ELOP recently raised NOK 100 million through a share issue. There was a high level of interest from investors, and the company reports that it could well have raised twice this amount.

With its origins in a research environment, ELOP was founded in Hamar in 2013. The idea was to use ultrasound to see inside various types of concrete structure. The company will now commercialise its technology.
“The funds we raised through the share issue will be used to strengthen the organisation and to set up our first production lines before launching towards the end of the year”, comments Øivind Horpestad, the Executive Chairman of ELOP.

ELOP is the sixth company to be admitted to listing or trading at Oslo Børs this month, which is more than ever before over the course of the month of July: Summer record in the primary market

Photo: Trygve Indrelid/NTB 

Om ELOP
ELOP AS is a Norwegian tech company established in 2013. ELOP has developed and patented an ultrasound technology for inspection and analysis of critical infrastructure. The company develops and commercialise tools and digital solutions to inspect, monitor and manage infrastructure worldwide. ELOP’s vision is to provide asset owners with smart solutions that improve safety, extend asset lifetime, minimise total lifecycle cost and environmental footprint. ELOP is headquartered in Hamar, Norway. elop.no