Troax AB
Troax AB is a Swedish public manufacturer (Nasdaq Stockholm: TROAX) of steel mesh panel systems for industrial machine guarding, warehouse partitioning, active safety, and data center protection, selling direct via local offices in 40+ countries with manufacturing in Sweden, UK, Italy, and China.
- Company typePublic
- Founded1955
- HeadquartersHillerstorp, Sweden
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Troax AB does
Troax AB (legal entity Troax Group AB, Nasdaq Stockholm: TROAX) is a Swedish-founded (1955) industrial safety solutions manufacturer specializing in steel mesh panel systems used for machine guarding, warehouse partitioning, active pedestrian and forklift safety, barrier protection, and data center physical security. The company offers multiple proprietary fixing and framing systems (Smart Fix, Strong Fix, Rapid Fix, BlueGuard Stainless Steel, QuickGuard Aluminium), specialized products such as the Safe Escape Lock and Anti-Collapse System, and a modular Sigma Datacentre Cage range. Manufacturing is conducted in Sweden, the United Kingdom, Italy, and China, with the world's largest mesh panel warehouse located at the Tyngel production site in Hillerstorp, Småland.
The company operates a direct-to-customer go-to-market model through more than 40 countries, supported by local sales offices and strategic distribution centers in Europe, the USA, and Asia, with daily deliveries from primary manufacturing hubs. Revenue is generated primarily through hardware sales of safety and partitioning systems sold under multi-year contracts with custom quotation via the Drawit browser-based product configurator. End markets span industrial manufacturing, warehousing and logistics, data centers, food and beverage, pharmaceuticals, automotive, construction, and agriculture. Customer concentration appears diffuse given the broad segment mix and absence of named anchor accounts.
In 2025, Troax reported net sales of approximately EUR 262 million with operations across 40+ countries and more than 1,000 employees, but results deteriorated materially: Q4 sales fell 8%, full-year order intake dropped 6%, EBITA declined to EUR 36.3 million from EUR 48.2 million, and net profit fell to EUR 13.5 million from EUR 31.3 million. The company is simultaneously pursuing an active acquisition strategy (Garantell 2023, Vichnet 2025, Stommpy 2025) and executing a restructuring program that includes factory relocations and is expected to drive EUR 2.2 million of one-off costs in H1 2026. Leadership is in transition, with CFO Anders Eklöf departing at the end of Q1 2026.
Troax AB firmographics
Firmographics- Name
- Troax AB
- Legal name
- TROAX GROUP AB
- Website
- https://troax.com
- Company type
- Public
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Troax AB is a Swedish public manufacturer (Nasdaq Stockholm: TROAX) of steel mesh panel systems for industrial machine guarding, warehouse partitioning, active safety, and data center protection, selling direct via local offices in 40+ countries with manufacturing in Sweden, UK, Italy, and China.
- Ownership category
- akta.pro rank
Troax AB industry classification
Industry- Product category
- Industrial Safety Mesh Panel Solutions
- NAICS
- Elevator and Moving Stairway Manufacturing (333921), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Brake, Suspension & Steering Service (Chassis Systems) (TLAKABAD)
- akta.pro secondary industries
- Axle & Suspension Linkages (Control Arms/Tie Rods/Bushings/Ball Joints) (IMACAIAL), Steel Grating, Catwalks & Safety Platforms (IMADACAI)
Keywords
Where Troax AB is headquartered
LocationHeadquarters
- HQ city
- Hillerstorp
- HQ country
- Sweden
- HQ region
- Europe
Offices13 records
Markets served
Troax AB business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Industrial Safety Solutions Sales: Troax generates revenue through the manufacture and sale of steel mesh panel safety solutions including machine guarding systems, warehouse partitioning, active safety products, and barrier protection. Products are sold through direct sales channels via local sales companies globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard product catalog with custom configuration options |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels9 records
Troax AB product offering
Product offeringCore offering
Troax AB manufactures and sells steel mesh panel safety solutions for industrial environments, including machine guarding systems (Smart Fix, Strong Fix, Rapid Fix, BlueGuard), warehouse partitioning (anti-collapse, mezzanine, barrier protection), active safety products (pedestrian, forklift, traffic, docking), and data centre cage enclosures. Products are produced at manufacturing facilities in Sweden, UK, Italy, and China, and sold through direct local sales companies and distribution centers across more than 40 countries.
Differentiator
Problem solved
Functional benefit
Brands
- Smart Fix System: Versatile machine guarding fix system, the company's best-selling safety protection system with durability and adaptability for most applications.
