Top 10 Largest Companies in Sweden

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Sweden is the birthplace of a series of successful companies with a global reach. These accomplishments are greatly influenced by Sweden's digitally connected ... read more...

  1. Top 1

    Atlas Copco

    Swedish multinational industrial conglomerate Atlas Copco was established in 1873. It is a multinational industrial corporation with its main office in Stockholm, Sweden. It has clients in more than 180 countries, and it employs over 49 000 people. The group's business concepts support client growth and advance society. Industries all around the world depend on the knowledge of Atlas Copco, a technology pioneer, and driver. Compressor technology, vacuum technology, energy technology, and industrial technology make up the group's four business segments.


    Costs and carbon footprint are significantly impacted by energy consumption during the lifecycle of an Atlas Copco product. The compressor's use of VSD (variable speed drive) technology is among the group's most groundbreaking inventions. This is an excellent illustration of cutting-edge technology that enables users to improve energy efficiency, lower carbon dioxide (CO2) emissions, and lower expenses. The VSD technology is now also present in pumps and generators. The goal of Atlas Copco is to lessen overall trash production. There are tight procedures for handling chemicals. Conflict mineral-containing components are unacceptable, and Atlas Copco closely examines and screens its supply chain.


    Improved connection is one technological advancement that can be leveraged to successfully change industrial operations. A growing number of Atlas Copco engineers are engaged in product development initiatives that place a focus on software development, connectivity, and data analysis. Atlas Copco's products are also crucial for the production of sensors, flat-panel displays, and other modern conveniences as well as for data processing and storage.


    Founded: 1873
    Headquarters: Nacka, Sweden
    Website: https://www.atlascopcogroup.com/

    Photo on  Wikimedia Commons
    Photo on Wikimedia Commons
    Video by Atlas Copco Group

  2. Top 2

    Investor AB

    The Wallenberg family continues to be in charge of Investor AB, a 1916-founded Swedish investment firm, through their Foundation Asset Management business, FAM. The company holds a controlling interest in a number of significant Swedish corporations and holds minor stakes in a number of more businesses. When new Swedish legislation made it more challenging for banks to hold long-term equity positions in industrial enterprises, Investor AB was founded in Stockholm. Investor AB assists its firms in outperforming the competition and achieving their full potential through board participation, industry experience, network, and financial power.


    Dedicated sales teams for each firm in which Investor AB invests are made up of both company board members and investment specialists from Investor. Business teams develop an understanding of the company, benchmark against the competitors, and assess the organizational structure. Long-term trends like new technology and sustainability are being actively sought out and taken advantage of as chances for wealth development. Investor AB creates and iteratively improves value creation plans based on analysis, identifying key strategic value drivers that, in the company's opinion, businesses should concentrate on to optimize long-term value.


    The ultimate objective of Investor AB is to produce enticing total returns that are supported by strategic and operational aims. Investor AB concentrates on expanding net worth, paying continuously rising dividends, and achieving ESG targets while keeping strategic priorities in mind. Committed ownership, a desirable portfolio, effective operations, and maintaining financial flexibility are the Group's top operational priorities.


    Founded: 1916
    Headquarters: Stockholm, Sweden
    Website: https://www.investorab.com/

    Screenshot of https://www.investorab.com/
    Screenshot of https://www.investorab.com/
    Video by Investor AB
  3. Top 3

    Volvo

    Volvo is an international manufacturing company with its main office in Gothenburg, Sweden. Volvo offers financial services in addition to its primary business of producing, distributing, and selling trucks, buses, and construction equipment. It also offers marine and industrial powertrains. Volvo operates a variety of production plants. By 2022, it will have factories in 19 nations and independent Volvo product assemblers in another 10. The business also maintains centers for product development, distribution, and logistics. Through sustainable transportation, mobility, and infrastructure solutions, the Volvo Group promotes prosperity and helps to define the future landscape. Customers' uptime and productivity are raised via the provision of trucks, buses, construction equipment, energy solutions for maritime and industrial applications, finance, and services. The group has 102,000 employees and provides services to clients in almost 190 regions.


