Investing in connected technology, with the people who build it.
Updal Engineering is the investment arm of the Updal Group. We take long-term ownership positions in ambitious technology companies across Sweden and the United Kingdom — combining capital with the practical, hands-on support of an engineering-led group.
Capital and operational support, from operators who ship products.
Updal Engineering invests in technology companies across Sweden and the United Kingdom. We work closely with management teams, providing both investment and practical support to help companies grow, strengthen their business, and create long-term value for customers, employees, and shareholders.
We are engineers and operators first. That means we understand what it takes to design, certify and manufacture a connected product — and we bring that experience to every company we back.
Engineering-led companies we back for the long run.
SEWittra Sweden AB
Nida Tech Sweden AB – Company No. 556901-3294
Based in Sweden, Nida Tech (Wittra) develops advanced indoor and outdoor positioning and asset tracking solutions for industrial applications. The company specializes in reliable tracking technologies that perform in demanding environments, helping customers improve efficiency, safety, and operational visibility. With expertise in positioning systems and Industrial IoT, Nida Tech delivers innovative solutions trusted across a wide range of industries.
https://www.wittra.io/
UKZapIQ
ZapIQ Limited – Company No. 16412597
Based in the UK, ZapIQ develops intelligent IoT solutions for monitoring mould, indoor air quality, humidity, and energy efficiency. Our connected devices and cloud platform help housing providers, property owners, and businesses create healthier, safer, and more sustainable buildings through real-time monitoring and data-driven insights.
https://zapiq.co.uk/
UKCosie Homes
Cosie Homes Limited – Company No. 17328139
IoT Solutions Group (IoTSG), now part of COSIE Homes, provides IoT-based monitoring solutions for housing, care, and facilities management. Its connected sensors and cloud platform enable remote monitoring of damp and mould, water safety, energy performance, assisted living, parking, and waste—helping organisations reduce costs, improve compliance, and act proactively.
https://iotsg.co.uk/How we invest, and how we work with the teams we back.
Long-term Ownership
We take patient, long-term positions in companies we believe in — not short-cycle bets. Our horizon is measured in years, not quarters.
Engineering-led Businesses
We focus on companies where deep technical capability is a durable advantage — hardware, firmware, connectivity, industrial and IoT.
Active, Hands-on Support
Beyond capital, we contribute operational experience, engineering know-how, supply-chain relationships and commercial thinking.
Aligned with Management
We work as partners to management teams, aligning around growth, quality and long-term value for customers, employees and shareholders.
Sweden & United Kingdom
Our footprint spans Scandinavia and the UK — two markets we know deeply through decades of engineering and commercial experience.
Group Synergies
Portfolio companies benefit from access to Updal Solutions engineering capabilities and the wider group's partner network.
Building something ambitious? Let's talk.
If you're an engineering-led company in Sweden or the UK looking for a long-term partner — not just capital — we'd like to hear from you.