A record year for Northcom

Increased demand for mission-critical communications helped Northcom achieve record results in 2025. The company is now positioning itself as the leading Nordic provider of next-generation communications solutions for emergency services, the military, and other critical societal functions. 

In 2025, Northcom’s revenue increased by 9 percent to NOK 833 million. Operating profit before depreciation and amortization (adjusted EBITDA) rose by 32 percent to NOK 120 million. Since 2022, the company’s revenue has grown by nearly 50 percent. 

“It’s gratifying to see such solid results, just one year after Aars acquired 70 percent of Northcom. I’m truly impressed by the efforts of employees across the group. At the same time, we see significant growth potential in the years ahead, as the Nordic countries are set to renew their infrastructure for mission-critical communications,” says Øyvind Schage Førde, Chairman of the Board at Aars, which is the largest shareholder in Northcom. 

Strong Nordic position 

Sweden is Northcom’s largest market and accounts for around 64 percent of revenue, followed by Norway, Denmark, and Finland. In Norway, deliveries to the defense sector are growing. In March, Northcom entered into a comprehensive framework agreement with the Norwegian Defense Materiel Agency for the delivery of commercial radio and 5G systems to the Norwegian Armed Forces. 

Over time, the Nordic countries will replace their current voice-based emergency networks with new infrastructure based on 5G. This will provide emergency services such as police, healthcare, and fire departments with entirely new capabilities for situational awareness, including through video, sensor technology, and artificial intelligence. 

“The new emergency network will provide emergency services with far better tools for saving lives. The need for secure, robust, and accessible communication is growing rapidly, and Northcom’s solutions are designed precisely for situations where society is under pressure,” says Gyrid Skalleberg Ingerø, Chair of the Board at Northcom.  

She also points out that increased defense investments and closer Nordic cooperation are creating a market with significant long-term potential. 

The need for secure, robust and accessible communication is increasing rapidly, confirms Gyrid Skalleberg Ingerø, Chairman of the Board of Northcom. Photo: CF. Wesenberg.

Solutions that save lives 

Northcom’s executive management also highlights the combination of technological development, Nordic cooperation, and a clear social mission. 

“We are seeing growing demand from customers who depend on stable and secure communication, whether they are emergency services, the military, or other critical operators. Our most important job is to deliver solutions that work when it really matters,” says Morten Stomperud, CEO of Northcom. 

– At the same time, we are making targeted investments in 5G-based solutions and new technology to ensure that Northcom is fully prepared for the transition to the future emergency network across the Nordic region. 

A leader in critical communications 

Northcom was established in 1982 and operates in all the Nordic countries. In the spring of 2025, the investment firm Aars acquired 70 percent of the company. Aars is a Norwegian, family-owned investment firm with a long industrial history and significant ownership stakes in several Nordic companies. 

“Northcom combines strong technological expertise with a clear social mission to deliver critical communication solutions. We will further develop this position as an active owner and help build the future-oriented infrastructure that society depends on,” says Schage Førde.

Read more about Northcom here