Etteplan

What Etteplan does

Etteplan Oyj is a Finnish public engineering services company (Nasdaq Helsinki: ETTE) founded in 1983 and headquartered in Espoo, Finland. The company provides engineering, embedded systems, software, technical documentation, and testing services to global industrial manufacturers and operators across automotive, defense, energy, medical technology, and industrial machinery verticals. Revenue is generated predominantly through professional engineering service engagements, billed on time-and-materials or fixed-price contracts, with multi-year framework agreements (e.g., the Vattenfall 3-year agreement) supplementing project-based work.

Etteplan's service portfolio spans plant and product engineering (mechanical, electrical, automation, additive manufacturing), hardware and software services (FPGA, PCB, antenna/RF design, cloud, cybersecurity, computer vision, MES integration), and a digital technical communication stack including Etteplan AIM (asset information management), Etteplan INFO, and the HowTo/HyperSTE structured-content platforms. Underlying these is Etteplan rAIse, an industrial AI platform supporting AI agents for requirements engineering and data modernization, complemented by proprietary fiber routing and coating manufacturing technology produced in the Netherlands for aerospace, defense, medical, automotive, and telecom applications. The company holds an accredited EMC/RF test laboratory and ISO-style testing capabilities.

Etteplan operates a global delivery footprint across Finland, Sweden, the Netherlands, Germany, Poland, Denmark, China, and the USA, and has executed 10+ acquisitions since 2012 to deepen technical capability and geographic reach, including Cognitas GmbH (2022), Syncore Technologies (2022), DDCom (2022), LAE Engineering (2023), High Vision Engineering (2023), STRONGIT (2024), AFFRA AB (2024), Novacon Powertrain (2025), Eltech Automation (2025), and Raute Wood Processing (2026). For full-year 2025, Etteplan reported revenue of EUR 361.4 million (flat YoY) and EBIT of EUR 17.9 million, and management has guided 2026 revenue to EUR 360-380 million.

Name

Etteplan

Legal name

Etteplan Oyj

Website

https://etteplan.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Etteplan is a Finnish public engineering services company providing product development, embedded systems, software, technical documentation, and industrial AI solutions to leading manufacturers in automotive, defense, energy, medical, and industrial machinery across Europe, China, and the USA.

Ownership category

akta.pro rank

Product category

Industrial Engineering Services

NAICS

Engineering Services (54133), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

akta.pro secondary industries

Emerging Tech (IoT, Blockchain, AR/VR, Edge) Consulting (BPAHAEAL), Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)

Keywords

• Industrial engineering services
• Embedded systems development
• Technical documentation solutions
• Industrial automation services
• Engineering consulting

Headquarters

HQ city

Vantaa

HQ country

Finland

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Engineering Services: Etteplan generates the majority of its revenue from professional engineering services including product development, plant engineering, software and embedded solutions, technical communication, and testing services. Revenue is project-based and typically billed on time-and-materials or fixed-price contracts. The company reported flat full-year 2025 revenue of EUR 361.4 million with operating profit (EBIT) of EUR 17.9 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Etteplan is a Finnish engineering services company that delivers product development, plant engineering, software and embedded solutions, technical communication, and accredited testing services to industrial manufacturers worldwide. The company also sells proprietary digital products including the Etteplan rAIse industrial AI platform, the HowTo suite for digital technical communication, HyperSTE structured content platform, Etteplan AIM for asset information management, and specialized fiber-optic flex circuit production technology. Services are delivered through offices across Finland, Sweden, the Netherlands, Germany, Poland, Denmark, China, and the United States.

Product overview

Etteplan is a Finnish technology service company that offers a comprehensive portfolio of engineering services, software and embedded solutions, technical communication, and testing services. The company operates through distinct but interconnected service areas: Engineering Services (Plant Engineering/Smart Factory, Product Development, and Production Solutions including Digital Twin and LCIA automation), Software and Embedded Services (Hardware Design, Software Development, and UX Design), Technical Communication (Etteplan AIM, Etteplan INFO, HowTo suite, and HyperSTE platforms), Testing and Test Laboratory, Green Transition Services, and Project Management. The portfolio is unified under the Etteplan rAIse industrial AI platform and supported by nearshoring/offshoring delivery capabilities. Key products include specialized solutions for fiber optic circuits, product lifecycle extension services, and digital twins. The company serves diverse industries including automotive, defense, energy, medical technology, and industrial machinery across Finland, Sweden, Netherlands, Germany, Poland, Denmark, China, and the USA.

