Prevas

What Prevas does

Prevas is a Swedish engineering and technology consulting company founded in 1984 and headquartered in Västerås, listed on NASDAQ Stockholm under ticker PREVAS. The company delivers embedded systems, software design, mechanical engineering, digital transformation, and industrial automation services to enterprise customers across nine verticals, including life science and medtech (ISO 13485-certified), defense and security, energy, automotive, steel and minerals, telecom, food, and chemicals. Operations span 33 offices across Sweden, Finland, Denmark, and Norway with approximately 1,100 employees, expanded to roughly 1,300 following the 2024 Enmac acquisition.

Revenue is generated primarily through professional services on project-based engagements, complemented by recurring maintenance and support contracts on proprietary products. Core proprietary solutions include FOCS (a furnace optimization control system used in approximately 90% of Scandinavian steel production, delivering up to 20% energy reduction and 25% capacity gains), GCM (a CyberVadis-certified goods certification manager integrating with GS1 systems across Sweden, Denmark, and Finland, used by Unilever, Mondelez, Procter & Gamble, and Semper), and eLIPS/LIPS logistics platforms plus Prevas Smart Production MES. The company also acts as a system integrator for major platforms (SAP, Oracle, PTC, Siemens, Dassault Systèmes) and holds strategic exclusive practices with Hexagon (EAM/APM) and National Instruments (Silver Partner for test and measurement).

FY2025 net sales totaled SEK 1,627 million, a 2.5% year-over-year increase, while EBITA declined to SEK 121.4 million from SEK 148.9 million the prior year. Q4 2025 EBITA margin of 8.1% (up 7.7% YoY) reflected efficiency measures in Finland. The company is pursuing growth through targeted acquisitions (BitSim NOW, Myra Industrial Design, Enmac, OIM Sweden), AI and robotics productization (SweTree forestry system, Marksman ST3 simulator), and expansion into cybersecurity services driven by the EU Cyber Resilience Act and NIS2 Directive.

Name

Prevas

Legal name

Prevas AB

Website

https://prevas.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Prevas is a Swedish engineering and technology consulting firm that delivers embedded systems, automation, and digital transformation services to enterprise clients across nine verticals in the Nordics, supplemented by proprietary products including the FOCS furnace optimization system used in 90% of Scandinavian steel production.

Ownership category

akta.pro rank

Product category

Engineering Consulting Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)

Keywords

• Engineering consulting services
• Embedded systems development
• Industrial automation solutions
• Digital transformation services
• Product development consulting

Headquarters

HQ city

Västerås

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Engineering Consulting Services: Professional engineering consulting services including embedded systems, mechanical engineering, digital transformation, test & compliance, and industrial automation. Revenue generated through project-based consulting engagements with enterprise clients across Nordic countries.
2. Proprietary Software Solutions: Sale and support of proprietary software products including FOCS, GCM, and eLIPS. Ongoing maintenance and support contracts provide recurring revenue.
3. Cybersecurity Services: Cybersecurity offerings for connected products, helping companies develop secure systems across the entire product lifecycle. Services driven by EU regulations including Cyber Resilience Act and NIS2 Directive.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Prevas AB is a Nordic engineering and technology company that delivers embedded systems development, industrial automation, MES, product development, test and measurement, mechanical engineering, UX/industrial design, and digital transformation services to enterprise clients. The company also develops and licenses proprietary industrial software and products including FOCS (a furnace optimization control system dominant in Scandinavian steel mills), GCM goods certification manager, eLIPS/LIPS, Prevas Smart Production MES, and the Quicke QE-command Joystick. Revenue is generated primarily through consulting hours, turnkey projects, and recurring software/support contracts.

Product overview

Prevas is an engineering and technology consulting company offering a portfolio of proprietary products and specialized services. The core proprietary products include FOCS (Furnace Optimization Control System) for steel production furnace control, GCM (Goods Certification Manager) for electronic article information and GS1 data synchronization, eLIPS and LIPS for internal logistics and warehouse management, and Prevas Smart Production for MES solutions. These products are complemented by comprehensive service offerings across embedded systems, design and user experience, mechanical engineering, test and compliance, life science and medtech, digital transformation (including AI/ML and IoT), internal logistics, defense and security, asset management, energy and electrical services, and production development and industrial automation. Prevas also acquired companies including Myra Industrial Design AB (industrial and interaction design), BitSim NOW AB (embedded systems), and OIM Sweden AB to expand capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Myra: Industrial and interaction design firm specializing in medical device design, acquired by Prevas in 2022.
• GCM (Goods Certification Manager)
• FOCS (Furnace Optimization Control System)
• eLIPS
• LIPS

