The fiber optic cable manufacturing industry in the Nordics is pivotal for enhancing global connectivity. This sector produces high-performance cabling systems for telecommunications, internet, and data transfer applications. Companies in this space offer a range of products, including cables, connectors, and installation services. Notably, the industry's growth is driven by advances in digitalization and increasing demand for high-speed internet. Innovations in fiber optic technologies are expected to fuel future projects, enhancing capabilities and addressing modern connectivity challenges. The industry continues to adapt to evolving market needs, highlighting Nordic companies' commitment to leading in quality and performance.

In the Nordic region, fiber optic cable manufacturing investors represent a mix of corporate entities and venture capital firms. Predominantly based in major cities like Stockholm and Helsinki, many investors have substantial employee counts, with several companies founded over a century ago. In 2024, these investors engaged in diverse deal activities, reflecting an actively evolving marketplace. Corporate investors such as Addtech AB and Ericsson stand alongside emerging ventures like Voima Ventures, highlighting a blend of financial power and innovative spirit in the fiber optic landscape.

Top 12 Fiber Optic Cable Manufacturing Investors in the Nordics

1. EQT Group

• Website: eqtgroup.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• Number of deals in 2024: 30
• LinkedIn: eqt-partners

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing varied investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the fiber optic cable sector, including the acquisition of Deutsche Glasfaser for approximately $2.73 billion, which focuses on fiber optic broadband services. They also acquired IslaLink, an operator of submarine fiber-optic cables in Spain, and a majority stake in inexio, a German fiber network company, for around €1 billion. These transactions highlight EQT's commitment to investing in the fiber optic infrastructure, making them a key player in this industry.

2. Addtech AB

• Website: addtech.se
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1906
• Headcount: 1001-5000
• Number of deals in 2024: 9
• LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, founded in 1906. The company specializes in providing technology solutions across various sectors, including automation, electrification, energy, industrial solutions, and process technology. With a workforce of 1001-5000 employees, Addtech serves OEM manufacturers and end-users, enhancing operational efficiency and sustainability through innovative solutions. Notably, Addtech has been active in the acquisition space, including the acquisition of Fibersystem AB in 2018, which, while primarily focused on cyber security, indicates Addtech's interest in high-tech innovations that could intersect with fiber optic technologies. Other acquisitions, such as those of Allied Insulators and Arruti Group, further demonstrate Addtech's strategy to expand its portfolio in sectors that may have relevance to fiber optic applications, particularly in electrical transmission and distribution.

3. Lagercrantz Group AB

• Website: lagercrantz.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2001
• Headcount: 1001-5000
• Number of deals in 2024: 6
• LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various sectors, focusing on niche markets. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. Notably, Lagercrantz has made strategic acquisitions that enhance their capabilities in the fiber optic cable manufacturing context, such as the acquisition of Tykoflex AB, a manufacturer of enclosures for fiber cables, which is expected to positively impact their earnings. Additionally, their acquisition of E-Tech Components (UK) Ltd, a distributor of cable accessories, further strengthens their position in the cable market. These transactions highlight Lagercrantz's commitment to expanding its presence in the fiber optic industry and related sectors.

4. Seb

• Website: sebgroup.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1856
• Headcount: 10001+
• Number of deals in 2024: 13
• LinkedIn: seb

Skandinaviska Enskilda Banken AB (SEB) is a leading banking group in Northern Europe, providing a wide range of financial services including corporate and investment banking, asset management, and private wealth management. Founded in 1856, SEB serves large corporations, institutional clients, and private individuals, helping them manage their financial assets and navigate investment opportunities. In recent transactions, SEB has been actively involved in the fiber optic sector, providing significant debt financing to companies such as metrofibre, which is focused on developing fiber networks in Germany, and CityFibre, a UK-based network operator aiming to expand fiber access to millions of homes. These investments highlight SEB's role in enhancing telecommunication infrastructure and supporting the fiber optic cable manufacturing industry.

