Business areas: Inission & Enedo

Inission’s offering is divided into two business areas: contract manufacturing of electronic and mechanical products under the Inission brand and power electronics and systems under the Enedo brand. Together, they strengthen Inission’s position in advanced electronics production by driving innovation, improving market conditions and creating new opportunities to deliver value to our customers.

Briefly about the Inission business area

Inission is a manufacturing partner that offers customized development and manufacturing of electronic and mechanical products. Inission’s services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. Inission has operations in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Halden (Norway), Lohja (Finland), Tallinn and Lagedi (Estonia).

Briefly about the Enedo business area

Enedo is a global product company that develops, manufactures and sells high-quality electronic power supplies and system solutions. Enedo has a broad product portfolio of both self-developed products and platforms supplemented by purchased products. Enedo has operations in Helsinki (Finland), Ancona (Italy), Tunis (Tunisia) and New Jersey (USA).

Inission – Contract Manufacturing of Electronics and Mechanics

 

Inission’s services are designed to cover the entire lifecycle of an electronics and mechanical product, relieving the customer’s organization in areas where we possess deep expertise due to our extensive experience.

 

  • Services
    Inission offers the following services: development & design, prototypes, industrialization, volume production, and aftermarket. The services are conceptualized and productized to demonstrate that we are a total provider in the true sense of the word.

 

  • Customers
    As a contract manufacturer, our customer portfolio is our most important asset. Inission has a strong customer portfolio with a multitude of clients spread across various industries. This makes us less sensitive to industry-specific economic fluctuations. It also allows us to distribute production between different customers during periods of varying demand.

 

  • Key Figures for Q3 2024
    Net revenue: 355,414 TSEK (376,389)
    Growth: -5.6% (20.0)
    of which acquired: 8.8% (0.0)
    EBITA: 22,326 TSEK (37,218)
    EBITA margin: 6.3% (9.9)
    Assets: 1,512,463 TSEK (1,428,240)
    Liabilities: -856,195 TSEK (-889,084)

 

  • Brief History
    2015: Montronic acquired (Sösdala). Listed on Nasdaq First North
    2016: SKEAB acquired (Stockholm). Onrox acquired (Borås, Malmö). Inission Malmö AB opens (Montronic + Onrox Malmö). Inission Borås AB opens (Inission Göteborg + Onrox Borås)
    2017: Inission Stockholm AB opens (Triab + SKEAB)
    2018: Speed Production AB acquired (Borås). Simpro Holding AS acquired (Trondheim)
    2019: Sweco Elektronik AB acquired (Västerås)
    2020: HY-Tech Oy acquired (Lagedi, Lohja)
    2021: Initial Enedo investment
    2022: MLB Electronics acquired (Lohja)
    2024: 100% acquisition of Enedo Oyj. AXXE AS acquired (Halden)

 

  • More About the Business Area Inission
    www.inission.com
    Annual reports and interim reports

Enedo – Power Electronics and Systems

 

Enedo develops, manufactures, and markets power electronics and systems with a focus on high-quality, customized solutions for customers. Enedo is a global player with its main markets in Europe and the USA. The company is involved in the electrification and digitalization of its customers’ operations and environments, contributing to creating more favorable conditions for sustainable development.

 

  • Products
    Enedo offers a broad product portfolio consisting of both in-house developed products and platforms, complemented by off-the-shelf products. These products include standardized DC power systems, AC/DC power supplies, and LED drivers for a range of demanding industrial sectors, including telecommunications, industrial, medical, lighting, energy, railways, and defense.

 

  • Customers
    Enedo’s customers include demanding industrial clients in sectors such as LED displays, industrial automation, and test & instrumentation. All of Enedo’s customer segments are showing strong growth, but Enedo is particularly strong in test and measurement, which places high demands on power supply quality. This technology is highly applicable in the growing medtech sector. Overall, electrification and modification of electricity for various applications is a rapidly growing market.

 

  • Key Figures for Q3 2024
    Net revenue: 114,844 TSEK (138,157)
    Growth: -16.9% (11.7)
    of which acquired: 0.0% (0.0)
    EBITA: 7,991 TSEK (37,218)
    EBITA margin: 3.8% (5.8)
    Assets: 290,585 TSEK (307,327)
    Liabilities: 290,862 TSEK (241,053)

 

  • Brief History
    1975: Finlandia Interface founded to manufacture power supplies
    1988: Listed on the Helsinki Stock Exchange
    1996: Name changed to Efore
    2013: ROAL Electronics acquired. Enters industrial sector
    2018: Powernet acquired, strengthening industrial sector
    2019: Telecom business divested
    2020: Enedo created. New strategy based on industrial sector
    2021/2022: Turnaround execution for profitability and performance

 

  • More About the Business Area Enedo
    www.enedopower.com
    Annual reports and interim reports

Our global operations

Together, they strengthen Inission’s position in advanced electronics production and create new opportunities to deliver value to our customers.

  • Blue marking: Inission Business Area
  • Red marking: Enedo Business Area

Mission

Common to both of our business areas is that we have a strong conviction that our industries can change and improve and that we must constantly deliver even higher value to our customers. To be successful, we are committed to taking the lead and never letting our commitment slip.Our mission – the most satisfied customers.

Vision

Our vision is to be the respective industry’s best partner and supplier, both for the customer and the customer’s customer. This requires us to constantly develop and improve, but also to understand our customers’ expectations. We want to lead the development in the industry and be an example. Our customers should feel proud to have Inission or Enedo as a supplier.

Values

Our values reflect the culture of Inission and Enedo, and what we collectively stand for and act upon. They also guide us towards the right and sustainable decisions.

  • Attitude: We aim to be involved and strive for improvement while encouraging teamwork through sharing information and knowledge.
  • Flexibility: We adapt to the situation, remain curious, and have the mindset that every problem has a solution.
  • Precision: Always on time and with the right quality.
  • Trust: We are honest and keep our word and promises.