Binar Solutions

What Binar Solutions does

Binar Solutions (legal entity Binar Elektronik AB) is a Swedish industrial electronics and software company founded in 1984 in Trollhättan, operating as part of Binar Group and Argynnis Group with approximately 30 employees. The company develops and sells the Binar Production System (BPS), a proprietary modular Manufacturing Execution System (MES) that monitors and controls production processes, integrates with ERP systems and shop-floor machines, and pushes data to displays, lights, buttons, and sensors via CAN, Profinet, Ethernet, WiFi, USB, and Bluetooth protocols. Its hardware portfolio includes rugged connectors (rated for 100,000+ connections with 24k gold-plated contacts), IoT gateways (LP304/LP305), M12 I/O boxes (LP315/LP317), LED displays (BiDisp3/BiDisp4), pick-to-light sensors (LP352), smart tool holders (LP125), and custom test tools (DWE, Mini DWE, BICAP, TLT, ECU SWDL stations), most of which are designed and manufactured in-house.

Binar Solutions serves enterprise manufacturing customers across automotive, heavy trucks, industrial robotics, material handling, e-commerce logistics, and industrial production, with documented long-tenure customers including Volvo (20+ years), Scania (15 years), ABB Robotics, Toyota Material Handling, Linas Matkasse, and Strömsholmen. Revenue is generated through four streams: hardware sales (one-time/perpetual with 12-month warranty), BPS software licenses (annual subscription with 3-month warranty and tiered service agreements from office-hours to 24/7), professional services for service, maintenance, and spare parts (including obsolete components), and custom innovation/system integration work by an in-house Innovation team. Go-to-market is direct enterprise field sales led by key account managers and supported by a partner/reseller channel program, with quote-based pricing, customized proposals, and global delivery. The company holds ISO 9001 and ISO 14001 certifications and operates with no disclosed external funding.

Name

Binar Solutions

Legal name

Binar Elektronik AB

Website

https://binarsolutions.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Binar Solutions (Binar Elektronik AB) develops the BPS modular MES platform and in-house rugged industrial hardware (connectors, IoT gateways, LED displays, smart tools) for enterprise manufacturers including Volvo, Scania, ABB Robotics, and Toyota Material Handling, selling via direct field sales and subscription-licensed software with annual service contracts.

Ownership category

akta.pro rank

Product category

Manufacturing Execution System (MES)

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industry

Data/Apps Connectivity & Adapters (Connectors, Drivers, SDKs) (HDAEAIAK)

Keywords

• Manufacturing execution system
• Lean production software
• Industrial test systems
• Pick to light systems
• Rugged industrial hardware

Headquarters

HQ city

Trollhättan

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Hardware Products: Sale of industrial hardware including rugged connectors, LED displays, I/O boxes (LP305, LP315, LP317, LP330, LP331, LP304), smart tools (DWE, BICAP, TLT, Mini DWE), Pick to Light sensors (LP352), Smart Tool Holders (LP125), workstations, and rugged devices.
2. Software Licenses and MES (BPS): Licensed software including the modular Binar Production System (BPS) MES platform, sold with service agreements. Modular design allows customers to select and pay for specific modules.
3. Service, Maintenance and Support: Aftermarket services including maintenance, repairs, spare parts sourcing (including obsolete components), and software support contracts ranging from standard office hours to 24/7 year-round support.
4. Custom Innovation and System Integration: Custom solution development by the Innovation team for unique production challenges, including tailored hardware and software. Integration services connecting BPS with customer ERP, MES, machines, robots, and assembly lines.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Binar Solutions develops and sells the BPS (Binar Production System), a modular on-premises Manufacturing Execution System (MES) that monitors and controls production processes, integrates with customer ERP and machines, and pushes data to shop-floor devices (displays, lights, buttons, sensors). The company complements BPS with proprietary industrial hardware — LED displays, IoT gateways, Pick to Light sensors, smart tool holders, rugged connectors, and custom test/smart tools — and provides custom engineering, integration, and 24/7 support services to enterprise manufacturers.