5. Hexatronic Group

• Website: hexatronicgroup.com
• Type: Corporate
• Headquarters: Gothenburg, Västra Götaland, Sweden
• Founded year: 1993
• Headcount: 501-1000
• LinkedIn: hexatronic

Hexatronic Group, founded in 1993 and based in Gothenburg, Sweden, is a corporate investor specializing in telecommunications and technology solutions, particularly in fiber optic and wireless infrastructure. The company offers a comprehensive range of products and services aimed at enhancing connectivity for businesses and organizations in the telecommunications sector. In recent years, Hexatronic has made several strategic acquisitions to bolster its presence in the fiber optic market. Notably, in September 2023, they acquired ATG Technology Group, a player in the New Zealand fiber industry, to strengthen their regional footprint. In November 2022, they acquired KNET, a South Korean company specializing in microduct solutions, and Rochester Cable, a U.S. company focused on electro-optical cables. Additionally, their acquisition of The Light Brigade in 2020, a fiber-optic training provider, and homeway GmbH in 2022, which enhances their offerings in the FTTH market, further illustrates their commitment to expanding their capabilities in fiber optics. These transactions highlight Hexatronic's active role in the fiber optic cable manufacturing industry.

6. Ericsson

• Website: ericsson.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1876
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn: ericsson

Ericsson, founded in 1876 and based in Stockholm, Sweden, is a leading telecommunications company that provides advanced connectivity solutions, including 5G networks and IoT platforms. With over 10,000 employees, Ericsson is committed to enhancing operational efficiency and user experiences through reliable and high-speed connectivity. In the context of fiber optics, Ericsson has made significant investments, including the acquisition of a US fiber technology firm in 2007, which underscores their commitment to expanding their fiber optic capabilities. More recently, in November 2023, Ericsson Ventures participated in funding Nubis Communications, a company specializing in optical engine technologies, contributing to a total investment exceeding $50 million. These transactions highlight Ericsson's strategic focus on integrating fiber optic technologies into their broader telecommunications offerings.

7. Nokia

• Website: nokia.com
• Type: Corporate
• Headquarters: Espoo, Uusimaa, Finland
• Founded year: 1865
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn: nokia

Nokia Corporation, founded in 1865 and based in Espoo, Uusimaa, Finland, is a leading telecommunications and technology solutions provider. The company specializes in networking technology and digital transformation, offering a diverse range of products and services, including cloud infrastructure, mobile networks, and security solutions. Nokia has been actively involved in enhancing its capabilities in the fiber optic domain through strategic acquisitions. Notably, in February 2020, Nokia announced plans to acquire Elenion Technologies, a U.S.-based silicon photonics startup, to bolster its optical connectivity capabilities for 5G, cloud, and enterprise networking. This acquisition reflects Nokia's commitment to advancing fiber optic technologies. Additionally, Nokia's acquisition of Gainspeed in 2016, a cable technology specialist, further demonstrates its focus on enhancing cable and networking capabilities, which are essential in the fiber optic cable manufacturing sector.

8. SEK Svensk Exportkredit

• Website: sek.se
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1962
• Headcount: 201-500
• Number of deals in 2024: 4
• LinkedIn: sek-svensk-exportkredit

SEK Svensk Exportkredit, founded in 1962 and based in Stockholm, Sweden, is a public entity that provides financial services aimed at supporting Swedish export companies and their suppliers. The organization offers a variety of financing solutions, including sustainability-linked loans and export credits, to enhance the competitiveness of its customers in global markets. In recent transactions, SEK has been involved in financing Hexatronic Group, which raised approximately $46 million in post-IPO debt in November 2023, directly linking SEK to the fiber optic cable manufacturing industry. Additionally, SEK has participated in other debt financing transactions for companies like Rottneros and Ependion, showcasing its active role in providing financial support to various sectors, including those relevant to manufacturing.

9. Finnfund

• Website: finnfund.fi
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 1980
• Headcount: 51-200
• Number of deals in 2024: 7
• LinkedIn: finnfund

Finnfund is a not-for-profit development financier and impact investor based in Helsinki, Finland, founded in 1980. The organization aims to create sustainable futures by investing in companies that address global development challenges, primarily in developing countries. Finnfund provides investment and advisory services to promote economic growth and sustainability across various sectors. Notably, in 2025, Finnfund invested in Fibertime Group, which raised $2,097,111 in a venture round, directly linking them to the fiber optic cable manufacturing industry. This investment aligns with their mission to support sustainable projects and economic development, showcasing their commitment to sectors that can drive technological advancement and connectivity.