Products and services

• FOCS (Furnace Optimization Control System) Proprietary software/SaaS product that optimizes furnace operations in steel and process plants, sold to industrial steel and process customers seeking energy efficiency, throughput, and quality gains.
• GCM (Goods Certification Manager) Proprietary software product used to manage certification of goods/equipment, sold to industrial buyers requiring traceable goods compliance.
• eLIPS / LIPS Proprietary Prevas product platform addressing embedded systems / industrial control applications, sold as a licensed product to industrial customers.
• Prevas Smart Production Prevas's own MES-style smart-production platform sold to manufacturers seeking to digitalize, monitor, and optimize production operations.
• Quicke QE-command Joystick Operator-control joystick product developed/sold by Prevas, associated with the Quicke product family of operator controls.
• Embedded Systems Development Services Consulting-led engineering service delivering embedded electronics, firmware, and integrated product development for industrial and product companies.
• Industrial Design and UX Services Consulting service covering industrial design and UX design for connected products and industrial equipment.
• Mechanical Engineering Services Consulting mechanical engineering service delivering mechanical design, analysis, and industrialization support to industrial product companies.
• Test and Measurement Systems Services Test and measurement engineering services, including functional test, production test, and certification test systems for industrial and life-science customers.
• Automation and Robotization Services Industrial automation and robotics consulting services delivered to manufacturers and integrators seeking to automate production lines and processes.
• MES and Production Support Services Consulting and integration service for MES and production IT systems, enabling shop-floor digitalization, traceability, and OEE improvements.
• PLM and Product Information Management Services PLM and PIM consulting services supporting product data management, configuration, and engineering-information lifecycle for industrial customers.
• Life Science and Medtech Innovation Services Engineering and product development services for life-science and medical-device customers, delivered under ISO 13485 medical-device quality management.
• Defense and Security Engineering Services Engineering services for defense, security, and other regulated/safety-critical industrial customers, including embedded systems and cybersecurity capabilities.
• Asset Management Services Industrial asset management consulting services delivered to operators and owners of industrial assets, covering reliability, maintenance, and performance optimization.
• Energy, Electricity and Installations Services Engineering services for energy, electricity, and installation customers, including grid, electrification, and power-solutions projects.
• Digital Transformation Services Consulting-led digital transformation services that combine connected products, data, and automation to help customers digitalize products and operations.
• Support and Operational Services Long-term support, maintenance, and operational services for delivered solutions and installed Prevas products.

Quantifiable outcome

• FOCS reduces energy consumption by up to 20% while increasing production capacity by over 25%
• +4 more outcomes

Named customers19 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability8 records

Feature5 records

Partnerships

17 partnerships are on record, tiered flagship and core.

