Scanreco
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Scanreco - overview
Established
1984
Location
Stockholm, -, Sweden
Primary Industry
Consumer Products
About
Based in Sweden, Scanreco specializes in developing industrial remote control systems that enhance operational efficiency across various sectors including construction and agriculture. Founded in 1984, Scanreco is located in Stockholm, Sweden, and is dedicated to designing industrial remote control solutions. The company's focus has remained consistent, with no noted pivots in its business strategy or operations. The founder's history is not specified, and there are no mentions of subsidiaries or parent companies.
Scanreco has successfully completed one deal, with the most recent being on April 28, 2026, where Priveq Investment acquired a minority stake in the company. Scanreco specializes in the design and manufacturing of industrial remote control systems tailored for Original Equipment Manufacturers (OEMs) and operators across various demanding industries. Their core product offerings include robust remote control platforms, handheld and bellypack transmitters, and receivers, engineered to endure challenging environments while ensuring an intuitive user experience. These solutions are aimed at enhancing operator safety and productivity by allowing users to maintain control from optimal positions, regardless of environmental constraints such as dust, moisture, or radio interference.
Scanreco’s products serve a diverse clientele, including sectors such as construction, agriculture, mining, maritime, and utility services, with applications ranging from concrete pumps and forestry machinery to cranes and aerial platforms. Geographically, their products are distributed in regions known for heavy machinery use, including Europe, North America, and parts of Asia. Scanreco generates revenue from direct sales of their remote control systems and associated components to industrial clients, primarily OEMs and service providers. Business transactions typically occur on a B2B basis, where clients purchase customized remote control solutions tailored to specific operational needs.
Scanreco also engages in partnerships that allow for lifecycle collaboration in developing bespoke systems, enhancing customer loyalty and long-term revenue streams. Specific pricing plans for their products vary depending on the configuration and features selected, with flagship offerings such as their SIL 3 certified remote systems and Never-Stop Technology™ playing a crucial role in their product lineup. While precise pricing details are proprietary, these products are positioned as high-performance solutions in the market, reflecting their durability and reliability in demanding work environments. Scanreco plans to leverage the recent acquisition by Priveq Investment to strengthen its financial capacity and support continued international growth.
The company is focused on designing upcoming new products, with specific launch dates and details to be announced. As part of their strategy, Scanreco aims to expand into new markets, including regions where heavy machinery usage is prevalent, ensuring a robust presence in Europe, North America, and parts of Asia by 2026.
Current Investors
Priveq Investment
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics
Website
www.scanreco.com/
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Scanreco - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 417,628,000 | 579,713,000 | - | - | - |
| % Revenue Growth (YoY) | - | 38.8% | - | - | - |
| EBITDA (USD) | 23,986,000 | 38,729,000 | - | - | - |
| Operating Income (USD) | 23,986,000 | 38,729,000 | - | - | - |
| Operating Margin | 5.7% | 6.7% | - | - | - |
| % EBITDA Margin | 5.7% | 6.7% | - | - | - |
| NET Income (USD) | 15,286,000 | 29,134,000 | - | - | - |
| % Net Margin | 3.7% | 5.0% | - | - | - |
Scanreco - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CrossControl AB | - | ||||||||
| Buyout | Completed | Scanreco | - |
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