Contract negotiations between Summa Defence and Brødrene Aa Eiendom AS have concluded
Summa Defence Plc
Press release 17.10.2025 at 15.30 EEST
The letter of intent between Summa Defence Plc and Brødrene Aa Eiendom AS (press release 26.8.2025) regarding the restart of operations at the Brødrene Aa shipyard in Hyen, Norway, will not lead for the continuation of cooperation.
The contract negotiations have ended because the commercial conditions defined by the Board of Directors of Summa Defence Plc for acquiring a majority stake and establishing a new company have not been met.
SUMMA DEFENCE PLC
More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: [email protected]
Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: [email protected]
Summa Defence in brief
Summa Defence Plc is a Finnish defense and security technology group whose mission is to create a strong industrial foundation of innovative defence and dual use SMEs for strengthening the comprehensive security of society.
Summa Defence aims for both M&A-driven and organic growth across three focus areas: maritime technologies, land technologies and new technologies. The company’s vision is to be a forerunner in comprehensive security industry.
The shares of Summa Defence Plc are listed on the Nasdaq First North Growth Market in Sweden (SUMMAS) and Finland (SUMMA).
The company’s Certified Adviser is Augment Partners AB, [email protected], tel. +46 8-604 22 55.