Top 10 Largest Tech Companies in Sweden
In this post, let's examine some of the largest tech companies in Sweden, ranked by market capitalization. Go directly to other related articles on Toplist if ... read more...you want to see more of the largest tech companies in other regions.
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Hexagon AB, with headquarters in Stockholm, Sweden, is a publicly traded company that provides IT solutions that boost productivity and quality in the geospatial and industrial sectors. Hexagon AB, founded in 1975, is the parent company of several different companies, including Leica Geosystems (Switzerland) and others in the metrology and geoanalytics industries. Hexagon AB, which employs more than 19,200 people worldwide, achieved revenues of around €3.8 billion and profits of about €738 million in 2018 across more than 50 countries.
Hexagon is organized in these divisions:[3][non-primary source needed]
- Agriculture
- Autonomy & Positioning (A&P)
- Geosystems (GEO)
- Manufacturing Intelligence (MI)
- Mining (MIN)
- Asset Lifecycle Intelligence (ALI)
- Safety, Infrastructure & Geospatial (SIG)
- Xalt Solutions
Founded: 1992
Headquarters: Stockholm, Sweden
Website: https://hexagon.com/ - Agriculture
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Spotify, founded in 2006 by Daniel Ek and Martin Lorentzon, is a Swedish company that offers music streaming and other media services. With over 515 million monthly active users and 210 million paid customers as of March 2023, it is one of the leading music streaming service providers. Through Spotify Technology S.A. a Luxembourg City-based holding company, American depositary receipts for Spotify stock are traded on the New York Stock Exchange.
Spotify provides access to over 100 million songs and 5 million podcasts from record labels and media firms that are protected by digital copyright. As a freemium service, you can use the core functionality without paying anything, but you'll have to put up with ads and have fewer customization options. Users can do artist, album, and genre-based searches, as well as make, modify, and share custom playlists.Spotify is accessible in 184 different countries and territories in Europe, Africa, the Americas, Asia, and Oceania.[9] Approximately 53% of its consumers and 67% of its earnings come from the United States and Europe.[10] It is completely absent from mainland China, where QQ Music has cornered the market. Access the service on your computer (Windows, macOS, or Linux), mobile device (iOS or Android), smart home device (Amazon Echo, Google Nest), or digital media player (Roku, etc.).
Founded: 23 April 2006
Headquarters: Stockholm, Sweden
Website: https://www.spotify.com -
Telefonaktiebolaget Swedish global networking and telecommunications business LM Ericsson, or simply Ericsson, is headquartered in Stockholm. Information and communications technology products such as 3G, 4G, and 5G networks as well as IP and optical transport systems are only some of what the company offers to telecommunications service providers and businesses.
The firm has a global workforce of about 100,000 individuals and a presence in more than 180 nations. Ericsson has received more than 57,000 patents to date. Ericsson is one of the pioneers in the 5G telecommunications market and has made significant contributions to its growth.
Lars Magnus Ericsson established the corporation in 1876; today it is owned by the Wallenberg family (through Investor AB) and the universal bank Handelsbanken (via Industrivärden). After the Kreuger empire collapsed in the early 1930s, the Wallenbergs and the Handelsbanken sphere acquired voting-strong A-shares and, by extension, control of Ericsson. Ericsson is credited as the company that first developed Bluetooth.Founded: 1876
Headquarters: Kista, Stockholm, Sweden
Website: https://www.ericsson.com/ -
The Karlstad, Sweden-based Embracer Group AB is a media and video game holding firm formerly known as Nordic Games Licensing AB and THQ Nordic AB. Nordic Games Licensing was founded in 2011 as the parent business of Nordic Games GmbH and a subsidiary of Nordic Games Group.
The company began acquiring assets from failed publishers in 2011, with JoWooD, and continued with THQ in 2013. Using the "THQ" trademark it had purchased in 2014, Nordic Games Licensing and its publishing subsidiary changed their identities in August 2016 to THQ Nordic AB and THQ Nordic GmbH. It went public on Nasdaq First North in November of 2016.In 2018, THQ Nordic purchased Koch Media Holding (the parent company of Koch Media) and Coffee Stain Holding (the parent company of Coffee Stain Studios), all of which are now separate but complementary divisions inside THQ Nordic. THQ Nordic AB changed its name to Embracer Group in September 2019 to distinguish itself as a holding company from THQ Nordic GmbH, which kept its original name.
Amplifier Game Invest, Asmodee, CDE Entertainment, Coffee Stain Holding, Dark Horse Media, DECA Games, Easybrain, Embracer Freemode, Gearbox Entertainment, Plaion, Saber Interactive, and THQ Nordic are only a few of Embracer Group's twelve direct subsidiaries as of August 2022. Separate businesses, affiliates, and research and development facilities make up each organization.Founded: 2011
Headquarters: Karlstad, Sweden
Website: https://embracer.com/ -
Stockholm, Sweden-based video game producer Paradox Interactive AB. In 2004, the company's video game section was separated off from Target Games and Paradox Entertainment (now Cabinet Entertainment) to become its own company. The firm has evolved to encompass nine first-party development studios, including its flagship Paradox Development Studio, and works as publisher for games from other developers through a combination of expanding internal studios, forming new studios, and purchasing independent developers.
Paradox has developed strategy games in a variety of scenarios, including historical ones; role-playing games; video games that simulate business operations; and other types of games, such as management simulators. They are well-known for making games that are simple to modify and for continuing development of their titles long after they have been released.
