What Bastec AB does

Bastec AB is a Swedish building automation vendor founded in 1989 in Malmö, headquartered at Hästvägen 4A with sales offices in Örebro, Uppsala, and Borås. The company develops the proprietary BAS3 (and legacy BAS2) Direct Digital Control (DUC) system used to control, monitor, and optimize heating, cooling, and ventilation in buildings. The architecture is built on independent DUCs with integrated web servers and a free Windows PC client (BAS3 Styr), communicating via Modbus (TCP and RTU, Client and Server modes) and M-Bus for sensor, meter, and third-party integration. The October 2024 launch of the XU16 controller introduced a new hardware generation with higher CPU speed, expanded RAM, 250 built-in Modbus objects, and integrated VPN/Secure Building Gateway.

The business operates four go-to-market motions: a national channel of approximately 100 certified system integrators and resellers across Sweden; an in-house team of about 12 project engineers delivering contracting projects in the Skåne region; an OEM channel embedding BAS3/BAS2 controls in heat exchangers and heat pumps from manufacturers including Törnlinds, CTC/Enertech, Gebwell, KETherm, Polluheat, and Högfors GST; and cloud add-ons (BASTEC Smart, BASTEC Elspot, BASTEC Cirrus) sold to property owners. Revenue streams include hardware unit sales, recurring cloud subscriptions, training courses (1,800–6,000 SEK per person), professional services, and OEM licensing.

Bastec was acquired by Investment AB Latour in July 2014 and became part of Swegon Group, another Latour-owned business area, in June 2023. The company reports annual turnover of approximately USD 6 million, approximately 20 employees, and an AAA credit rating. In 2025 the firm opened its first international partnership with Lenpower Hungary Ltd.

Name

Bastec AB

Legal name

Bastec AB

Website

https://bastec.se

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Bastec AB is a Swedish building automation vendor founded in 1989 that develops the proprietary BAS3/BAS2 Direct Digital Control system for HVAC control in buildings, sold through ~100 certified system integrators in Sweden, OEM heat-pump partners, and in-house contracting in Skåne.

Ownership category

akta.pro rank

Product category

Building Automation Systems

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Building Automation Systems (BAS/BMS) Integration & Controls (BPABAGAA)

akta.pro secondary industries

Controls, Thermostats, Sensors & Building Automation (HVAC Controls) (IMADANAH), Building Automation & Controls (BAS/BMS) Contracting (IMAFALAE)

Keywords

• Building automation systems
• HVAC control systems
• Direct digital controllers
• Property automation software
• Energy optimization platforms

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware DUC and Component Sales: Sale of proprietary DUC hardware (BAS3 XU16, BAS2 XE16-COM, XL13 modules), expansion modules (E16), pre-assembled enclosure cabinets, operator panels, routers, cables, and third-party accessories (sensors, actuators, meters). Products are sold through online ordering (for members/partners), phone, and email. Inventory is maintained in Malmö.
2. BAS3/BAS2 Software and Cloud Services: PC software for BAS3 Styr is free for all users. Revenue is generated from cloud services: BASTEC Smart (free for property owners but VPN traffic fee of ~500 SEK/year per installation; BAS3 connection fee is 0 SEK vs BAS2 connection fee of 2,500 SEK). BASTEC Cirrus and BASTEC Elspot are quote-based services.
3. Professional Services (Training, Contracting): Training courses for users (1,800 SEK/person, 1-day course) and system integrators (6,000 SEK/person, 3-day course). Own contracting projects in the Skåne region through approximately 12 in-house project engineers. Remote support, programming, and configuration services.
4. OEM/White-label Licensing: OEM agreements with heat exchanger and heat pump manufacturers (Törnlinds, CTC/Enertech, Gebwell, KETherm, Polluheat, Högfors GST) where Bastec's control system is pre-installed and pre-configured in their products at the factory. Revenue derived from volume licensing arrangements with these OEM partners.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Bastec AB manufactures and sells the proprietary BAS3 (and legacy BAS2) building automation system for controlling, monitoring, and optimizing heating, cooling, and ventilation (HVAC) in buildings. The offering combines Direct Digital Controller (DUC) hardware with the BAS3 Styr PC software, complemented by cloud services (BASTEC Smart, BASTEC Elspot, BASTEC Cirrus) and is sold as an open, license-free architecture through approximately 100 certified system integrators and resellers across Sweden, with direct contracting projects in the Skåne region and OEM embedding in heat exchanger and heat pump products.

