Bemsiq Group
Bemsiq Group is a Swedish holding company of autonomous subsidiaries that designs, manufactures, and sells smart field devices — sensors, meters, transmitters, and gas detection equipment — for building automation, metering, and industrial optimization. It operates globally across Europe and North America as a business area within Investment AB Latour.
- Company typePrivate
- Founded2021
- HeadquartersGothenburg, Sweden
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Bemsiq Group does
Bemsiq Group is a Swedish holding company headquartered in Gothenburg that operates as one of six wholly-owned business areas within Investment AB Latour, a publicly-traded Swedish mixed investment company listed on Nasdaq OMX Stockholm Large Cap. The group oversees a portfolio of autonomous subsidiary companies that design, manufacture, and sell smart field devices — including sensors, meters, transmitters, room controllers, gas detection equipment, and connectivity solutions — for building automation, metering, and industrial optimization. Formally constituted as a separate Latour business area in November 2021, Bemsiq reported annual revenue of SEK 1.3 billion (approximately USD 125M) and approximately 500 employees as of December 2022, with continued acquisition-led growth through 2024.
The group's product portfolio spans HVAC sensors and transmitters (Greystone Energy Systems, ~120 employees, CAD 22M revenue in 2020), KNX and DALI building automation hardware and software (Eelectron S.P.A./IPAS GmbH, ~60 employees, ~EUR 26M combined revenue), measurement and control devices (Produal, ~170 employees, ~EUR 45M revenue; HK Instruments; S+S Regeltechnik; Sensortec; SplusS; SyxthSense; Consens), LoRaWAN sensors for smart buildings (Elsys), power and energy metering products (DENT Instruments, ~USD 15M estimated 2022 revenue), and gas detection systems (Armstrong Monitoring Corp., CAD 9M; Quatrosense Environmental Ltd., CAD 8M). Underlying technologies include KNX, DALI, LoRaWAN protocols and proprietary hardware/software platforms developed within each subsidiary.
Bemsiq employs a decentralized go-to-market model: each subsidiary retains its own brand, field sales organization, and distribution channels, while Bemsiq Group functions as a shared growth and capital-allocation platform. Products are sold primarily to enterprise B2B customers — building automation professionals, HVAC contractors, system integrators, and OEMs serving airports, hotels, hospitals, offices, residential buildings, and industrial sites in sectors including energy services, solar, telecommunications, EV charging, mining, petrochemical, and brewery. Pricing is not publicly disclosed and operates on a B2B hardware model via quotes and direct/channel sales. The group has executed an aggressive but focused acquisition strategy, adding Eelectron/IPAS (Jan 2024), QEL (Sept 2024), and Armstrong (Dec 2024), while divesting Bastec to Swegon Group in June 2023 to refocus on field devices.
Bemsiq Group firmographics
Firmographics- Name
- Bemsiq Group
- Legal name
- Bemsiq AB
- Website
- https://bemsiq.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Short description
- Bemsiq Group is a Swedish holding company of autonomous subsidiaries that designs, manufactures, and sells smart field devices — sensors, meters, transmitters, and gas detection equipment — for building automation, metering, and industrial optimization. It operates globally across Europe and North America as a business area within Investment AB Latour.
- Ownership category
- akta.pro rank
Bemsiq Group industry classification
Industry- NAICS
- Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Other Measuring and Controlling Device Manufacturing (334519), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Building Thermal Controls & Building Management Systems (HVAC BMS) (IMAHAKAK)
- akta.pro secondary industries
- Security, Safety & Fire/Life Safety Management (BPABAAAE), Sensors, MEMS & Imaging ICs (HDAHAAAG)
Keywords
Where Bemsiq Group is headquartered
LocationHeadquarters
- HQ city
- Gothenburg
- HQ country
- Sweden
- HQ region
- Europe
Offices14 records
Markets served
Bemsiq Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Hardware Product Sales: Sale of smart field devices including sensors, meters, transmitters, room controllers, gas detection equipment, and related hardware for building automation, metering, and industrial optimization. Products are sold through direct sales teams, channel partners, and distributors globally.
- Metering Products: Power and energy metering products sold to industries including energy services, solar energy, office and residential buildings, telecommunications, and EV charging. Revenue generated through product sales and accessories.
- Measurement and Control Devices: Produal offers complete solutions for measurement and control within building automation, serving over 7000 customers with products including building controllers, transmitters, sensors, valves, and actuators.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Bemsiq Group product offering
Product offeringCore offering
Bemsiq Group, through its operating subsidiaries, designs, manufactures, and sells smart field devices for building automation, metering, and industrial optimization. Its portfolio includes sensors, transducers, room controllers, gas detectors, and energy/power meters used by HVAC contractors, system integrators, and industrial customers to monitor and control indoor climate, lighting, gas safety, and energy consumption.
Product overview
Bemsiq Group is a holding company that operates through two main divisions: Building Automation and Metering. The group consists of multiple subsidiary companies specializing in smart field devices that measure, collect, and transmit data for building automation, metering, and industrial optimization. Key products include: HVAC sensors and transmitters (Greystone), KNX/DALI building automation devices (Eelectron, IPAS), measurement and control devices (Produal, HK Instruments), sensor technology (S+S Regeltechnik, SyxthSense), gas detection products (Armstrong, QEL, Greystone gas detection), LoRaWAN sensors (Elsys), and metering products (DENT Instruments). The group also has minority ownership in Meliox, an IoT platform for buildings. Bemsiq operates as a business area within Investment AB Latour and leverages synergies across its autonomous subsidiary companies.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Buildings are responsible for 40 percent of the energy consumption and 36 percent of the CO2 emissions in the EU
Companies that use Bemsiq Group
Customer profileNamed customers6 records
Segments4 records
Bemsiq Group technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Bemsiq Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Petter BjörkebäckminorPetter Björkebäck joined Bemsiq as the new global Chief People & Culture Officer and part of the Bemsiq management team, recruited from IKEA.
