ScandiNova

What ScandiNova does

ScandiNova Systems AB is a Swedish developer and manufacturer of high-voltage pulsed power systems and RF amplifiers, headquartered in Uppsala and founded in 2001. The company serves three primary vertical markets: medtech/healthcare (notably medical imaging diagnostics), scientific research (including high-energy physics and particle accelerators), and industrial applications (including radar systems and manufacturing processes). Its core technology centers on high-voltage pulsed power systems, with adjacent RF amplifier and power supply capabilities expanded through the 2023 acquisitions of Finland-based IECO (majority stake, April 2023) and UK-based Microwave Amps (full acquisition, June 2023). These acquisitions extend ScandiNova's offering from a single-product pulsed power specialist toward an integrated RF systems provider across medtech, scientific, and industrial segments.

The company operates a B2B capital equipment model selling engineered subsystems into customers with long qualification cycles, though pricing and contract structures are not publicly disclosed. Headcount of 51-100 employees indicates a focused specialist organization rather than a scaled platform business. The company has raised approximately $11M in cumulative disclosed funding across four rounds from 2005 to 2014, all from SEB Venture Capital, with no further funding disclosed despite the 2023 acquisition activity — implying the acquisitions were funded from operating cash flow or undisclosed capital. Geographic presence spans Sweden, Finland, and the United Kingdom, with no disclosed markets outside Europe. Leadership includes CEO Osamu Yushiro, co-founder David Woodburn, COO Helena Åsbrink, and CFO Richard Hallström.

The business model is enterprise sales of high-mix, low-volume engineered pulsed power subsystems, with customer concentration likely concentrated in a small set of medical imaging OEMs, research institutions, and industrial system integrators. The combined entity following the IECO and Microwave Amps acquisitions competes in a narrow global niche against a limited set of specialized power electronics vendors, with the acquisition strategy aimed at both broadening the product portfolio and deepening share within existing medtech accounts.

Name

ScandiNova

Legal name

ScandiNova Systems AB

Website

https://scandinovasystems.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

ScandiNova Systems AB is a Swedish designer and manufacturer of high-voltage pulsed power systems and RF amplifiers serving medical imaging, scientific research, and industrial customers. Following 2023 acquisitions of IECO (Finland) and Microwave Amps (UK), the company offers integrated RF systems across its three vertical markets.

Ownership category

akta.pro rank

Product category

Pulsed Power Systems

NAICS

Electrical Equipment Manufacturing (3353), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Power, Distribution, and Specialty Transformer Manufacturing (335311)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Power, Distribution & Specialty Transformers (3612), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

akta.pro secondary industries

Microwave & RF Signal Chain ICs (Mixers/Detectors/Attenuators) (HDAHAMAL), Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters) (IMAGAAAG)

Keywords

• Pulsed power systems
• High-voltage power systems
• RF amplifiers
• Power amplifiers
• Medical imaging equipment

Headquarters

HQ city

Uppsala

HQ country

Sweden

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Core offering

ScandiNova develops and manufactures high-voltage pulsed power systems and RF amplifiers for demanding applications. Its portfolio includes core pulsed power systems and products added through the acquisitions of IECO (power amplifiers and power supplies) and Microwave Amps (RF amplifiers). These solutions are sold to customers in medical imaging, scientific research (including high-energy physics and particle accelerators), and industrial markets such as radar and manufacturing.

Product overview

ScandiNova is a Swedish provider of high-voltage pulsed power systems, operating as a single-product focused company with core offerings in RF systems. The company has expanded its portfolio through two strategic acquisitions in 2023: IECO (Finnish power amplifiers and power supplies) and Microwave Amps (UK-based RF amplifiers), integrating these products into its RF systems ecosystem to serve medtech, scientific, and industrial markets.

Differentiator

Problem solved

Functional benefit

Products and services

• High-Voltage Pulsed Power Systems Core product line providing high-voltage pulsed power systems serving medtech, scientific research, and industrial markets.
• Microwave Amps RF Amplifiers RF amplifiers for pulsed power systems applications, integrated into ScandiNova's RF systems portfolio for medtech, industry, science, high-energy physics, radar, and industrial applications.
• IECO Power Amplifiers and Power Supplies Power amplifiers and power supplies for healthcare, scientific, and industrial markets, supporting applications such as medical imaging.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Microwave AmpscoreStrategic or Co-development Partner · 2 June 2023ScandiNova acquired UK-based Microwave Amps, a producer of RF amplifiers, to expand its RF product offerings and strengthen its position in high-end pulsed power systems. The acquisition enhances the company's portfolio in medtech, industry, and science, with Microwave Amps' products integrated into ScandiNova's RF systems.
• IECOcoreStrategic or Co-development Partner · 4 April 2023ScandiNova acquired a majority stake in Finnish company IECO, a producer of power amplifiers and power supplies. The acquisition aims to expand product offerings, technology, and expertise to meet increased customer demand, particularly in medical imaging. This is part of ScandiNova's strategic plan to grow its presence in medtech, scientific, and industrial markets.

Recent moves4 records

Expansion highlights4 records

Direct peers

• Advanced Energy Industries: Global precision power and RF power conversion supplier serving semiconductor, medical, and industrial customers. Directly comparable to ScandiNova through its RF/pulsed power portfolio used in medical imaging and industrial plasma applications.
• Communications & Power Industries (CPI): Produces pulsed power, RF generators, and high-voltage components for medical, defense, and scientific markets. Directly competes with ScandiNova in medical imaging and high-energy physics accelerator subsystems.
• HiTek Power (a Brand of XP Power): Specializes in high-voltage and pulsed power supplies for medical, scientific, and industrial OEMs. Directly competes with ScandiNova's pulsed power and high-voltage product lines in Europe.
• Matsusada Precision: Japanese manufacturer of high-voltage and pulsed power supplies for medical, scientific, and industrial applications. Comparable niche specialist competing with ScandiNova in OEM medical imaging and research equipment.
• Spellman High Voltage Electronics: Leading manufacturer of high-voltage DC and pulsed power supplies for medical imaging, security, and scientific applications. Closest direct competitor to ScandiNova's high-voltage pulsed power systems business, serving the same MRI and accelerator customers.
• Teledyne e2v (formerly e2v): Supplies RF power, magnetrons, and pulsed power subsystems for medical radiotherapy, semiconductor, and scientific end-markets. Comparable to ScandiNova across both RF amplifier and high-voltage pulsed power domains.
• Diversified Technologies Inc. US-based designer of high-voltage pulsed power systems for defense, medical, and research applications. Niche competitor with a similar technology profile and customer set as ScandiNova.

Regional players

• Analogic Corporation: Provider of precision power subsystems, RF amplifiers, and high-voltage components for medical imaging and security applications. Comparable product set to ScandiNova though Analogic's center of gravity is North America.

Broad incumbents

• Excelitas Technologies: Broad photonics and electronics manufacturer with RF power and pulsed modulator products serving medical, scientific, and industrial customers. Overlaps with ScandiNova in pulsed power but operates a much wider product portfolio.
• TDK-Lambda: Large global supplier of AC-DC and DC-DC power supplies including high-voltage modules used in medical and industrial equipment. Overlaps with ScandiNova's power supply business at a much broader scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/scandinova-233515916745970
• LinkedInlinkedin.com/company/2046736

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors1 record

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

M&A2 records

Investments

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

Frequently asked questions about ScandiNova