Annual rank83
Sweden · Industrials
AQ Group
Business areas span electric cabinets, system products, injection moulding, precision stamping, inductive components, wiring systems and sheet-metal processing.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
The industrial systems inside trains, grids, ports and machinery
AQ Group is the listed Swedish parent of a decentralised network of specialised manufacturers. Its companies engineer and manufacture customer-designed components and complete systems, then source, assemble, test and deliver them. Electrical cabinets, harnesses, transformers, sheet-metal structures and moulded parts sit inside trains, commercial vehicles, ports, power grids, data centres and industrial machinery. Production in 17 countries lets local operations stay close to customers while sharing purchasing and logistics across the group.
Products and applications
The product can be a harness, a transformer or the whole machine
Electrical-cabinet units build controls for ship cranes and harbour automation. Wiring operations make signal and power harnesses plus train driver desks and electrical cabinets. Inductive subsidiaries design transformers and reactors up to 22 kV and 12.5 MVA for traction, renewables and data centres. System Products can integrate mechanics, electronics and software into ticket machines, ATMs, packaging equipment and passport automation.
- Open Electrical Cabinets Controls for ship cranes, harbours, motors and food-industry machinery
- Explore complete System Products Ticketing, banking, packaging, printing and passport-automation equipment
- Follow a wiring system into production Harnesses and driver modules from design to tested assembly
- Map the inductive portfolio Transformers, reactors, coils and filters across demanding power applications
- See AQ Trafotek products Dry-type transformers and filters for drives and renewable-energy systems
- ▶ VideoWatch Electrical Cabinets Official English overview of the business area's engineering and production
Manufacturing toolbox
Metal, plastics and electrical work meet under one supplier
Sheet-metal factories handle material from 0.2 to 20 millimetres through laser cutting, punching, pressing, welding, coating and assembly. The injection-moulding network operates more than 120 presses from 25 to 1,500 tonnes and can combine up to four materials in one component. AQ Components Kodara in Pärnu adds friction-stir welding, powder coating and assembled aluminium or steel parts for rail, power and defence applications.
- Open the sheet-metal toolbox Laser, press, weld, finish and assembly capabilities
- Explore injection moulding More than 120 presses, multi-material parts and varied batch sizes
- Meet AQ Components Kodara The official operating-company profile for the Pärnu plant
- Open Kodara's process list Forming, welding, coating and torque-controlled assembly
- ▶ VideoWatch inside AQ Components Exact shop-floor film embedded by AQ Components Kodara
- ▶ VideoWatch Plast Anderstorp Official film of AQ's injection-moulding operation
Plants and geography
Specialised plants combine processes close to customer markets
AQ lists operating companies in 17 countries across four continents. Its wholly owned Chakan operation near Pune combines sheet metal, electrical cabinets and wiring at one site, with processes ranging from robot and friction-stir welding to harness cutting, crimping and high- and low-voltage testing. A 2019 anniversary film follows the group's wiring-system development and Lodz operation as historical context, not as a current footprint count.
- Map AQ's operating companies The current issuer directory across 17 countries and four continents
- Tour the combined India operation Sheet metal, cabinets and wiring at the wholly owned Chakan site
- Read the 25-year history From Aros Quality to acquisitions, greenfields and complete systems
- ▶ VideoWatch AQ Group at 25 Official historical film with wiring development and the Lodz plant
Operating model and strategy
Customer-owned IP becomes a repeatable industrial process
AQ states that customers retain the product intellectual property. The group then builds the industrial route through design, industrialisation, purchasing and logistics, serial production, assembly and testing. Specialised subsidiaries remain decentralised, while group purchasing and production near customers support regional supply chains. AQ is therefore the manufacturer behind a customer's train, crane or data-centre system, not the owner of the finished product brand.
- Understand the business model Components, systems and specialised operating subsidiaries
- Follow the value chain Engineering, sourcing, production, assembly and testing
- Read the 2025 annual report Pages 9-17 and 38: value stages, strategy, applications and customer-owned IP
- See how AQ describes the group Current history, acquisitions and decentralised development
Official profile sources: AQ Group Annual Report 2025 · About AQ Group
Current 2026 update
What has changed in 2026?
Q2 2026 · 14 July 2026
Q2 2026latest official update
4company-specific highlights
+8%2026 stock return · context only
Net sales
Q2 net sales increased 9.9% to SEK 2,577 million.
EBIT
Q2 EBIT increased 17.0% to SEK 255 million.
Profit
Q2 profit after tax increased 6.9% to SEK 202 million.
Operating cash flow
Q2 cash flow from operating activities fell 90.1% to SEK 23 million amid higher inventory and receivables.
Official 2026 sources: AQ Group Investor presentation Q2 2026 · 14 July 2026
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 83 | +33% | +70% | +228% |