Product overview

Binar Solutions offers a modular industrial electronics and software platform centered on the Binar Production System (BPS), a comprehensive MES solution. The portfolio includes core modules for Lean Production (Andon, BPS Mandon, Digital Instructions, Dashboard, Pick to Light, Poka Yoke, Takt, and Traceability) and Test Systems (ECU SWDL, Rugged Connectors, Smart Tools). Supporting hardware products include LED displays (BiDisp3, BiDisp4), manufacturing control systems (LP304, LP305, LP315/LP317, LP330, LP331), Pick to Light sensors (LP352), Smart Tool Holders (LP125), and MWU series units. The company also offers rugged device solutions through Binar Technology sub-brand. Products are designed for automotive, manufacturing, warehousing, and industrial applications with ERP integration capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Binar Production System (BPS): A modern, modular software platform providing full control and visibility over production environments with real-time insights and actionable data.
• Pick to Light
• Andon
• BPS Mandon
• BPS Digital Instructions
• BPS Dashboard
• Takt

Quantifiable outcome

• Takt time reduced by 3 minutes per pick at Toyota Material Handling without adding staff
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature19 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Binar GroupcoreStrategic or Co-development PartnerBinar Group unites Binar Technology (rugged devices and hardware) and Binar Solutions (software and systems) under a shared foundation of strength, scale, and vision. Binar Solutions draws on shared expertise and innovation from Binar Group to deliver combined hardware and software solutions.
• Binar TechnologycoreStrategic or Co-development PartnerPart of Binar Group, Binar Technology accelerates industrial innovation through custom rugged hardware. It enables seamless performance in demanding environments and translates unique customer needs into advanced, durable devices that Binar Solutions can incorporate into integrated offerings.
• Argynnis GroupcoreStrategic or Co-development PartnerParent holding company of Binar Group. Argynnis Group provides the overarching organizational foundation for Binar Solutions and related companies.
• Third-Party Hardware and Software Integration PartnerssupportingTechnology or IntegrationBinar Solutions integrates third-party systems with their solutions using experienced technicians. They work with various hardware and software partners to ensure seamless connectivity and efficiency. Integration supports ERP, MES, PLC, Profinet, CAN bus, Ethernet, Wifi, USB, and Bluetooth protocols.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aegis Software (FactoryLogix): MES / Industry 4.0 platform covering traceability, quality, and assembly execution for electronics and industrial manufacturers. Comparable to BPS as an integrated MES offering with strong traceability and quality modules.
• Lighthouse Systems: Provider of Andon, OEE, and Lean MES software for manufacturers, with deep automotive and industrial installed bases. Closely comparable to BPS's Andon, Takt, and OEE Counter modules and similar European customer profile.
• Critical Manufacturing: MES provider for complex discrete manufacturers (semiconductors, electronics, medical devices) with a modular architecture for production tracking, traceability, and quality. Comparable to BPS as a modern MES suite targeting regulated and high-mix production environments.
• Tulip Interfaces: Cloud-native frontline operations and MES platform used by manufacturers to digitize assembly, quality, and training workflows. Comparable to BPS as a modular shop-floor software platform, though Tulip emphasizes no-code cloud apps while Binar's BPS is on-premises and tightly bundled with custom hardware.
• iBASEt (Solumina): MES platform for aerospace, defense, and industrial manufacturers covering work instructions, quality, and shop-floor execution. Comparable to BPS as a manufacturing-execution suite, though iBASEt is deeper in regulated aerospace/defense while Binar is stronger in automotive assembly.
• FORCAM: MES and OEE solutions focused on real-time shop-floor transparency, Andon, and Takt-based flow production. Highly comparable to BPS's Lean Production modules and shared European manufacturing customer base.

Broad incumbents

• PTC ThingWorx: Industrial IoT and connected-operations platform that enables MES-style shop-floor apps, dashboards, and device connectivity. Comparable to the LP304 IoT gateway and BPS Dashboard capabilities, but part of PTC's much larger CAD/PLM ecosystem.
• Siemens Opcenter: Siemens's flagship MES suite within the Xcelerator portfolio, used for production planning, execution, quality, and traceability. Competes with BPS at the high end of the MES market with global reach but is far broader and more standardized than Binar's modular, customization-led platform.
• Bosch Connected Industry: Division of Bosch offering Industry 4.0 / IoT solutions including MES, line connectivity, and factory analytics. Overlaps with BPS but at much larger scale and with broader automation, sensor, and software portfolios than Binar's niche offering.

Regional players

• Banner Engineering: US-based industrial automation and Pick-to-Light hardware supplier whose K50 and PICK-IQ product lines directly overlap with Binar's LP352, MWU, and K50/K30 hardware. Comparable on the rugged-shop-floor hardware side while lacking Binar's bundled MES software.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/binarsolutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Binar Solutions