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Finnish C-UAS company goes public valued at EUR 1.3 billion

Chairman is expecting a fivefold increase in the market
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Finnish C-UAS company Sensofusion is going public on Nasdaq Helsinki, with trading expected to begin on October 9. 

The company is looking to raise EUR 300 million, giving it a pre-money valuation of EUR 1.3 billion.

Sensofusion produces counter-drone technology that detects, jams and destroys drones. 

According to Hufvudstadsbladet, Sensofusion does not disclose the identities of its customers, saying only that it defines them as “friendly” states — namely NATO and Western countries.

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