April 2026
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Largest Machinery Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Atlas Copco, Sandvik, Epiroc, Alfa Laval and Beijer Ref.
 | 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. | $41 | +82% | $52B | $55B | 4.0x | 17.0x | ||
| Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company’s products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on Nasdaq Stockholm in 2018. | $27 | +22% | $33B | $34B | 4.9x | 20.0x | ||
| 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. | $59 | +34% | $24B | $26B | 3.3x | 16.1x | ||
| Beijer Ref AB is a Sweden-based company that trades, distributes, and services refrigeration systems and components for refrigeration systems, air conditioning, and heat pumps. The company serves demands from commercial refrigeration (targeting food stores, shopping malls, hotels, and others), industrial refrigeration (targeting ice rinks, offices, computer rooms, and others), and comfort cooling (targeting private residences, stores, and others). Beijer Ref's sales are made to refrigeration installation contractors, service vendors, building companies, and refrigerator makers. The group's operations are divided into geographical operating segments. The group has the following operating segments: EMEA, APAC and North America. | $14 | -9% | $7B | $8B | 1.9x | 15.0x | ||
| Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of photomasks for displays; The High Flex division, which develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. | $31 | +52% | $6B | $6B | 6.6x | 23.2x | ||
| Beijer Alma AB is a Sweden-based industrial group in manufacturing, industrial trade, machinery development, and selected niche technologies. It operates through two subgroups have two segments that make up operating segments: Lesjofors is a manufacturer of springs, wire, and flat-strip components in Europe, North America, and Asia. Beijer Tech focuses on industrial trading and manufacturing in the Nordic region. Beijer Alma's clients come from infrastructure, medical, energy, telecom, chassis springs, and other industrial sectors. It generates the majority of its revenue from Lesjofors segment. | $31 | +32% | $2B | $2B | 2.5x | 13.8x | ||
| Electrolux Professional AB is a provider of food service, beverage, and laundry solutions, serving a wide range of customers globally, from restaurants and hotels to healthcare, educational, and other service facilities. The company's products include Combi ovens; Boiling & braising pans; Fry tops; Slicers & food processors; Planetary mixers; Vacuum packers & sealers; Refrigerated counters; Blast chillers, and others. The company's business segments include Food & Beverage which generates key revenue, and Laundry. Its geographical segments are Europe; the Asia Pacific, the Middle East, Africa; and the Americas, of which the majority of its revenue comes from Europe. | $5 | -29% | $1B | $2B | 1.2x | 8.9x | ||
| Alimak Group AB provides vertical access solutions. The company has five segments namely, Facade Access, Construction, Height Safety and Productivity Solutions, Industrial, and Wind. The Group operates in various countries and all operating segments are represented in the geographical regions of Europe, Asia and Australia, South and North America, and Other Markets. The Group develops, manufactures, sells, and services various solutions with a focus on adding customer value through enhanced safety, higher productivity, and improved cost efficiency. The products and solutions are sold under the brands Alimak, Tractel, CoxGomyl, Manntech, Avanti, and Scanclimber. | $12 | -22% | $1B | $2B | 1.9x | 9.9x | ||
| Engcon AB is engaged in the design, production and sale of excavator tools. | $7 | -26% | $1B | $1B | 5.3x | 26.7x | ||
| Nederman Holding AB is an industrial equipment manufacturer. The company produces and markets products to improve the industrial workplace environment; owns and manages enterprises as well as real estate and personal property, and engages in compatible operations. The firm's operating segments are, Extraction and Filtration Technology, Process Technology, Duct and Filter Technology, and Monitoring and Control Technology. Key revenue is derived from the Extraction and Filter Technology segment, which develops and sells various filters and monitoring services, capturing devices, fans, high-vacuum products, and reels for the distribution of various liquids and compressed air. Geographically, it derives key revenue from the United States of America and has customers located around the world. | $13 | -39% | $439M | $646M | 1.0x | 6.9x | ||
| XANO Industri AB develops, acquires and manages manufacturing businesses with products and systems with related services. Its subsidiaries are engaged in the business of manufacturing, and development of industrial products and automation equipment. The company's operations are divided into the Industrial solutions, Precision technology, and Rotational molding business units. It derives the majority of its revenues from the Industrial solutions business unit. The firm operates in the Nordic countries, Estonia, the Netherlands, Poland, China, and the United States. | $6 | +3% | $379M | $437M | 1.2x | 8.5x | ||
| Berner Industrier AB formerly Christian Berner Tech Trade AB and its subsidiaries markets, sells, and delivers components, systems, and services with high technology content. The offer includes quality products, consulting support, system solutions, installation, service, and processing for industry and public sector customers. The group operates in Sweden, Norway, Finland and Denmark. | $8 | +56% | $161M | $177M | 1.6x | 11.2x | ||
| Cavotec Group AB Formerly Cavotec SA designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications. The company has two operating segments, Ports & Maritime and Industry. The Ports & Maritime segment, which derives maximum revenue, is engaged in the development, manufacture, and service of automation and electrification technologies for the ports and maritime sectors. The Industry segment is engaged in the development, manufacture, and service of electrification and radio control products for industrial applications, such as cranes, energy, processing and transportation, mining, and tunneling. Geographically, It generates maximum revenue from Europe, Middle East and Africa (EMEA), followed by Asia-Pacific and the Americas. | $1 | -32% | $148M | $158M | 0.8x | 14.9x | ||
