maxam IT AB
MAXAM is a 1872-founded global energetic-materials company (parent MaxamCorp Holding, S.L., Madrid) that designs, manufactures, and digitally optimizes explosives and blasting solutions for mining, quarries, civil works, and seismic customers across 60+ countries.
- Company typePrivate
- Founded1872
- HeadquartersLund, Sweden
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What maxam IT AB does
MAXAM is a global energetic-materials technology company founded in 1872 by Alfred Nobel and headquartered in Madrid, Spain through its parent MaxamCorp Holding, S.L. -Unipersonal-. The company designs, manufactures, and applies explosives, initiation systems, and digital blasting solutions for open-pit and underground mining, quarries, civil-works infrastructure (tunneling, underwater blasting, demolition), seismic exploration, and specialized applications. Its principal technology platform, X-Energy, integrates Smart Rioflex bulk explosives (which uses mechanical sensitization to adjust explosive density in real time) with the cloud-based MAXAM Blast Center, RIOBLAST simulation software, X-Drill measurement-while-drilling hardware, and Rock Characterization Modelling — a proprietary geomechanical model recognized with the ISEE "Paper of the Year" award. The company operates 40 subsidiaries across 30+ countries, 80+ industrial facilities, and sells in 60+ countries, supported by a 5,000+ workforce that includes munitions, geomechanical, and mining-engineering specialists.
MAXAM generates revenue primarily through hardware sales of bulk and cartridge explosives, electronic and non-electric detonators (RIOTRONIC X+, RIODIN, RIODET, RIONEL, RIOCORD), initiating systems, and accessories, supplemented by professional services such as blast design, simulation, and on-site engineering. Go-to-market is direct enterprise sales through the global subsidiary network, with technical support delivered locally from manufacturing facilities. The company is privately held by Rhône Capital, with senior debt issued through Luxembourg-based Maxam Prill S.à r.l. (€790M Euro and $500M dollar notes due 2030, priced June 2025). In September 2025, MAXAM inaugurated Spain's first green ammonia plant at Páramo de Masa, enabling carbon-neutral explosives and positioning the company for ESG-driven demand in mining. Named enterprise customers include Glencore (Minera Lomas Bayas), NFCA Africa Mining, Teck Resources, Hanson Group, Panama Canal Authority, and Geo Oriental YPFB.
The company is in a mid-to-late private-equity cycle: the 2025 refinancing both recapitalized the balance sheet and funded a shareholder distribution, and the appointment of a CFO with deep capital-markets and PE experience (Luis Parras, ex-JPMorgan, BofA Merrill Lynch, MCH Private Equity) signals preparation for a potential transaction. MAXAM competes principally with Orica, Dyno Nobel, and Austin Powder in a fragmented but consolidating global explosives industry where regulatory licensing, manufacturing footprint, and digital integration form the primary barriers to entry.
maxam IT AB firmographics
Firmographics- Name
- maxam IT AB
- Legal name
- MaxamCorp Holding, S.L. -Unipersonal-
- Website
- https://maxamcorp.com
- Company type
- Private
- Founded year
- 1872
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- MAXAM is a 1872-founded global energetic-materials company (parent MaxamCorp Holding, S.L., Madrid) that designs, manufactures, and digitally optimizes explosives and blasting solutions for mining, quarries, civil works, and seismic customers across 60+ countries.
- Ownership category
- akta.pro rank
maxam IT AB industry classification
Industry- Product category
- Explosives and Blasting Solutions
- NAICS
- Explosives Manufacturing (32592), Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313), Agriculture, Construction, and Mining Machinery Manufacturing (3331)
- SIC
- Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Commercial Explosives (Mining & Quarrying) (IMAEALAA)
- akta.pro secondary industries
- Blasting & Explosives Services (Drill-and-Blast, Explosives Supply, Shot Services) (IMAKAKAC), Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control) (IMAKAKAK), Mine Site Engineering & Detailed Design (Civil/Structural/Mechanical/E&I) (IMAKAOAA), Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC), Health, Safety & Risk Engineering (Process Safety, HAZOP/HAZID, Emergency Systems) (IMAKAOAO)
Keywords
Where maxam IT AB is headquartered
LocationHeadquarters
- HQ city
- Lund
- HQ country
- Sweden
- HQ region
- Europe
Offices6 records
Markets served
maxam IT AB business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Civil Explosives and Blasting Solutions: MAXAM designs, develops, manufactures and applies energetic materials for mining, quarrying, civil works, and special applications. Revenue comes from bulk and cartridge explosives, initiating systems, accessories, and associated engineering services.
- Technical Services and Engineering Support: Technical assistance, specialized technology services, and engineering support for blasting operations including blast design, simulation, and execution optimization.
