ETP Kraftelektronik

What ETP Kraftelektronik does

ETP Kraftelektronik AB is a Sweden-headquartered system integrator specializing in the electrification of mobile and marine machinery. Founded circa 1977 and based in Partille near Gothenburg, the company distributes and integrates high- and low-voltage components — motors (DC, AC induction, PMAC and high-voltage units from Danfoss Editron and Parker), inverters, lithium-ion batteries (Inventus Power PROformance and Flash Battery), chargers (onboard and offboard), control systems, contactors, gearboxes and hydraulics — into complete, application-tailored powertrains for OEM customers. Vertical coverage spans Construction & Contracting, Material Handling, Marine, Agriculture & Forestry, City Maintenance, plus secondary exposure in Mining, Airport ground support, Defense and eMobility/Truck Bodies.

The business model combines hardware pass-through from world-leading manufacturers with system integration services and aftermarket support. ETP is the first Parker Certified Mobile Electrification Centre in the Nordics (since October 2024), holds a 30+ year partnership with Italian motor maker CFR, and announced a strategic battery partnership with Flash Battery in June 2026. The company is part of Volito Industri and works closely with sister company HydX on electro-hydraulic solutions, while HydSupply handles aftermarket service. Distribution runs through direct consultative sales to Nordic OEMs, leveraging a Gothenburg warehouse for components and spare parts.

Revenue mechanics are quote-based and project-driven; pricing is not publicly disclosed. With 15 employees across four Swedish locations and 857 electrified machines delivered in 2024, ETP recorded record order intake in the first half of 2026, its strongest half-year in company history, and was named Årets utvecklingsföretag (Development Company of the Year) 2026 by Partille Municipality and Business Region Göteborg.

Name

ETP Kraftelektronik

Legal name

ETP Kraftelektronik AB

Website

https://etpab.se

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

ETP Kraftelektronik is a Sweden-based system integrator that designs, sources and integrates complete electrification solutions — motors, inverters, batteries, chargers and controls — for Nordic OEMs building mobile and marine machinery across construction, material handling, marine, agriculture and municipal segments.

Ownership category

akta.pro rank

Product category

Electrification System Integration for Mobile Machinery

NAICS

Mechanical Power Transmission Equipment Manufacturing (333613), Commercial and Service Industry Machinery Manufacturing (333310)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Special Industry Machinery, Nec (3559), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL)

akta.pro secondary industries

Shore Power & Electrification Systems (Cold Ironing, Charging Interfaces) (IMAJAJAM), Propulsion Control, Monitoring & Automation (ECS, PMS interface) (IMAJAHAH), Integrated Marine Electrical Systems & Switchboards (IMAJAJAA)

Keywords

• Electrification system integration
• Mobile machinery components
• Electric motors
• Lithium-ion battery solutions
• Marine propulsion electrification

Headquarters

HQ city

Partille

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electrification Components and Systems: ETP generates revenue through the sale of electrification components (motors, inverters, batteries, chargers, control systems, gearboxes, contactors, hydraulics) and complete system solutions. They act as a distributor for world-leading manufacturers and as a system integrator developing customized solutions for OEM customers.
2. System Integration and Development Services: Revenue from designing and developing complete electrification systems, providing technical consulting from concept to finished solution, including testing, validation, and implementation support.
3. Aftermarket and Support Services: Service, support, preventive maintenance and optimization services, including spare parts supply from their warehouse in Gothenburg or direct from manufacturers.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

ETP Kraftelektronik is a system integrator specializing in electrification solutions for mobile and marine applications. The company designs and delivers complete electrification systems for OEMs, combining motors, motor controllers/inverters, batteries, chargers, control systems, hydraulics, and gearboxes sourced from world-leading manufacturers (Danfoss Editron, Parker Hannifin, CFR, Flash Battery, Inventus Power). They provide end-to-end services from concept evaluation and component selection through integration, testing, validation, and aftermarket support.

Product overview

ETP Kraftelektronik is a system integrator specializing in electrification solutions for mobile and marine applications. Their product portfolio consists of individual components including DC motors, AC induction motors, PMAC motors, HV motors (Danfoss Editron EM-PMI, Parker GVM), low and high voltage inverters, electric drive wheels, lithium batteries (Inventus Power PROformance Series, Flash Battery), onboard/offboard chargers, control systems, contactors, hydraulics, and gearboxes. These components are integrated into complete electrification systems designed and engineered for demanding off-highway applications. ETP operates as a Certified Mobile Electrification Centre partner to Parker Hannifin and works with strategic suppliers including Danfoss Editron, CFR, Flash Battery, and sister company HydX for electro-hydraulic solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• DC Motor
• AC Induction Motor
• PMAC Motor
• HV Motors (Danfoss Editron EM-PMI and Parker GVM)
• Inverter
• Electric Drive Wheels
• Battery - PROformance Series
• Battery - Flash Battery
• Chargers - Onboard (Low Voltage)
• Chargers - Onboard HV
• Chargers - Offboard
• Chargers - Offboard Fast
• Control System
• Contactor
• Hydraulics
• Gearboxes

Quantifiable outcome

• 857 electrified machines under their solutions during 2024
• +3 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered flagship, core, minor and strategic.

