About Swecon
Swecon is a company based in Eskilstuna (Sweden) founded in 1999 was acquired by Volvo Group in June 2025.. The company has 30 employees as of December 31, 2022. Swecon offers products and services including Construction Machinery and Flexible Services.
- Headquarter Eskilstuna, Sweden
- Employees 30 as on 31 Dec, 2022
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Swecon
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
30
as on Dec 31, 2022
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Acquired by
Volvo Group
(Jun 24, 2025)
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Products & Services of Swecon
Swecon offers a comprehensive portfolio of products and services, including Construction Machinery and Flexible Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
State-of-the-art machinery for construction industry needs
Services to enhance and maintain machinery operations
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Funding Insights of Swecon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Swecon
Swecon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Volvo Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Brand of commercial vehicles
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Swecon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Swecon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swecon Comparisons
Competitors of Swecon
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Swecon
When was Swecon founded?
Swecon was founded in 1999.
Where is Swecon located?
Swecon is headquartered in Eskilstuna, Sweden. It is registered at Eskilstuna, Sodermanland County, Sweden.
Who is the current CEO of Swecon?
Ulf Hellstrom is the current CEO of Swecon.
How many employees does Swecon have?
As of Dec 31, 2022, the latest employee count at Swecon is 30.
What does Swecon do?
Swecon was established in 1999 and operates as a supplier of Volvo Construction Equipment in Sweden, Germany, Estonia, Latvia, and Lithuania. Equipment and related services are provided to the construction sector, with a focus on sustainable practices and net-zero value chain goals. Rental companies have been acquired to broaden service offerings in the industry. Headquarters are located in Eskilstuna, Sweden.
What products or services does Swecon offer?
Swecon offers Construction Machinery and Flexible Services.
Who are Swecon's investors?
Swecon has 1 investor. Key investors include Volvo Group.
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