CrossControl AB

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CrossControl AB - overview

Established

1991

Location

-, -, Sweden

Primary Industry

Consumer Products

About

CrossControl AB, based in Sweden, specializes in advanced onboard computing solutions and HMI technologies for various industrial sectors, enhancing operational efficiency and user interaction across machinery applications. Founded in 1991 in Sweden, CrossControl AB designs innovative computing solutions for industrial machinery. The company primarily serves OEMs and system suppliers globally, with headquarters located in Sweden. The founder has a background in technology development, though further details about previous ventures are not available.


CrossControl has successfully completed 2 deals, with its latest funding round coming from CentroMotion. CrossControl specializes in advanced on-board computing solutions and HMI (Human-Machine Interface) technologies designed for various industrial applications, including agricultural machinery, construction equipment, and material handling systems. Their core offerings include the CCpilot series of display computers, particularly the new I. MX 8 based models, the V510 and V710, which feature programmable soft keys and enhanced graphical performance.


These products facilitate multiple application integrations on a single screen, enhancing user interaction and operational efficiency. CrossControl also provides robust cybersecurity solutions, ensuring a secure-by-design platform with features like firewalls and secure updates, which are crucial for meeting regulatory requirements. The company serves a diverse client base, including OEMs (Original Equipment Manufacturers) and system suppliers across Europe, North America, and Asia, helping them tailor scalable machine intelligence that meets specific user needs. CrossControl generates revenue through the sale of its proprietary on-board computing platforms and HMI solutions, as well as through partnerships with OEMs and system suppliers.


Transactions typically occur on a B2B basis, where clients engage in direct purchases or long-term contracts for product development and support services. The company employs a structured pricing model that reflects the complexity and capabilities of its flagship products, such as the CCpilot display computers and accompanying software solutions. These products are integrated into the clients' machinery and systems, allowing for recurring revenue opportunities through maintenance contracts, software updates, and additional customization services. CrossControl's commitment to high-quality standards and extensive testing reinforces its value proposition in the competitive landscape of industrial computing solutions.


CrossControl AB plans to leverage its recent funding from CentroMotion to expand its product offerings and enhance market reach. Upcoming products include advanced models within the CCpilot series, designed to meet evolving industry needs. The company aims to enter new markets in Asia and North America by 2025, utilizing the funds to support product development and marketing efforts in these regions.


Current Investors

Primary Industry

Consumer Products

Sub Industries

Consumer Electronics

Website

www.crosscontrol.com/

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

CrossControl AB - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedCrossControl AB-

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