Product overview

Bastec AB offers a comprehensive building automation system portfolio centered on the proprietary BAS3 (and legacy BAS2) platform for controlling, regulating, monitoring, and optimizing heating, cooling, and ventilation in buildings. The core BAS3 system consists of the XU16 DUC (Direct Digital Controller) hardware combined with BAS3 Styr PC software, available as a license-free, open system with no hardware locks. The ecosystem extends through cloud services: BASTEC Smart provides Single Sign-On and unified alarm management for multiple installations; BASTEC Elspot adds dynamic energy price optimization using Nord Pool spot prices; and BASTEC Cirrus delivers AI-powered portfolio-wide energy optimization and analytics. The product portfolio includes modular hardware components (DUCs, expansion modules, enclosures), operator interfaces, communication gateways (Modbus, M-Bus, BACnet, MQTT), networking equipment (4G routers, switches), and complementary sensors and actuators from third-party manufacturers. All products are sold and installed through a nationwide network of certified partners and system integrators, with Bastec also performing direct contracting in the Skåne region. The company provides training courses, free technical support, and 5-year product warranties.

Differentiator

Problem solved

Functional benefit

Brands

• BAS3: Next-generation building automation control system from Bastec, including XU16 DUC hardware, PC software, and accessories.
• BASTEC Smart
• BASTEC Elspot
• BASTEC Cirrus

Products and services

• BAS3 XU16 DUC The flagship Direct Digital Controller (DUC) of the BAS3 system. A compact, self-contained control unit with integrated DIN rail mounting for standard enclosure cabinets, featuring higher CPU speed, expanded RAM, 250 built-in Modbus objects, and built-in VPN/Secure Building Gateway for cloud connectivity. Designed to fully replace the older BAS2 XE16-COM.
• BAS3 Styr PC Software Free Windows-based operator software for configuring, monitoring, and controlling BAS3 systems. Includes graphical dynamic flow diagrams stored in the DUC, multi-window object management, trend log creation, search-and-replace in local project files (.BUP), multi-monitor support, and 100% remote configurability without requiring DUC restarts.
• BASTEC Smart Cloud Service Cloud platform that aggregates multiple BAS2 and BAS3 installations under Single Sign-On (SSO), providing common alarm lists, facility lists with online/offline status, map visualization with status indicators, and centralized user management through secure VPN connectivity.
• BASTEC Elspot Energy Price Service Add-on cloud service that uses Nord Pool 15-minute spot electricity prices as decision-making input to automatically alternate between energy sources (e.g., district heating vs. heat pump), store energy during low-price periods, and shed heavy electrical loads during high-price periods.
• BASTEC Cirrus Portfolio Management Platform Cloud-based platform for managing entire property portfolios. Collects data from all DUCs, sensors, and energy meters across the portfolio. Features AI-based heating curve control, digital twin (3D visualization of substations), alarm management, deviation tracking, event logging, report generation, and integration via MQTT, S7, XMPP, HTTPS, BACnet, Modbus, and KNX protocols.
• BAS2 XE16-COM DUC Compact DUC unit for the legacy BAS2 system with integrated DIN rail mounting. Also available in LT (light) variant with fewer communication ports. Being progressively replaced by BAS3 XU16.
• BAS2 XL13 Modular DUC System Modular rack-based DUC system for larger BAS2 installations with flexible module configuration including CPU, power supply, and digital/analog I/O modules.
• BAS2 E16 Expansion Module Expansion module providing additional analog and digital inputs/outputs. Compatible with both BAS2 XE16 and BAS3 XU16 systems.
• BAS2 Styr PC Software Windows-based operator software for the legacy BAS2 system. Free to download and use for configuration, monitoring, and control of BAS2 installations.
• Training Courses Training courses including a 1-day basic user course (1,800 SEK per person) and a 3-day system integrator course (6,000 SEK per person). Held at Bastec offices in Malmö and Örebro, or on-site for groups.
• BAS2/BAS3 Service Agreements BAS2/BAS3 service agreement that includes free spare parts and/or repairs (acts as extended warranty) plus free access to the latest BAS2/BAS3 software versions. Contact Bastec for pricing. 5-year product warranty on all BAS2/BAS3 products.

