VEA

What VEA does

VEÅ AB, headquartered in Sävsjö, Sweden, is an industrial manufacturer of steam and hot-water boilers, hybrid boilers, feedwater tanks, economizers, and other heat-loaded pressure vessels, with unit capacities ranging from 750 kW to 30 MW. Founded in 1936 and operating as a wholly-owned subsidiary of NIBE Industrier AB since May 2020, the company designs and builds custom-engineered boiler systems using fire-tube (UNIVEX P/DP), hot-water (HV/HVV/HVP), water-tube, hybrid, and electric architectures, with fuel flexibility across pellets, oil, gas, exhaust gas, and electric heating. VEÅ holds ISO 9001, ISO 14001, ISO 3834-2, and EN 1090-1 certifications covering quality, environmental, welding, and structural-steel manufacturing, and operates its own fabrication workshop adjacent to the engineering office in Sävsjö. In 2025, the company integrated Turboflame (burner systems, January) and merged Osby Parca AB (November) into the parent, vertically extending into combustion technology and expanding manufacturing capacity.

VEÅ generates revenue through three streams: (1) one-time capital-equipment sales of custom-engineered boilers and pressure vessels to industrial and utility customers in Sweden and the Nordics, with pricing handled on a project-by-project quote basis (no public price list); (2) rental of a portable boiler fleet (Hyrpannor) for temporary, standby, or commissioning needs, with units delivering up to 44 tonnes of steam per hour; and (3) aftermarket services including repairs, conversions/modernizations (ombyggnationer), spare parts, and 5-year service agreements covering service and wear components. Customer concentration spans sawmills (SCA, Södra, Martinssons, Siljan Timber), food and beverage manufacturers (Arla Foods, Orkla Foods, Kopparbergs Bryggeri, Kiviks Musteri), district heating utilities (E.ON, Göteborg Energi, Kraftringen, Kalmar Energi Värme, Varberg Energi, Skövde Energi), metals (Outokumpu), pulp and paper (BillerudKorsnäs), industrial laundries, and Norwegian energy and textile customers served through Stenor AS.

The go-to-market combines direct enterprise field sales from Sävsjö with a network of channel partners and engineering integrators that specify VEÅ equipment into customer projects: Stenor AS handles Norwegian distribution; VUAB AB, Jernforsen Energy, and Saxwerk AB integrate VEÅ boilers into turnkey energy systems for end customers in food, district heating, and sawmill segments; and IPAR provides boiler control and automation. Marketing is primarily content-driven via the corporate website (vea.se), supplemented by referrals from engineering consultants and repeat-order relationships. The company reports no public revenue figures and operates as a private Swedish aktiebolag (556135-7988) within the NIBE Group structure.

Name

VEA

Legal name

VEÅ AB

Website

https://vea.se

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

VEÅ AB is a Swedish custom-engineered boiler manufacturer designing and producing steam and hot-water boilers, hybrid boilers, feedwater tanks, and pressure vessels up to 30 MW for industrial customers and district-heating utilities across Sweden and the Nordics, operating as a wholly-owned subsidiary of NIBE Industri.

Ownership category

akta.pro rank

Product category

Industrial Boilers and Pressure Vessels

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Fabricated Plate Work (Boiler Shops) (3443), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430)

akta.pro primary industry

Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF)

akta.pro secondary industries

Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK), Chillers, Boilers & Central Plant Operations (BPABACAG)

Keywords

• Industrial boilers
• Steam boilers
• Hot water boilers
• Pressure vessels
• Boiler manufacturer

Headquarters

HQ city

Sävsjö

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Boiler Manufacturing and Sales: VEÅ designs, manufactures, and sells custom-engineered steam and hot water boilers and pressure vessels to industrial customers. Products range from standard units to highly bespoke systems with capacities up to 30 MW. Revenue is generated through one-time capital equipment sales with installation and commissioning services.
2. Rental / Hire of Portable Boilers (Hyrpannor): VEÅ maintains a fleet of rental boilers available for short-term deployment at customer sites. The rental fleet includes units delivering up to 44 tonnes of steam per hour. Rental revenue supplements capital equipment sales and provides recurring engagement with customers during plant stops or emergency situations.
3. Aftermarket Services (Eftermarknad): Post-sale services including service and repairs, conversions/modernizations (ombyggnationer), and spare parts (reservdelar) supply. VEÅ also offers 5-year service agreements covering service and wear components, creating a recurring service revenue stream.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

