April 2026
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Largest Industrial Parts Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Atlas Copco, Sandvik, Alfa Laval, SKF and Trelleborg.
 | 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 | +14% | $89B | $91B | 4.8x | 18.4x | ||
| 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. | $42 | +84% | $52B | $56B | 4.1x | 17.2x | ||
| 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. | $60 | +35% | $25B | $26B | 3.3x | 16.3x | ||
| SKF’s history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers, followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world’s ball bearings. However, most of them have sector niches, as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, with a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla. | $25 | +10% | $11B | $12B | 1.2x | 8.2x | ||
| Trelleborg AB manufactures products to seal, damp, and protect critical applications for a multitude of industries. It focuses on improving functionality, productivity, and minimizing energy waste for customers in transportation equipment, aerospace, and other industrial markets. The company has several different business areas: coated systems, industrial solutions, offshore and construction, sealing, and wheel. Products and components are molded to limit vibrations, provide automotive support, fit and protect tires, produce printing solutions, or offer support for other applications. Western Europe is an important region for the company and accounts for approximately half of total revenue.segments. | $41 | +7% | $9B | $10B | 2.6x | 11.6x | ||
| SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. The company manufactures quenched and tempered steels, high-strength steels, heavy plates, strip products, and tubular goods through divisions including SSAB Special Steels, SSAB Europe, and SSAB Americas, with production sites mainly in Sweden, Finland, and the United States. | $9 | +46% | $9B | $8B | 0.7x | 6.7x | ||
| Lagercrantz Group AB is a Sweden-based company engaged in the provision of products and solutions in the electronics and communications industry. The business activity of the group is divided into segments namely the Electrify, Control, TecSec, Niche Products, and the International segment. Geographically, it operates in the regions of Sweden, Denmark, Norway, Finland, the UK, Germany, and other regions. The firm derives the majority of revenue through the Electrify segment which offers products and solutions that meet the need for an increasingly electrified and connected society. | $26 | +12% | $5B | $6B | 5.8x | 27.0x | ||
| AQ Group AB is a supplier of manufacturing and assembling tool-bound sheet metal and thermoplastic parts to demanding industrial customers. The company's business consists of the System and Component segments. The System segment includes Electric Cabinets and System Products business areas. The Component segment encompasses business areas of Precision stamping and Injection Molding, Inductive Components, Wiring Systems, Sheet Metal Processing as well as Special Technologies and Engineering. Majority of the revenue is derived from Component segment. It operates around the globe with majority revenue from Sweden. | $24 | +27% | $2B | $2B | 2.1x | 15.9x | ||
| OEM International AB is a technology trading group in Europe. It acts as a link between its customers and manufacturers of products and systems for industrial applications. It offers various industrial components and systems from various suppliers, including electrical components, flow components, motors and transmissions, bearings, seals, and couplings, as well as appliance components, lighting, and complete production systems. The company's operating segments are classified based on its different market regions, and include Sweden, Finland, the Baltic states and China, Denmark, Norway, the British Isles and East Central Europe, and Other Groupwide operations. The majority of its revenue is generated from its business in Sweden. | $16 | -- | $2B | $2B | 3.6x | 22.1x | ||
| KB Components AB is a polymer component manufacturing company with production facilities in Europe, North America (including Mexico) and Asia. The company specializes in designing, developing, and manufacturing high-quality components for various industries, including automotive, medical, and consumer goods. It is in injection moulding technology, and well-invested machinery with degree of automation, the Company delivers polymer components to customers across range of application areas, including light vehicles, heavy vehicles, medical, industrial, furniture, lightning, chrome plating and industrial windows. | $5 | -14% | $274M | $374M | 1.2x | 9.1x | ||
| PowerCell Sweden AB is a Swedish company active in the field of clean energy. It develops, manufactures, and produces environment-friendly electrical power systems for stationary, marine, off-road, and on-road segments. The company has developed a system of fuel cell platforms that are powered by pure or reformed hydrogen gas and generate electricity and heat without releasing any emissions other than water. The company also provides services like consultation, support, modification, and turnkey solutions to its clients for transitioning to hydrogen electrification. Geographically, the company generates a majority of its revenue from Norway, and the rest from the United Kingdom, Germany, the United States, Sweden, Norway, Italy, and other regions. | $3 | +6% | $165M | $164M | 3.8x | 218.6x | ||
| CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair, create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for their existing aircraft fleets. Geographically company generates maximum revenue from Denmark, and the rest from USA, France, and other regions. | $13 | -38% | $163M | $165M | 5.6x | 26.3x | ||
| Intellego Technologies AB is engaged in designing visual indicators that enable to see the effects of invisible ultraviolet light. | $5 | -47% | $159M | $188M | — | — | ||
| CTEK AB is a global supplier of 12V battery chargers for various vehicles in the premium segment and Sweden's second largest supplier of chargers and accessories for electric vehicle charging. | $2 | -6% | $121M | $144M | 1.6x | 8.5x | ||
| GARO AB develops, manufactures, and supplies products and systems for the electrical installations industry under its own brand. The company has operations in Sweden, Norway, Ireland, Finland, UK. and other countries. It is organized into two business segments: GARO Electrification and GARO E-mobility. GARO has a broad product assortment and is a market leader within several product areas. The majority of its revenue comes from the GARO Electrification segment. The operations in the GARO Electrification segment (BA) comprise the Electrical distribution products, Project business, and Temporary Power product areas. The GARO E-mobility segment (BA) includes only the E-mobility product area. In addition to trading operations, it also includes in-house production at two facilities. | $1 | -43% | $61M | $87M | 0.8x | 17.3x | ||
| Ferroamp AB offers energy and power optimization solutions for real estate. The technology offered by the company includes Solar string optimizer, Energy storage optimizer, Fireman switch, Adaptive equalization, and other Energy storage solutions. The group mainly serves property companies, energy consultants, and electric power companies. | $0 | +155% | $40M | $40M | 3.7x | (25.2x) | ||
| Heliospectra AB is engaged in the development of lighting systems for controlled environments using light-emitting diode technology. The company's offering is targeted at greenhouses and indoor growers of medicinal plants, foodstuffs, herbs, and microgreens, and academic and agtech researchers. The offering consists of total solutions that rest on three pillars: Lighting, control systems marketed under the brand name helioCORE, and services marketed under the brand name helioCARE. | $0 | -58% | $7M | $6M | 1.8x | (1.4x) | ||
| Median | $13 | +9% | $2B | $2B | 2.9x | 16.1x |
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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