// About Us

Our journey.

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

Founded 2023Five European marketsProfitable every yearEngineering-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.

    Founded January 2023
  • 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.

    S-2Connect® in the UK & 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.

    Long-term partnerships
  • 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.

    Profitable since day one
// Group structure

One parent. Three companies and one being explored.

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 Investment

Legally Updal Engineering AB

100% owned
Energy

Updal Green Energy

Exploring
Exploring

Updal ?

// Our team

One team, connected from definition to industrialization.

Commercial leadership, hardware, firmware, software and cloud expertise working across the same product journey.

Meet the team
Kjell Karlsson
Christer Krebs
Peter Lindberg
Rui Zhou
James Hough
// Company financials

Three companies. One clear view.

Updal Solutions

IoT products and specialist engineering consultancy

Trading since 2023
2023
Revenue 6,881 TSEKEBIT 1,922 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 664 TSEK

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

2025
Revenue 7,429 TSEKEBIT 406 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

Updal Today.

01

What we do now

Today, Updal provides specialist consulting for focused, well-defined projects — measured in weeks and quarters, then handed over. We also work closely with our partner companies on S-2Connect and the connected devices installed in the UK.

02

How we support you

Our current work spans technology, operations and commercial development in a high-tech industry built around live connectivity and connected devices. We support customers with engineering expertise, interim management, sales and business development, adapting our role to each customer's needs.

03

What's coming next

We continue to monitor the market and look for new people to join our team. We are also exploring the Smart Energy market and seeking new investment opportunities.

Have a project, an assignment or a product idea? Tell us what you need and we'll get back to you.

Contact us
// Social responsibility

Supporting local communities.

Runby IF women's team gathered by the team bench after a match in Upplands Väsby
Runby IF club crest× Updal
Runby IF

Community partner · Upplands Väsby

  • Partner since: Since 2023
  • Location: Upplands Väsby
  • Focus: Youth & women's football

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.

// 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.