Pamica AB

Name

Pamica AB

Legal name

Pamica Group AB

Website

https://www.pamica.se

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Halmstad

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Dividends and capital gains from portfolio companies: Pamica Group acquires small and medium-sized companies, develops them together with successful entrepreneurs, and holds them long-term. Revenue is generated through dividends from operating subsidiaries and capital gains upon eventual exits, with a focus on organic growth and add-on acquisitions across a long-term ownership horizon. The group operates with high growth ambitions through organic growth, add-on acquisitions, and increasing the number of portfolio companies.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Pamica is an industrial and service holding company that acquires and develops small and medium-sized niche companies with technology solutions, services and proprietary products. The group operates 16 Swedish business groups across sectors such as fiber optics, coffee services, telecom, defense, textiles, relocation, electronics, LED displays and creative materials, providing capital, central support in business development, financial management, transactions and sustainability to its subsidiaries while each company maintains decentralized management and its own board.

Product overview

Pamica AB operates as an industrial and service holding company with a multi-brand portfolio structure. The company acquires small and medium-sized niche companies with technology solutions, services, and proprietary products, and develops them together with successful entrepreneurs. The portfolio includes 16 business groups operating across diverse sectors: workplace services (Beans in Cup coffee service), fiber optics (Micropol Fiberoptic), safety equipment (STAPP bullet traps), telecom (Sappa), fire protection (Cupola), house services (Husvård Group), horticulture packaging (VEFI), textiles (Artex), creative agencies (People People People network), materials technology (Delta of Sweden), outdoor recreation (Waboba), environmental technology (Logiwaste), relocation services (Alfa Mobility, Freys Express), robotics (Eskilstuna Dynamics), electronics (Alltronic), LED displays (IM Vision), and manufacturing (SKAB-Gruppen). The company follows a decentralized leadership model where each acquired company maintains its own management and board while benefiting from Pamica's industrial network, capital, and business development support.

Differentiator

Problem solved

Functional benefit

Products and services

• Pamica Group Industrial Holding Industrial and service holding company that acquires and develops small and medium-sized niche companies, providing capital, a 12-step business development model, and central support in business development, financial management, transactions and sustainability across 16 business groups. Targeted at family-owned or founder-led SMBs looking for a long-term industrial owner.
• Micropol Fiberoptic Communication Systems Fiber optic communication products, sensor systems and optical cable systems for telecom, industrial, medical, military and demanding-environment applications including defense field tactical communication (e.g., for FMV and BAE Systems Hägglunds CV90 vehicles). Micropol's proprietary micro-polishing technique delivers lower reflections and losses and higher data speeds than competitors.
• Beans in Cup Workplace Coffee Services Provides coffee machines, coffee and service to workplaces from approximately 20+ locations across Sweden (Kiruna to Malmö), serving business customers with coffee and refreshment solutions.
• Sappa TV, Broadband and Telephone Services Provides TV, broadband and telephone services to approximately 400,000 households in Sweden via coax cable, fiber and IPTV, including digital and analog TV, broadband and telephony subscriptions.
• STAPP Bullet Trap and Shooting Range Solutions Manufactures and sells environmentally friendly and safe bullet traps and complete shooting range solutions for shooting clubs, police and military; now integrated with Eskilstuna Dynamics (EDAB) for combined hardware and target-system offerings.
• Alfa Mobility Global Relocation Services Nordic market-leading provider of global relocation services covering Immigration, Relocation and Move services; serves public organizations, international companies and individuals across nine Nordic locations and 150 countries via certified partners.
• Freys Express Office Moving Services Provides office moving services and logistics for B2B customers in Sweden with 280 employees across seven offices, 50 owned trucks and access to 11,000 m² of warehouse space.
• Artex Textile Manufacturing and Seating Solutions Sweden's largest sewing industry with 350 employees across four units; cuts, sews and upholsters fabrics, leather and other soft materials for seating in cars, buses, trains, trams, aircraft, offices, cinemas and hotels, including reupholstery services.
• Logiwaste Automated Waste Collection Systems (sopsug) Develops and builds systems for automatic waste and laundry collection using pneumatic waste collection (sopsug) for hospitals, residential areas, office properties and other commercial operations; ISO 9001, ISO 14001 and ISO 45001 certified.
• Alltronic Custom Electronics and Circuit Boards Designs and produces customized electronics, primarily circuit boards, for automotive, industrial, real estate, marine and healthcare sector customers in Sweden.
• Waboba Outdoor Games and Play Products Develops and sells innovative outdoor games and play products, including the iconic Waboba Water Bounce Ball and a broad portfolio of patented items, distributed in over 70 countries.
• SKAB-Gruppen Custom Cabinet and Special Vehicle Manufacturing Leading Scandinavian manufacturer producing custom cabinets and special-purpose vehicles (ambulances, etc.) with units in Ätran, Laholm, Mönsterås (Sweden) and Norway; approximately 300 employees.

