May 2026
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Largest ClimateTech Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Volvo Cars, Munters Group, Polestar, Plejd and NYAB.
 | Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it has a presence in China, the USA; Sweden; Germany; the United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars. | $2 | +27% | $7B | $6B | 0.1x | 1.8x | ||
| Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, and other markets. | $21 | +54% | $4B | $5B | 2.7x | 18.2x | ||
| Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars, namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from the United Kingdom. | $22 | -34% | $2B | $7B | 2.4x | (8.2x) | ||
| Plejd AB develops products and services for smart lighting and home automation. | IoT+3 | $111 | +61% | $1B | $1B | 12.0x | 35.5x | |
| NYAB AB is a construction services provider. It is engaged in green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients related to renewable energy and sustainable infrastructure. In addition to the special construction, its business focuses on carbon-neutral industrial and other industries' wind power projects. Geographically, it generates maximum revenue from Sweden and the rest from Finland. | $1 | +1% | $447M | $422M | 0.6x | 9.6x | ||
| Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars. | $4 | +121% | $383M | $336M | 2.0x | 26.4x | ||
| Orron Energy AB is an independent renewable energy company with high-quality and low-cost wind and hydro assets in the Nordics. The Company operates across the entire renewable energy lifecycle, including project initiation, development, operations, maintenance, and repowering. | $1 | +110% | $288M | $386M | 9.9x | (49.4x) | ||
| Absolent Air Care Group AB manufactures and sells filtration technology for industrial process air. Its products are used in CNC operations, quenching, die casting, and related applications. The company has two segments: Industrial and Commercial Kitchen. | $21 | -7% | $241M | $257M | 1.8x | 11.1x | ||
| Studsvik AB provides engineering and consultancy services to the international nuclear power industry. The company offers fuel and materials testing, fuel and reactor management software as well as lifecycle management of nuclear and radioactive hazards, decommissioning of nuclear facilities, and designing radioactive waste management processes. Its segments are Fuel and Materials Technology, Waste Management Technology, Scandpower, Decommissioning and Radiation Protection Services and Other. | Nuclear+2 | $28 | +110% | $228M | $236M | 2.4x | 20.5x | |
| Scandinavian Enviro Systems AB functions as a recycling company in Sweden. Its technology enables changing the chemical composition and the physical phase of the tire material during the process. The company operates recycling facilities for recovering carbon black, oil, steel, and gas from waste tires. | $0 | -77% | $22M | $14M | 4.2x | (0.6x) | ||
| Median | $13 | +41% | $415M | $404M | 2.4x | 10.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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