- Business
- engcon AB (publ) engcon AB (publ) manufactures tiltrotators and associated attachments for excavators, enhancing efficiency, flexibility, profitability, safety, and sustainability in excavation operations. The company offers a comprehensive product portfolio including tiltrotators as the core offering, quick couplers, hydraulic and mechanical tools such as buckets, grabbers, compactor plates, grading beams, pallet forks, and sweepers, as well as control, steering, and safety systems that transform excavators into versatile tool carriers capable of replacing multiple machines; these solutions apply to applications in pipelines, water and sewage works, railway engineering, telecommunications, broadband, electrical works, road construction, and landscaping. Founded in 1990 and headquartered in Strömsund, Sweden, engcon operates two production facilities in Strömsund and Niepruszewo, Poland, with approximately 400 employees across 16 markets through 15 local sales companies and a global network of resellers. In recent developments, engcon completed acquisitions of minority stakes in subsidiaries engcon Denmark A/S, engcon Finland Oy, and engcon France SAS in May 2025, issuing 694,827 B shares as partial consideration to achieve full ownership and streamline its group structure. Additionally, in October 2025, engcon entered a strategic partnership with Italian firm TM Benne to market and sell its products in Italy starting in the fourth quarter, strengthening its European presence amid growing demand for efficient excavation solutions. The company listed its class B shares on Nasdaq Stockholm in June 2022 and launched its third-generation tiltrotator system in 2023, featuring advanced technology for reduced energy consumption and compatibility with electrified excavators.