Quantifiable outcome

• Q1 2026: Net sales increased 7% to MSEK 1,267.0 with organic growth of 10.5%.
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• MTA Bygg & Anläggning Halland ABminorOthers · 1 April 2025MTA Bygg & Anläggning Halland AB is the contractor for Micropol Fiberoptic's new 4,600 m² production facility and office building along E6 in Halmstad. HF 2 AB is the landlord. Construction started May 2025 with expected completion end of 2026.
• BAE Systems HägglundscoreChannel Partner/ Reseller/ Distributor · 1 October 2024Micropol Fiberoptic (a Pamica portfolio company) has a long-standing partnership with BAE Systems Hägglunds for delivery of tactical fiber optic communication systems for CV90 combat vehicles. The partnership includes deliveries to new and upgraded CV90 vehicles for Sweden and four other European customers, with deliveries through 2032. The order adds significant production volume to existing contracts. BAE Systems Hägglunds serves as a key customer and channel through which Micropol's products reach multiple European defense customers.
• Försvarets Materielverk (FMV)coreChannel Partner/ Reseller/ Distributor · 1 February 2023Micropol Fiberoptic holds a framework agreement with the Swedish Defence Material Administration (FMV) for field tactical fiber optic communication systems and accessories. The framework agreement (signed February 2023) has a total contract value of MSEK 178 (approximately 15.4 MEUR), with a significant additional order of 69 MSEK placed in 2024. FMV procures equipment for the Swedish Armed Forces and is Micropol's primary defense customer in Sweden.

Scale indicators8 records

Recent moves6 records

Direct peers

• Storskogen Group: Swedish-listed serial acquirer of small and medium-sized niche businesses across services, industrials and consumer. Closest direct peer: same entrepreneur/succession thesis, decentralized model, Nasdaq Stockholm listing, similar SMB acquisition cadence and Nordic footprint.
• Indutrade: Swedish-listed industrial technology group that acquires and develops profitable niche industrial companies with leading market positions. Highly comparable decentralized acquisition model, longer track record, and focus on industrial/B2B niches similar to Pamica's Micropol, Alltronic, and SKAB-Gruppen segments.
• Lifco: Swedish-listed serial acquirer led by Carl Bennet, focused on dental, industrial and specialty niche businesses with strong margins and leading positions. Comparable long-term hold-and-develop model, decentralized leadership, and proven M&A compounding track record relevant to Pamica's strategy.
• Volati: Swedish-listed industrial holding company that acquires and develops well-managed, profitable SMBs with leading market positions in the Nordics. Direct peer in business model (decade-long hold, decentralized), geography (Nordics) and acquisition cadence, with overlapping verticals in industrial and consumer niches.
• Latour: Swedish-listed investment company controlled by the Douglas family, operating through a wholly-owned industrial business and a listed investment portfolio. Comparable as a long-term Swedish holding vehicle with diversified industrial holdings, though more concentrated and longer-tenured than Pamica.
• Teqnion: Smaller Swedish-listed industrial technology group acquiring profitable niche industrial businesses with leading positions. Direct SMB acquisition peer with industrial-technology bias, though smaller scale than Pamica.
• Ratos: Swedish-listed corporate group owning and developing a diversified portfolio of Nordic SMBs across industrials, consumer and services. Closely comparable decentralized model, Nordic SMB focus and public-market investor base, with longer history and broader industrial mix.

Emerging players

• Sdiptech: Swedish-listed acquirer of niche technology and infrastructure businesses in urban infrastructure. Partial overlap with Pamica's environmental-tech and infrastructure-adjacent holdings such as the former Logiwaste asset, and similar decentralized operating model.

Regional players

• Altor Equity Partners: Nordic private equity firm focused on mid-market companies in the Nordics with a hands-on, sector-specialized approach. Adjacent to Pamica as a Nordic capital provider competing for similar SMB succession and entrepreneur-led transactions, though operating as a fund rather than permanent industrial owner.
• IK Investment Partners: Pan-Nordic private equity firm focused on mid-market Nordic SMB buyouts. Adjacent competitor for entrepreneur-led SMB succession transactions in the Nordics, though structured as a fund rather than a permanent holding company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pamicainvest

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

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

M&A9 records

Investments1 record

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

Frequently asked questions about Pamica AB