    The things people need in their daily lives are delivered as promptly as possible thanks to Volvo products. The business provides its customers with flawless, quick service and cutting-edge technical solutions to keep vehicles on the road and continue to operate safely. The Volvo Group is also creating future public transportation options so that kids may conveniently get to work or school. One of the biggest suppliers of industrial engines worldwide is the Group. By offering beneficial service agreements and financial support, the organization helps its customers be profitable. Additionally, Volvo supports clients at sea, whether they are sailing about on vacation or want immediate assistance from maritime rescue services.


    Customer success, trust, passion, change, and performance are the five values that make up the culture of the Volvo Group. These principles serve as the fundamental principles that direct daily conduct and direct organizational decision-making at all levels. The values of Volvo are clear and profoundly significant. They stand for an internationally held conviction that can serve as the cornerstone of a high-performance culture and help a business reach its greatest potential.


    Founded: 1927
    Headquarters: Gothenburg, Sweden
    Website: https://www.volvogroup.com/

    Photo on Wikipedia
    Photo on Wikipedia
    Video by Volvo Group Videos
  4. Top 4

    Hexagon

    Hexagon, which combines sensor, software, and autonomous technologies, is a world leader in digital reality solutions. Customers can use the company's solutions to harness the rapidly expanding volumes of data and put it to use to improve productivity, inclusivity, and efficiency in industrial, product, and industrial applications, exports, infrastructure, the public sector, and transportation. Hexagon has about 24,000 workers spread across 50 nations, and its net sales are roughly EUR 5.2 billion.


    Hexagon
    dedicates a staff of more than 5,000 employees to bringing innovative concepts to market and annually reinvests 10 to 12% of its sales in research & development. The group's commitment to using data to enable an autonomous future is supported by Hexagon's R&D team. The Chief Technology Officer oversees the company's global staff of engineers, researchers, and product specialists as they execute the innovation plan. The central R&D facility is Hexagon Capability Center India (HCCI), which employs nearly 2,000 people.

    Hexagon is a leader in the development of smart sensors and gadgets. Great examples of intelligent reality recording devices that are growing autonomous include BLKARC and BLK2FLY. The Group is also setting the bar for innovation in visual computing. The cloud-based data visualization technology, HxDR, facilitates speedy comprehension and enhances decision-making. Through the use of a common, proprietary platform called Xalt, Hexagon can quicken innovation across hundreds of products. Solutions for quick-tracking its capacity to mine data and derive its full worth are supported by Xalt. Additionally, Hexagon innovation creates totally autonomous workflows by enhancing automation to liberate the full power of data.


    A compelling future vision of fully utilizing data for sustainable business, industry, and humanity is at the heart of Hexagon. Hexagon aspires to a future without economic growth that harms the environment and its inhabitants.

    Founded: 1992
    Headquarters: Stockholm, Sweden
    Website: https://hexagon.com/

    Screenshot of https://hexagon.com/
    Screenshot of https://hexagon.com/
    Video by Hexagon
  5. Top 5

    Spotify

    Digital music is available on Spotify from record companies like Sony, EMI, Warner Music Group, and Universal. While its operational offices are in Stockholm, Sweden, the company's legal headquarters are in Luxembourg. Daniel Ek and Martin Lorenzon founded Spotify in 2006, which enables users to share and listen to millions of tunes on desktops and mobile devices including smartphones. The music service now has about 190 million subscribers and is accessible in close to 80 countries.


    Users of Spotify can access songs, songs, videos, etc. from artists all around the world. Users of this company's app can listen to music directly on it without being prompted to pay a license fee, comparable to other apps like Apple Music, Zing MP3, etc. Spotify has separated into a premium and a free version to do this. Users can take advantage of fantastic features and hear brand-new songs with the free edition, but functionality and song quality are constrained. However, listeners may enjoy better-sounding music with 320kbps sound quality, limitless transfer flexibility, and uninterrupted music listening with the Premium service plan. Additionally, the premium package enables you to download up to 3333 tracks and save them on up to 3 devices for offline listening.


