May 2026
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Largest Diversified Industrials Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Atlas Copco, Sandvik, Alfa Laval, Lifco and Volati.
 | Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance. | $18 | +13% | $88B | $90B | 4.7x | 18.3x | ||
| Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901. | $39 | +72% | $49B | $52B | 3.8x | 16.1x | ||
| Alfa Laval is a leading manufacturer of highly engineered equipment, primarily in the areas of separation, heat transfer, and fluid handling used by a diverse range of customers spanning the food, water, energy, and marine industries. These products play a key role in a number of industrial processes, and Alfa Laval enjoys a leading position in all three areas. Alfa Laval’s history stretches back 140 years to when its first separator was developed. The company is listed on the Stockholm stock exchange. | $58 | +32% | $24B | $26B | 3.3x | 16.0x | ||
| Lifco AB owns niche subsidiaries in a variety of industries, with a focus on three business areas: dental, demolition and tools, and systems solutions. The dental business supplies consumables, equipment, and technical service to dentists. The demolition and tools business manufactures and sells equipment for the construction and demolition industry, including demolition robots and crane attachments. The systems solutions business provides interiors for service vehicles, contract manufacturing, environmental technology, sawmill equipment and construction materials. The Group’s material revenue streams arising from the sale of goods comprise sales of dental products, tools and machinery, infrastructure products, environmental technology, special products and transportation products. | $30 | -29% | $14B | $15B | 4.6x | 18.4x | ||
| Volati AB is a Swedish industrial company acquiring companies at reasonable valuations and developing those with a focus on long-term value creation. Its business model is based on reinvesting the cash flow generated in the Group's companies in new acquisitions and developing its existing operations. The company is an industrial group comprising ten business units, organized in the three business areas: Salix Group, Ettiketto Group and Industry. | $10 | -29% | $818M | $1B | 1.3x | 11.1x | ||
| Bergman & Beving AB is an investment holding company. The company's operating segment includes core Solutions, Safety Technology, and Industrial Equipment. It generates maximum revenue from the Industrial Equipment segment. Geographically, it derives a majority of revenue from Sweden. | $31 | -9% | $813M | $1B | 1.9x | 12.5x | ||
| Median | $30 | +2% | $19B | $20B | 3.5x | 16.0x |
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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