| SaltX Technology Holding AB is a Swedish greentech company that develops and markets sustainable technology to customers, the climate, and society. The company operates in the electrification of emission-intensive industries such as the lime and cement sectors. | $1 | +42% | $141M | $137M | 29.0x | (37.3x) | ||
| SinterCast AB is the supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). CGI enables the development of smaller, lighter and more fuel-efficient engines in passenger vehicle, commercial vehicle and industrial power applications. The use of SinterCast-CGI currently contributes to the reduction of approximately ten million tonnes of CO2 per year. It provides sustainable solutions for manufacturing and transportation to the foundry and automotive industries. | $10 | -17% | $72M | $71M | 5.9x | 17.3x | ||
| FlexQube AB develops and offers a flexible system of few standardized components that can be used to build industrial material handling applications like pallet carts, racks, kit carts, and fixtures. The products of the company include Tugger Carts, Mother-Daughter Solutions, Kit Carts, Rotating Carts and Carts with compartments. | $3 | +358% | $46M | $47M | 4.1x | (20.6x) | ||
| Metacon AB is an international energy technology company. The main goal of this company is to develop and market small and large energy systems that can produce hydrogen, electricity, and heat. The company has two main branches of business: Reforming and Electrolysis. In the Reforming division, the company possesses several patents and an understanding of how to efficiently convert different hydrocarbons into hydrogen, which is used in catalytic steam reforming products. As for the Electrolysis branch, the company is transitioning from being solely a distributor of Chinese-made products to manufacturing its own products under its own brand. The company's product range includes Hydrogen Refueling Stations, Large CHP Systems, Small CHP Systems, Small Power Units, and others. | $0 | +58% | $40M | $33M | 1.2x | (6.8x) | ||
| Impact Coatings AB develops and delivers industrial PVD coating focused on fuel cells, decorative, metallized and reflector applications. The company markets coatings under the INLINECOATER brand and coatings under MAXPHASE. | $0 | -25% | $26M | $26M | 4.9x | (6.5x) | ||
| Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields. | $0 | +86% | $23M | $23M | 1.0x | 10.7x | ||
| Envirologic AB provides automatic washing robotic machinery which helps people reduce their work in poor working environments. Its products include Clever Cleaner, Compact Cleaner, Evo Cleaner, and Special Cleaners. The machines are widely used in melting houses, wind power plant, egg hatching factories among others. | $2 | -27% | $21M | $19M | 2.7x | 11.8x | ||
| SeaTwirl AB is a turbine manufacturing company. It is engaged in developing a new type of floating wind turbine customized for the ocean. The company uses a vertical axis wind turbine with a tower that is attached to a floating structure that stretches deep below the water's surface. | $3 | +2% | $21M | $12M | 2472.1x | (5.3x) | ||
| OptiCept Technologies AB is engaged in providing technology and machinery for the food and plant industry that impacts in terms of sustainability, quality, and efficiency. It provides methods and machines for treating postharvest products like cut flowers and cuttings as well as food products like fruits and vegetables. | $0 | -57% | $16M | $21M | 7.1x | (2.7x) | ||
| Guideline Geo AB is a geophysics and geo-technology company offering sensors, software, services and support necessary to map and visualize the subsurface. The company provides complete solutions and applications expertise around the globe in four key growth areas: detecting and mapping groundwater, environmental and geological risk assessments, infrastructure site investigations and mineral exploration. The group includes the MALA and ABEM brands and sales are conducted globally to offer unparalleled technical expertise. | $1 | -3% | $11M | $10M | 0.4x | 4.7x | ||
| Bomill AB develops and markets equipment for analysis and separation of grain and other granular products such as wheat, durum wheat, barley, and oats. Its products include TriQ and IQ. | $0 | -38% | $7M | $7M | 3.6x | (5.6x) | ||
| Finepart Sweden AB provides fine and micro-abrasive waterjet machine for precision and micro cutting, drilling, milling and turning. The company products are used in medical technology, aerospace applications, fibre reinforced products, and micro components. Its product includes finecut WMC 500II, finecut options, and finespin. | $0 | +62% | $3M | $3M | 1.1x | (8.6x) | ||
| EasyFill AB is engaged in developing, patenting, and licensing cooler and store shelves. Its products include RotoShelf, a rotating gravity first-in-first-out shelf for the soft drink cooler and store shelf market, etc. | $0 | -37% | $3M | $4M | 0.8x | (5.6x) | ||
| Mantex AB develops and manufactures measurement system scanners which helps analyze biomaterials to the processing industry. Its products inlclude biofuel analyzer, flow scanner, and log scanner. The company also provides solutions for the board industry, pellets production, and various research projects. | $1 | -16% | $2M | $2M | 7.1x | (0.8x) | ||
| ECOMB AB is an environmental product technology company. The company has a developed a system for boilers and furnaces that reduces pollutants like nitrogen oxides, carbon monoxide and VOC in the flue gas. Its business activities include manufacturing of the patented Ecotube System, ancillaries, control software and installation. | $0 | -70% | $925K | $379K | 2.6x | (0.5x) | ||
| Avsalt Group AB is a Swedish environmental technology company that manufactures desalination machines to purify water. The company's patented technology entails minimal maintenance and low energy consumption and enables a continuous flow of water purified from ions and charged small molecules. The technology is based on thin carbon-based electrodes which, with alternating voltage application, remove ions and charged small molecules from the water. | $0 | -70% | $590K | $565K | — | (1.1x) | ||
| Median | $3 | -6% | $106M | $104M | 2.7x | 8.7x |
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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