What XANO does

XANO Industri AB (publ) is a Swedish public industrial manufacturing group that develops, acquires, and operates niche technology companies with unique or market-leading products and systems. Founded in 1937 in Jönköping and listed on Nasdaq Stockholm since 1988, the group is organized into three business units: Industrial Products (polymer processing via rotational, injection, and blow molding, including proprietary boat/marine and tank lines under brands such as Cipax and Pioner), Industrial Solutions (automation and production systems, integration technology, industrial digitalization software, and contract manufacturing), and Precision Technology (advanced CNC machining, industrial 3D printing, and laser welding, with particular strength in defense and medical technology).

The group operates 30+ wholly-owned subsidiaries across seven countries (Sweden, Norway, Denmark, Finland, Estonia, Netherlands, Poland, China, USA, Australia) and has executed approximately 70 acquisitions since the 1980s. Recent inorganic moves include Graniten Engineering (pharma/medical automation, 2024), DRP/Cipax Danmark (rotational molding, 2024), ALTEK USA (can-testing equipment, 2025), and Veldkamp (Dutch technical services and circular business models, 2026). Revenue streams combine custom manufacturing services (project-based, multi-year contracts) with proprietary product sales and automation systems; pricing is negotiated per project and not publicly disclosed.

In FY2025, XANO reported net sales of 3,402 MSEK, EBIT of 319 MSEK (operating margin 9.4%, up from 5.5% in FY2024), operating cash flow of 450 MSEK, and a 50% equity ratio against a 30%+ target. The group is controlled by Anna Benjamin (56.8% voting / 27.1% capital) and Pomona-gruppen (29.2% voting / 28.2% capital), with 5,093 shareholders at year-end 2025; B-shares trade on Nasdaq Stockholm Mid Cap under XANO. An updated 12% EBIT-margin target (replacing the prior 8%) was set in 2026.

Name

XANO

Legal name

XANO Industri AB (publ)

Website

https://xano.se

Company type

Public

Founded year

1937

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

XANO Industri AB is a Swedish public industrial group that develops, acquires, and operates niche manufacturing companies in polymer processing, automation, and precision machining, serving B2B enterprise customers in pharmaceuticals, medical technology, food packaging, and defense across seven countries via 30+ wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Industrial Manufacturing

NAICS

Industrial Machinery Manufacturing (33324), All Other Industrial Machinery Manufacturing (333248), Machinery Manufacturing (333)

SIC

General Industrial Machinery & Equipment (3560), Metalworkg Machinery & Equipment (3540)

akta.pro primary industry

Industrial & Machinery Injection Molded Components (Gears, Wear Parts) (IMANAFAF)

akta.pro secondary industry

Electronics & Industrial Component 3D Printing Services (enclosures, fixtures, functional parts) (IMAAADAL)

Keywords

• Industrial contract manufacturing
• Polymer rotational molding
• Precision CNC machining
• Industrial automation systems
• Custom manufacturing services

Headquarters

HQ city

Jönköping

HQ country

Sweden

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Manufacturing Services: A large portion of the group's operations are focused on direct customer projects including project management, assembly, and distribution, as well as pure manufacturing services concentrated around various methods for developing products in metal and plastic. Logistics services such as warehousing, packaging, and distribution are also offered.
2. Proprietary Products: Several group companies develop and sell their own proprietary product lines. Industrial Products includes a wide range of boats and marine products. Cipax develops industrial containers and underground tanks. Ackurat develops furniture feet series like PIN-CH.
3. Automation and Production Systems: Industrial Solutions develops and delivers automation and production solutions that streamline manufacturing processes and reduce resource consumption. Includes integration technology and software solutions for industrial digitalization.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

XANO develops, acquires and operates industrial manufacturing businesses that produce custom and proprietary components and systems in metal and plastic, together with automation and production solutions. Through three business units — Industrial Products (polymer molding), Industrial Solutions (automation, production systems, and integration software), and Precision Technology (CNC machining, 3D printing, laser welding) — it serves industrial customers with both contract manufacturing services and its own market-leading product lines such as packaging machinery, rotational molded tanks, and boats.

Product overview

XANO is a group of niche technology companies organized into three business units: Industrial Products (rotational moulding, injection moulding, blow moulding with focus on circular material flows), Industrial Solutions (automation and production solutions, integration technology, industrial digitalization software), and Precision Technology (advanced machining, industrial 3D printing, laser welding). The portfolio includes acquired brands such as Lundgren Machinery (carton handling equipment), IPS (production optimization for can industry), Graniten (high-tech automation for pharma/medical), Cipax (rotational moulding), Veldkamp (technical service/lifecycle services), and CIM (industrial software/digitalization). The companies offer both customer-specific manufacturing and proprietary products.