VEÅ AB designs, manufactures, and installs custom-engineered industrial steam and hot water boilers, hybrid boilers, feedwater tanks, economizers, and other pressure vessels, with unit capacities up to 30 MW. The company also operates a rental fleet of portable boilers and provides aftermarket service, conversions, and spare parts across Sweden and Norway.

Product overview

VEÅ AB is a Swedish industrial boiler manufacturer specializing in steam and hot water boilers with capacity up to 30 MW. The company's core product portfolio includes fire tube boilers (Eldrörspanna), water tube boilers (Vattenrörspanna), hybrid boilers (Hybridpanna), electric boilers (Elpannor), and accessory products such as feed water tanks, economizers, and other pressure vessels (Matarvattentank/Ekonomiser, Övriga tryckkärl). VEÅ also offers rental boilers (Hyrpannor) for temporary needs. The company designs and manufactures heat-loaded pressure vessels and steam systems, serving industrial clients across Sweden and internationally. VEÅ operates as part of the NIBE Group following its acquisition in 2020.

Differentiator

Problem solved

Functional benefit

Products and services

• Eldrörspanna (Fire Tube Boiler) Fire tube steam and hot water boilers for industrial heating, including the UNIVEX P/DP series for capacities from 750 kW to 15+ MW. Designed for pellets, gas, oil, and bio-fuel operation.
• Vattenrörspanna (Water Tube Boiler) Water tube boiler for higher pressure and capacity industrial applications.
• Hybridpanna (Hybrid Boiler) Hybrid boiler systems combining multiple fuel sources or heating technologies in a single unit for flexible industrial applications.
• Elpannor och elkassetter (Electric Boilers and Electric Cassettes) Electric boilers and electric cassette units for industrial applications requiring electric heating solutions.
• Matarvattentank / Ekonomiser (Feed Water Tank / Economizer) Feed water tanks and economizers sold as standalone units that improve boiler efficiency by preheating feed water using waste heat from flue gases.
• Övriga tryckkärl (Other Pressure Vessels) Custom pressure vessels for industrial applications, complementing the core boiler product line.
• Hyrpannor (Rental Boilers) Rental fleet of portable/transportable boilers available for short-term deployment at customer sites during plant stops, maintenance, or emergencies. Includes units delivering up to 44 tonnes of steam/hour at 25 bar.
• Eftermarknad (Aftermarket Services) Post-sale services including service and repairs, conversions/modernizations, and spare parts supply, with 5-year service agreements covering service and wear components.

Quantifiable outcome

• Boiler capacity range from 750 kW to 30 MW per unit, covering a wide spectrum of industrial heat requirements

