// About Us

Our journey.

A young Swedish technology group with an experienced team — combining engineering excellence with commercial understanding, from concept to production.

Founded 2023Sweden & UKProfitableEngineering-led
// Our journey

From first assignment to a scalable engineering organisation.

01

A clear ambition

Updal was founded with a simple ambition: to help technology companies develop better products and bring innovative ideas to market. Since starting operations in January 2023, we have grown into a trusted engineering partner delivering complete development projects, IoT solutions and technology investments across Sweden, Austria, Netherlands, Ireland and the UK.

02

Engineering and own products

In just a few years, we have successfully completed numerous engineering assignments in embedded systems, electronics, firmware, software, mechanics and connected devices. Alongside our consulting business, we have continued to develop and deploy our own S-2Connect® Pro1 and Companion platforms, which today support customers in real-world applications across the UK and Ireland.

03

Growth through relationships

Our growth has been driven by long-term customer relationships, strategic partnerships and continuous investment in our engineering capability. As the business has expanded, we have strengthened our organisation, broadened our technical expertise and built a scalable engineering team capable of delivering increasingly complex projects.

04

Profitable every year

Financially, Updal has remained profitable every year since its inception. While we have invested significantly in product development, people and future growth, these investments have created a stronger foundation for the years ahead.

// Group structure

One parent. Four companies.

Updal Holding is the parent company of the group, providing the ownership structure for its operating companies, with its headquarters in Upplands Väsby, Sweden

Read more about Updal Group →
Parent company
Updal Holding
Upplands Väsby, Sweden
100% owned
IoT

Updal Solutions

100% owned
Investments

Updal Engineering

100% owned
Energy

Updal Green Energy

Exploring
Exploring

Updal ?

// GROWTH IN NUMBERS (SOLUTIONS)

Profitable every year since inception.

2023
Revenue 6,881 TSEKEBIT 1,921 TSEK

Company launched, first employees joined, first engineering projects delivered, rollout of S-2Connect® Pro1 and Companion in the UK.

2024
Revenue 9,305 TSEKEBIT 706 TSEK

Customer base expanded, larger engineering projects secured, continued investment in products and organisation while remaining profitable.

2025
Revenue 7,429 TSEKEBIT 410 TSEK

Strategic partnerships established, new customers won, engineering organisation strengthened to support long-term growth.

2026 (Forecast)
Revenue 7,500 TSEKEBIT ~400 TSEK

Continued deployment of connected sensors in the UK, first customer implemented in Ireland, and ongoing expansion through engineering projects and partnerships.

// Updal today

Engineering excellence, commercial understanding.

Today, Updal combines engineering excellence with commercial understanding. We help customers move from concept to production while also investing in technologies that create long-term value. Although we are still a young company, our progress demonstrates a clear direction: sustainable growth, profitable operations, and a growing presence in the European technology market.

Founded
Jan 2023
Markets
EU & UK
Result
Profitable
// Social responsibility

Supporting local communities.

Updal is proud to support Runby IF, a local football club in Upplands Väsby with a strong focus on children, young people, and the local community.

Runby IF works to make football open and affordable for everyone. The club gives children and young people a safe and welcoming place where they can play football, develop their skills, make friends, and experience what it means to be part of a team.

The club also has a women's team, helping create more opportunities for women to play and develop in football. Together with its youth teams and community activities, this makes Runby IF an important part of the local area.

By supporting Runby IF, Updal wants to contribute to equal opportunities, an active lifestyle, and stronger local communities. We believe that local sports can bring people together and create positive experiences that last far beyond the football field.

Runby IF club crest
Runby IF

Community partner

Partner since
2023
Location
Upplands Väsby
Focus
Youth & women's football
// Work with us

Let's build something together.

Tell us about your product, your timeline and where you need support. We'll come back with a concrete way to move forward.