Promeco

What Promeco does

Promeco Group Oy is a Finnish family-owned industrial company founded in 1971 in Kankaanpää, Finland, providing custom electrical and mechanical engineering and manufacturing solutions for the marine, railway, energy, and general industrial sectors. The company operates five production units across Finland (two in Kankaanpää covering a combined 20,000 m² and one in Vaasa covering 9,600 m²) and Poland (Gościcino covering 3,800 m² and Strzebielino covering 1,050 m²), employing approximately 670 production experts in design, manufacturing, and project delivery.

The technical scope spans eight interconnected product lines: Power Distribution, Drive Systems, Modular Switchgear, Enclosures and Structures, Thermal Insulation, Electromechanical Assemblies, Integrated Module Platforms (including battery energy storage systems, charging solutions, and defense shelters), and Ventilation Solutions. Notable proprietary capabilities include a first-in-world approved bus system for ship electrical distribution developed in partnership with ABB, SOLAS-compliant thermal insulation systems, friction stir welding for railway applications, and redundant electrical architectures validated through laboratory testing. The company holds ten industry certifications including ISO 9001/14001/45001/27001, EN 15085 CL1, EN ISO 3834-2, UL 508A, DNV Manufacturing Survey Arrangement, and Bureau Veritas MODE I Manufacturing Classification Rights.

Promeco serves enterprise customers under multi-year project-based contracts through direct B2B sales, with named relationships spanning OEMs and tier-1 technology companies including ABB, Alstom, Siemens, Škoda, Meyer Turku, RMC, Wasaline (Kvarken Link), WE Tech Solutions, Senop, and Maillefer. Disclosed group annual turnover is approximately €100 million. In late 2023, Finda Oyj acquired a 40% equity stake, joining the Ojala family (now in second-generation ownership) as co-owner. Pricing is custom quote-based, with solutions tailored to customer specifications and no public pricing available.

Name

Promeco

Legal name

Promeco Group Oy

Website

https://promeco.fi

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

Promeco is a Finnish family-owned industrial manufacturer founded in 1971 that designs and builds custom electrical and mechanical systems, including power distribution, switchgear, and insulation solutions, for shipbuilders, rail OEMs, energy companies, and industrial machinery manufacturers across Finland and Poland.

Ownership category

akta.pro rank

Product category

Industrial Electromechanical Systems Manufacturing

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (33531)

SIC

Switchgear & Switchboard Apparatus (3613), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Integrated Marine Electrical Systems & Switchboards (IMAJAJAA)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), AC-DC Power Supplies (Industrial PSUs, DIN-rail, enclosed/open-frame) (IMAGADAA)

Keywords

• Electromechanical manufacturing
• Marine electrical systems
• Power distribution equipment
• Railway welding solutions
• Industrial enclosures

Headquarters

HQ city

Kankaanpää

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Electromechanical Manufacturing: Project-based engineering and manufacturing of custom electrical and mechanical systems for demanding industrial applications. Solutions range from individual components to fully integrated module platforms delivered as turnkey solutions.
2. Engineering Services: Design support, project management, installation, testing, and lifecycle support services bundled with product deliveries or as standalone services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Promeco designs, engineers, and manufactures custom electromechanical systems and solutions for marine, energy, railway, and industrial customers. Their offering spans eight product lines — power distribution, drive systems, modular switchgear, enclosures and structures, thermal insulation, electromechanical assemblies, integrated module platforms, and ventilation solutions — complemented by engineering, installation, testing, lifecycle support, and project management services delivered as turnkey solutions.

Product overview

Promeco is an electromechanical systems provider offering a unified portfolio of eight interconnected product lines for demanding industrial environments (marine, railway, energy, and manufacturing). The portfolio spans the full electromechanical spectrum: Power Distribution and Drive Systems handle electrical power management and motion control; Modular Switchgear provides the foundational distribution infrastructure; Enclosures and Structures and Thermal Insulation deliver mechanical protection and safety; Electromechanical Assemblies integrate both domains; Integrated Module Platforms bundle multiple systems into turnkey units; and Ventilation Solutions address thermal management. Solutions are complemented by Engineering, Electrical Solutions, Mechanical Solutions, Quality Assurance, Installation and Testing, Lifecycle Support, and Project Management services.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Distribution Comprehensive electrical power distribution solutions for ships, power plants, and demanding industrial systems, ensuring safe, reliable, and efficient electricity distribution throughout the system lifecycle. For shipbuilders, energy companies, and industrial operators.
• Drive Systems Single and multi-drive motor control solutions for propulsion and auxiliary systems on vessels and industrial applications, including hybrid and electric solutions for up to 1000 VAC and 1500 VDC. For shipbuilders, vessel operators, and industrial customers.
• Modular Switchgear Modular switchgear solutions forming the backbone of reliable electrical distribution, deployed on vessels from small tugboats to luxury cruise ships worldwide, supporting voltages up to 1000 VAC and currents up to 8500 amperes. For shipbuilders and industrial operators.
• Enclosures and Structures Welded and riveted steel and aluminum enclosures and structures for demanding environments including rail systems, shelters, marine, offshore, and heavy industrial applications, designed to withstand vibration, environmental stress, and mechanical loads. For railway, marine, and industrial customers.
• Thermal Insulation High-quality thermal insulation solutions for marine and power plant applications, featuring modular designs with AISI 304 stainless steel outer shells and mineral wool cores, rated for surface temperatures up to 600°C and compliant with SOLAS regulations. For marine shipbuilders and power plant operators.
• Electromechanical Assemblies Integrated electromechanical assemblies combining mechanical manufacturing, electrical systems, assembly, and testing into a single delivery, covering winding and traction machines, electrical cabinets, mechanical enclosures, and tested sub-systems. For railway, marine, energy, and industrial manufacturers.
• Integrated Module Platforms Integrated modules combining structures, electrical systems, and system integration into customer-specified turnkey solutions including welded steel and aluminum container structures, battery energy storage systems (BESS), charging solutions, defense shelter systems, and marine deck house integration. For marine, energy, and defense customers.
• Ventilation Solutions Customized process ventilation extraction units, ventilation modules, and generator exhaust air channels for demanding power plant and industrial applications, covering design, manufacturing, and on-site installation for high-temperature, cold, and arctic conditions. For power plant operators and industrial customers.