• Flash BatteryflagshipStrategic or Co-development Partner · 12 June 2026Strategic partnership with one of Europe's leading manufacturers of lithium battery systems for off-highway applications. Flash Battery provides highly customizable battery solutions (24V-850V, 7-400kWh) with proprietary BMS technology and remote monitoring capabilities.
• Parker HannifinflagshipTechnology or Integration · 1 October 2024ETP became the first in the Nordic region to achieve Parker Certified Mobile Electrification Centre (CMEC) certification. Partnership provides access to Parker's extensive product portfolio including electric motors, drive systems, cooling, hydraulics and control systems.
• Volito IndustricoreOthersETP is part of Volito Industri, which brings together industry-leading players in industrial automation. Volito Industri includes ETP, HydSupply (service and support), and HydX (hydraulics, electronics and electrification solutions).
• HydXcoreStrategic or Co-development PartnerSister company within Volito Industri delivering innovative and sustainable technology solutions in hydraulics, electronics and electrification. ETP and HydX collaborate on electro-hydraulic solutions, combining hydraulics robustness with electrification precision.
• HydSupplyminorOthersSister company within Volito Industri offering service, support, preventive maintenance and optimization. An aftermarket partner providing reliable post-sale support.
• Danfoss EditronflagshipTechnology or IntegrationPartnership for high-voltage solutions including motors (EM-PMI up to 1,000 kW), EC-C converters, and charging technology. Danfoss Editron provides world-leading components for demanding off-highway and marine applications.
• CFRcoreTechnology or Integration30+ year partnership with Italian motor manufacturer in Modena's Motor Valley. CFR provides electric motors including PMAC, AC and DC solutions with outputs up to 70 kW and protection levels up to IP67. Partnership enables complete solutions from motors to integrated motor-gearbox systems.
• Electrified MotorsstrategicTechnology or IntegrationPartnership providing access to high-performance motor solutions for demanding off-highway applications. PMAC motors with high power-to-weight ratio and exceptional efficiency.
• Inventus PowerstrategicTechnology or IntegrationProvider of PROformance Series lithium-ion batteries (24V-48V, 20Ah-60Ah) for motive applications. Advanced battery systems designed for demanding environments with global certifications (UL, TUV).
• Business Region GöteborgminorOthersCollaboration on business development initiatives. Business Region Göteborg co-awarded ETP the Development Company of the Year 2026 recognition.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• HydX: Sister company within Volito Industri delivering hydraulics, electronics, and electrification solutions for mobile machines. ETP and HydX collaborate on electro-hydraulic solutions, making HydX the closest comparable Nordic system integrator, differentiated only by its stronger hydraulics focus.
• KEB Automation: German manufacturer of drives, motors, and control technology with a dedicated mobile automation division. KEB is a direct peer because it provides integrated electrification solutions (inverters, motors, controllers) for forklifts, AGVs, and off-highway vehicles — overlapping with ETP's low-voltage and material handling focus.
• ARADEX: German specialist in electric powertrains and power electronics for mobile machinery, commercial vehicles, and marine. ARADEX is a direct peer as it integrates inverters, motors, and battery systems for off-highway OEMs with a similar system-integration business model.

Broad incumbents

• ABB E-mobility: Global leader in electrification and motion, with industrial drives and e-mobility products serving heavy-duty and marine markets. ABB is a broad incumbent that competes with ETP in supplying motors, drives, and power electronics to OEM integrators.
• Wärtsilä: Global marine technology leader with growing marine electrification and hybrid solutions portfolio. Comparable to ETP's marine segment (rescue boats, commercial vessels) but at vastly larger scale with full system, engine, and integrated powertrain offerings.
• Bosch Rexroth: Global leader in drive and control technologies for mobile and stationary applications. Bosch Rexroth competes with ETP indirectly through factory-level electrification kits, eLION platform, and direct OEM engineering support for off-highway and construction machinery.
• Parker Hannifin: Global incumbent in motion and control technologies whose Mobile Electrification Centre program certified ETP as the first Nordic partner. Parker offers competing motors, drives, and hydraulic systems for off-highway OEMs, making it both a supplier and a broad competitor in the integration value chain.
• Danfoss Power Solutions (Editron): Danfoss Editron is ETP's flagship component supplier for high-voltage motors and converters, and Danfoss Power Solutions is a broad incumbent in mobile machinery electrification. Comparable because they serve overlapping OEM customers with motors, converters, and integrated powertrains, though at much larger scale and with deeper product IP.
• Siemens Industrial Drives: Major industrial drives and automation supplier with offerings for marine and heavy-duty applications. Siemens competes with ETP indirectly through OEM-direct inverter and automation sales, particularly in larger shipyards and industrial OEMs.

Regional players

• Volvo Penta: Volvo Group's marine and industrial power brand, headquartered in Sweden, with electric driveline solutions for marine and off-highway applications. Comparable to ETP's marine and industrial electrification focus, with stronger OEM parent backing but less specialization in small/mid-size Nordic mobile machinery electrification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInse.linkedin.com/company/etp-kraftelektronik-ab
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 ETP Kraftelektronik