MagComp
MagComp AB designs custom industrial induction heating systems using proprietary SM2C magnetic flux conductors and modular heater blocks, serving manufacturers across metals, automotive, food, packaging, and recycling verticals worldwide.
- Company typePrivate
- Founded2005
- HeadquartersEslöv, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What MagComp does
MagComp AB designs and manufactures custom industrial induction heating systems built around proprietary SM2C (Soft Magnetic Mouldable Composite) magnetic flux conductors, application-matched coil designs, and a modular heater block architecture. Founded in 2005 in Furulund, Sweden, and rooted in Lund University magnetic-materials research dating to the late 1980s, the company targets industrial manufacturers across metals, automotive, food processing, laminating and packaging, waste and recycling, and other industrial verticals. Its systems replace gas, thermal-oil, and infrared heating with electric induction, with company-disclosed outcomes including energy reductions of more than 20%, conversion of more than 90% of supplied energy into heat in the material, warm-up times reduced from 50 minutes to 1 minute, and infrastructure footprint reductions from 10 metres to 0.5 metres.
The product portfolio comprises five core lines — Strip & Plate, Roller, Component, Bar/Rod/Tube, and Custom Heating Systems — sold exclusively through direct engineering engagement and OEM integration. Named enterprise customers include Tetra Pak, Sandvik, Hägglunds, Tarkett, and Epric. Revenue is project-based and quote-driven with no public pricing; engagements span custom system design, electromagnetic and thermal simulation, prototype validation, installation, and lifecycle support under multi-year contracts. MagComp operates as a subsidiary of Argynnis Group within the Heating & Drying Group alongside sister companies Triab and Ircon-Solaronics, a structure providing long-term ownership capital and cross-selling potential in complementary heating and drying technologies. In 2025 the company doubled production capacity at its Furulund facility to meet growing international demand and showcased next-generation thermal solutions at Hannover Messe.
MagComp firmographics
Firmographics- Name
- MagComp
- Legal name
- MagComp AB
- Website
- https://magcomp.se
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MagComp AB designs custom industrial induction heating systems using proprietary SM2C magnetic flux conductors and modular heater blocks, serving manufacturers across metals, automotive, food, packaging, and recycling verticals worldwide.
- Ownership category
- akta.pro rank
MagComp industry classification
Industry- Product category
- Industrial Induction Heating Systems
- NAICS
- Electrical Equipment Manufacturing (3353)
- SIC
- Industrial Process Furnaces & Ovens (3567), Electronic Coils, Transformers & Other Inductors (3677)
- akta.pro primary industry
- Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction) (IMAHADAI)
- akta.pro secondary industry
- Power Electronics for Industrial Heating (Induction/dielectric heating power supplies) (IMAGADAK)
Keywords
Where MagComp is headquartered
LocationHeadquarters
- HQ city
- Eslöv
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
MagComp business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Custom Induction Heating Systems: MagComp generates revenue through the design, engineering, and delivery of custom industrial induction heating systems tailored to customer processes. Revenue is project-based, derived from custom solutions that include heating systems, integration, and lifecycle support services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Solutions - Quote-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
MagComp product offering
Product offeringCore offering
MagComp designs, manufactures, and integrates custom industrial induction heating systems for continuous and discrete manufacturing processes. Its solutions are built around proprietary SM2C (Soft Magnetic Mouldable Composite) magnetic flux conductors, optimized coil designs, and modular heater blocks, and are sold as project-based, custom-engineered systems to industrial manufacturers and OEM partners.
Product overview
MagComp offers custom industrial induction heating solutions built around proprietary SM2C (Soft Magnetic Mouldable Composite) magnetic flux conductors and modular heater architecture. The product portfolio includes five core product lines: Strip & Plate Heating Systems for continuous strip and flat-part processes; Roller Heating Systems for paper, board, laminating, printing and packaging lines; Component Heating Systems for parts with varying thickness or heat-sensitive areas; Bar, Rod & Tube Heating Systems for long materials; and Other/Custom Heating Systems engineered to meet unique application requirements. All solutions share the core technology platform of proprietary magnetic materials, optimised coils, and modular building blocks that can be configured and combined to address specific industrial heating challenges across metals, automotive, food, laminating, waste recycling, and other industries.
Differentiator
Problem solved
Functional benefit
Products and services
- Strip & Plate Heating Systems Induction heating systems for continuous strip lines and flat-part processes that deliver uniform heat directly in the material, providing tighter control, cleaner electric operation, and shorter response times for higher throughput and steady coating quality. Targeted at metals and continuous manufacturing.
- Roller Heating Systems Induction heating systems for rollers in paper, board, laminating, printing and packaging lines with instant reaction to speed or material changes, available as external planar heaters or internal inroll units for quick temperature reach and stability.
- Component Heating Systems Custom induction heating solutions for industrial components with varying thickness, design, or heat-sensitive areas, replacing furnaces and gas systems with cleaner and more controllable heat for energy-efficient manufacturing.
- Bar, Rod & Tube Heating Systems Induction heating systems for long materials including rods, bars, billets and tubes that provide fast, reliable, uniform heat along the full length as materials move through production lines, maintaining stable profiles under changing speeds.
