Industrial Technique

The Industrial Technique business area provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service through a global network. The business area innovates for sustainable productivity for customers in the automotive and general industries, maintenance and vehicle service.

Vision and strategy

The vision is to be First in Mind-First in Choice as a supplier of assembly and material removal solutions, quality assurance products, software, and services to customers in the motor vehicle and general industries. The strategy is to continue to grow the business profitably by building on the technological leadership and continuously offering products and services that improve customers' productivity, quality, safety and ergonomics. Important activities are to extend the product offering and to provide additional services, know-how and training. The business area is also increasing its presence in targeted geographical markets. The presence is enhanced by utilizing a brand portfolio strategy. The business area is actively looking at acquiring complementary businesses. Growth should be achieved in a way that is economically, environmentally and socially responsible.

Market overview

The motor vehicle industry, including subsuppliers, is a key customer segment representing more than half of Industrial Technique's revenues, and the applications served are primarily assembly operations. The motor vehicle industry has been at the forefront of demanding more accurate fastening tools that minimize errors in production and enable recording and traceability of operations. The business area has successfully developed advanced electric industrial tools and assembly systems that assist customers in achieving fastening according to their specifications and minimizing errors and interruptions in production. This also includes a wide offering of quality assurance and quality improvement solutions. With the increasing requirement of lower fuel consumption, the use of lighter materials, and electrical cars, the motor vehicle industry is looking to alternative assembly solutions. The market demands new assembly technologies such as dispensing equipment for adhesives and sealants as well as self-pierce riveting equipment and rivets to cater these needs.

In general industry, industrial tools are used in a number of applications, such as assembly, drilling and material removal. Customers are found in assembly operations in, e.g. electronics, aerospace, appliances, energy and off-road vehicles, in general industrial manufacturing, the energy sector, oil and gas, shipyards, foundries, and among machine tool builders. The equipment supplied includes assembly tools for a wide torque range, drills, percussive tools, grinders, and accessories. Air motors are supplied separately for different industries and applications. There is a growing demand for service, e.g. maintenance contracts and calibration services that improve customers' productivity.

Market trends

  • Higher requirements for quality, productivity, flexibility, ergonomics and decreased environmental impact
  • More advanced tools and systems and increased importance of service, know-how and training
  • Use of light-weight material in transportation-related industries
  • Increased demand for electric vehicles
  • Automation in customers’ production
  • Digitalization and demand for connectivity in production

Demand drivers

  • Industrial production
  • Capital expenditure into industrial production
  • Changes in manufacturing methods and higher requirements, e.g. quality assurance and traceability

Market position

A leading market position globally in most of its operations.
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