SWEP International

What SWEP International does

SWEP International AB is a Sweden-based, wholly-owned subsidiary of Dover Corporation (NYSE: DOV) and a global manufacturer of brazed plate heat exchangers (BPHEs) founded in 1983 and headquartered in Landskrona. The company designs and produces compact, high-efficiency thermal transfer hardware—including condensers, economizers, evaporators, single-phase heat exchangers, and dedicated data-center cooling units (B327, B224, B4T, B18)—alongside a portfolio of proprietary technologies (Sealix thin-film coating, AsyMatrix asymmetric plate design, Hypertwain advanced architecture, and All-Stainless construction) and a sustainability line of CO2-reduced steel BPHEs delivering up to 50% lower embedded emissions.

SWEP serves five primary end-markets—HVAC, refrigeration, data centers, manufacturing, and power generation—with global reach via a channel partner network supplemented by direct customer engagement. Revenue is generated primarily through B2B hardware sales of BPHE units and accessories at quote-based pricing, distributed through resellers and direct channels. End-uses include air conditioning, residential and commercial heat pumps, district energy, low-GWP refrigerant systems (CO2, ammonia, propane), industrial heat pumps, compressed air waste heat recovery, oil cooling, solar thermal, PEM fuel cell cooling, and ORC/CHP systems.

The company operates as part of Dover Corporation's $8 billion five-segment industrial portfolio and has been expanding production capacity and product launches to capture AI-driven data-center cooling demand. A recent leadership position is held by Ulrika Nordqvist as President. Pricing is not publicly disclosed, and no anchor customer logos are publicly named in the available data.

Name

SWEP International

Legal name

SWEP International AB

Website

https://swep.net

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SWEP International, a Dover Corporation subsidiary founded in 1983 in Sweden, manufactures brazed plate heat exchangers for HVAC, refrigeration, data center, manufacturing, and power generation customers globally, distributing via a channel partner network.

Ownership category

akta.pro rank

Product category

Heat Exchangers

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

akta.pro secondary industries

Onsite Low-Carbon Heat & CHP (Electrified CHP, Fuel Cells, Renewable CHP) (EUABAJAI), Industrial Heat Pumps & Mechanical Vapor Recompression (Low–Mid Temp Heat) (EUABAJAB), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• Brazed plate heat exchangers
• Thermal management solutions
• HVAC heat transfer
• Refrigeration components
• Data center cooling

Headquarters

HQ city

Landskrona

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Brazed Plate Heat Exchanger Sales: SWEP generates revenue through the manufacture and sale of brazed plate heat exchangers (BPHEs) and related accessories. Products include condensers, economizers, evaporators, and single-phase heat exchangers for various industrial applications.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

SWEP International designs, manufactures, and sells brazed plate heat exchangers (BPHEs) used for compact, high-efficiency heat transfer in HVAC, refrigeration, data center cooling, industrial manufacturing, and power generation applications. The product range includes condensers, economizers, evaporators, and single-phase heat exchangers, supported by proprietary technologies such as SWEP Sealix, AsyMatrix, Hypertwain, and All-Stainless construction. The company also offers CO2-reduced steel BPHEs with up to 50% lower embedded emissions for sustainability-focused buyers.

Product overview

SWEP International is a global provider of brazed plate heat exchangers (BPHEs), operating as part of Dover Corporation. The company offers a comprehensive range of heat transfer products including brazed plate heat exchangers, condensers, economizers, evaporators, and single-phase heat exchangers. Their portfolio includes specialized products for data center cooling (SWEP B327, SWEP B224, SWEP B4T, SWEP B18), sustainable solutions (CO2-reduced steel BPHEs), and proprietary technologies (SWEP Sealix, SWEP Asymmetry Matrix, SWEP Hypertwain, SWEP All-Stainless). The products serve applications across HVAC, refrigeration, data centers, manufacturing, and power generation sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• SWEP Brazed Plate Heat Exchangers Comprehensive range of brazed plate heat exchangers (BPHE) providing efficient heat transfer for HVAC, refrigeration, data centers, manufacturing, and power generation applications.
• Condensers Brazed plate heat exchangers used as condensers for desuperheating and subcooling in HVAC and refrigeration applications.
• Economizers Brazed plate heat exchangers used as economizers for increased subcooling in refrigeration systems.
• Evaporators Brazed plate heat exchangers used as evaporators for superheating and evaporation in refrigeration systems.
• Single Phase Heat Exchangers Highly efficient single-phase heat exchangers available in copper-brazed or All-Stainless configurations.
• CO2-reduced steel BPHEs Brazed plate heat exchangers with channel plates made from stainless steel produced through CO2-reducing methods, offering up to 50% lower embedded emissions while maintaining identical technical performance.
• SWEP B327 Brazed plate heat exchanger designed for high thermal efficiency, supporting sustainable and efficient cooling solutions for data centers and district heating applications.
• SWEP B224 Brazed plate heat exchanger designed for high thermal efficiency, supporting sustainable and efficient cooling solutions for data centers and district heating applications.
• SWEP B4T Advanced cooling product designed for next-generation cooling applications in data centers.
• SWEP B18 Advanced cooling product designed for next-generation cooling applications in data centers.

Quantifiable outcome

• Up to 50% lower embedded emissions with CO2-reduced steel BPHEs
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Dover CorporationcoreStrategic or Co-development PartnerSWEP International AB is a wholly-owned subsidiary of Dover Corporation, part of Dover's $8 billion five-segment industrial portfolio. Dover provides strategic direction and resources for SWEP's global operations.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Carrier Global: Major HVAC and refrigeration systems manufacturer offering complete thermal management solutions. Overlaps with SWEP's customer base in commercial HVAC and data center cooling.
• Danfoss: Danish multinational producing heating, cooling, and refrigeration components including heat exchangers used in HVAC and refrigeration systems. Overlaps with SWEP across HVAC and commercial refrigeration segments.
• Xylem: Global water technology company with significant presence in industrial pumps and thermal management. Xylem's broader portfolio competes with SWEP in industrial cooling and water-related heat exchange applications.
• Trane Technologies: Global HVAC systems manufacturer with broad product portfolio including chillers, heat pumps, and thermal management solutions. Competes with SWEP at the system level where SWEP BPHEs are embedded as components.

Direct peers

• Alfa Laval: Swedish-founded global leader in heat transfer, separation, and fluid handling. Alfa Laval manufactures brazed and gasketed plate heat exchangers directly competing with SWEP across HVAC, refrigeration, and industrial applications.
• Kelvion (formerly GEA Heat Exchangers): German-headquartered manufacturer of plate heat exchangers, shell-and-tube heat exchangers, and other thermal equipment. Kelvion competes head-to-head with SWEP in HVAC, refrigeration, and industrial heat transfer.
• SPX Heat Transfer (SPX Technologies): SPX's Heat Transfer segment designs and manufactures heat exchangers for HVAC, refrigeration, and industrial markets. Directly comparable to SWEP in product range and customer base.
• API Heat Transfer: US-based manufacturer of heat exchangers including plate and brazed designs serving industrial, HVAC, and process markets. Direct competitor to SWEP in plate heat exchanger technology.

Regional players

• Hisaka Works: Japanese manufacturer of plate heat exchangers serving primarily the Asian market with brazed and gasketed designs. Comparable product technology to SWEP but with primarily regional focus.

Emerging players

• Funke Wärmetauscher Apparatebau: German specialist manufacturer of plate heat exchangers for industrial and HVAC applications. Smaller competitor than SWEP but offers directly comparable plate heat exchanger products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/swep

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about SWEP International