Quantifiable outcome

• First in the world bus system implementation approved for shipbuilding
• +3 more outcomes

Named customers10 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

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and major.

• ABBcoreTechnology or Integration · 1 January 2022Long-term technology partner for marine electrical solutions. Collaborated on first-in-world approved bus system for ship electrical distribution. ABB provides technical support and laboratory testing facilities in Italy. Partnership aimed at 'shipbuilding 4.0' digitalization in maritime industry.
• WE Tech SolutionscoreTechnology or IntegrationCollaboration partner on Wasaline Aurora Botnia project. Partnered on intelligent circuit breaker solutions starting from ABB training in Germany. WE Tech enabled Promeco's solutions to be sold to shipyard.
• RMC (Rauma Marine Construction)coreStrategic or Co-development PartnerShipbuilding company customer engaged from system design phase. Partnered with Promeco and ABB on TT-Lines vessel main switchboard solutions. RMC embraced new technology paths in shipbuilding.
• TT-LinesmajorStrategic or Co-development PartnerShip owner for which Promeco delivered main switchboard solutions for two vessels with innovative bus system electrical distribution.
• Cable and Tube Production Partner (unnamed)coreStrategic or Co-development PartnerOver 10-year partnership for design, engineering, and production of machines for cable and wire manufacturing. Promeco opened dedicated factory unit in Poland to meet partner's demands. Machines used globally for irrigation, medicine, subsea cables, and fiber optics industries.
• Wasaline (Kvarken Link)majorStrategic or Co-development PartnerOwner of Aurora Botnia ferry operating between Vaasa and Umeå. Promeco delivered intelligent electrical distribution system for most environmentally friendly vessel in its class.
• Classification SocietiescoreStrategic or Co-development PartnerCollaboration with ship classification societies for approval of new electrical distribution solutions. Approval enables replication of systems in other projects globally.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Schneider Electric: Schneider Electric offers industrial switchgear, motor control, drives, and energy management across marine, rail, energy, and industrial markets. A broad incumbent competitor to Promeco's modular switchgear and drive systems portfolio with global scale and deeper digital offerings.
• Legrand: Legrand is a global specialist in electrical and digital building infrastructure, including industrial enclosures, power distribution, and switchgear systems. Comparable to Promeco's enclosures, structures, and modular switchgear offerings, particularly for rail and industrial applications.
• Rockwell Automation: Rockwell Automation supplies industrial control, motor control, and switchgear products globally across manufacturing, rail, and energy verticals. Comparable to Promeco's drive systems, modular switchgear, and integrated module platforms from a control-and-automation angle.
• ABB Marine & Ports: ABB's Marine & Ports division supplies integrated electrical propulsion, power distribution, and automation systems for vessels globally. Both a Promeco partner (laboratory testing in Italy, bus system co-development) and a broad incumbent competitor in marine switchboards and drives.
• Kongsberg Maritime: Kongsberg Maritime delivers electrical, automation, and integrated vessel systems including power management, drives, and switchboards. Comparable to Promeco's marine electrical distribution and integrated module platforms, with broader software/digital scope.
• Wärtsilä: Wärtsilä is a major marine and energy systems integrator providing hybrid propulsion, energy storage, and vessel electrical systems. Comparable to Promeco's marine electrical integration and BESS module offerings, with far greater scale and lifecycle-service breadth.
• Eaton: Eaton is a global power management company with a strong switchgear, power distribution, and industrial control portfolio. Comparable to Promeco's modular switchgear, power distribution, and enclosures business across marine, rail, and industrial verticals at much larger scale.

Direct peers

• Danfoss Drives: Danfoss is a leading manufacturer of AC and DC variable-frequency drives, including marine-certified drives for propulsion and auxiliaries. Directly comparable to Promeco's single and multi-drive motor control solutions for vessels and industrial hybrid/electric applications.
• Cavotec: Cavotec designs and manufactures marine electrification, shore power, and power distribution systems for ports and vessels. Highly comparable to Promeco's marine power distribution, switchgear, and integrated module offerings, with overlapping customer base of shipbuilders and vessel operators.

Emerging players

• Bystronic: Bystronic is an industrial manufacturer producing machines and integrated solutions for sheet metal processing and similar industrial production. Comparable as a European-based custom electromechanical manufacturer serving global industrial machinery customers, though in a different end-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCOqOP-TP7sQSJNL9rkiPPHg/videos
• Facebookfacebook.com/PromecoGroupOy
• LinkedInfi.linkedin.com/company/promeco-group
• Instagraminstagram.com/promecogroupoy

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Promeco