What Lode does

Lode B.V. is a Dutch medical device manufacturer founded in 1948 and headquartered in Groningen, Netherlands, specializing in high-precision medical ergometry equipment. The company designs and produces a portfolio of cycle ergometers (Corival, Excalibur Sport), arm ergometers (Brachumera Sport), MR-conditional ergometers for use inside MRI scanners (Pedal, Push/Pull, Dorsal Ankle Flexion, Up/Down variants), medical treadmills, and the Lode Ergometry Manager (LEM) software platform with protocol modules. Its core technical differentiator is an electromagnetic eddy current braking system that delivers workload accuracy of 2W below 100W and 2% from 100–1500W, providing long-term stability without the wear associated with friction-based alternatives. The company maintains in-house R&D, movement science expertise, and manufacturing, and holds ISO 13485, ISO 9001, CE Class Im under MDR 2017/745, FDA registration, and IEC 60601-1 certifications.

Lode sells primarily through a global distributor network of more than 50 partners spanning Europe, Asia, the Middle East, Oceania, and North America, with direct contact for enterprise quotes. The customer base consists of hospitals, academic medical centers, sports medicine facilities, and research institutions, including Cleveland Clinic, Mayo Clinic, University Medical Center Groningen, National Heart Centre Singapore, and University of Pennsylvania Hospital. The business model combines medical hardware sales, recurring and modular software revenue (LEM modules for Wingate Test Plus, Export, Architect, and Åstrand protocols), calibration and service, and accessories/consumables. The MR-conditional product line represents a specialized niche where Lode claims over 50 peer-reviewed publications using its equipment. The company is a privately held subsidiary of Lode Holding.

Lode positions itself as "the standard in Ergometry" with a 75+ year operating history, a globally distributed sales footprint, and a regulatory footprint (MDR, FDA, ISO 13485) that creates meaningful barriers to entry in clinical ergometry. Distribution is conducted under a quote-based B2B pricing model with multi-year enterprise contracts; pricing is not publicly disclosed.

Name

Lode

Legal name

Lode B.V.

Website

https://lode.nl

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

101–250 employees

Short description

Lode B.V. is a Dutch medical device manufacturer (founded 1948) that designs and produces medical-grade cycle, arm, and MR-conditional ergometers, treadmills, and the LEM ergometry software platform for hospitals, sports medicine clinics, and research institutions worldwide.

Ownership category

akta.pro rank

Product category

Medical Ergometry Equipment

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Electromedical & Electrotherapeutic Apparatus (3845), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Metrology, Calibration & Testing Equipment (Balances, pH/DO, Standards) (HLAGAIAL)

akta.pro secondary industries

Test & Measurement Equipment (Oscilloscopes, DAQ, signal analyzers, calibration benches) (IMAGAFAC), Calibration Services & Standards (Calibration labs, reference standards, traceability services) (IMAGAFAH)

Keywords

• Medical ergometers
• Cardiopulmonary exercise testing
• Rehabilitation equipment
• Sports medicine testing
• Exercise physiology equipment

Headquarters

HQ city

Groningen

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical ergometer hardware sales: Lode manufactures and sells medical-grade ergometers including cycle ergometers (Corival, Excalibur Sport), arm ergometers (Brachumera), treadmills, and MRI-compatible ergometers. These are sold directly and through distributors globally to hospitals, rehabilitation centers, sports medicine facilities, and research institutions.
2. Software and data management solutions: Lode Ergometry Manager (LEM) software provides data management, protocol control, and analytics for ergometry testing. Additional modules include Wingate Test Plus, Export, Architect, and Åstrand protocols.
3. Calibration and service: Calibration services and replacement parts ensure long-term accuracy and reliability of ergometry equipment. Regular calibration recommended at least annually.
4. Accessories and consumables: Heart rate belts, SpO2 sensors, control units, exchangeable pedals, adjustable cranks, and other accessories for customization and extended functionality.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Lode manufactures and sells medical-grade ergometers including cycle ergometers (Corival, Excalibur Sport), arm ergometers (Brachumera Sport), MRI-compatible ergometers, and medical treadmills for clinical diagnostics, rehabilitation, sports medicine, cardiopulmonary exercise testing, and research. The hardware is complemented by the Lode Ergometry Manager (LEM) software platform, calibration services, and accessories for ECG/spirometry integration.

