Many strong own brands in a global market

Power Solutions offers numerous own products under its own brand. This includes components and technical solutions for insulators, carbon brushes, ergonomic solutions, accelerators and joysticks. The Battery Systems business unit offers solutions for batteries and subsystems for batteries. Customised Solutions are focused on special vehicles that also include ergonomic solutions. Power Systems offers a wide range of solutions in power supply applications.

The business area’s subsidiaries often hold leading market positions in the niches in which they operate. Our customers are mainly OEM companies where our products are inputs that are part of the customer’s solution. The customers are primarily in special vehicles, energy and the electronics industry, where our subsidiaries possess a high level of cutting-edge expertise. Together with customers, we develop technical solutions in a sustainable and environmentally friendly direction. Since we are often involved in the design phase, we can be involved in controlling and optimising the customer’s end product. Power Solutions’ development is largely driven by society’s rapid technical development – not least when it comes to electrification and the expansion of 5G. Demand in special vehicles is also a strong driving force, where we offer battery solutions and ergonomic products for trucks, mining and forestry machines.


”We often ask our customers: How can we as a supplier help you achieve your sustainability goals?”

Per Lundblad, Business Area Manager, Power Solutions

Examples of products

Batteries, joysticks, ergonomic driver’s seats, accelerator pedals, electric motors, power components, drives, isolators, switches, wiring and electric brushes.

2020/2021 in brief

The business situation varied between our different customer and product segments, much depending on the ongoing pandemic. In special vehicles, demand decreased at the beginning of the year, but a recovery took place during the last quarter. The wind power side was affected to a small extent and, for the companies operating towards the telecom sector, the business situation strengthened favourably. High acquisition rate with three new companies incorporated into the business area. Read more in the Administration Report.

Future focus

Our ambition is to maintain a high acquisition intensity and to further improve our digital position in the niches in which we operate. We are maintaining our international agenda and to develop the business units to respond to customers’ increasing demands for sustainable products. The ambition is to have the same sustainability agenda as our customers and to maintain a continuous dialogue with them to develop leading technical solutions towards a more sustainable society and a sustainable industry.

Key financial indicators 2020/2021 2019/2020
Net sales, SEK million 1,606 1,630
EBITA, SEK million 209 231
EBITA margin, % 13.0 14.2
Return on working capital, % 55 60
Average number of employees 445 425
Acquired annual sales* 242 98
Proportion sustainable business**, % 60 -
* On a full-year basis at the time of acquisition.
** Share of total revenue, in business area, that contributes to UN’s global goals, only measured on group level 2019/2020.

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