- Custom / Other Heating Systems Custom-engineered heating systems built from modular heater blocks, SM2C magnetic flux conductors, and control platforms, tailored to unique requirements such as specific materials, tight footprints, demanding takt times, or thermal patterns that standard solutions cannot meet.
Quantifiable outcome
- Energy consumption reduced by more than 20%
- +6 more outcomes
Companies that use MagComp
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles1 record
MagComp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MagComp partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and foundational.
- Heating & Drying GroupcoreMagComp is part of Heating & Drying Group alongside Triab and Ircon-Solaronics, delivering complete solutions in industrial heating and drying. This grouping creates a comprehensive offering in the industrial heating sector.
- TriabcoreSister company within Heating & Drying Group providing complementary heating and drying solutions alongside MagComp's induction technology.
- Ircon-SolaronicscoreSister company within Heating & Drying Group. MagComp announced collaboration strengthening their offering through partnership with Ircon-Solaronics in industrial heating solutions.
- Lund UniversityfoundationalFoundational research partnership dating back to the late 1980s at Lund University in Sweden, where magnetic material and electromagnetic research created the foundation for MagComp's proprietary SM2C technology.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
MagComp competitors and assessment
Company assessmentDirect peers
- GH Induction: GH Induction (GH Group) designs and manufactures induction heating systems for forging, hardening, and industrial process heating worldwide. It is a direct peer serving the same metals, automotive, and OEM customer base as MagComp with custom-engineered induction solutions.
- Triab: Triab is a sister company in the Heating & Drying Group providing complementary industrial heating and drying technologies. It is a direct peer within MagComp's parent group, sharing customers and distribution channels while addressing different heating modalities.
- Eldec (Schaeffler Group): Eldec manufactures medium- and high-frequency induction heating systems, primarily for automotive manufacturing applications such as brazing and shrink fitting. It is a direct competitor in the OEM-embedded induction heating niche that MagComp serves in the vehicles vertical.
- EFD Induction (now part of Inductotherm): EFD Induction specializes in induction heating and heat-treatment systems for applications including brazing, hardening, and forging across automotive, aerospace, and energy. It is a direct competitor to MagComp in custom industrial induction heating solutions.
- Ircon-Solaronics: Ircon-Solaronics is a sister company within the Heating & Drying Group that provides infrared (IR) heating and drying solutions for industrial processes. It is a direct peer within MagComp's parent ecosystem, addressing overlapping industrial heating use cases via a complementary non-induction technology.
- SAET (E.P. Srl / SAET Group): SAET Group produces induction heating and electromagnetic processing equipment for metals, including strip heating and heat treatment lines. It is a direct peer in custom-engineered induction heating for metals processing.
- Ajax Tocco Magnethermic: Ajax Tocco manufactures induction heating and melting equipment for forging, heat treating, and strip heating applications, serving automotive, steel, and tube/pipe producers. It directly competes with MagComp in induction-based strip, bar, and component heating for metals.
Emerging players
- Inprosys (induction heating specialists): Inprosys is a smaller European specialist designing induction heating systems for industrial applications including brazing and heat treatment. Comparable to MagComp as a custom-engineered induction niche player competing for similar mid-sized industrial customers.
Broad incumbents
- Fuji Electric (Induction Heating): Fuji Electric is a broad Japanese industrial conglomerate with a substantial induction heating product line for industrial heating applications. It competes with MagComp at the high-power industrial scale while also serving wider factory automation markets.
- Inductotherm Group: Inductotherm is the world's largest manufacturer of induction melting and heating equipment, serving metals, forging, and heat-treatment markets globally. It competes directly with MagComp in industrial induction heating but at vastly greater scale with standardized product lines and a global service network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
MagComp social profiles
Digital presenceMagComp financial estimates
Financial estimateRevenue estimate
Valuation estimate
MagComp leadership team
Management profileNumber of profiles
Profiles6 records
MagComp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MagComp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MagComp
What does MagComp do?
MagComp designs, manufactures, and integrates custom industrial induction heating systems for continuous and discrete manufacturing processes. Its solutions are built around proprietary SM2C (Soft Magnetic Mouldable Composite) magnetic flux conductors, optimized coil designs, and modular heater blocks, and are sold as project-based, custom-engineered systems to industrial manufacturers and OEM partners.
Is MagComp a public or private company?
MagComp is a private company. It is classified as corporate owned and is currently operating.
When was MagComp founded?
MagComp was founded in 2005. It employs 1 to 10 people.
Where is MagComp based?
MagComp is headquartered in Eslöv, Sweden, in the Europe region.
How does MagComp make money?
One revenue line is on record: custom Induction Heating Systems.
Who are MagComp's main competitors?
Direct peers on record are GH Induction, Triab, Eldec (Schaeffler Group), EFD Induction (now part of Inductotherm), Ircon-Solaronics, SAET (E.P. Srl / SAET Group) and Ajax Tocco Magnethermic. Inprosys (induction heating specialists) is listed as an emerging player. Broad incumbents are Fuji Electric (Induction Heating) and Inductotherm Group.
Does MagComp have an API?
No public API is recorded for MagComp.
What industry is MagComp in?
MagComp's product category is Industrial Induction Heating Systems. Its primary akta.pro industry code is IMAHADAI, Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction), with a secondary code of IMAGADAK, Power Electronics for Industrial Heating (Induction/dielectric heating power supplies). Its NAICS code is 3353 and its SIC code is 3567.