AEROWASH AB CLASS B
NNGM:AERW.B1.14
SEK
+0.00
(-0.44%)
AEROWASH AB CLASS B
NGM:AERW.B
(Nordic Growth Market)
Recent
price
1.14
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Aerowash AB (publ) is a Swedish aviation technology company that designs, develops, manufactures, and markets automated robotic exterior washing systems and cleaning solutions for the global aviation industry. Founded in 2016 and headquartered in Gävle, Sweden, the company provides automated ground support equipment designed to streamline aircraft exterior maintenance, decrease turnaround and washing downtime, improve occupational safety for ground crews, and reduce environmental impact through optimized water and chemical usage. The company serves commercial airlines, airport ground handling service providers, military aviation units, and maintenance, repair, and overhaul (MRO) organizations across Europe, Asia, the Middle East, and North America. The company's primary products and services include: the AW3 and upgraded AW3+ automated robotic washing systems, featuring multi-axis telescopic booms, flexible contour-adjusting brush assemblies, intelligent wireless remote control units, four-wheel drive and steering systems, and integrated safety and distance sensors configured to service various aircraft sizes up to wide-body airliners including the Airbus A350 and Boeing 787; multi-mode washing technology supporting both wet wash applications and waterless dry washing operations; aircraft exterior washing services and turnkey fleet cleaning contracts; comprehensive aftermarket maintenance, technical field support, and spare parts provisioning; digital training programs and e-learning platforms providing round-the-clock instructional support and operator certification; operational consultancy for optimizing airline cleaning schedules and ground support workflows; and certified, 100 percent biodegradable cleaning chemical solutions delivered in partnership with aerospace chemical manufacturer SOCOMORE. In recent developments, Aerowash AB has accelerated its international commercial expansion and market diversification. The company expanded its presence in the Asia-Pacific region by securing an agreement for the deployment of its robotic washing systems with Japan Airlines at Tokyo Narita International Airport, alongside widening its Middle Eastern distribution through order agreements in Saudi Arabia via its regional partner Aerotech. Furthermore, Aerowash expanded its technology platform into adjacent heavy transportation markets by establishing operations and developing dedicated automated washing solutions for trains and buses, supported by dedicated growth loan financing from Almi. The company has also completed rights issues and convertible debt financing to support working capital requirements, scale manufacturing capacity, and accelerate global commercial deployment.