IECO

What IECO does

IECO (International Electric Company Oy), founded in 1974 in Helsinki, Finland, designs and manufactures precision high-end amplifiers and high-stability power supplies for medical imaging, scientific research, and industrial customers. Its product portfolio spans four categories: MRI products (gradient amplifiers, ultra-high-stability magnet power supplies at 0.1 ppm level, feed-through filters), 4-quadrant bipolar magnet power supplies (including beamline switches for particle therapy and accelerator facilities), industrial products (voltage regulators, subassemblies, and control cabinets for synchronous machines, plus DC earth leakage monitors and test amplifiers), and customized bipolar power supply cabinets. The company's core technical platform is a modular amplifier architecture supporting currents from ±10 A to ±2200 A, voltages from ±50 V to ±1400 V, bandwidths exceeding 10 kHz, multi-channel configurations up to 20+ channels, and Silicon Carbide (SiC) technology modules. IECO delivers systems as complete cabinets or modular units, with ISO 9001 and ISO 13485 certifications supporting medical-device supply chain qualification.

The company's revenue model combines hardware sales (precision power supply systems, industrial products, spare parts) with recurring professional services (diagnostics, repairs, service agreements, training, startup support, and warranty extensions). Pricing is fully quote-based given the highly customized specifications; commercial relationships operate as multi-year contracts. Go-to-market is enterprise field sales supplemented by event-driven activity at conferences such as ISMRM & ISMRT and the International Particle Accelerator Conference (IPAC), plus corporate website and LinkedIn presence. Selected end-customers include MRI system manufacturers, cancer treatment facilities, academic and accelerator research institutions, power plants, shipbuilders, and large machine manufacturers. Cumulative delivery stands at nearly 1,300 medical/research amplifier and magnet power supply systems and approximately 6,000 industrial synchronous-machine products in service worldwide since 1974.

IECO became a subsidiary of Nodica Group AB (then ScandiNova Group) in 2023, and the parent rebranded from ScandiNova Group to Nodica Group AB in November 2024. The Nodica platform comprises four companies — ScandiNova Systems (pulsed high voltage modulators), Scanditronix Magnet (electromagnets and coils), IECO (gradient amplifiers and precision magnet power supplies), and Microwave Amps (RF and microwave amplifiers) — collectively employing over 240 people and serving MedTech, industrial, and scientific markets globally. No equity funding rounds, no revenue figures, and no management-team disclosures are present in the source material, and the company remains privately held.

Name

IECO

Legal name

International Electric Company Oy

Website

https://ieco.fi

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

IECO (International Electric Company Oy), founded 1974 in Helsinki, Finland, designs and manufactures precision high-end amplifiers and high-stability power supplies for medical imaging (MRI), scientific research (particle accelerators), and industrial customers. It operates as a subsidiary of Sweden's Nodica Group AB.

Ownership category

akta.pro rank

Product category

Precision Power Supplies

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Power, Distribution & Specialty Transformers (3612), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Transformers (Power, Distribution, Instrument, Specialty) (IMAGAAAA)

akta.pro secondary industry

Amplifiers & Comparators (HDAHAIAC)

Keywords

• Precision power supplies
• MRI gradient amplifiers
• Bipolar magnet power supplies
• Industrial voltage regulators
• Particle accelerator electronics

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precision Power Supply Sales: Sale of high-end amplifiers and precision power supplies including MRI gradient amplifiers, magnet power supplies, and bipolar power supplies. Products are sold as complete systems or modular units.
2. Customized Power Supply Systems: Bespoke bipolar power supply systems tailored to customer specifications, ranging from +/- 10A to +/- 2200A and +/- 50V to +/- 1400V. Single, double, and multiple channel versions available.
3. Service and Support: Comprehensive service including diagnostics, repairs, testing, and service reports. Service agreements extending product working life with maintenance options including startup support, training, online help, and updates.
4. Spare Parts: Selected high-quality spare parts to ensure continuous operation and minimize downtime for customer's systems.
5. Industrial Products: Voltage regulators, subassemblies, and control cabinets for synchronous machines. DC earth leakage monitors and amplifier products for testing applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

IECO designs and manufactures precision high-fidelity amplifiers and power supplies for medical imaging (MRI), cancer treatment, scientific research (particle accelerators), and demanding industrial applications. The company produces modular gradient amplifiers, ultra-high-stability (0.1 ppm) magnet power supplies, four-quadrant bipolar power supplies, beamline switches, and voltage regulators for synchronous machines. IECO delivers both standard product families and fully customized power supply subsystems complete with capacitor banks, AC/DC sections, and customer control interfaces.

Product overview

IECO designs and manufactures precision amplifiers and power supplies organized into four main product categories: MRI Products (gradient amplifiers, magnet power supplies, feed-through filters), 4Q Bipolar Magnet Power Supplies (including Beamline Switches), Industrial Products (voltage regulators, earth leakage monitors, testing amplifiers), and Customized Products. The modular design approach enables flexible matching to customer requirements across medical imaging (MRI), scientific research, particle accelerator, and industrial applications. The company has delivered nearly 1,300 amplifier and precision magnet power supply systems worldwide since its founding in 1974.