- Strong Fix System
- Rapid Fix System
- QuickGuard Aluminium System
- BlueGuard Stainless Steel
- Troax Cage
- Troax Box
- Sigma Datacentre Cage
- Drawit
Products and services
- Machine Guarding Systems
- Smart Fix System
- Strong Fix System
- Rapid Fix System
- BlueGuard Stainless Steel
- Belt Conveyor Guarding
- Warehouse Partitioning
- Anti-Collapse System
- Active Safety Products
- Flexible Impact Protection Barriers (Stommpy)
- Sigma Datacentre Cage Range
Quantifiable outcome
- Reduced concrete floor damage compared to traditional steel barriers
- +2 more outcomes
Companies that use Troax AB
Customer profileSegments8 records
Ideal customer profiles4 records
Troax AB technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature11 records
Troax AB partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Stommpy SpAcoreItalian-based manufacturer of flexible safety barriers, including its Austrian subsidiary Stommpy GmbH. Acquired by Troax Group in December 2025 to strengthen position in industrial safety solutions, particularly in food & beverage and pharmaceuticals sectors. Generated 8 million euros in revenue in 2024.
- VichnetcoreMarket leader in machine guarding and wire tray solutions in China. Acquired for 350 million RMB with expected closure by end of 2025. Acquisition aimed at strengthening Troax's position in Asia and expanding portfolio in data center safety solutions.
- Garantell ABcoreSwedish manufacturer of mesh and safety solutions. Acquired to expand Troax's product portfolio and strengthen market position. Transaction increased net debt by approximately 410 MSEK.
- TÜV RheinlandcoreThird-party testing and certification partner that validates the safety of Troax products and testing methods to ensure protection of persons.
Scale indicators17 records
Recent moves6 records
Expansion highlights5 records
Troax AB competitors and assessment
Company assessmentDirect peers
- Axelent Group: Swedish-headquartered manufacturer of wire mesh partitions, machine guarding, and storage cage systems with a comparable product portfolio and direct overlap with Troax in industrial safety and warehouse partitioning.
- KEE Safety: UK-based manufacturer of safety barriers, guardrail systems, and fall protection for industrial and commercial facilities; competes directly with Troax's Active Safety and barrier protection product lines.
- Rite-Hite: US-based provider of loading dock safety equipment, industrial barriers, and warehouse safety solutions; overlaps with Troax in warehouse partitioning, barrier protection, and active forklift/pedestrian safety use cases.
- WireCrafters: US manufacturer of wire mesh partitions, machine guarding, and security cages; competes directly with Troax in warehouse partitioning and machine guarding applications across the North American market.
- A-SAFE: UK-headquartered manufacturer of polymer-based traffic and pedestrian safety barriers for industrial environments; an emerging direct competitor in the Active Safety category where Troax also competes.
Broad incumbents
- ASSA ABLOY: Global Swedish-headquartered access solutions conglomerate with overlapping industrial door and physical security offerings; much larger and broader, but relevant as a large incumbent in adjacent safety/access categories.
- Brady Corporation: US-listed provider of workplace safety, identification, and compliance products; broader portfolio but competes in industrial facility safety applications where Troax is specified.
Emerging players
- nVent Electric: US-listed provider of electrical enclosures and connection/protection solutions serving data centers and industrial customers; partial overlap with Troax's Sigma Datacentre Cage offering into the data center physical security segment.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Troax AB social profiles
Digital presenceTroax AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
Troax AB leadership team
Management profileNumber of profiles
Profiles3 records
Troax AB subsidiaries and ownership
Company hierarchySubsidiaries4 records
Troax AB funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Troax AB M&A and investment
M&A and investmentM&A10 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Troax AB
What does Troax AB do?
Troax AB manufactures and sells steel mesh panel safety solutions for industrial environments, including machine guarding systems (Smart Fix, Strong Fix, Rapid Fix, BlueGuard), warehouse partitioning (anti-collapse, mezzanine, barrier protection), active safety products (pedestrian, forklift, traffic, docking), and data centre cage enclosures. Products are produced at manufacturing facilities in Sweden, UK, Italy, and China, and sold through direct local sales companies and distribution centers across more than 40 countries.
Is Troax AB a public or private company?
Troax AB is a public company. It is classified as public and is currently operating.
When was Troax AB founded?
Troax AB was founded in 1955. It employs 1,001 to 5,000 people.
Where is Troax AB based?
Troax AB is headquartered in Hillerstorp, Sweden, in the Europe region.
How does Troax AB make money?
One revenue line is on record: industrial Safety Solutions Sales.
Who are Troax AB's main competitors?
Direct peers on record are Axelent Group, KEE Safety, Rite-Hite, WireCrafters and A-SAFE. Broad incumbents are ASSA ABLOY and Brady Corporation. nVent Electric is listed as an emerging player.
Does Troax AB have an API?
No public API is recorded for Troax AB.
What industry is Troax AB in?
Troax AB's product category is Industrial Safety Mesh Panel Solutions. Its primary akta.pro industry code is TLAKABAD, Brake, Suspension & Steering Service (Chassis Systems), with a secondary code of IMACAIAL, Axle & Suspension Linkages (Control Arms/Tie Rods/Bushings/Ball Joints). Its NAICS code is 333921 and its SIC code is 3823.