    To satisfy user preferences, Spotify offers more than 40 million goods. Additionally, the business provides both individuals and groups with the ideal location for music storage. The music will be of the highest quality and copyrighted; "brain stealing" music won't be permitted on the site. Additionally, Spotify added the ability to follow friends and favorite musicians. By using this tool, users may stay up to date on new music from their favorite artists as well as discuss and interact with others who enjoy the same genre.


    Founded: 2006
    Headquarters: Stockholm, Sweden
    Website: https://open.spotify.com/

    Screenshot of https://open.spotify.com/
    Screenshot of https://open.spotify.com/
    Video by Spotify
  6. Top 6

    Evolution Gaming

    The provider of live dealer gaming solutions for both online and brick-and-mortar casinos, Evolution Gaming is a true market leader. The service provider's name immediately became well-known after its establishment in 2006. During its first few years of operation, Evolution Gaming obtained contracts with several significant gaming industry players.


    The very professional live dealers at Evolution Gaming, the high-quality video streaming from several cameras, and the immersive environment their games provide are all complimented. The company is now providing all forms of live games including roulettes, blackjack, baccarat, casino hold 'em, and Caribbean stud poker thanks to the roomy TV production studios headquartered in Riga (Latvia) and other European locations. Players can play up to four games at once on one PC thanks to the multi-game functionality. Each game has been expertly optimized for a range of mobile devices. Furthermore, it is possible to make unique tables for various operators.


    The Alderney Gambling Control Commission, the UK Gambling Commission, and the Belgian Gaming Commission are just a few of the recognized gaming authorities from across the world from which Evolution Gaming has secured licenses and certificates. Integrating Evolution games into any gaming platform entails providing top-notch live casino material that complies with global regulations.


    Evolution Gaming is constantly working to enhance the online gaming experience for players and develop novel new products and services to meet the demands of growing market share. Evolution Gaming is supported by cutting-edge technology and a team of talented developers.


    Founded: 2006
    Headquarters: Sweden
    Website: https://www.evolution.com/

    Screenshot of https://www.evolution.com/
    Screenshot of https://www.evolution.com/
    Photo on flickr
    Photo on flickr
  7. Top 7

    Assa Abloy

    A Swedish company named Assa Abloy offers goods and services for locks, doors, gates, and entrance automation. Access control and identity verification employing mobile devices, biometric identity verification systems, and cards, keys, and cards are related goods and services. Assa Abloy was created in 1994 as a result of the combination of the two businesses, Assa and Abloy. By the year 2021, Assa Abloy had 51,000 employees worldwide. The company now operates in more than 70 countries and has sales growth of more than 9% annually.


    Opening Solutions teams of Assa Abloy are organized by region and lead in the development of door openings and access solutions for homes, businesses, and institutions. The company's offering includes doors, door and window hardware, mechanical and smart locks, access control, and service. ASSA ABLOY Entrance Systems provides solutions for the efficient and safe flow of goods and people. Products and services include a wide range of automatic walking gates, industrial and residential doors, dock equipment, perimeter fencing, and services. Customers can find our sales companies in 35 countries and distributors in 90 countries. powers the trusted identity of people, places, and things. Millions of people in business, healthcare, education, finance, government, and public institutions use HID products and services. Global Solutions leads the way in developing secure access solutions for hotels, cruise ships, student housing, construction sites, aged care facilities, lock management, and critical infrastructure.


    Assa Abloy has earned a reputation as one of the most creative businesses in the world throughout the years. It forms the basis of all the group accomplishes. Organic growth is fueled by developing the next wave of intelligent, eco-friendly solutions for the company's clients.


    Founded: 1994
    Headquarters: Stockholm, Sweden
    Website: https://www.assaabloy.com/

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    Video by ASSA ABLOY
  8. Top 8

    Sandvik

    Swedish global engineering firm Sandvik was established in 1862. The group employs roughly 40,000 people, has sales in about 150 countries, and generates about SEK 112 billion in revenue by the year 2022. The company's product line spans the full customer value chain and is based on significant R&D expenditures, customer insights, and an in-depth understanding of both industrial processes and digital solutions.


