Semcon

What Semcon does

Semcon is an international technology consultancy headquartered in Gothenburg, Sweden, providing multidisciplinary services that combine engineering, digital, and sustainability expertise for product, production, and service development. Founded in 1980 in Västerås as Scandinavian Engineering and Marketing Consultants, the company serves enterprise and public-sector customers across five primary verticals: Life Science, Energy, Industry, Mobility, and Public sector, with operations in over 20 locations across Sweden, Norway, and Brazil. Service delivery is organized across seven pillars: Strategic Business Design, Product Development, Digital Solutions, Project Excellence, Production Development, Quality Excellence, and Sustainable Business, supported by dedicated facilities such as Semcon Lab (prototyping/IoT), UNITE Studios (external design and development), and proprietary tooling including XLPM Online for project methodology.

The company's revenue model is professional services, billed through project-based consulting engagements and multi-year framework agreements with public procurement bodies such as Sweden's Sinfra (covering 500+ member companies) and the National Agency for Public Procurement. Customer relationships span enterprises such as Tine, Fortum, Boliden, OXE Marine, Jotun, and Sporveien, alongside government agencies and startups, with engagements delivering measurable outcomes including emissions reductions and extended asset maintenance cycles. Acquired subsidiaries including Goodpoint (sustainability), Squeed (IT/cloud/AI), Walkgrove (digital learning), and Tedsys extend the capability stack beyond organic development.

In 2024, Semcon merged with Knightec to form Knightec Group, creating Northern Europe's leading product and digital service development consultancy with approximately 2,400 professionals. The combined entity is owned by Ratos AB, which took Semcon private and de-listed it from Nasdaq Stockholm in November 2022; Semcon's prior Product Information business was also spun out as Aleido in 2023, sharpening focus on consulting-led services.

Name

Semcon

Legal name

Semcon AB

Website

https://semcon.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Semcon is a Sweden-based international technology consultancy combining engineering, digital, and sustainability expertise for product, production, and service development. Now operating as Knightec Group following a 2024 merger with Knightec, the firm serves enterprise and public-sector customers across Life Science, Energy, Industry, Mobility, and Public sector with approximately 2,400 professionals.

Ownership category

akta.pro rank

Product category

Engineering Consulting Services

NAICS

Engineering Services (541330), Computer Systems Design and Related Services (54151), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Engineering Services (8711), Services-Engineering, Accounting, Research, Management (8700), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• Engineering consulting services
• Product development consulting
• Digital transformation services
• Sustainability consulting
• Technical project management

Headquarters

HQ city

Göteborg

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consulting Services: Professional consulting services across engineering, digital solutions, and sustainability. Consultants are deployed on project-based assignments for customers across various industries.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Semcon provides technology consulting services combining engineering expertise, digital capabilities, and sustainability know-how to support clients across product development, production development, and service development. The firm delivers work across seven service pillars (Strategic Business Design, Product Development, Digital Solutions, Project Excellence, Production Development, Quality Excellence, and Sustainable Business) to customers in life science, energy, industry, mobility, and public sector verticals.

Product overview

Semcon is an international technology consultancy that combines engineering expertise, digital services, and sustainability know-how for product, production, and service development. The company operates as a unified service offering organized across seven core service pillars: Strategic Business Design, Product Development, Digital Solutions, Project Excellence, Production Development, Quality Excellence, and Sustainable Business. These services are delivered through specialized sub-brands including UNITE Studios (external design and development department), Semcon Studios (90-person product development team), and Semcon Lab (innovation and prototyping facility). The company also offers proprietary software tools such as XLPM Online for project methodology. Following its merger with Knightec in 2024 to form Knightec Group, Semcon now operates as part of Northern Europe's leading consulting firm with approximately 2,400 professionals across Sweden, Norway, and Brazil. The portfolio includes acquired sustainability brand Goodpoint (2022), digital learning company Walkgrove (2021), and IT company Squeed (2021).

Differentiator

Problem solved

Functional benefit

Brands

• Goodpoint: Sustainability consulting company specializing in circular economy, climate calculations, and sustainability reporting. Acquired by Semcon in March 2022.

Products and services

• Strategic Business Design
• Product Development
• Digital Solutions
• Project Excellence (XLPM Online)
• Production Development
• Quality Excellence
• Sustainable Business
• UNITE Studios
• Goodpoint (sustainability consultancy)
• Walkgrove (digital learning)
• Squeed (software/IT services)

Quantifiable outcome

• Maintenance cycle extension from 16 to 57 years for Sporveien metro gearbox bearings
• +7 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, major and supporting.

