What Combi Works does

Combi Works Ltd is a Helsinki-headquartered, privately held industrial manufacturing company operating in two segments: Infra products and Manufacturing services. The Infra business designs, sources, and distributes manhole covers, EN124-certified drainage products, AluFix® safety guardrails, tree gratings, EV charger stands, and related infrastructure components engineered specifically for Nordic freeze-thaw conditions; it holds the No. 1 manhole cover position in Finland and Estonia and distributes through eight Northern European countries as the sole representative of ULMA drainage products. The Manufacturing services business offers Factory as a Service (FaaS) — scalable welded constructions, machining, castings, and assembly delivered through an asset-light partner-factory network — and Supply Chain Service (SCS), a full outsourced procurement function.

The company's operating model is asset-light: Combi Works does not own factories but orchestrates production across Finland, the Baltics, Poland, Romania, India, and China, with internal production-control staff in Suzhou and Kolkata. All operations are managed through AirFaas, a proprietary digital platform created by CEO Edward Blomstedt that provides order, shipment, project, and performance visibility for both internal operations and customer supply chain management. Headcount is approximately 30 people, generating 16 MEUR of disclosed turnover (FY2025), and the company was founded in 2005 by the Blomstedt family (Edward, Robert, and Veronika Braithwaite) as a mother-son venture that has since grown into a multi-country B2B industrial platform.

Revenue mechanics combine one-time unit-pricing on Infra products (priced by EN load class A15 to F900 and material — ductile or grey cast iron) with managed-services revenue on FaaS and SCS engagements. Go-to-market is relationship-based enterprise field sales: two named regional sales managers cover Finland/Sweden and the Baltics, complemented by direct customer references (Tana, Enico Oy, Pesmel, PROAC AB, Sund Birsta) and municipal logos (Helsinki, Tallinn City, Rauma Port). The board includes former senior industrialists from Metso Corporation and Pipelife Group Finland, and the company is recognized for design (Red Dot Award 2024 for AluFix EVO; Design from Finland Mark 2025) and circular-economy credentials (Sitra Circular Solutions for Nature list 2024).

Name

Combi Works

Legal name

Combi Works Ltd

Website

https://combiworks.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Combi Works is a Finnish, family-owned industrial manufacturer and sourcing partner operating two segments: Nordic-spec infrastructure products (manhole covers, drainage, safety guardrails) under its own and the ULMA brand, and asset-light Factory-as-a-Service manufacturing and supply-chain outsourcing managed through its proprietary AirFaas digital platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Infra Product Sales: Sale of manufactured infrastructure products including manhole covers, telescope sets, tree gratings, channel gratings, surface boxes, guardrails, and EV charging infrastructure. Products are designed in Finland for Nordic conditions and sold across Northern Europe.
2. Factory as a Service (FaaS): Scalable manufacturing solution providing welded constructions, machining, castings, and assembly. Customers access manufacturing capacity without fixed costs, growing with scalable production. Handles procurement, quality control, and technical reviews.
3. Supply Chain Service (SCS): Full-scale procurement solution acting as customer's internal procurement team. Manages Purchasing, Quality, Manufacturing, and Procurement. Integrates with customer operations to optimize supply chain processes.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Combi Works is an industrial manufacturing company operating in two segments: (1) Infra products including EN124-certified manhole covers, AluFix® safety guardrails, ULMA channel gratings, tree gratings, EV charger stands, telescope sets, surface boxes and drainage channels sold to municipalities, contractors and construction professionals; and (2) Manufacturing services including Factory as a Service (scalable welded construction, machining, casting and assembly through a global partner factory network) and Supply Chain Service (full-scope procurement outsourcing with quality control and supplier auditing). Both segments are powered by the proprietary AirFaas digital platform that provides full visibility and traceability of orders, shipments and manufacturing performance.

Product overview

Combi Works operates two distinct business segments: Infra products and Manufacturing services. The Infra division offers a comprehensive portfolio of drainage infrastructure products including manhole covers (129+ products across 14 series), AluFix® safety guardrails (27 products), channel gratings, tree gratings, EV charging stands, telescope sets, surface boxes, jaw frames, and drainage channels. The Manufacturing services segment provides Factory as a Service (scalable production without fixed costs) and Supply Chain Service (full procurement outsourcing), both powered by the proprietary AirFaas digital platform. The company positions itself as a market leader in Nordic manhole covers while offering international manufacturing across Finland, Baltics, Poland, Romania, India, and China.

