About Traction
Traction is a company based in Stockholm (Sweden) founded in 1974 by Bengt Stillstrom. It operates as a Brokerage / Intermediation. Traction has completed 2 acquisitions, including Ankarsrum Kitchen and Nilorn. Traction offers products and services including Investment Services and Financial Placements.
- Headquarter Stockholm, Sweden
- Founders Bengt Stillstrom
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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- Legal Name Traction Ab Class B
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Annual Revenue
$14.33 M (USD)-17.53as on Dec 31, 2024
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Net Profit
$43.25 M (USD)76.83as on Dec 31, 2024
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EBITDA
$43.45 M (USD)75.18as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Ankarsrum Kitchen
& 1 more
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IPO & Listings of Traction
Traction is a publicly listed company on the OMXSTO with ticker symbol TRAC_B in Sweden, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Traction
Traction offers a comprehensive portfolio of products and services, including Investment Services and Financial Placements. 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.
Investment services are provided for active ownership stakes.
Financial placements are managed for capital return optimization.
Funding Insights of Traction
| 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 |
Investments & Acquisitions by Traction
Traction has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ankarsrum Kitchen and Nilorn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Branding solutions for garments are designed and delivered globally.
|
1970 | ||||
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High-quality stand mixers are manufactured for culinary tasks.
|
1940 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Traction
| 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 |
Traction Comparisons
Competitors of Traction
| 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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Latest news on Traction
Frequently Asked Questions about Traction
When was Traction founded?
Traction was founded in 1974.
Where is Traction located?
Traction is headquartered in Stockholm, Sweden.
Who is the current CEO of Traction?
Petter Stillstrom is the current CEO of Traction.
What is the annual revenue of Traction?
Annual revenue of Traction is $14.33M as on Dec 31, 2024.
What does Traction do?
Traction is operated as a publicly listed investment company based in Stockholm, Sweden. Active ownership interests are held in both listed and unlisted small to medium-sized enterprises. Investment activities are conducted to achieve strong returns on capital through financial placements, primarily in other listed companies and interest-bearing assets. A long-term commitment is maintained through close collaboration with co-owners, entrepreneurs, and management teams. No specific industry focus is adopted; instead, development and transformation efforts are applied across all portfolio companies prioritizing business acumen and sustainable practices.
What products or services does Traction offer?
Traction offers Investment Services and Financial Placements.
Is Traction publicly traded?
Yes, Traction is publicly traded on OMXSTO under the ticker symbol TRAC_B.
How many acquisitions has Traction made?
Traction has made 2 acquisitions, including Ankarsrum Kitchen, and Nilorn.
What is Traction's ticker symbol?
The ticker symbol of Traction is TRAC_B on OMXSTO.