Priveq becomes a shareholder of Scanreco in connection with the acquisition of CrossControl

▤ Summary

Scanreco acquired CrossControl and simultaneously took on Priveq as a minority shareholder to strengthen its financial capacity for international growth. The combined group now comprises about 600 employees and generates roughly SEK 1.4 billion in annual revenue, with approximately 98% export share. The acquisition expands Scanreco's offering from industrial remote controls to include advanced display computers, machine control, edge computing, and a modular open software platform for OEMs. The move aims to provide a more integrated technology stack that reduces integration complexity and enables more consistent, data-driven operator experiences while the founders remain majority owners and in operational roles.

▦ Linked Companies

CrossControl AB

$10M to $25M