Differentiator

Problem solved

Functional benefit

Brands

• AluFix: European-tested, counterweight safety guard rail system designed for construction, roofing and elevated work environments. Made from lightweight aluminium, certified to EN 13374 standards. Includes Classic and EVO models.
• Factory as a Service (FaaS)
• Supply Chain Service (SCS)
• AirFaas

Products and services

• Manhole Covers EN124-certified manhole covers in multiple series (160/200, 315, 500, 550, 600, 630, 700, 800, 900) designed for Nordic freeze-thaw conditions. Available in ductile iron and grey cast iron, with options for blind covers, gratings and lockable variants across load classes A15 to F900. Sold to municipalities, water utilities, contractors and construction professionals.
• AluFix® Safety Guardrails Counterweight-based fall protection guardrails for flat and sloped roofs (up to 10°), made from lightweight aluminium. Certified to EN 13374 Class A. Available in Classic and EVO variants with or without toe boards, installs without tools.
• ULMA Channel Gratings Polymer concrete drainage channels and gratings for roads, urban environments, industrial areas and architectural projects. Combi Works is the sole representative of ULMA products in Northern Europe, covering urban drainage, heavy-duty systems and architectural drainage categories.
• Tree Gratings Cast iron tree gratings designed to protect urban tree root systems while allowing pedestrian access. Made from 100% recyclable cast iron, available in multiple sizes (1220×1220mm to 2021×2021mm) and configurations.
• EV Charger Stand Complete EV charging installation system including subterranean anchor, installation pole and charger adapter plate. Compatible with all commercial EV charger models in the market. Components include slim pole, steel foundation, mounting plate and concrete foundation adapters.
• Telescope Sets Telescopic pipe systems for manhole installations, available in multiple series (160/200, 315, 500, 550, 630) with various lengths (45cm to 220cm). Made from iron and plastic telescope materials with spring lock options.
• Surface Boxes Surface boxes for valve access in water, gas and district heating applications. Available in 300/170, 8T, 21T and 40T series with floating frames for Nordic conditions.
• Factory as a Service (FaaS) Scalable manufacturing solution providing welded constructions, machining, castings and assembly services using a global network of partner factories. Customers access production without fixed infrastructure investments, with Combi Works handling procurement, quality control and production management.
• Supply Chain Service (SCS) Full-scale procurement solution acting as the customer's internal procurement team, covering purchasing, quality, manufacturing and procurement. Includes supplier auditing, cost calculations and integration with the AirFaas platform for visibility.
• AirFaas Digital Manufacturing Platform Digital procurement and manufacturing management platform providing visibility and traceability for projects, offers, orders, shipments and performance. Used internally by Combi Works and offered to customers for supply chain management across the global partner factory network.

Quantifiable outcome

• 15% reduction in production costs within six months for Enico Oy
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• ULMAcoreChannel Partner/ Reseller/ DistributorCombi Works is the sole representative of ULMA products in Northern Europe. ULMA manufactures channel gratings made from polymer concrete, stainless steel, galvanized steel and cast iron. Combi Works distributes these products across Finland, Estonia, Sweden, Latvia, Lithuania, Norway, Germany, and Switzerland.
• AirFaascoreTechnology or IntegrationAirFaas is a digital manufacturing management platform developed by Combi Works' CEO Edward Blomstedt. It serves as the core technology enabling visibility, traceability, scalability and efficient management of manufacturing operations across Combi Works' global factory network.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• ULMA Architectural Solutions: Spanish manufacturer of polymer concrete drainage channels and gratings. Combi Works is ULMA's exclusive Northern Europe distributor, so ULMA is both a partner and the most direct product peer in the drainage-channel category.
• ACO Group: Specialist in polymer concrete and metal drainage channels, gratings, and surface water management. Overlaps directly with Combi Works' ULMA-distributed drainage channel portfolio and targets the same Nordic/Baltic municipal and contractor customers.
• Hauraton: German drainage channel and surface water management specialist with European distribution. Closely comparable on drainage-channel systems, load-class certifications, and infrastructure project specification model.
• Saint-Gobain PAM: Global leader in cast iron manhole covers and drainage infrastructure, supplying municipalities across Europe. Directly comparable to Combi Works' Infra division on product, customer base, and EN124 specification, but at vastly greater scale and with vertical integration.
• BG Graspointner: Austrian manufacturer of cast iron manhole covers, surface boxes, and drainage components with strong DACH presence. Comparable product range (EN124 covers, surface boxes) and similar go-to-market through municipal and construction customers.

Emerging players

• Fictiv: Digital manufacturing platform providing on-demand mechanical fabrication and sourcing. Comparable to Combi Works' AirFaas-enabled FaaS in using software to orchestrate distributed factory capacity, though focused on prototypes and low-volume production.
• Xometry: On-demand manufacturing marketplace offering CNC, casting, and assembly services globally. Comparable to Combi Works' Factory-as-a-Service and Supply Chain Service in business model, but with self-serve digital marketplace tooling versus Combi Works' relationship-driven delivery.

Broad incumbents

• Protolabs: Global on-demand digital manufacturing services provider (now including Hubs). Comparable to Combi Works' manufacturing services in CNC, casting, and assembly offerings, but at significantly larger scale with a self-service quoting platform.
• Wienerberger: Leading European producer of building materials including clay pipe and stormwater management solutions. Adjacent in infrastructure specification and Nordic presence, but operates a much broader portfolio across the construction value chain.
• Wavin: Large multinational infrastructure pipe and surface-water systems provider (owned by Orbia). Comparable on drainage and water-utility infrastructure, with overlapping Nordic/Baltic municipal customers, but with a broader product portfolio beyond Combi Works' core manhole/channel focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@combiworks
• LinkedInlinkedin.com/company/combi-works
• Xx.com/Combiworks

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Combi Works