VEI

Name

VEI

Legal name

VEIGROUP SRL

Website

https://veigroup.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Onboard Weighing Systems

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)

SIC

General Industrial Machinery & Equipment (3560), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Telematics Hardware, Sensors & Installation Services (TLABAJAL)

akta.pro secondary industries

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD), Mining & Quarry Haulage Vehicle Manufacturing (Dump Trucks/Haulers) (IMACAFAC), Equipment & Tool Tracking (Powered/Non-Powered) (TLABAJAD)

Keywords

• Onboard weighing systems
• Payload monitoring solutions
• Overload prevention devices
• Weighing data analytics
• Load management software

Headquarters

HQ city

Sandrigo

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Onboard Weighing Systems Hardware and Software: VEI generates revenue through the sale and installation of onboard weighing hardware systems (HelperX, HelperXE, Millennium5, HelperM, Trueload, Traiload) along with associated software for load management. The systems are sold through an authorized dealer network with varying levels of functionality and pricing tiers.
2. Cloud Services (ipotweb.com): Cloud-based payload monitoring and data management subscription services through the ipotweb.com platform for remote site monitoring and job order management.
3. Access Control Solutions (vKiosk): Revenue from intelligent access control systems for loading sites that integrate with loading machines and cloud management.
4. Professional Services and Support: Dealer network provides installation, calibration, and after-sales support services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

VEI designs, manufactures, and sells onboard weighing hardware systems (load sensors, displays, and vehicle-integrated kits) for wheel loaders, excavators, articulated dump trucks, agricultural trailers, trucks and vans, certified in legal metrology. The hardware is paired with the ipotweb.com cloud platform for remote payload monitoring, job order distribution, and digital load documentation, sold primarily through a global authorized dealer network.

Product overview

VEI provides onboard weighing solutions for vehicles and machinery, consisting of a tiered product family and cloud platform. The core products include: HelperX (advanced level), HelperXE (advanced level with CANBUS for excavators), Millennium5 (entry level), and HelperM (limited level). These hardware-based onboard weighing systems integrate with the ipotweb.com cloud platform for data management and remote monitoring. Additional products include vKiosk for access control at loading sites, Load 'n Sign for digital document management, Trueload for truck/van overload prevention, and Traiload for agricultural trailer overload prevention. The product architecture progresses from limited to advanced capability levels, allowing customers to upgrade as their needs grow.

Differentiator

Problem solved

Functional benefit

Brands

• ipotweb.com: Cloud platform for payload monitoring and remote load management
• HelperX
• HelperXE
• Millennium5
• HelperM
• vKiosk
• Load 'n Sign
• Trueload
• Traiload

Products and services

• HelperX Advanced-level onboard weighing system for production, handling, and sales monitoring on wheel loaders and similar machines; certified in legal metrology and supports multitasking across multiple simultaneous loads.
• HelperXE Advanced-level onboard weighing with CANBUS technology designed for excavators, dynamically calculating the position of arms, tools, or containers and the inclination of the machine.
• Millennium5 Entry-level onboard weighing system for production monitoring and optimal loading; simple to use, robust, and certified in legal metrology.
• HelperM Limited-level onboard weighing system for basic load monitoring needs, particularly intra-warehouse or short-distance product movement tracking; communicates with the ipotweb.com cloud via USB stick and is upgradable to higher-tier systems.
• vKiosk Intelligent access control system for loading sites that identifies vehicles, automatically reports information to loading machines, and manages work orders through the ipotweb.com cloud platform.
• Load 'n Sign Digital loading document management system that replaces paper-based records by allowing loading documents to be signed and load logs consulted on smartphones.
• Trueload Overload prevention and weighing system for trucks and vans, positioned as the only reliable system for vehicles with mechanical suspension; immediate, modular, and easy to install.
• Traiload Overload prevention and weighing system for agricultural trailers, designed as a sturdy solution that does not modify the trailer frame and is ideal for trailers with mechanical suspensions.
• ipotweb.com Cloud-based payload monitoring platform that allows loading sites to be monitored remotely from tablets, smartphones, or computers, supporting job order distribution, remote loading management, and data sync across the HelperX, Millennium5, and vKiosk ecosystem.

Quantifiable outcome

• Company reorganized management of work orders, truck traffic, and reduced waiting times after equipping 5 wheel loaders
• +1 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• ipotweb.comcoreTechnology or Integration · 8 April 2019ipotweb.com is VEI's proprietary cloud platform for payload monitoring and remote load management. It serves as the central nervous system for the product ecosystem, enabling job order distribution, loading site monitoring, and data synchronization across devices.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Loadrite (Trimble): Loadrite, now part of Trimble, is the most direct global competitor to VEI, offering onboard weighing systems for wheel loaders, excavators, and articulated dump trucks used in quarrying, mining, and construction — the same core verticals and machines VEI targets.
• Walz Scale: Walz Scale provides onboard weighing systems, payload monitoring, and mining scales for heavy equipment, directly overlapping VEI's HelperX/Millennium5 product set in the North American aggregate and mining markets.
• Air-Weigh: Air-Weigh specializes in onboard weighing for trucks and trailers, directly competing with VEI's Trueload and Traiload product lines in logistics, refuse, and agricultural trailer applications.
• RAVAS: RAVAS is a European-headquartered mobile weighing specialist covering forklifts, pallet trucks, and warehouse weighing — adjacent to VEI's material-handling use cases with overlapping dealer and industrial-customer channels.
• Intercomp: Intercomp manufactures industrial and on-board weighing systems for mining, agriculture, and transportation, directly competing with VEI in payload monitoring for heavy equipment and trucks.

Broad incumbents

• Caterpillar Production Measurement: Caterpillar offers factory-integrated payload and production measurement systems on its own mining trucks and wheel loaders, serving the same end customers as VEI but as an OEM rather than an aftermarket supplier.
• Komatsu (Komtrax / Payload Meter): Komatsu ships OEM-integrated payload metering and Komtrax telematics on its mining and construction equipment, competing for the same fleet operators that buy VEI's aftermarket retrofit systems.
• Hardy Process Solutions: Hardy is an established industrial weighing and process-control vendor whose load cells, indicators, and weighing electronics serve overlapping industrial and OEM customers as VEI's components and systems.

Emerging players

• MineSense Technologies: MineSense provides sensor-based ore grade and payload sensing solutions for shovels and trucks in mining, an emerging alternative to VEI's hydraulic pressure-sensor approach for surface mining payload monitoring.

Others

• Flintec: Flintec is a global load cell and force-measurement component supplier whose products can be designed into competing onboard weighing systems, positioning it as a component-level ecosystem participant rather than a direct systems competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Veigroup
• LinkedInlinkedin.com/company/vei-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 VEI