• SweTreeflagshipStrategic or Co-development Partner · 19 May 2026Partnership to develop AI and robotics-based system for automated selection and propagation of viable tree embryos using somatic embryogenesis. Prevas developed a vision system that can identify, pick, and plant embryos in under three seconds. The companies aim to offer this complete robot- and AI-based system to forestry customers globally.
• HexagoncoreStrategic or Co-development Partner · 17 June 2025Strategic partnership to deliver enterprise asset management (EAM) and asset performance management (APM) solutions across Denmark, Finland, Norway, and Sweden. Prevas is launching an exclusive practice for HxGN EAM and HxGN APM solutions, strengthening its role as a top Hexagon service provider in the region. The partnership builds on nearly two decades of shared success.
• Enmac (NMAC Group Oy)flagshipOthers · 1 July 2024Acquisition completed July 1, 2024. Prevas purchased approximately 92% of Enmac's shares for EUR 19 million, expanding operations across the Nordic region with combined workforce of approximately 1,300 employees.
• Myra Industrial Design ABflagshipOthers · 1 November 2022Acquisition of 100% of Myra Industrial Design AB, an experienced design firm specializing in industrial and interaction design, strengthening Prevas's product development offerings especially in the medtech sector.
• BitSim NOW ABflagshipOthers · 1 May 2022Acquisition of 100% of BitSim NOW AB, a Stockholm-based consulting firm specializing in embedded systems and product development, expanding Prevas's capabilities in advanced product development.
• Marksman Training SystemsflagshipStrategic or Co-development PartnerCollaboration to launch ST3 hunting simulator featuring advanced sensor technology, real-time data processing, and ballistic modelling for training without live ammunition. The system achieves precision approximately 0.003 degrees with plans to expand into defense sector applications.
• CTC (NIBE Group)coreStrategic or Co-development PartnerPartnership to modernize CTC's testing operations through development of a scalable test platform enabling parallel testing and certification with full environmental simulation capabilities for residential heat pump products.
• Björneborg Steel ABcoreStrategic or Co-development PartnerPartnership to modernize steel plant by upgrading MES system with Prevas Smart Production for the final stage of steelmaking, enhancing digitalization, efficiency, traceability, and production flexibility.
• SteerpropcoreStrategic or Co-development PartnerCollaboration to develop CRP Torque Jack testing system for testing ship propulsion systems under simulated real-world conditions. The sophisticated testing system tailored to Steerprop's exact specifications was delivered on schedule.
• Kemira ChemicalscoreStrategic or Co-development PartnerLoading station modernization project at Kemira Chemicals Oy Joutseno plant, implementing fall protection systems meeting SFS-EN ISO 14122-3 standards and improving operational efficiency.
• FoodhillsflagshipStrategic or Co-development PartnerOver 20-year collaboration developing comprehensive system for managing crop sowing and harvesting. Solution uses weather data from SMHI and automates the entire chain from sowing planning to frozen products, with 24/7 support during peak season.
• Backer (NIBE Group)coreStrategic or Co-development PartnerTest management and validation support for Backer's entry into automotive industry with electric heating systems for cab and battery pack temperature control. Approximately 10 Prevas consultants supported various product development aspects.
• GradientechflagshipStrategic or Co-development PartnerDevelopment partnership resulting in QuickMIC ultra-fast diagnostics system for sepsis testing, awarded Red Dot Design Award and iF Design Award. About twenty Prevas consultants were involved full-time during various phases of the project.
• VIOBACflagshipStrategic or Co-development PartnerDevelopment partnership for BaLu UV light solution preventing catheter-associated infections. Prevas supported entire development journey from hardware and software to mechanical design, project management and quality assurance.
• IONCORcoreStrategic or Co-development Partner18-month project to modify battery production line at Uusikaupunki plant, preparing for new battery type production. Scope included 35 KUKA industrial robots programming and electrical automation.
• Resand OycoreStrategic or Co-development PartnerPartnership to prepare Resand's patented sand recycling technology for European market entry, ensuring EU machinery safety compliance through calculations, risk assessments, and documentation.
• National Instruments (NI)coreChannel Partner/ Reseller/ DistributorSilver Level Partner in NI Partner Network for test and measurement systems, providing certified developers and architects with LabVIEW/TestStand expertise at highest level.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AFRY (ÅF): AFRY is a large Swedish engineering, design, and consulting firm operating across the Nordics and globally, with similar coverage of industrial digitalization, embedded systems, energy, and product development — the closest like-for-like Nordic engineering consulting peer.
• Etteplan: Finnish engineering consultancy providing embedded systems, industrial automation, and product development services to Nordic and European industrial customers; competes head-on with Prevas in cross-border Nordic engagements.
• Semcon: Swedish technical consultancy focused on product development, digital solutions, and engineering services; similar customer base in industrial and life science and overlapping expertise in embedded systems and UX.
• Rejlers: Nordic engineering consultancy with strong presence in Sweden, Finland, and Norway covering energy, industry, infrastructure, and digitalization — direct competition for many of Prevas' vertical engagements.
• Sigma Group (Danir): Swedish IT and engineering consultancy delivering embedded systems, digital solutions, and product development across the Nordics; comparable scale and customer mix in industrial verticals.
• Knowit: Nordic digital and tech consultancy with embedded systems, IoT, and digital transformation practices serving enterprise customers across Sweden, Finland, Norway, and Denmark — overlapping GTM motion and verticals.
• Combitech: Independent Nordic technical consulting firm (part of Saab group) focused on defense, industry, and digitalization; comparable in defense/embedded systems focus and Nordic enterprise customer base.

Broad incumbents

• TietoEVRY: Large Nordic IT services and software firm offering digital transformation, PLM, and industrial digital services at much greater scale; broader portfolio but overlaps with Prevas on enterprise applications, PLM, and embedded systems.
• Akkodis (formerly AKKA / Modis): Global engineering consulting and digital services firm with strong Nordic presence post-AKKA acquisition of Citec; competes directly with Prevas on industrial engineering, embedded, and product development mandates.
• Capgemini Engineering (formerly Altran): Global engineering and digital services giant with embedded systems, industrial automation, and PLM practices; competes for large enterprise digital transformation mandates that Prevas also targets in the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/Prevas100
• Facebookfacebook.com/prevasab
• LinkedInse.linkedin.com/company/prevas-ab
• Instagraminstagram.com/prevasab
• Xx.com/prevasdenmark

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prevas