    Products and services from Sandvik improve sustainability, profitability, and productivity in sectors like infrastructure, mining, and manufacturing. The firm assists the mining sector and infrastructure in increasing efficiency, reducing costs, and improving safety through a broad variety of equipment and tools, services, and engineering solutions. Some application areas include rock drilling, rock cutting, crushing and screening, loading and unloading and transportation, tunneling, quarrying, and demolition. Additionally, Sandvik's comprehensive line of metal cutting tools and tool systems, in addition to offering the broadest selection of technical services available, aid customers in maximizing the production of high-quality parts. The business also offers the most recent digital and software solutions that encompass the whole manufacturing value chain.


    Sandvik has internal ownership of all pertinent metal 3D printing technologies and offers knowledge and services across the whole additive manufacturing value chain. Customers may realize and actualize the potential of 3D printing thanks to this comprehensive service. Finally, the business offers a variety of powder products as well as secondary tungsten raw material recycling services. It is the world's largest provider of high-quality powders based on metallic tungsten.


    Founded: 1862
    Headquarters: Stockholm, Sweden
    Website: https://www.home.sandvik/

    Screenshot of https://www.home.sandvik/
    Screenshot of https://www.home.sandvik/
    Video by Sandvik
  9. Top 9

    EQT

    Established in 1994, EQT is a Swedish multinational investment company. In Europe, North America, and Asia Pacific, its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital. Assets managed by EQT as of 2022 were € 210 billion or USD 227 billion. Based on funds raised, it is the third-largest private equity firm globally.


    The most important traits of EQT are an entrepreneurial spirit, an operational mindset, and a strong feeling of urgency. These traits align well with the company's ideals and vibrant corporate culture. EQT aspires to employ and keep the most talented individuals in terms of performance, respect, entrepreneurship, and teamwork. The hiring procedure, everyday operations, performance reviews, and employee training and development all take into account EQT's core principles.


    One of the initial private equity companies to join the Science Based Targets project is EQT. By assisting businesses in setting greenhouse gas emission reduction goals that are compliant with the Paris Agreement, this project promotes climate action. In accordance with the recently released standards for financial institutions, EQT is now creating its baseline and evaluating targets. EQT is working with the EQT Foundation, which has climate technology as one of its main investment themes, to achieve the reduction goals, which will also encompass the portfolio firms of the EQT funds. In order to enable the creators of climate technology to grow their solutions and effect, EQT is working to establish an ecosystem around the most important climate concerns.


    Founded: 1994
    Headquarters: Stockholm, Sweden
    Website: https://eqtgroup.com/


    Screenshot of  https://eqtgroup.com/
    Screenshot of https://eqtgroup.com/
    Video by EQT
  10. Skandinaviska Enskilda Banken, abbreviated as SEB, is a Nordic financial services corporation headquartered in Stockholm, Sweden. SEB provides an array of financial services in Sweden and the Baltic nations. The bank's operations are concentrated on providing corporate and investment banking services to corporate and institutional clients in Denmark, Finland, Norway, Germany, and the United Kingdom.


    The goal of SEB is to become a top Nordic corporate and investment bank with global reach, providing goods and services to retail customers in Sweden and the Baltic states in a digital format and with human interaction at critical junctures. The business will achieve this by stepping up its investments while on solid ground. This will enable the business to keep generating long-term value for shareholders. Accelerating efforts, changing strategy, strategic partnerships, and improving performance are the four forward-looking areas in which SEB will create focus, rethink, and invest in strategy 2030.

    SEB
    offers the framework required for society to operate. Through its products and services, SEB promotes economic growth, social value, and prosperity. Additionally, it fosters the transition to a low-carbon future by assisting consumers and contributing to the communities in which it operates.


    Founded: 1972
    Headquarters: Stockholm, Sweden
    Website: https://sebgroup.com/

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    Video by SEB



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