Named customers23 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• Osby Parca ABcoreStrategic or Co-development Partner · 1 November 2025VEÅ AB and Osby Parca AB merged into a single company on 1 November 2025. Osby Parca was a related company operating in a similar product space, now fully integrated under the VEÅ AB umbrella, strengthening VEÅ's market position and product capabilities.
• TurboflamecoreStrategic or Co-development Partner · 1 January 2025Turboflame became part of VEÅ on 1 January 2025. Turboflame is an affiliated company now operating within the VEÅ group, expanding VEÅ's product and service capabilities.
• Stenor AScoreChannel Partner/ Reseller/ DistributorStenor AS is VEÅ's Norwegian distributor, handling the resale of VEÅ boilers to Norwegian industrial and energy customers. Multiple Nor Tekstil orders cite Stenor AS as the ordering intermediary for Norwegian deliveries. The partnership has generated repeated orders across multiple Nor Tekstil facilities in Norway (Drammen, Skien, Lier, Stavanger) and other Norwegian customers.
• VUAB AB (Ventilationsutveckling)coreChannel Partner/ Reseller/ DistributorVUAB AB, based in Jönköping, is a long-standing channel partner that specifies and resells VEÅ boilers in customer projects across Sweden. The partnership has generated dozens of orders including deliveries to Sterisol, Fipros AB, Fraimans Tvätteri, Kemiska Tvätten, Vithalatvätten, KOBIA AB, Quibbla Halal, Vaggeryds Chark, and others.
• Jernforsen Energy ABcoreChannel Partner/ Reseller/ DistributorJernforsen Energy AB, based in Halmstad, integrates VEÅ boilers into complete energy system solutions for sawmills, district heating, and industrial applications. Notable projects include deliveries to E.ON Arninge, VIDA Alvesta, JG Anderssons Söner, AB Högland Såg & Hyvleri, and others. The partnership has been active since at least 2014.
• Saxwerk ABcoreChannel Partner/ Reseller/ DistributorSaxwerk AB integrates VEÅ hot water boilers into complete energy systems for Swedish sawmills. Notable projects include 15 MW installations for SCA Gällö Timber, Siljan Timber (Mora), Hedlunds Timber (Furudal), and Martinssons Såg (Bygdsiljum). VEÅ and Saxwerk have also collaborated in a consortium delivering a complete 8 MW wood-chip fired steam plant to Arla Visby.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Babcock & Wilcox: Global power boiler OEM with capabilities in utility-scale and industrial steam generation, including biomass conversions. Competes with VEÅ on retrofit, modernization and biomass conversion projects at large Nordic utility customers.
• Cleaver-Brooks: Major North American manufacturer of industrial fire-tube and water-tube boilers and boiler rooms. Comparable in product categories (steam and hot water boilers) and industrial customer base, though geographic focus differs from VEÅ's Nordic footprint.
• Fulton Boiler Works Inc. Manufacturer of industrial steam boilers, including fire-tube and heat recovery solutions. Comparable in product category and customer use cases (industrial process steam), though VEÅ's biomass and high-MW capability differentiates the offering.
• ANDRITZ Energy & Environment: Global supplier of biomass-fired boiler plants and flue gas cleaning systems for power and district heating. Overlaps with VEÅ on bio-fuel boiler deliveries to utilities such as those served by VEÅ (E.ON, Kraftringen), but at materially larger scale and project scope.
• Bosch Industriekessel GmbH: Large German industrial boiler manufacturer offering fire-tube, water-tube and heat recovery steam generators across a broader capacity range and global footprint. Competes with VEÅ on multi-MW industrial and utility tenders where Bosch's scale and brand carry weight.
• Viessmann Werke GmbH & Co. KG: German heating systems manufacturer with broad portfolio spanning residential to industrial boilers and heat pumps. Overlaps with VEÅ on commercial and industrial boiler segments and increasingly on biomass and hybrid heating solutions for utilities and industry.

Direct peers

• Triathlon AB: Swedish manufacturer of biomass-fired boilers and complete heating plants for district heating and industry. Direct head-to-head competitor in the same Nordic industrial and district heating boiler market served by VEÅ, with overlapping customer base among Swedish utilities and sawmills.
• Energiteknik i Anderstorp AB: Swedish supplier of industrial biomass boilers and heating systems for district heating and industrial process heat. Closely comparable product portfolio and customer segment (sawmills, municipalities, food processing), competing with VEÅ for similar mid-size Swedish projects.

Emerging players

• Miura America Co., Ltd. Industrial on-demand steam boiler manufacturer with a compact, modular product concept. Comparable on industrial steam generation for food, laundry and chemical processing customers similar to Arla, Orkla and Nor Tekstil, but with a different delivery model.
• Clayton Industries: Industrial steam generator manufacturer with rapid-startup, small-footprint boilers used in food processing, breweries and laundries. Overlaps with VEÅ on brewery, food and laundry customers (Kopparbergs Bryggeri, Kiviks Musteri, Västervikstvätten) on smaller-capacity tenders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

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 VEA