Runtime Engineering

What Runtime Engineering does

Runtime Engineering AB is a Gothenburg, Sweden-based specialist engineering company founded in late 2017 as an initiative within the Erinova Group. It focuses on three product categories for industrial customers: industrial fans (supply, spare parts, and lifecycle service including vibration measurement and 3D scanning-enabled reverse engineering); compressor valves and sealing products for reciprocating compressors (Manley, MOPPET, and Optima valve series distributed under an exclusive Nordic representation agreement with Cook Compression); and compensators (rubber, steel, and fabric variants, including the Chem series for aggressive media) distributed in partnership with VM Kompensator AS in Denmark.

The company's technology proposition rests on a full-chain service model — inspection, disassembly, troubleshooting, manufacturing, assembly, documentation, and follow-up — combined with sister-company capabilities. MLT Maskin & Laserteknik AB contributes industrial measurement technology, balancing, vibration online systems, and 3D scanning for digitizing legacy parts without original drawings; PROTOMA contributes sealing solutions and broader service experience. Documentation is captured in the cloud-based Proportalen portal. The combined offering aims to extend equipment runtime, reduce unplanned downtime, and enable spare-parts supply regardless of original OEM.

Commercially, Runtime Engineering operates three revenue streams: hardware sales of valves, fans, and compensators; professional services for inspection, repair, optimization, and modernization; and paid training courses plus customized on-site training. Go-to-market combines direct enterprise field sales by product specialists, channel/reseller relationships (Cook Compression, VM Kompensator), and an annual maintenance seminar (Underhållsseminariet) for demand generation. Customers concentrate in Nordic energy/utilities, process industries, and adjacent verticals in Sweden, Finland, Norway, and Denmark, including Vattenfall, Mälarenergi, Söderenergi, E.ON, Preem, Södra, and AkzoNobel.

Name

Runtime Engineering

Legal name

Runtime Engineering AB

Website

https://run-time.se

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Runtime Engineering AB is a Gothenburg-based specialist within the Erinova Group supplying industrial fans, compressor valves, and compensators, plus full-chain service and training, to Nordic energy, process, and industrial enterprises across Sweden, Finland, Norway, and Denmark.

Ownership category

akta.pro rank

Product category

Industrial Fans and Compressor Components

NAICS

Pump and Compressor Manufacturing (33391), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Commercial and Service Industry Machinery Manufacturing (33331)

SIC

Refrigeration & Service Industry Machinery (3580), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Aftermarket Parts, Service & Remanufacturing (Pumps/Compressors) (IMAHANAJ)

akta.pro secondary industries

Air & Gas Compressors (General Purpose) (IMAHANAE), Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Pneumatic Components (FRLs, Cylinders, Valves) (IMAHAGAC), Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL)

Keywords

• Industrial fans
• Compressor valves
• Compensator solutions
• Vibration monitoring
• Industrial maintenance services

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Product Sales: Sales of industrial fans, compressor valves, sealing products, and compensators. Products include Manley valves, MOPPET valves, Optima valves, rubber compensators, steel compensators, and fabric compensators. Revenue from replacement parts regardless of brand.
2. Service and Maintenance: Comprehensive service offerings including inspection, troubleshooting, optimization, modernization, repair, and maintenance of industrial fans, compressors, and compensators. Fan revision services with cloud-based documentation via Proportalen.
3. Training and Education: Customized training courses within all business areas including fan assembly, service, compensators, piston compressors, and industrial fans. Training can be conducted on-site or at company premises.
4. Representation Agreements: Exclusive representation of Cook Compression products and services in Sweden, Finland, Norway, and Denmark. Revenue from representing third-party products and services.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Runtime Engineering supplies industrial fans, compressor valves and sealing products, and compensators (rubber, steel, fabric), complemented by maintenance, repair, optimization, vibration monitoring, and training services. The company distributes Cook Compression compressor valves and VM Kompensator compensators across the Nordic region, and offers spare parts, 3D-scanning-based reverse engineering, and full-chain compensator services to industrial operators.

