SWEP International
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.
- Company typePrivate
- Founded1983
- HeadquartersLandskrona, Sweden
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
SWEP International firmographics
Firmographics- 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
SWEP International industry classification
Industry- 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
Where SWEP International is headquartered
LocationHeadquarters
- HQ city
- Landskrona
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
SWEP International business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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
SWEP International product offering
Product offeringCore 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
Companies that use SWEP International
Customer profileSegments5 records
Ideal customer profiles3 records
SWEP International technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
SWEP International partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Dover CorporationcoreSWEP 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
SWEP International competitors and assessment
Company assessmentBroad 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
SWEP International social profiles
Digital presenceSWEP International compliance and trust
Trust signalCompliance1 record
SWEP International financial estimates
Financial estimateRevenue estimate
Valuation estimate
SWEP International leadership team
Management profileNumber of profiles
Profiles1 record
SWEP International funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SWEP International M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SWEP International
What does SWEP International do?
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.
Is SWEP International a public or private company?
SWEP International is a private company. It is classified as corporate owned and is currently operating.
When was SWEP International founded?
SWEP International was founded in 1983. It employs 1,001 to 5,000 people.
Where is SWEP International based?
SWEP International is headquartered in Landskrona, Sweden, in the Europe region.
How does SWEP International make money?
One revenue line is on record: brazed Plate Heat Exchanger Sales.
Who are SWEP International's main competitors?
Broad incumbents on record are Carrier Global, Danfoss, Xylem and Trane Technologies. Direct peers are Alfa Laval, Kelvion (formerly GEA Heat Exchangers), SPX Heat Transfer (SPX Technologies) and API Heat Transfer. Hisaka Works is listed as a regional player. Funke Wärmetauscher Apparatebau is listed as an emerging player.
Does SWEP International have an API?
No public API is recorded for SWEP International.
What industry is SWEP International in?
SWEP International's product category is Heat Exchangers. Its primary akta.pro industry code is IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment, with a secondary code of EUABAJAI, Onsite Low-Carbon Heat & CHP (Electrified CHP, Fuel Cells, Renewable CHP). Its NAICS code is 332410 and its SIC code is 3585.