Differentiator

Problem solved

Functional benefit

Brands

• Industrial Products: Business unit focusing on development and manufacturing of components and systems in polymeric materials with focus on circular material flows and resource-efficient production through rotational molding, injection molding and blow molding
• Industrial Solutions
• Precision Technology

Products and services

• Lundgren Machinery carton handling equipment Carton erectors and carton sealers plus contract manufacturing services (prototypes, individual products and complete solutions) sold to leading food and pharmaceutical companies in Scandinavia and northern Europe.
• IPS (Integrated Packaging Solutions) can industry equipment Machine equipment and integration technology for metal packaging manufacturers in the can industry, including production-optimizing services and the proprietary CanSCHOOL customer collaboration concept.
• Graniten pharmaceutical and medical technology automation High-tech automation solutions including packaging machines and the Graniten Flexline Platform for pharmaceutical production in smaller volumes, serving leading pharmaceutical, medical technology and healthcare companies in Europe.
• Cipax rotational molded products Rotational molded polymer products including tanks, pipes, hoods, industrial containers and underground tanks, manufactured in fully recyclable, recycled and bio-based polyethylene for infrastructure, agriculture, environmental technology, vehicles, and recreation customers in Northern Europe.
• Veldkamp technical services for packaging industry Technical full-service provider for the packaging, production, food and pharmaceutical sectors offering construction, rebuilding, renovation, relocation of production equipment, and ongoing maintenance, repairs, machine monitoring, technical specialist rental, and special components delivery.
• CIM Industrial Systems digitalization software Software solutions for production lines including OEE measurement, data collection, and digital labeling systems with integrated digital printing for pharmaceutical and manufacturing industries.
• Pioner boats and marine products Boats and marine products sold through Pioner Boat AS, part of the Industrial Products business unit's range of proprietary polymer products.
• ALTEK can and lid test equipment Test equipment for can and lid manufacturing, acquired as an asset purchase of the ALTEK brand, product design, current orders, service agreements and inventory through XANO's American subsidiary IPS.
• Case Packing Systems food packaging automation Fully automated handling systems for food packaging, sold to food manufacturers globally with subsidiaries in the Netherlands, USA and Australia.

Quantifiable outcome

• Cipax's products in recycled material can achieve 75-80% reduction in carbon footprint compared to products made from virgin material
• +3 more outcomes

Named customers10 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

Feature8 records

Partnerships

One partnership is on record.

• Ramboll (in collaboration with WSP)coreStrategic or Co-development Partner · 5 April 2024Cipax (subsidiary of XANO within Industrial Products) partnered with Ramboll and WSP to conduct a comparative lifecycle analysis (LCA) on a standard storage tank made of polyethylene. Ramboll performed the independent analysis while WSP served as the third-party reviewer of the LCA report. The study followed ISO14040-44 standards and demonstrated that Cipax's polyethylene products have significantly lower environmental impact than alternatives in stainless steel and fiberglass, with recycled polyethylene showing 5x lower climate impact than stainless steel.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Volati AB: Swedish listed industrial group that acquires and develops niche companies with leading market positions in the Nordic region. Directly comparable acquisition model, focus on profitable niche industrial businesses, and decentralized operating philosophy.
• Addtech AB: Swedish listed technical solutions group distributing and manufacturing components and systems to industrial customers. Comparable given its niche industrial B2B model, decentralized subsidiaries, and consistent acquisition-led growth in the Nordics.
• Storskogen Group: Swedish listed industrial and trading group acquiring well-managed small and mid-sized companies in niche markets. Comparable in decentralized model, focus on profitable niche industrial businesses, and active acquisition program across the Nordics and Europe.
• Indutrade AB: Swedish listed industrial holding company that acquires and develops niche industrial technology companies with market-leading positions, generating SEK ~24B in revenue. Highly comparable to XANO in decentralized acquisition model, niche industrial focus, and Nordic SME roll-up strategy.
• Beijer Alma AB: Swedish listed industrial group with subsidiaries in niche industrial components (Lesjöfors springs, Habia Cable, Beijer Tech). Comparable as a Swedish industrial conglomerate with similar decentralized business unit model and long history of bolt-on acquisitions.
• Lagercrantz Group: Swedish technology group that acquires and develops niche tech companies in electronics, IT, and industrial sectors. Comparable in acquisition-driven growth, decentralized operations, and focus on proprietary products with leading positions in selected niches.
• Lifco AB: Swedish listed serial acquirer of leading niche industrial and infrastructure companies, organized into industrial and dental business areas. Direct peer given its decentralized operating model, profitability focus, and 12% EBITA margin target that mirrors XANO's 12% EBIT goal.

Broad incumbents

• Halma plc: UK-listed group of niche safety, health, and environmental technology companies. Comparable in decentralized niche industrial technology holding model, but operates at substantially larger scale (~£2B revenue) and focuses on safety and environmental verticals rather than industrial manufacturing.
• Diploma PLC: UK-listed group distributing and manufacturing specialized technical products and solutions. Comparable acquisition-led niche industrial model serving demanding B2B customers, but with a broader distribution focus and larger scale than XANO.

Emerging players

• IMCD N.V. Dutch-listed specialty chemicals and food ingredients distributor with a focus on high-growth niche applications. Adjacent peer given similar decentralized model, B2B niche industrial focus, and European footprint including Netherlands operations, though operating in distribution rather than manufacturing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/xano-industri-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries36 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XANO