• KnighteccoreStrategic or Co-development Partner · 10 September 2024Semcon and Knightec merged in 2024 to form Knightec Group, Northern Europe's leading consulting firm in product and digital service development. The combined entity has approximately 2,400 professionals. Dimitris Gioulekas, founder and CEO of Knightec, became President and CEO of the merged group.
• TinemajorStrategic or Co-development PartnerPartnership with Norwegian dairy company Tine to develop and deploy electric milk pump systems for Tine's fleet of 250 milk tankers. Semcon developed the technology, Tine provides deployment and usage, with Enova supporting as financing partner.
• EnovasupportingStrategic or Co-development PartnerNorwegian government enterprise providing financing support for the Tine electric milk pump project to reduce emissions in dairy transportation.
• KongsbergmajorStrategic or Co-development PartnerPartner in development of Jotun HullSkater for proactive ship hull cleaning. Kongsberg contributed to the robotic technology development.
• DNV GLsupportingStrategic or Co-development PartnerPartner in the Jotun Hull Skating Solutions project, providing verification and assurance services for the autonomous hull cleaning system.
• TelenorsupportingStrategic or Co-development PartnerPartner providing connectivity solutions for the Jotun HullSkater, enabling remote operation from any location with 4G coverage.
• Wallenius WilhelmsensupportingStrategic or Co-development PartnerPartner in the Jotun Hull Skating Solutions ecosystem for shipping industry applications.
• Yeti Snow Technology ASmajorStrategic or Co-development PartnerJoint venture co-owned by Semcon, Husqvarna Group and Øveraasen. Yeti provides the control system for autonomous solutions used in projects like autonomous road compactors.
• AI Sweden's Edge LabsupportingTechnology or IntegrationTest bed environment for proof of concept and comparisons for federated learning and edge technology implementations.
• AF GruppenmajorStrategic or Co-development PartnerNorwegian construction company partnering on autonomous compactor project for road construction with Nye Veier.
• Ny VeiermajorStrategic or Co-development PartnerNorwegian road development company driving innovation in road construction, launching autonomous compactor project.
• VinnovasupportingStrategic or Co-development PartnerSwedish government innovation agency funding the green hydrogen gas concept study for rural energy security in Häradsbäck.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Ramboll: Danish-founded engineering, architecture and consulting firm with deep Nordic presence and strong sustainability practice. Comparable vertical coverage in energy, industry, mobility and life science, and competes for the same enterprise and public-sector mandates.
• Sweco: Leading Northern European engineering, design and advisory consultancy headquartered in Sweden. Overlaps directly with Semcon on product and production development, sustainability, and digital services across life science, energy, mobility and public sector clients.
• Etteplan: Finnish engineering design and consulting firm offering product development, embedded systems, digital solutions and technical documentation. Closely matches Semcon's combination of physical-product engineering with embedded/digital services across industrial customers.
• AFRY (formerly ÅF): Swedish-headquartered engineering, design and consultancy firm with a comparable mix of product development, digital solutions and project execution across energy, industry, mobility and infrastructure. Direct Nordic competitor with a similar full-service positioning and bench of engineering consultants.
• Knowit AB: Swedish IT and digital consultancy providing solutions across digital transformation, systems development and design. While more software-focused than Semcon, it competes for the same Nordic digital-and-tech consulting talent pool and client roster.
• Knightec (pre-merger): Swedish technical consultancy previously competing with Semcon in product and digital service development before their 2024 merger to form Knightec Group. Included as a reference point for the combined entity's underlying peer composition and talent profile.
• Sigma Group (Sigma Consulting / Sigma Industry): Nordic IT and engineering consultancy headquartered in Gothenburg with a product-development offering very similar to Semcon's. Direct mid-sized competitor for digital and embedded consulting talent in the Swedish market.
• Combitech: Independent Swedish technical consultancy (within Saab) providing product development, systems engineering and digital solutions across defense, mobility, energy and public sector. Strongly comparable to Semcon on systems engineering and regulated-industry engagements.

Broad incumbents

• Capgemini Engineering (formerly Altran): Global engineering R&D and digital services arm of Capgemini serving mobility, life sciences, energy and industrial clients. Comparable product development and embedded systems offering at much larger scale than Semcon, with deep automotive and autonomous-systems relationships.
• WSP Global: Global professional services consultancy with a sizable engineering, energy and mobility practice. Larger incumbent with broader geographic reach than Semcon, competing on multi-national enterprise and infrastructure mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Semcon

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A4 records

Investments

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

Frequently asked questions about Semcon