Raftákn
Raftákn ehf. is an Icelandic electrical engineering consultancy (founded 1976) that designs electrical installations, automation, and SCADA systems for industrial, infrastructure, and construction clients across Iceland, with offices in Akureyri, Kópavogur, and Reykjavík.
- Company typePrivate
- Founded1976
- HeadquartersAkureyri, Iceland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Raftákn does
Raftákn ehf. is an Icelandic electrical engineering and consulting firm founded on 1 June 1976 in Akureyri and headquartered at Glerárgötu 34. The company delivers electrical installation design, automation programming, SCADA systems, building management systems (KNX/Instabus), and industrial control systems for construction, industrial, infrastructure, and power-generation projects across Iceland and selected North Atlantic markets. Core technology competencies include PLC programming on Siemens platforms (PCS7, S7-400, WinCC), ABB 800xA SCADA integration, Wonderware System Platform, and REVIT-based BIM design. The firm is the first Icelandic engineering company to achieve Siemens Solutions Partner status (2012) and holds ISO 9001:2015 certification (since 2011).
The company serves approximately 35 engineers, technicians, and technical draftsmen across offices in Akureyri (HQ), Kópavogur, and Reykjavík. Notable engagements include Hellisheiðarvirkjun geothermal power plant (26 CPUs, 2,500 digital I/O points), Norðfjarðargöng (7,900-meter road tunnel), AtNorth data center expansion, Samherji's 40,000-tonne/yr Eldisgarður salmon farm, Kórinn sports arena, and Dalvíkurhöfn port extension. Recurring revenue is generated through a proprietary subscription-based monitoring system (Eftirlitskerfi Raftákns) bundling hardware rental and dashboard access. The firm is employee-owned, with no external private equity, venture capital, or institutional shareholders identified.
Raftákn firmographics
Firmographics- Name
- Raftákn
- Legal name
- Raftákn ehf.
- Website
- https://raftakn.is
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Raftákn ehf. is an Icelandic electrical engineering consultancy (founded 1976) that designs electrical installations, automation, and SCADA systems for industrial, infrastructure, and construction clients across Iceland, with offices in Akureyri, Kópavogur, and Reykjavík.
- Ownership category
- akta.pro rank
Raftákn industry classification
Industry- Product category
- Electrical Engineering Consulting
- NAICS
- Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Power and Communication Line and Related Structures Construction (237130)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC)
- akta.pro secondary industries
- Engineering design services (line design, substation design, civil/structural) (EUADAKAG), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Real-Time Monitoring & Smart Stormwater (Sensors, SCADA/IoT, RTC) (EUANAEAK), Water, Wastewater & Hydraulics Engineering Consulting (BPAHAIAD)
Keywords
Where Raftákn is headquartered
LocationHeadquarters
- HQ city
- Akureyri
- HQ country
- Iceland
- HQ region
- Europe
Offices3 records
Markets served
Raftákn business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Engineering Consulting Services: Fees for electrical engineering design, automation programming, SCADA systems, building management systems, and related consulting across construction, industrial, and infrastructure projects. Projects are awarded through competitive tendering (alútboð) and direct engagement.
- Monitoring System Subscription: Monthly subscription fee covering rental of all monitoring hardware equipment and access to the control system dashboard. One monthly fee encompasses hardware lease and system access for the automated monitoring service.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | One monthly fee covering all monitoring equipment and dashboard access |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Raftákn product offering
Product offeringCore offering
Raftákn is an electrical engineering and consulting firm providing automation design, PLC programming (SPS), SCADA systems, building management systems (KNX/Instabus), and electrical installation design for industrial, power generation, infrastructure, and construction clients. Services span from project design through programming, commissioning, and ongoing remote support. The firm also offers a proprietary automated monitoring system (Eftirlitskerfi) sold as a monthly subscription covering hardware rental and dashboard access.
Product overview
Raftákn is an electrical engineering and consulting company founded in 1976, operating in three main divisions: construction, industry/power plant, and telecommunications. The company's core offerings include automation design with PLC programming and SCADA systems for industrial and service companies, electrical installation design for buildings and infrastructure, and specialized offerings like their proprietary Eftirlitskerfi Raftákns (monitoring system). Raftákn is a certified Siemens automation solutions partner and serves diverse sectors including fish processing plants, power plants (hydro and geothermal), tunnels, ports, airports, schools, sports facilities, and data centers. The company operates from offices in Akureyri and Kópavogi/Reykjavík with approximately 35 employees.
Differentiator
Problem solved
Functional benefit
Products and services
- Eftirlitskerfi Raftákns (Raftákn Automated Monitoring System) Proprietary automated monitoring system consisting of master stations, remote stations, and a control dashboard. Master stations connect to the cloud via mobile network or Wi-Fi and transmit measurement data or signals to the control system. Remote stations connect wirelessly to master stations and are designed for long battery life, sleeping between transmissions. Supports temperature, humidity sensors, and digital signals with configurable alerts via email, SMS, or voice calls. Sold to industrial, infrastructure, and commercial clients on a monthly subscription covering all hardware rental and dashboard access.