Quantifiable outcome

• Energy savings and reduced operational costs are the primary measurable outcomes. Buildings account for 34% of Sweden's total energy use, with heating representing 70% of the building sector's energy consumption.
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability3 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Lenpower Hungary LtdminorChannel Partner/ Reseller/ Distributor · 1 January 2025Bastec's first international partner outside Sweden. Lenpower Hungary Ltd is a certified Bastec partner selling and installing Bastec systems in Hungary. Represents the first step in Bastec's international expansion.
• TörnlindscoreOEM/ Whitelabel/ Licensing PartnerOEM partner that embeds Bastec's BAS3/BAS2 control system pre-mounted and pre-configured in their heat exchangers at the factory. Products are sold through Törnlinds' distribution network.
• CTC/EnertechcoreOEM/ Whitelabel/ Licensing PartnerOEM partner embedding Bastec's BAS3/BAS2 control system in their products at the factory.
• GebwellcoreOEM/ Whitelabel/ Licensing PartnerOEM partner embedding Bastec's BAS3/BAS2 control system in their products at the factory.
• KEThermcoreOEM/ Whitelabel/ Licensing PartnerOEM partner embedding Bastec's BAS3/BAS2 control system in their products at the factory.
• PolluheatcoreOEM/ Whitelabel/ Licensing PartnerOEM partner embedding Bastec's BAS3/BAS2 control system in their products at the factory.
• Högfors GSTcoreOEM/ Whitelabel/ Licensing PartnerOEM partner embedding Bastec's BAS3/BAS2 control system in their products at the factory.
• El-Kretsen (Elkretsen)minorOthersEl-Kretsen is a non-profit certified company (ISO 9001:2015 and ISO 14001:2015) handling the collection, transport, and recycling of electrical equipment in Sweden. Bastec collaborates with El-Kretsen to fulfill its producer responsibility for electrical equipment. Recycling is free for end customers and installers as Bastec has pre-paid all environmental fees.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Regin: Swedish-headquartered provider of building automation controllers, DDC systems, and cloud-based HVAC control software with a comparable open-architecture and Nordic distribution model. Most direct geographic and product overlap with Bastec in Sweden and the Nordics.
• Senticon: Swedish building automation system supplier focused on DDC-based HVAC control for residential and commercial properties. Comparable scale, Swedish market presence, and integrator-channel go-to-market.
• Kiona (now part of Volue): Nordic-headquartered platform for optimizing energy use in buildings, combining building automation with AI-driven energy analytics. Closely comparable to BASTEC Cirrus's portfolio optimization and Elspot-style energy arbitrage positioning.
• Fidelix: Finnish building automation specialist offering DUC hardware, HVAC control software, and cloud-based energy optimization — closely comparable product stack to Bastec's BAS3 plus Cirrus. Operates in the same Nordic geography with similar OEM and integrator channel structure.

Emerging players

• Produal: Finnish manufacturer of HVAC sensors and room controllers integrated into building automation ecosystems. Comparable as a Nordic BAS ecosystem participant and also a third-party sensor supplier to Bastec's catalog.
• Saia Burgess Controls (SBc): Swiss-headquartered provider of programmable DDC controllers and building automation components used by European system integrators. Direct comparable to the XU16 DUC hardware category with similar Modbus and BACnet integration.

Broad incumbents

• Siemens Smart Infrastructure: Major incumbent offering Desigo CC, PXC controllers, and BACnet-based BMS for commercial real estate. Competes with Bastec at the higher end of the Swedish enterprise market where Desigo is often specified.
• Schneider Electric EcoStruxure: Global BMS vendor with EcoStruxure Building Operation and SpaceLogic controllers. Direct overlap in HVAC DDC, energy management, and Modbus/BACnet integration; commonly specified in larger Swedish commercial and industrial builds.
• Honeywell Building Technologies: Global leader in BMS/BAS with the Niagara Framework, Enterprise Buildings Integrator, and a broad HVAC controls portfolio. Comparable in product category (controllers, cloud management, energy optimization) but operates at vastly greater scale and with proprietary architecture versus Bastec's open model.
• ABB Building Solutions: Provides ABB i-bus KNX and BMS offerings for HVAC and energy management. Comparable in control and integration scope; competes in the same Swedish commercial real estate channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bastecbas2
• LinkedInlinkedin.com/company/bastec-ab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Bastec AB