What Volati does

Volati is a Swedish industrial holding company founded in 2003 and listed on Nasdaq Stockholm (ticker VOLATI) since November 2016. It acquires well-managed, profitable companies with leading market positions and strong cash flows, then develops them under long-term ownership across five business areas: Communication, Corroventa, Ettiketto Group, S:t Eriks Group, and Tornum Group. The portfolio spans grain handling systems, labelling solutions, infrastructure and paving products, water damage restoration equipment, and — following the 2022 MAFI Group acquisition — mounting solutions for telecom equipment and solar panels. Salix Group (formerly Lomond Industrier), a platform for building and industry-related products, was separately listed on Nasdaq Stockholm in 2026.

The company operates on a platform-plus-add-ons model: it forms platforms through strategic acquisitions (Tornum 2004, Ettiketto 2011, Salix 2015) and then executes disciplined bolt-on acquisitions (Ettiketto completed five add-ons between 2020 and 2022; Gunnar Eiklid 2022; MAFI Group 2022; Trejon 2023). Products are predominantly physical industrial goods distributed through subsidiary-owned sales organizations across approximately 18-20 countries. Volati operates a decentralized model in which subsidiaries retain entrepreneurial autonomy while benefiting from group capital and acquisition expertise.

For FY2025, Volati reported net sales of SEK 4,336 million, EBITA of SEK 303 million (down 23% year-over-year), and ROE of 20%, with approximately 1,700-2,400 employees. Revenue is generated through the sale of products and services by operating subsidiaries; pricing is set at the subsidiary level and is not disclosed at the group level. The go-to-market is sales-led B2B distribution targeting enterprise customers in agriculture, construction, infrastructure, telecom, and industrial segments. CEO Andreas Stenbäck and Founder/Chairman Patrik Wahlén lead the company, with Charlotta Nyberg appointed CFO in October 2025 from Permobil.

Name

Volati

Legal name

Volati AB

Website

https://volati.se

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Volati is a Swedish public industrial holding company that acquires and develops profitable, market-leading niche industrial businesses across five business areas and ~20 countries, generating SEK 4.3B in FY2025 net sales.

Ownership category

akta.pro rank

Product category

Industrial Holding Company / Conglomerate Manufacturing

NAICS

Industrial Gas Manufacturing (32512), Bolt, Nut, Screw, Rivet, and Washer Manufacturing (332722), Pump and Compressor Manufacturing (33391), Refrigeration Equipment and Supplies Merchant Wholesalers (423740), Other Metal Valve and Pipe Fitting Manufacturing (332919)

SIC

Miscellaneous Chemical Products (2890), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

Coal Marketing & Trading (IMAKAIAK)

akta.pro secondary industries

Industrial Gases (Compressed/Cryogenic) Bulk Transport (TLADALAE), Lubricants, Fluids & Chemical Products Distribution (Oils, Coolants, AdBlue/DEF, Cleaners) (TLAKAOAL)

Keywords

• Industrial holding company
• Acquisition and development
• Business area portfolio
• Industrial manufacturing
• Building materials distribution

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Operations: Volati operates as an industrial group generating revenue through its portfolio of subsidiary companies across multiple business areas including Communication, Corroventa, Ettiketto, S:t Eriks, and Tornum. Revenue is generated from the sale of products and services by these operating subsidiaries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Volati is a Swedish industrial holding group that acquires and develops well-managed, profitable medium-sized companies with leading market positions and strong cash flows. The group operates five business areas — Communication, Corroventa, Ettiketto, S:t Eriks, and Tornum — plus the Salix Group platform, selling industrial products such as grain drying systems, labelling solutions, dehumidification equipment, paving stones, building materials, telecom/solar mounting hardware, and related supplies primarily to B2B customers.

Product overview

Volati is a Swedish industrial group organized as a platform-plus-modules architecture, consisting of five core business areas (Communication, Corroventa, Ettiketto Group, S:t Eriks Group, and Tornum Group) plus platform units like Salix Group. The portfolio includes acquired brands such as MAFI Group (mounting solutions for telecom and solar panels), Gunnar Eiklid (lock and fixture products), Trejon Försäljnings (forestry/agriculture machinery), and T-Emballage (packaging solutions). Each business area operates semi-autonomously while benefiting from shared resources, capital, and Volati's long-term ownership approach.

Differentiator

Problem solved

Functional benefit

Brands

• Communication: Business area focused on communication infrastructure solutions
• Corroventa
• Ettiketto Group
• S:t Eriks Group
• Tornum Group
• Salix Group

Products and services

• Tornum Group Grain handling, drying, storage, and processing systems for agriculture and industry; considered Europe's largest dryer supplier within grain systems.
• Corroventa Dehumidification, water damage restoration, flood damage, fire damage, crawl space encapsulation, and radon mitigation equipment for professional and industrial customers.
• Ettiketto Group

Quantifiable outcome

• Tornum tripled sales between 2004 and 2008 following acquisition
• +1 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lifco AB: Swedish serial acquirer focused on acquiring and developing market-leading niche industrial businesses with proven business models and strong cash flows, following an almost identical decentralized buy-and-build playbook to Volati.
• Lagercrantz Group: Swedish technology trading group that builds value through a decentralized model of acquiring and developing niche technology businesses, sharing Volati's emphasis on entrepreneurial culture preservation and platform add-ons.
• Addtech AB: Swedish industrial technology distributor that grows via acquisition of niche technical solutions businesses; comparable in decentralized governance, recurring revenue focus, and disciplined acquisition model.
• Indutrade AB: Swedish industrial technology group operating a decentralized platform of more than 200 subsidiaries, with the same sales-led, acquisition-driven growth philosophy as Volati across industrial niches.
• Storskogen Group AB: Swedish industrial group that acquires and develops well-managed, profitable SMEs across multiple verticals, with comparable multi-segment structure and M&A-led expansion strategy.
• XANO Industri AB: Swedish industrial holding that acquires and develops niche industrial businesses across multiple sectors; closely comparable to Volati in size, decentralized model, and buy-and-build approach.

Broad incumbents

• Investor AB: Sweden's largest industrial holding company with a broad diversified portfolio; comparable in holding-company structure and Nordic industrial focus, but materially larger and more diversified than Volati.
• Industrivärden: Swedish listed industrial holding company with significant positions in major Nordic industrials; comparable as a Stockholm-listed industrial investment vehicle, though at a much larger scale.
• Latour AB: Swedish mixed industrial and investment company with both operating businesses and a listed equities portfolio; overlaps with Volati in the industrial holdings segment at a larger scale.

Emerging players

• Hexatronic Group AB: Swedish telecom infrastructure specialist whose fiber and broadband solutions overlap with Volati's MAFI Group telecom-mounting business, providing a partial functional peer for that segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/volati-ab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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

M&A9 records

Investments

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

Frequently asked questions about Volati