RCO Security AB

RCO Security AB is a Swedish company specializing in advanced access control and alarm systems, providing tailored security solutions primarily for the Nordic market. RCO Security AB develops high-tech security solutions focusing on access control systems. Founded in Sweden, the company has maintained its operations without any noted pivots or changes. It is headquartered in Sweden and was acquired by NovAx, which obtained a 60% stake in January 2012.

RCO Security specializes in the development and provision of advanced access control and alarm systems tailored for the Nordic market. Their core offerings include the RCO SecuR-Card, which features sophisticated encryption and anti-copying technologies, thereby significantly reducing the risk of unauthorized access. These products cater to a diverse clientele, including public sector organizations, property managers, and residential complexes, addressing unique security challenges such as ensuring safe entry for children and deterring unauthorized visitors. RCO Security’s solutions are designed with usability in mind, facilitating easy integration into existing infrastructures while enhancing safety and control for end users.

RCO Security’s products are primarily marketed in Sweden but also serve customers in neighboring Nordic countries. For the year 2022, RCO Security reported a revenue of USD 35. 06 mn, with an EBITDA of USD 6. 05 mn for the same year.

RCO Security aims to expand its product offerings with upcoming innovations in access control technology, although specific release dates are not provided. The company has plans to enter additional Nordic markets to broaden its customer base. The funding from the acquisition by NovAx is expected to support these expansion efforts and the development of new products.