Kalpataru Power Transmission Sweden AB Board Approves Share Offering in LMG's Nasdaq Stockholm IPO

Kalpataru Subsidiary Advances Linjemontage IPO on Nasdaq Stockholm

On 9 September 2026, the board of Kalpataru Power Transmission Sweden AB, a wholly owned subsidiary of Kalpataru Projects International, approved the offering of equity shares in Linjemontage i Grastorp AB (LMG) as part of LMG's initial public offering and listing on Nasdaq Stockholm.

Strategic Milestone for Nordic Power Infrastructure

Depending on market conditions, the listing on Nasdaq Stockholm is expected to be completed by the end of September 2026. The offering consists of existing shares offered by Kalpataru Power Transmission Sweden AB and certain other selling shareholders.

Linjemontage's Board of Directors and its majority shareholder, Kalpataru Sweden, consider the listing to be a strategic next step in Linjemontage's development. Linjemontage is a key enabler in the modernisation and expansion of the electricity grid in Sweden and Norway.

Long-Term Commitment

Following completion of the offering, Kalpataru Sweden has indicated an intention to remain a long-term major shareholder and to continue supporting the Company's strategic development. Upon completion of the proposed offering and listing, LMG is expected to continue to remain a step-down subsidiary of the Company.

Recent Project Wins

In 2024, Linjemontage won its largest project to date, a transmission project for Svenska kraftnät valued at approximately SEK 1 billion, followed in 2026 by a 400 kV substation project for Svenska kraftnät valued at approximately SEK 779 million.

About the Companies

Linjemontage, founded on March 22, 1993, is involved in three major business areas: EPC of Substations, Transmission & Distribution Networks, and O&M of Electricity Network Services in the voltage range of 0.4 – 400kV. LMG has a presence in Sweden and Norway.

Kalpataru Projects International, since its inception in 1981, has established itself as one of the largest global players with a presence in over 75+ countries. KPIL is one of India's largest listed, diversified engineering and construction companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility, Highways and Airports.