Differentiator

Problem solved

Functional benefit

Products and services

• Etteplan rAIse

Quantifiable outcome

• Employees in industrial companies typically spend 20–30% of their time searching for, validating, or recreating information due to poor data quality, resulting in lost productivity, compliance challenges, and costly project rework.
• +1 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Three partnerships are on record, tiered major and core.

• PatriamajorStrategic or Co-development Partner · 5 May 2026Etteplan and Patria are deepening their engineering collaboration significantly. Etteplan will establish a competence centre for Patria's vehicle engineering operations, representing a major expansion of the partnership. This is one of the most significant strategic engineering partnerships referenced in the source material.
• MicrosoftcoreTechnology or Integration · 23 February 2026Etteplan achieved Microsoft Solutions Partner for Data & AI (Azure) designation, recognizing the company's technical competence, certified personnel, and proven success in data, analytics, and AI customer projects. The partnership provides Etteplan access to Microsoft's advanced resources, support tools, and development capabilities, strengthening its position as a provider of industrial data and AI solutions using Azure cloud technologies.
• Vattenfall ABmajorStrategic or Co-development Partner · 27 November 2025Etteplan signed a three-year framework agreement with Vattenfall AB (with option to extend) to provide technical consulting and engineering services. The agreement aims to enhance operational efficiency and support Vattenfall's transition to a fossil-free future. This represents a significant strategic engagement with one of Europe's leading energy companies.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AFRY: AFRY (formerly ÅF) is a Sweden-based engineering, design, and consulting company serving industrial, energy, infrastructure, and mobility clients across the Nordics and Europe. Most direct Nordic-listed engineering services peer to Etteplan, with comparable vertical exposure in manufacturing, energy, and infrastructure.
• Sweco: Sweco is a Sweden-based engineering, design, and consulting firm operating across Northern Europe with strong water, transport, and industrial engineering service lines. Direct Nordic engineering consulting peer to Etteplan's plant engineering and product development services.
• Rejlers: Rejlers is a Nordic engineering consulting and technical services firm serving energy, industry, and infrastructure clients in Sweden, Finland, Norway, and the Baltics. Overlaps closely with Etteplan's Finnish-Swedish engineering services footprint and energy/industrial client base.
• Capgemini Engineering (formerly Altran): Capgemini Engineering is the global engineering services and R&D arm of Capgemini, with deep capabilities in embedded software, mechanical engineering, and systems engineering. Closest global comparator for Etteplan's software/embedded and product development services, especially in automotive and aerospace verticals.
• EDAG: EDAG is a Germany-headquartered engineering services provider specializing in complete vehicle development, production systems, and digital factory solutions for automotive and industrial customers. Comparable to Etteplan's Smart Factory, production solutions, and automotive engineering service lines.
• AKKA Technologies (Modis): AKKA Technologies (now operating as Modis/Akkodis) is a European engineering and digital services provider with strong automotive, aerospace, and industrial customers. Overlaps with Etteplan's embedded software, mechanical engineering, and technical documentation services.
• Bertrandt: Bertrandt is a Germany-based engineering services company focused on mobility, automotive, aerospace, and electronics development. Closely comparable to Etteplan's automotive testing (HIL), embedded systems, and product development services across Europe.
• Sigma Industry Group: Sigma Industry Group is a Sweden-based specialist supplier of embedded and industrial software/electronics design services. Direct Nordic peer to Etteplan's software and embedded service line, particularly for product design and embedded solutions.

Broad incumbents

• Bosch Engineering: Bosch Engineering is the engineering services and customer-specific development arm of Robert Bosch, covering automotive, off-highway, and industrial solutions globally. Broad incumbent with overlapping product engineering, embedded, and testing capabilities, but operating within a much larger parent portfolio.
• Siemens Digital Industries: Siemens Digital Industries (Siemens DI) provides automation, digital twin, and industrial software/services for discrete and process industries. Broad incumbent serving Etteplan's plant engineering, digital twin, and Smart Factory customer base but with vastly larger scale and a product-centric model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCyTkWKiRg4nySbE6mfXcjWQ
• Facebookfacebook.com/etteplan
• LinkedInlinkedin.com/company/etteplan-group
• Instagraminstagram.com/etteplan_official
• Xx.com/etteplan

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A17 records

Investments2 records

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

Frequently asked questions about Etteplan