- Swegon GroupminorBemsiq and Swegon agreed that Swegon would become the new long-term owner of Bastec. The strategic rationale was that Bastec had a distinct focus on products and services for managing complete buildings, while Bemsiq adopted a strategy focused purely on field devices for Building Automation and Metering.
- Meliox ABminorBemsiq AB became a new minority owner in Meliox AB, a company founded in 2019 active in the building industry with a focus on building efficiency, operations, service and installation, offering an IoT-based solution for collecting, aggregating, analyzing, and presenting data from buildings.
Scale indicators16 records
Recent moves8 records
Expansion highlights7 records
Bemsiq Group competitors and assessment
Company assessmentDirect peers
- Belimo Holding AG: Swiss global market leader in HVAC damper actuators, control valves, sensors, and retrofits. Directly comparable to Bemsiq's Greystone, Produal, and S+S Regeltechnik in HVAC sensing and control field devices for building automation.
- Carlo Gavazzi (Building Automation): European manufacturer of sensors, energy meters, and building automation components. Direct overlap with Bemsiq's Greystone HVAC transmitters, DENT energy meters, and S+S Regeltechnik sensor lines.
- Sauter AG: Swiss specialist in BMS, room automation, and HVAC field devices. Comparable to Bemsiq's Eelectron and IPAS KNX room controllers and Greystone HVAC transmitters for European commercial buildings.
- Distech Controls (Acuity Brands): Manufacturer of BACnet, KNX, and DALI building automation controllers, sensors, and room devices. Highly comparable to Eelectron, IPAS, and Greystone for the European and North American smart-building channel.
Broad incumbents
- Honeywell International (Building Technologies): Global BMS/HVAC controls and field-device incumbent that bundles sensors and controllers with its Niagara/Forge BMS platform. Overlaps with Bemsiq's HVAC sensor and KNX/DALI offerings but competes across a much broader portfolio.
- Siemens Smart Infrastructure: Major BMS and building products incumbent offering Desigo CC, KNX-based devices, and field instrumentation. Comparable to Bemsiq across building automation hardware but with integrated software and global scale.
- Schneider Electric (Buildings): EcoStruxure platform spans BMS, KNX, and field devices (including the legacy SBO/SBT sensor portfolios). Competes with Bemsiq in commercial building sensors and metering and offers the unified software layer Bemsiq lacks.
- WIKA Alexander Wiegand SE & Co. KG: Global leader in industrial measurement instrumentation (pressure, temperature, level, flow). Comparable to the measurement/control and gas-detection portfolio of S+S Regeltechnik, Consens, Armstrong, and QEL.
- Phoenix Contact (Building Solutions): Provides building automation controllers, I/O modules, and KNX/DALI interfaces alongside a broader industrial connectivity portfolio. Comparable to Bemsiq's Eelectron and IPAS KNX/DALI offering, but with a much wider connectivity scope.
Emerging players
- KMC Controls: US-focused manufacturer of BACnet controllers and HVAC sensors for small-to-mid commercial buildings. Comparable product overlap with Greystone and DENT for North American building automation channels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Bemsiq Group social profiles
Digital presenceBemsiq Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bemsiq Group leadership team
Management profileNumber of profiles
Bemsiq Group subsidiaries and ownership
Company hierarchySubsidiaries17 records
Bemsiq Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bemsiq Group 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 Bemsiq Group
What does Bemsiq Group do?
Bemsiq Group, through its operating subsidiaries, designs, manufactures, and sells smart field devices for building automation, metering, and industrial optimization. Its portfolio includes sensors, transducers, room controllers, gas detectors, and energy/power meters used by HVAC contractors, system integrators, and industrial customers to monitor and control indoor climate, lighting, gas safety, and energy consumption.
Is Bemsiq Group a public or private company?
Bemsiq Group is a private company. It is currently operating.
When was Bemsiq Group founded?
Bemsiq Group was founded in 2021.
Where is Bemsiq Group based?
Bemsiq Group is headquartered in Gothenburg, Sweden, in the Europe region.
How does Bemsiq Group make money?
Three revenue lines are on record. Hardware Product Sales are the primary driver. The others are metering Products and measurement and Control Devices.
Who are Bemsiq Group's main competitors?
Direct peers on record are Belimo Holding AG, Carlo Gavazzi (Building Automation), Sauter AG and Distech Controls (Acuity Brands). Broad incumbents are Honeywell International (Building Technologies), Siemens Smart Infrastructure, Schneider Electric (Buildings), WIKA Alexander Wiegand SE & Co. KG and Phoenix Contact (Building Solutions). KMC Controls is listed as an emerging player.
Does Bemsiq Group have an API?
No public API is recorded for Bemsiq Group.
What industry is Bemsiq Group in?
Its primary akta.pro industry code is IMAHAKAK, Building Thermal Controls & Building Management Systems (HVAC BMS), with a secondary code of BPABAAAE, Security, Safety & Fire/Life Safety Management. Its NAICS code is 334512 and its SIC code is 3823.