Differentiator

Problem solved

Functional benefit

Products and services

• XPA Series 3-Axis Gradient Amplifier (XPA 175-350, XPA 100-250) Compact 3-axis gradient amplifiers with bandwidth over 10 kHz and excellent noise characteristics, designed for MRI system manufacturers and OEMs requiring flexible modular matching to gradient coils across varying current and voltage levels.
• 3-Axis Gradient Amplifier Cabinets (GPA Series) Complete 3-axis gradient amplifier cabinet systems for MRI manufacturers, integrating amplifiers, capacitor banks, AC/DC conversion, and customer control interfaces in cabinets of 1200 or 1800 mm height.
• High Stability Magnet Power Supplies (MPSU 250i, MPSU 250iP) Ultra-high-stability magnet power supplies providing 0.1 ppm (parts per million) output current stability for MRI systems using High Temperature Superconductive (HTS) magnets and applications requiring extreme current stability, with switched-mode design delivering higher efficiency than traditional solutions.
• MRI Feed-Through Filters Panel feed-through filters for MRI and medical imaging systems that suppress high-frequency noise and electromagnetic interference (EMI) when cables are routed through metal chassis or shielded enclosures.
• 4 Quadrant Bipolar Magnet Power Supplies Four-quadrant bipolar magnet power supplies based on amplifier technology suited for pulsed magnet applications, providing currents from +/-40 A to more than +/-2000 A, voltages up to +/-1400 V, bandwidth over 10 kHz, stability of 10-100 ppm, and single or multi-channel configurations for particle accelerators, research magnets, and industrial systems.
• Bipolar Power Supply (BPS) Family - BPS 85-70, BPS 85-140, BPS 40-100 Stand-alone four-quadrant bipolar power supplies with AC-input operating in current and voltage mode, providing 6 kW/4 kW capacity in a 5U form factor with wide bandwidth and low ripple and noise, marketed as the most compact truly bipolar power supply in global markets.
• Beamline Switches Modular beamline switching systems for particle therapy and accelerator facilities that enable quick switching of beams and power supplies from one beamline or treatment room to another, with each module handling currents up to 2000 A.
• IECO SiC Series Amplifier High-power water-cooled gradient amplifier using SiC (Silicon Carbide) technology, designed as a complement to IECO's existing product line for MedTech and industrial applications requiring high-power precision power delivery.
• Voltage Regulators for Synchronous Machines Voltage regulators, subassemblies, and control cabinets for synchronous machines used in power plants, ships, and large industrial equipment, backed by IECO's deep technical expertise in excitation applications.
• DC Earth Leakage Monitors DC earth leakage monitors and ground fault monitors that localize faults in large DC backup networks across industrial, power generation, and other demanding environments, offered as legacy industrial products.
• Industrial Amplifier Products Amplifier products for industrial testing applications and other industrial uses, leveraging IECO's modular amplifier structure that can be dimensioned to exact application needs to eliminate over-dimensioning costs.
• Customized Bipolar Power Supply Systems Customized precision four-quadrant bipolar power supply cabinets tailored to customer specifications, with currents from +/-10 A to +/-2200 A and voltages from +/-50 V to +/-1400 V, available in single, double, or multiple channel versions for research and industrial applications.
• Service & Support (Diagnostics, Repairs, Service Agreements, Spare Parts, Warranty) Comprehensive service and support offering covering diagnostics, repairs, testing, service reports, preventative maintenance agreements, startup support, training, online help, software updates, and spare parts, with a standard 1-year warranty and extended warranty options available.

Quantifiable outcome

• Nearly 1,300 amplifier and precision magnet power supply systems delivered worldwide since 1974
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Nodica Group ABcoreOthers · 1 January 2023IECO has been part of Nodica Group AB since 2023. Nodica Group is headquartered in Uppsala, Sweden and consists of four specialized companies: ScandiNova Systems (pulsed high voltage power supplies/modulators), Scanditronix Magnet (electromagnets and coils), IECO (gradient amplifiers and precision magnet power supplies), and Microwave Amps (RF and microwave amplifiers). The group employs over 240 people and serves MedTech, industrial, and scientific applications worldwide.
• ScandiNova SystemscoreStrategic or Co-development PartnerPart of Nodica Group since November 2024 (formerly ScandiNova Group). Develops and produces pulsed high voltage power supplies (modulators) for generation of high-power RF pulses. Co-exhibited with IECO at IPAC events.
• Scanditronix Magnet ABcoreStrategic or Co-development PartnerPart of Nodica Group. Designs and produces high-quality electromagnets and coils. Complements IECO's power electronics offerings within the group.
• Microwave Amps LtdcoreStrategic or Co-development PartnerPart of Nodica Group. Delivers RF and microwave amplifiers. Complements IECO's product range within the Nodica Group ecosystem.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oy-ieco

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 IECO