10. Telenor

• Website: telenor.com
• Type: Corporate
• Headquarters: Fornebu, Akershus, Norway
• Founded year: 1855
• Headcount: 10001+
• Number of deals in 2024: 2
• LinkedIn: telenor-group

Telenor ASA is a telecommunications company based in Fornebu, Akershus, Norway, founded in 1855. With a workforce of over 10,000 employees and a customer base of 209 million subscribers, Telenor provides mobile telecommunications, broadband, and TV distribution services, primarily in Scandinavia and Asia. The company is dedicated to responsible business practices and innovation in telecommunications. Notably, Telenor has made significant acquisitions that enhance its capabilities in the fiber optic sector, including the acquisition of Tele2 Sweden's fiber and cable firm in 2013, which included a portfolio serving 370,000 households. This strategic move aims to strengthen Telenor's position in the fixed broadband and television services market. Additionally, Telenor has acquired other companies such as DNA Oyj and KNL Networks, further diversifying its portfolio and reinforcing its commitment to connectivity and technological advancement.

11. HEXPOL Compounding

• Website: hexpol.com
• Type: Corporate
• Headquarters: Rekekroken, Skåne, Sweden
• Founded year: 1893
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: hexpol-compounding

HEXPOL Compounding is a corporate investor based in Rekekroken, Skåne, Sweden, specializing in polymer manufacturing with a focus on advanced polymer compounding and engineered products. Founded in 1893, HEXPOL serves a diverse range of industries, including automotive, healthcare, and construction, providing high-quality materials such as rubber and thermoplastic compounds. In 2025, HEXPOL acquired 80 percent of Kabkom Kimya Sanayi ve Ticaret Anonim Şirketi for 54 million EUR, which is aimed at expanding their footprint in the cable market, leveraging Kabkom's strong presence and portfolio in cable compounds. This acquisition highlights HEXPOL's strategic interest in the cable sector, including fiber optic applications. Additionally, HEXPOL has made other acquisitions, such as almaak international and Star Thermoplastic Alloys & Rubbers, which further strengthen their position in the polymer compounding market, although these are not directly related to fiber optics. Overall, HEXPOL's recent activities indicate a commitment to expanding into the cable manufacturing space, making them a noteworthy investor in this industry.

12. Voima Ventures

• Website: voimaventures.com
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 11
• LinkedIn: voima-ventures

Voima Ventures is a venture capital firm based in Helsinki, Finland, founded in 2019. The firm specializes in funding early-stage science-based innovations and deep tech ventures, providing capital and expertise to help startups scale their solutions for global challenges. Voima Ventures operates primarily in the Nordic and Baltic regions and has been involved in several notable transactions. Among these, their investment in ElFys, which raised €3M to ramp up production of photodetectors for wearable devices, highlights their engagement in the optical technology space. This investment, along with earlier funding rounds for ElFys, demonstrates Voima Ventures' interest in companies that may have applications in fiber optic technology, although their portfolio spans various sectors including life sciences and advanced manufacturing.

Fiber Optic Cable Manufacturing Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Addtech AB	Stockholm, Stockholm, Sweden	1001-5000	1906	9
Lagercrantz Group AB	Stockholm, Stockholm, Sweden	1001-5000	2001	6
Seb	Stockholm, Stockholm, Sweden	10001+	1856	13
Hexatronic Group	Gothenburg, Västra Götaland, Sweden	501-1000	1993	0
Ericsson	Stockholm, Stockholm, Sweden	10001+	1876	3
Nokia	Espoo, Uusimaa, Finland	10001+	1865	3
SEK Svensk Exportkredit	Stockholm, Stockholm, Sweden	201-500	1962	4
Finnfund	Helsinki, Uusimaa, Finland	51-200	1980	7
Telenor	Fornebu, Akershus, Norway	10001+	1855	2
HEXPOL Compounding	Rekekroken, Skåne, Sweden	1001-5000	1893	1
Voima Ventures	Helsinki, Uusimaa, Finland	11-50	2019	11

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