Troax AB

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.

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

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

• Machine guarding systems
• Warehouse partitioning
• Industrial mesh panels
• Active safety barriers
• Data centre cages

Headquarters

HQ city

Hillerstorp

HQ country

Sweden

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core 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

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Four partnerships are on record, tiered core.

• Stommpy SpAcoreStrategic or Co-development Partner · 15 December 2025Italian-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.
• VichnetcoreStrategic or Co-development Partner · 31 October 2025Market 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 ABcoreStrategic or Co-development Partner · 1 December 2023Swedish 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 RheinlandcoreStrategic or Co-development PartnerThird-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

Direct 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

• YouTubeyoutube.com/user/TroaxAB
• LinkedInlinkedin.com/company/troax-ab
• Instagraminstagram.com/troax_group
• Xx.com/troax
• Facebookfacebook.com/troaxab

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A10 records

Investments

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

Frequently asked questions about Troax AB