Product overview

Lode is a manufacturer of high-quality medical ergometers founded in 1948, based in Groningen, Netherlands. The product portfolio centers on medical-grade exercise testing equipment including bicycle ergometers (Corival, Excalibur Sport), arm ergometers (Brachumera Sport), and MRI-compatible ergometers (MR Ergometer Pedal/Push-Pull/Dorsal Ankle Flexion/Up-Down). The ecosystem is supported by the Lode Ergometry Manager (LEM) 10 software platform with modular add-ons for specific test protocols (Wingate Test Plus, Åstrand, Export, Architect). Additional offerings include medical treadmills, calibration equipment, and the HUR by Lode strength training sub-brand. Products serve rehabilitation, sports medicine, cardiopulmonary testing (CPET), medical imaging, and research applications.

Differentiator

Problem solved

Functional benefit

Brands

• HUR by Lode: Product line featuring HUR ergometry equipment sold under the Lode brand, originating from Finland.

Products and services

• Corival Bicycle ergometer for medical exercise testing and cardiopulmonary exercise testing (CPET) featuring electromagnetic eddy current braking for accurate workload control. Designed for hospitals, rehabilitation centers, and cardiopulmonary diagnostic laboratories.
• Excalibur Sport High-performance bicycle ergometer for sports medicine and research applications, supporting Wingate sprint tests, isokinetic tests, high-intensity tests, time trials, and CPET with extreme workload range up to 3000W peak load. Targets sports medicine clinics, elite athletic programs, and exercise physiology research institutions.
• Brachumera Sport Arm ergometer for upper-body exercise testing in sports medicine and research applications. Features extreme workload range 10–3000W with 1W increments from a 10W start, suitable for Wingate, isokinetic, HIT, and CPET testing of upper-body endurance and power. Targets sports medicine facilities and exercise physiology research.
• Angio Ergometer designed for angio imaging and cardiac stress testing applications. Available in various configurations including CPET and rehab versions. Targets cardiac catheterization laboratories and cardiology imaging departments.
• MR Ergometer Pedal MRI-compatible cycle ergometer for exercise testing during magnetic resonance imaging. Enables dynamic/exercise MRI up to 3 Tesla with workload up to 300W. Used by cardiology imaging departments and research institutions for exercise cardiac MRI studies.
• MR Ergometer Push/Pull MRI-compatible ergometer using push/pull motion for cardiac assessments in MRI scanners with smaller bore sizes. Workload up to 100W. Targets imaging departments with bore-size-constrained MRI installations.
• MR Ergometer Dorsal Ankle Flexion Specialized MR-compatible ergometer for spectroscopy and calf muscle studies during MRI examinations. Used in research and clinical applications targeting lower-leg physiology during imaging.
• MR Ergometer Up/Down MRI-compatible ergometer with up/down leg motion for controlled exercise during MR imaging. Workload up to 100W. Designed for imaging research applications requiring alternative leg exercise patterns.
• Lode Ergometry Manager (LEM) 10 Proprietary software platform for managing ergometry data, applying test protocols, controlling equipment workload, and analyzing results. Supports Wingate, Åstrand, and custom protocols with data export and integration capabilities. Used by hospitals, sports medicine clinics, and research institutions alongside Lode ergometers.
• Medical Treadmills Medical-grade treadmills for exercise testing, rehabilitation, and sports medicine applications with accurate speed and incline control. Targets hospitals, rehabilitation centers, and sports medicine facilities requiring running-based ergometry protocols.
• Calibration Equipment Calibration devices including the Calibrator Ultra for verifying and calibrating ergometer workload accuracy to ensure long-term reliability. Targets existing Lode customers, biomedical engineering departments, and service technicians performing annual calibration.
• HUR by Lode Strength training and rehabilitation equipment from Finnish manufacturer HUR, distributed through the Lode network. Includes rehabilitation and senior fitness equipment. Targets rehabilitation centers and senior fitness facilities.
• Lode OEM Products Original equipment manufacturer products and custom ergometry solutions for integration into third-party systems. Targets medical device manufacturers and system integrators seeking Lode-grade ergometry components for their own platforms.
• Pediatric Ergometers Child-specific ergometers including Valiant pediatric and child saddles for young patients in medical testing. Used for pediatric CPET, childhood obesity assessment, and congenital heart disease evaluation. Targets pediatric hospitals and children's healthcare facilities.