In addition to video games, Paradox has also made board games based on several of its properties, and after purchasing White Wolf Publishing in 2015, it now has the rights to publish the World of Darkness tabletop role-playing game series. Since 2017, anyone can attend their annual convention, PDXCON.Founded: 1999
Headquarters: Stockholm, Sweden
Website: www.paradoxplaza.com -
"Hexatronic Group" is the public Swedish firm Hexatronic Group AB (publ). The stock of the company trades on the NASDAQ in Stockholm. According to the Swedish Corporate Governance Code, Hexatronic Group follows its guidelines.
According to Swedish company law, the Articles of Association are a key governing document for Hexatronic Group. The operating objective, share capital, and required notice period for the Annual General Meeting are all spelled out in Hexatronic Group's Articles of Association. Hexatronic Group abides by all other local, national, and international rules and regulations that may apply.Founded: 1993
Headquarters: Sweden
Website: https://group.hexatronic.com -
Dometic Group, headquartered in Sweden, produces a wide range of goods across multiple categories, including Food & Beverage, Climate, Power & Control, and more, for use in a wide range of markets, including the outdoors, RVs, boats, and hotels. It serves customers in the Asia-Pacific, EMEA, and Americas regions.
Dometic has a worldwide dealer and distribution network to support the aftermarket in over a hundred countries. Dometic is a Swedish company situated in Solna that, in 2022, had net revenues of SEK 29.8 billion, an increase of 12% from the previous year. The company held its first public offering (IPO) on Nasdaq Stockholm in November of 2015.
Established in 1923, the firm now operates out of its Solna, Sweden, headquarters. In the categories of food and drink, climate, power and control, sanitation, and safety and security, Dometic is a worldwide leader in providing products and solutions for mobile lifestyles.Founded: 2001
Headquarters: Solna, Stockholm, Sweden
Website: https://www.dometic.com/ -
Smartphone users can utilize TrueCaller's caller ID, call blocking, flash messaging, call recording (on Android up to version 8), chat and voice over the Internet, and other functions thanks to this software. Users must provide a valid, industry-standard mobile phone number in order to sign up for the service. Both Android and iOS users can download the app.
Despite having its headquarters in Stockholm, Sweden, TrueCaller was created by a small team in India. The firm, True Software Scandinavia AB, was founded in 2009 by Alan Mamedi and Nami Zarringhalam but is privately held. On July 1, 2009, it was released for Symbian and Windows Mobile. Release dates for various platforms range from September 23, 2009, for Android and Apple's iPhone, through February 27, 2012, for BlackBerry, March 1, 2012, for Windows Phone, and September 3, 2012, for Nokia's Series 40.
TrueCaller's 120 million monthly searches of its phone number database were performed by its 5 million users as of September 2012.On January 22nd, 2013, TrueCaller announced that it had 10 million active users. TrueCaller boasted 250 million users all around the world as of January 2017.As of February 4, 2020, it had more than 200 million monthly users around the world, with 150 million of them in India alone.Founded: July 1, 2009
Headquarters: Sweden
Website: https://www.truecaller.com/ -
Stockholm-based video game studio and publisher Starbreeze Studios AB is Swedish. The studio's major output includes the video games Brothers: A Tale of Two Sons, Payday 2, and The Chronicles of Riddick: Escape from Butcher Bay. In 2002, Starbreeze, which had been founded by ex-members of the demogroup Triton, merged with O3 Games while keeping the Starbreeze brand. Games like Knights of the Temple: Infernal Crusade and Enclave came from the studio.
During the production of their fourth game, The Chronicles of Riddick: Escape from Butcher Bay, Starbreeze experienced a significant financial crisis as a result of the termination of their projects due to issues with publishers and a failed purchase. The success of Starbreeze can in part be attributed to the positive reception this game garnered from critics. The business assisted on The Darkness, which has done well in sales.
Many of Starbreeze's employees left for MachineGames, a competitor founded by Starbreeze's founders, after the studio's collaboration with Electronic Arts on a Syndicate reboot was a commercial failure. So they shifted some resources to making more intimate games like Brothers: A Tale of Two Sons. In 2012, Starbreeze took the first step toward growth by purchasing Overkill Software. After losing a total of $14.4 million since its founding, Starbreeze turned a record profit thanks to Overkill's first product after the acquisition, Payday 2. In 2015, the business stated that it had begun developing a virtual reality device called Project Star VR and will begin releasing video games from independent developers.
Skybound Entertainment granted Starbreeze a license to produce Overkill's The Walking Dead, however the project stalled during production and received negative critical reception and disappointing sales when it was finally published in 2018. Starbreeze spent the year from December 2018 to December 2019 reorganizing in the hopes of regaining financial stability thanks to the success of this game, but instead had to sell off many of its publishing relationships and take other drastic measures.Founded: 1998
Headquarters: Stockholm, Sweden
Website: https://corporate.starbreeze.com/ -
HMS Networks AB operates on a global scale as a leader in industrial ICT (industrial information and communication technology). In 2020, HMS reportedly made 145 million euros in sales, with 700 employees spread over 16 countries and a headquarters in Halmstad, Sweden. When referring to HMS products, the "Hardware Meets Software" moniker is used to indicate that these items facilitate the integration of industrial hardware with Internet of Things software.
HMS creates and distributes industrial communication products that link together various IoT and industrial networks and their associated devices. Products from HMS translate signals between fieldbuses and industrial Ethernet, as well as other industrial networks and devices like robots, control systems, motors, sensors, etc. When it comes to web-based control of field equipment like PLCs, electric generators, machinery, telecommunication base stations, building management systems, and the like, HMS has you covered with a wide range of wireless devices and remote solutions.Founded: 1988
Headquarters: Halmstad, Sweden
Website: https://www.hms-networks.com/