- Seismic Products: Products and solutions for seismic exploration operations.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
maxam IT AB product offering
Product offeringCore offering
MAXAM designs, develops, manufactures and applies energetic materials (bulk and cartridge explosives, initiating systems, detonators, and accessories) for mining, quarrying, civil works, and special applications. The company also provides associated engineering services, blast design and simulation software, digital blasting platforms, and integrated digital solutions such as X-Energy that combine selective energy application with a fully digitalized mine cycle.
Differentiator
Problem solved
Functional benefit
Brands
- X-Energy: Integrated blasting solution platform that combines selective energy application with a fully digitalized mine cycle, incorporating Smart Rioflex explosives technology and digital tools integrated in MAXAM Blast Center.
- RIOBLAST
- MAXAM Blast Center
- Smart Rioflex
- RIOTRONIC X+
- RIOCLOUD
- X-Drill
- Rock Characterization Modelling
- RIODIN
- RIOCORD
- RIODET
- RIONEL
- YESS Program
Products and services
- Bulk and Cartridge Explosives (RIOFLEX / Smart Rioflex) Bulk and packaged explosives, including Smart Rioflex explosives that instantaneously adjust explosive density to match a wide range of rock mass conditions with a single matrix and sensitizing unit. Used in open pit and underground mining, quarries, civil works, and special applications.
- X-Energy Platform An integrated blasting solution that combines unmatched products and engineering technologies, digital tools, and superior expertise in drilling and blasting. Modular/tailor-made solution for mining, quarrying and infrastructure operations to optimize total cost of ownership. First industry solution integrating selective energy application in a fully digitalized mine cycle.
- MAXAM Blast Center Cloud-based platform enabling full digitalization of blasting services. Integrates a full range of MAXAM digital tools to design, plan and conduct the most efficient drilling and blasting operation.
- RIOBLAST Advanced blast design and simulation software for surface and underwater blasting applications. Integrates data from measurement while drilling and uses Rock Characterization Modelling to calculate exactly where and how much energy to apply at each moment of the blast.
- X-Drill Monitoring System In-house cost-effective monitoring system able to collect measurement while drilling data from any drilling machine and provide rock mass characterization through Rock Characterization Modelling.
- RIOTRONIC X+ Electronic Initiation System Electronic initiation system and detonator allowing precisely timed blasts.
- RIOCLOUD Customer Platform Customer platform for digital services and blasting solution management.
- RIODIN / RIODET / RIONEL / RIOCORD Product Lines Dynamite (RIODIN), electric detonators (RIODET), non-electric detonators and connectors (RIONEL), and detonating cord (RIOCORD) product lines for blasting and demolition applications.
- Seismic Exploration Products Products and solutions for oil and gas seismic exploration operations (e.g., Aguaragüe 2D Seismic Project with Geo Oriental YPFB in Bolivia).
- Technical Services and Engineering Support Technical assistance, specialized technology services, and engineering support for blasting operations including blast design, simulation, and execution optimization. Includes special projects such as complex demolitions of buildings and civil structures, and metal hardening for manganese steel alloys.
- Páramo de Masa Green Ammonia Production First green ammonia plant in Spain (and second in Europe), using a 100% renewable process that can reduce the carbon footprint up to 95% and enables the production of carbon-neutral explosives for more sustainable mining.
Quantifiable outcome
- Energy consumption reduction up to 20% in large mining operations
- +2 more outcomes
Companies that use maxam IT AB
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
maxam IT AB technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature10 records
maxam IT AB partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- DIGIECOQUARRY ConsortiumcoreEuropean Commission Horizon 2020 project with 24 entities from 8 countries including universities, institutions, and leading companies. MAXAM develops X-Energy platform technologies in Hanson group quarry to improve rock fragmentation, reduce wall damage, ground vibrations, airblast overpressure, and optimize downstream operations.
- Hanson GroupcorePartner in DIGIECOQUARRY project where MAXAM develops X-Energy platform technologies in Hanson's quarry for aggregate industry digitalization and automation.
- Teck ResourcesminorEnvironmental collaboration project 'Loading wet holes in liners' developed by MAXAM Canada experts allowing loading explosives through plastic liner to prevent nitrate leaching and protect environment. Won MAXAM Innovation Award 2019.
- XMINERGY Project ConsortiumcoreLed by MAXAM under Spanish State Research Plans 2021-2023, funded by MCIN/AEI and EU NextGenerationEU/PRTR for development of intelligent explosive charging system for mining.