- Automation Design & PLC Programming Services Design and programming of automation systems using SPS (PLC) controllers, operator interfaces, SCADA visualization systems, and building management systems. Covers industrial, power plant, and infrastructure applications including Siemens PCS7, S7-400 PLCs, WinCC visualization, ABB 800xA, and Wonderware System Platform integrations.
- Electrical Installation Design Services Design of electrical installations for residential, commercial, and industrial buildings including power distribution systems, lighting design, telecommunications infrastructure, and security systems. Uses REVIT BIM software for electrical system design and KNX/Instabus standards for building management integration.
- Remote Support Services (TeamViewer) Remote assistance services using TeamViewer for system access, maintenance, and troubleshooting of installed automation, SCADA, and monitoring systems. Enables technicians to access and control systems remotely for maintenance and troubleshooting without on-site presence.
Quantifiable outcome
- Hellisheiðarvirkjun: 26 CPU units operational with 2,500 digital and 1,000 analog I/O points managed via PCS7/Siemens S7-417-4H system.
- +2 more outcomes
Companies that use Raftákn
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Raftákn technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature4 records
Raftákn partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Siemens AGcoreRaftákn is a certified Siemens Solutions Partner in automation. They utilize Siemens PLC hardware (S7-400 series), PCS7 control systems, and WinCC visualization software. The partnership involves programming and installation of Siemens automation systems for power plants and industrial facilities. The partnership was first established in 2012, making Raftákn the first Icelandic engineering firm to achieve Siemens Solutions Partner status. The partnership was renewed subsequently.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Raftákn competitors and assessment
Company assessmentBroad incumbents
- WSP: Global professional services firm with deep Iceland presence through Efla. Provides end-to-end engineering and project management that can crowd out Raftákn on larger tenders.
- AFRY: Nordic engineering and design consultancy with strong automation and power generation practices. Competes for cross-border industrial and infrastructure mandates in the Nordic region.
- Sweco: Nordic engineering consultancy with significant Iceland presence. Competes for larger infrastructure and power projects while offering broader portfolio capabilities than Raftákn.
- Ramboll: Global engineering consultancy with a Nordic stronghold. Operates in Iceland on infrastructure and energy projects that overlap with Raftákn's industrial automation and power domain.
Direct peers
- Mannvit: Icelandic engineering consultancy with broad electrical, mechanical, and industrial capabilities. Directly competes with Raftákn on industrial automation, power plant engineering, and infrastructure projects across Iceland.
- Verkís: Icelandic multi-disciplinary engineering firm with strong electrical and automation practice. Overlaps with Raftákn on power generation, building services, and industrial control systems work in Iceland.
- Efla (WSP Iceland): Icelandic engineering consultancy now part of WSP, covering electrical, automation, and infrastructure design. Competes with Raftákn on public tenders and industrial/SCADA projects in Iceland.
- Hnit: Icelandic engineering firm with electrical, mechanical, and project management capabilities. Directly comparable to Raftákn on building services and infrastructure design work.
Others
- ABB: Industrial automation and SCADA supplier (ABB 800xA used at Ánanaust wastewater plant). Competes with Siemens-favoring peers like Raftákn on platform standards and could be an alternative automation partner to customers.
- Siemens: Platform partner and ecosystem provider. While not a direct competitor, Siemens shapes Raftákn's automation stack (PCS7, S7-400, WinCC) and competes indirectly via its own global solution partner network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Raftákn social profiles
Digital presenceRaftákn compliance and trust
Trust signalCompliance2 records
Raftákn financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raftákn leadership team
Management profileNumber of profiles
Profiles3 records
Raftákn funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raftákn 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 Raftákn
What does Raftákn do?
Raftákn is an electrical engineering and consulting firm providing automation design, PLC programming (SPS), SCADA systems, building management systems (KNX/Instabus), and electrical installation design for industrial, power generation, infrastructure, and construction clients. Services span from project design through programming, commissioning, and ongoing remote support. The firm also offers a proprietary automated monitoring system (Eftirlitskerfi) sold as a monthly subscription covering hardware rental and dashboard access.
Is Raftákn a public or private company?
Raftákn is a private company. It is classified as management employee owned and is currently operating.
When was Raftákn founded?
Raftákn was founded in 1976. It employs 11 to 50 people.
Where is Raftákn based?
Raftákn is headquartered in Akureyri, Iceland, in the Europe region.
How does Raftákn make money?
Two revenue lines are on record. Engineering Consulting Services are the primary driver. The others are monitoring System Subscription.
Who are Raftákn's main competitors?
Broad incumbents on record are WSP, AFRY, Sweco and Ramboll. Direct peers are Mannvit, Verkís, Efla (WSP Iceland) and Hnit. Others are ABB and Siemens.
Does Raftákn have an API?
No public API is recorded for Raftákn.
What industry is Raftákn in?
Raftákn's product category is Electrical Engineering Consulting. Its primary akta.pro industry code is EUAEAFAC, Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering), with a secondary code of EUADAKAG, Engineering design services (line design, substation design, civil/structural). Its NAICS code is 334515 and its SIC code is 3823.