IPCO

What IPCO does

IPCO is an industrial process solutions company headquartered in Sandviken, Sweden, that designs and manufactures steel belt-based continuous processing equipment for industrial manufacturers worldwide. Its core product portfolio includes steel belts and conveyor components, ThermoPress double belt press systems, Rotoform pastillation systems, ScatterPro scattering systems, and thin film casting technologies. These systems are differentiated by precision tolerances (±10 µm belt thickness), high-pressure capability (up to 20 Bar), and industrial scale (belt widths up to 3 meters), enabling continuous manufacturing workflows for thermoset/thermoplastic composites, battery electrodes, separators, and other advanced materials.

The company serves enterprise customers across automotive, aerospace, energy (batteries, fuel cells, solar), chemicals, building materials, and general industrial manufacturing. Its go-to-market is predominantly direct enterprise field sales through a network of offices in 30+ countries across Europe, the Americas, and Asia Pacific, supplemented by channel partners in select markets such as Mexico and Egypt. Revenue is generated through one-time equipment sales complemented by recurring aftermarket streams — spare parts, repairs, retrofits, upgrades, and maintenance contracts — supported by customer-facing Productivity Centers in Fellbach, Germany and other locations for process testing and scale-up.

IPCO traces its origins to 1901 as part of Sandvik and was established as a stand-alone company in 2017. In 2025 it acquired New Era Converting, a New Jersey-based web converting equipment manufacturer, extending its capabilities in coating, laminating, embossing, and calendering. The company employs 650+ people globally and is privately held, with Robert Hermans serving as CEO. Revenue figures are not publicly disclosed.

Name

IPCO

Legal name

IPCO AB

Website

https://ipco.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

IPCO is a Sweden-based industrial equipment manufacturer of steel belts, double belt presses, rotoform pastillation systems, and scattering/film-casting systems. It serves enterprise manufacturers in batteries, automotive, aerospace, chemicals, and energy through direct global sales and aftermarket services.

Ownership category

akta.pro rank

Product category

Industrial Processing Equipment

NAICS

Rubber and Plastics Hoses and Belting Manufacturing (326220), Industrial Machinery Manufacturing (3332), Industrial Machinery Manufacturing (33324)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Industrial Belting (Conveyor, Power Transmission) (IMANALAB)

akta.pro secondary industry

Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH)

Keywords

• Industrial process equipment
• Steel belt conveyors
• Double belt presses
• Pastillation systems
• Battery manufacturing systems

Headquarters

HQ city

Sandviken

HQ country

Sweden

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment sales: Sale of industrial processing equipment including steel belts, double belt presses, rotoform systems, and scattering systems
2. Aftermarket and spare parts: Spare parts, repairs, upgrades, and replacement services for installed equipment
3. Service and support: Installation, maintenance, commissioning, and technical support services
4. Maintenance contracts: Ongoing maintenance contracts and service agreements

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

IPCO manufactures and sells industrial processing equipment built around steel belt technology, including steel belt conveyors, ThermoPress double belt press systems, Rotoform pastillation systems, and scattering systems. The equipment is sold to industrial manufacturers in the automotive, building materials, chemicals, and energy sectors (including battery, fuel cell, and solar production). The company also operates Productivity Centers for customer testing and provides aftermarket service, spare parts, and maintenance contracts for installed equipment.

Product overview

IPCO is an industrial processing solutions company offering a portfolio of steel belt-based manufacturing equipment and systems. The core product line includes steel belts (for conveyors and processing), Rotoform pastillation systems (for pelletizing molten materials), scattering systems (for powder distribution), and thermo double belt presses (for composite and battery material processing). The company also provides specialized battery manufacturing technology for electrode and separator production. IPCO serves industries including automotive, building materials, chemicals, energy (batteries, fuel cells, solar), and general industrial manufacturing through direct equipment sales and global service support.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel belts
• Steel belts conveyor components
• Rotoform pastillation systems
• Scattering systems
• Thermo double belt presses
• Battery manufacturing technology
• Productivity Centers

Quantifiable outcome

• ±10 µm steel belt thickness tolerance ensures consistent high-quality production
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• New Era Converting (acquired 2025)coreTechnology or Integration · 1 January 2025Acquisition of New Era Converting, a New Jersey-based web converting equipment manufacturer specializing in coating, laminating, embossing, and calendering. This expanded IPCO's capabilities in battery production systems, combining roll-to-roll processing with double belt pressing systems for fully integrated continuous manufacturing workflows.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• GEA Group: German process engineering company supplying equipment for food, dairy, chemicals, and pharma. Competes with IPCO in pastillation and continuous processing for similar end-markets.
• Sandvik: Swedish engineering conglomerate and IPCO's former parent (pre-2017 spin-off). Sandvik still operates in materials technology and adjacent industrial process solutions, making it a broad incumbent with overlapping DNA and historical ties.
• Bühler Group: Swiss-based process technologies provider for food, feed, and advanced materials. Overlaps with IPCO in continuous processing equipment, particularly for food, chemicals, and advanced material applications.
• Andritz: Austrian industrial process equipment supplier serving pulp/paper, metals, and separation; comparable in scale, engineering capability, and similar continuous-process equipment procurement paths as IPCO.
• Illinois Tool Works (ITW): US diversified industrial manufacturer with multiple process equipment businesses. Overlaps with IPCO through specialty equipment, automotive, and energy end-markets though not a direct competitor in steel belts.
• Hosokawa Micron: Japanese-headquartered process equipment vendor for powders, particles, and films. Overlaps with IPCO in pastillation, scattering, and continuous processing for chemicals and battery materials.
• Voith: German engineering group active in paper, energy, drive systems, and industrial services. Comparable as a large industrial process equipment conglomerate with overlapping B2B engineering and project-sale DNA.

Direct peers

• Berndorf Band Group: Austrian-headquartered global manufacturer of steel belts and conveyor systems, the closest direct peer to IPCO's core steel belt and double belt press business, serving similar process industries worldwide.
• Belt Technologies (formerly Belt Technology): US-based manufacturer of metal belts and conveyor systems serving industrial processing applications — a direct peer in steel belt technology used in similar continuous processing workflows.

Emerging players

• Lafer: Italian-based equipment manufacturer with comparable continuous processing machines and finishing lines for textiles, films, and composites — an adjacent emerging player in similar process technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/ipcoab
• Facebookfacebook.com/ipcoab
• LinkedInse.linkedin.com/company/ipco-ab
• Instagraminstagram.com/ipcoab

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 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 IPCO