Scale indicators9 records
Recent moves9 records
Expansion highlights6 records
maxam IT AB competitors and assessment
Company assessmentDirect peers
- Orica: Orica is the global leader in commercial explosives and blasting systems for mining, quarrying, and infrastructure. Directly comparable to MAXAM across bulk and packaged explosives, electronic initiation systems (eDev), and the BlastIQ digital blasting platform.
- Enaex: Enaex is the leading explosives and blasting services provider in Latin America, majority-owned by Sigdo Koppers. Directly comparable to MAXAM in bulk emulsions, initiation systems, and mining services across copper, lithium, and iron ore markets in Chile, Peru, and beyond.
- EPC Groupe: EPC Groupe is a leading French manufacturer of explosives and initiation systems for mining, quarrying, and civil works across Europe, Africa, and the Middle East. Directly comparable to MAXAM in bulk emulsions, packaged explosives, and electronic detonators.
- Dyno Nobel: Dyno Nobel, owned by Incitec Pivot, is one of the largest commercial explosives manufacturers globally. Competes directly with MAXAM in bulk emulsions, electronic detonators, and digital blasting solutions across mining and quarry markets.
- Austin Powder: Austin Powder is a privately held U.S.-based manufacturer of industrial explosives and blasting services. Directly comparable to MAXAM as a long-standing, family-controlled commercial explosives competitor serving mining, quarrying, and construction customers.
Regional players
- BME (a division of Omnia Holdings): BME is Africa's largest manufacturer of explosives and initiation systems, serving mining and quarrying primarily across South Africa and Sub-Saharan Africa. Comparable to MAXAM's African operations and bulk emulsion technology, though geographically focused on the African continent.
- Ideal Industrial Explosives: Ideal Industrial Explosives is an India-focused manufacturer of commercial explosives for mining, infrastructure, and quarrying. Compares to MAXAM in bulk emulsions and detonators but primarily serves the South Asian market.
Emerging players
- Solar Industries India: Solar Industries India is a leading Indian manufacturer of industrial explosives and defense energetics with growing global reach. Comparable to MAXAM in bulk and packaged explosives but with stronger defense exposure and emerging global footprint.
Broad incumbents
- Sandvik Mining and Rock Solutions: Sandvik provides drilling equipment and digital mining solutions to surface and underground mines. Broadly comparable to MAXAM where measurement-while-drilling tools, rock characterization, and digital mine planning converge with blasting workflows.
- Chemours (mining chemicals) / Komatsu (mining equipment): Komatsu is a global leader in mining and construction equipment, increasingly integrating digital mine planning and drilling automation. Adjacent competitor to MAXAM where drill-monitoring and autonomous drilling intersect with blast design and execution workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
maxam IT AB social profiles
Digital presencemaxam IT AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
maxam IT AB leadership team
Management profileNumber of profiles
Profiles6 records
maxam IT AB subsidiaries and ownership
Company hierarchySubsidiaries2 records
maxam IT AB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
maxam IT AB M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about maxam IT AB
What does maxam IT AB do?
MAXAM designs, develops, manufactures and applies energetic materials (bulk and cartridge explosives, initiating systems, detonators, and accessories) for mining, quarrying, civil works, and special applications. The company also provides associated engineering services, blast design and simulation software, digital blasting platforms, and integrated digital solutions such as X-Energy that combine selective energy application with a fully digitalized mine cycle.
Is maxam IT AB a public or private company?
maxam IT AB is a private company. It is classified as private equity controlled and is currently operating.
When was maxam IT AB founded?
maxam IT AB was founded in 1872. It employs 5,001 to 10,000 people.
Where is maxam IT AB based?
maxam IT AB is headquartered in Lund, Sweden, in the Europe region.
How does maxam IT AB make money?
Three revenue lines are on record. Civil Explosives and Blasting Solutions are the primary driver. The others are technical Services and Engineering Support and seismic Products.
Who are maxam IT AB's main competitors?
Direct peers on record are Orica, Enaex, EPC Groupe, Dyno Nobel and Austin Powder. Regional players are BME (a division of Omnia Holdings) and Ideal Industrial Explosives. Solar Industries India is listed as an emerging player. Broad incumbents are Sandvik Mining and Rock Solutions and Chemours (mining chemicals) / Komatsu (mining equipment).
Does maxam IT AB have an API?
No public API is recorded for maxam IT AB.
What industry is maxam IT AB in?
maxam IT AB's product category is Explosives and Blasting Solutions. Its primary akta.pro industry code is IMAEALAA, Commercial Explosives (Mining & Quarrying), with a secondary code of IMAKAKAC, Blasting & Explosives Services (Drill-and-Blast, Explosives Supply, Shot Services). Its NAICS code is 32592 and its SIC code is 3532.