolio.

Hellblad Invest AB (formerly Handheld Holding AB) today announces that it has divested its entire holding in Handheld Group AB, a leading manufacturer of rugged mobile computers, to MilDef AB, a Swedish-based international provider of tactical IT listed on Nasdaq Stockholm. Through the transaction, MilDef has acquired 100% of the outstanding shares in Handheld Group AB.