Subgen AI has signed a LOI for a Reverse Take Over in Sweden
June 2025. Subgen AI Ltd, English company in which the Substrate AI group holds a stake, has signed an agreement of intent to enter the stock market through a Reverse Take Over (RTO) process with the Swedish company Magnasense AB, listed on Nasdaq First North in Sweden.
Full details of the transaction are available in the official announcement published by Magnasense on its regulated market, but in summary Subgen AI is valued at EUR 200 million, with existing Subgen AI shareholders receiving 98% of the share capital of the resulting entity. Magnasense shareholders will retain 2% of the capital stock of the new entity. The definitive agreement is expected to be signed around June 30, once the corresponding Due Diligence has been completed.
This operation is part of the group's Sovereign and Secure AI strategy.
Since the recent changes in the global geopolitical landscape, especially since the arrival of Donald Trump to the presidency, the European Union has become aware of the need to strengthen its strategic autonomy, not only in defense, but also in the technological field and, most notably, in artificial intelligence. Governments and companies understand that in order to scale AI solutions in their operations it is essential to ensure data control and compliance with European regulations, both in terms of AI and personal data protection, clinical data management, compliance, among others. Aspects that differ significantly between the US and Europe.
In this context, the Subgen AI / Substrate AI group is developing a comprehensive end-to-end proposition through Serenity Star, combining AI solutions with advanced computing capabilities and proprietary infrastructure (AI Factories), enabling European enterprises and governments to access proximity computing and maintain full control over their data. This offering is complemented by on-premise LLMs and off-cloud solutions, ensuring that organizations can digitally transform without compromising their technological sovereignty.
Substrate AI, listed on BME Growth since May 2022, operates as a holding company for companies that apply artificial intelligence to generate efficiencies and accelerate the transition to a more sustainable economy. It is currently developing a strategic plan that consists of listing its subsidiaries and initiating the development of its computing infrastructure, with its first AI factory in Talavera de la Reina, which it intends to build soon.
EN 
ES 
FR