Quantifiable outcome

• Worldwide installations at leading medical institutions including Cleveland Clinic, Mayo Clinic, and major academic medical centers
• +2 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• 50+ Global DistributorscoreChannel Partner/ Reseller/ DistributorLode maintains partnerships with over 50 qualified distributors across all continents. Distributors are carefully selected based on expertise, experience, and commitment to customer service. They receive regular training on new products, upgrades, and service procedures. Key distributors include ProCare (Netherlands, Belgium, Germany), Intramedic (Denmark, Sweden), Timik Medical (Finland, Norway), Duomed France, and many regional specialists.
• ECG and Spirometry Device ManufacturerscoreTechnology or IntegrationLode ergometers are designed to integrate with major ECG and cardiopulmonary testing equipment brands. Compatible systems include GE Healthcare, Philips Medical, Siemens, Schiller, Mortara, Nihon Kohden, Cosmed, Vyaire, and 40+ other manufacturers. Interface protocols and RS232/USB connectivity enable seamless integration for clinical diagnostic workflows.
• MRI Scanner ManufacturerscoreTechnology or IntegrationLode MR ergometers are designed for compatibility with MRI scanners from major manufacturers including GE, Philips, Siemens, and United Imaging. The MR-conditional design ensures safe operation in magnetic environments up to 3 Tesla without image artifacts.
• Lode HoldingcoreOthersLode B.V. is a subsidiary of Lode Holding, which provides the security policy and overall corporate governance. Contact for privacy and security matters is directed through Lode Holding's security officer.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cosmed: Italy-based manufacturer of cardiopulmonary exercise testing (CPET) equipment, metabolic carts, and ergometry solutions. Direct competitor in clinical CPET and sports medicine, frequently integrated alongside Lode via RS232 protocols.
• Schiller AG: Swiss manufacturer of ECG stress testing systems and defibrillators. Schiller makes integrated stress-test ergometry/ECG bundles that directly compete with Lode-plus-ECG vendor configurations.
• h/p/cosmos sports & medical gmbh: German manufacturer of medical and sports treadmills for rehabilitation and performance diagnostics. Direct competitor in the treadmill segment of Lode's medical exercise testing portfolio.
• Woodway GmbH: US/German manufacturer of high-performance medical and sports treadmills. Competes with Lode's treadmill line in rehabilitation, sports medicine, and clinical exercise testing applications.
• ergoline GmbH: German manufacturer of medical ergometers (cycle, treadmill) for cardiology, rehabilitation, and stress testing. Closest direct competitor to Lode in medical-grade ergometry with overlapping clinical customer base.

Broad incumbents

• GE Healthcare: Global medtech incumbent offering ECG stress testing (Cardiosoft/MAC series) and imaging platforms that integrate with Lode ergometers. Competes indirectly via bundled cardiology solutions and can substitute for Lode in integrated procurements.
• Mortara / Welch Allyn (Hillrom/Baxter): Provider of X-scribe ECG stress testing systems and cardiology diagnostics. Competes in clinical stress-testing workflows and integrates with Lode ergometers via RS232.
• Nihon Kohden: Japanese medical electronics company producing ECG and patient monitoring systems used in stress testing. Competitor in cardiology diagnostics with overlap in clinical exercise testing.
• Philips Medical Systems: Dutch medtech major with StressVue cardiac stress testing and broad cardiology/imaging portfolio. Competes indirectly with Lode by offering bundled stress-test solutions and is also a key integration partner.

Emerging players

• HUR (sub-brand partner): Finnish manufacturer of strength training and rehabilitation equipment distributed under the 'HUR by Lode' sub-brand. Adjacent peer in rehabilitation and senior fitness, with partial overlap via Lode's distribution arrangement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Lode_Ergometry

Compliance8 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 Lode