Product overview

Runtime Engineering is a specialist engineering company within the Erinova Group, founded in late 2017, focused on industrial fans, piston compressors, and compensators. The core product portfolio consists of three product lines: (1) Industrial Fans with spare parts (fan wheels, bearing units, shafts, housings, guide vanes) and fan service including inspection, fault diagnosis, optimization, modernization, and vibration monitoring; (2) Compressor Valves — Optima flat valves, MOPPET valves (thermoplastic disc elements), and Manley valves — sourced through Cook Compression distribution; and (3) Compensators — rubber (VM Kompensator A/S), steel, and fabric/woven types — backed by full lifecycle services from inspection through manufacturing, assembly, and documentation. Supporting the product portfolio, Runtime Engineering offers fan service, technical training courses, and custom on-request education. The company operates as both a product distributor and a services provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Fans (Industrifläktar) Supply and service of industrial fans regardless of original brand, including spare parts (fan wheels, bearing units, shafts, housings, guide vanes), 3D scanning for reverse-engineering of legacy components, vibration monitoring, fault diagnosis, optimization, and modernization. Target customers are Nordic energy, manufacturing, and process industry operators.
• Compressor Valves and Sealing Products Distribution and sale of compressor valves and sealing products for piston and piston-rod compressors, helping customers extend operating time and save energy. Includes the Optima, MOPPET, and Manley valve families via Cook Compression, and adjacent sealing solutions for industrial compressor operators.
• Compensators (Full-Chain Service) Full-chain compensator service covering inspection, disassembly, fault diagnosis, measures, manufacturing, assembly, documentation, and follow-up. Distribution of rubber, steel, and fabric compensators from VM Kompensator AS in Denmark for temperature, vibration, and pressure compensation in duct and pipe systems.
• Optima Valve Flat valve series with interchangeable original components for air and process gas compressors, including cooling, marine, and locomotive brake applications. Application-specific precision manufacturing extends compressor lifespan, resolves chronic valve problems, and reduces total operating costs.
• MOPPET Valve Valve built from a series of small, identical rounded disc elements made of durable, lightweight thermoplastic material, optimized per application to deliver longer operating time and reduced total cost. NACE specification compliant.
• Manley Valve Standard-setting compressor valve introduced in 1971 by Cook Compression, featuring rounded concentric discs for efficient gas flow, smooth flow path, thermoplastic discs for better sealing, and custom tailoring to specifications.
• Rubber Compensators (Gummikompensatorer) Rubber compensators from VM Kompensator A/S with 25 years of experience, available in various qualities with different reinforcement materials for vibration damping and absorption of axial, lateral, and angular movements. Sizes from DN 20 to 1000.
• Steel Compensators (Stålkompensatorer) Stainless-steel compensators, rolled or hydraulically formed, available in Type 1000 (exhaust), Type 2000 (axial), Type 3000/3500 (lateral), Type 4000/4500 (angle), and Type 5000 (heat area). Multilayer bellows absorb significant axial, lateral, and angular movement.
• Fabric Compensators (Vävkompensatorer) Fabric compensators designed per purpose depending on media, pressure, and temperature, ranging from -40°C to 1000°C. Types include single-layer, multi-layer, pre-installed, and Chem series for aggressive environments.
• Fan Service Comprehensive fan service including status control (vibration, alignment), inspection of critical parts (couplings, seals, vibration dampers), visual inspection of fan wheel and housing, cloud-based documentation of all service points in Proportalen, and control of connecting components. 200+ service assignments delivered annually.
• Fan Assembly and Fan Service Training Two-day training course covering assembly of new fans or fan components, service on existing fans, foundations, drive types, speeds, impeller types, bearing assembly, shaft seals, coupling types, and best-practice techniques. Priced at 9,200 SEK per participant.
• Custom Training on Request Customized training across all Runtime, PROTOMA, and MLT business areas — including fans, compensators, compressors, pumps, sealing technology, vibration measurement, and alignment — delivered on-site or at company premises.

Quantifiable outcome

• More than 200 annual service assignments within industry
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Cook CompressioncoreChannel Partner/ Reseller/ Distributor · 1 January 2017Exclusive representation agreement signed in 2017 for Cook Compression products and services in Sweden, Finland, Norway, and Denmark. Products include Manley valves, MOPPET valves, and Optima valves for compressors.
• VM Kompensator AScoreChannel Partner/ Reseller/ DistributorPartnership with VM Kompensator AS in Denmark for compensator products (steel, fabric, and rubber). VM Kompensator has extensive experience and flexibility in production, offering personalized customization of bellows according to customer needs.
• PROTOMAcoreStrategic or Co-development PartnerSister company within Erinova Group providing experience in service work and broad knowledge in sealing issues, compensators, and energy measurements and optimizations. Co-selling partner for compensators and shared training programs.
• MLT Maskin & Laserteknik ABcoreStrategic or Co-development PartnerSister company providing industrial measurement technology including balancing, troubleshooting, and vibration online systems. Offers 3D scanning for digitizing existing parts through CAD drawings, enabling spare parts production without original drawings.
• Baekke Danmark / VM Kompensator ASminorChannel Partner/ Reseller/ DistributorTeam dedicated to compensators of all kinds (steel, fabric, and rubber) with extensive experience. Highly flexible and fast in production, offering personal customization of bellows.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• HOERBIGER: Global leader in reciprocating compressor valves, sealing technology and rotating equipment services. Overlaps directly with Runtime's compressor valve and compensator activities but at much larger scale and broader geography.
• Witzenmann: German-led global manufacturer of metallic and fabric expansion bellows/compensators. Competes with Runtime in the compensator product line, especially for process and chemical industry customers.
• Sulzer: Swiss industrial services and rotating equipment provider with strong presence in pumps, compressors and fans. A direct peer in industrial fan and compressor aftermarket service to similar Nordic and European customers.
• Howden: Large industrial fan and compressor OEM with global aftermarket service. Overlaps with Runtime's industrial fan service, spare parts, and modernization offerings across the same energy and process end markets.
• Atlas Copco: Swedish-headquartered global leader in compressors, industrial tools and related services. Competes with Runtime indirectly through its compressor service business and provides a benchmark for what a scaled Nordic compressor service operation looks like.

Direct peers

• TLT-Turbo: German specialist in industrial fans and blowers for power generation and process industries. Direct competitor to Runtime in industrial fan service, optimization and spare parts for European utility and industrial customers.
• Cook Compression: Global manufacturer of compressor valves (Manley, MOPPET, Optima) and provider of reciprocating compressor services. Both a principal supplier to Runtime and a direct peer offering the same compressor-valve products and aftermarket services worldwide.
• Burckhardt Compression: Swiss OEM and aftermarket service provider for reciprocating compressors. Competes with Runtime in compressor valve replacement, spare parts and service work for industrial compressor fleets.
• VM Kompensator AS: Danish manufacturer of steel, fabric and rubber compensators. Currently a product supplier to Runtime but also a potential direct competitor if VM Kompensator chose to serve Nordic customers directly.

Regional players

• Fläkt Woods: European industrial air technology specialist in fans and air handling. Direct competitor in industrial fan service, retrofit and spare parts across the same Nordic and Northern European customer base Runtime serves.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/runtime-engineering

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Runtime Engineering