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

Scanreco strengthens its position as an international provider of technology for mobile machines through the acquisition of CrossControl, while Priveq becomes a minority shareholder of Scanreco as part of the transaction. The acquisition marks a strategic step in Scanreco’s development towards becoming a complete technology partner for interfaces, control systems, and software. The combined group comprises approximately 600 employees and generates annual revenue of around SEK 1.4 billion, of which approximately 98 percent comes from exports.

Through the acquisition of CrossControl, Scanreco expands its offering beyond industrial remote control to also include advanced display computers, machine control, and edge computing. The combined portfolio provides machine manufacturers with access to a more integrated and cohesive platform from a single supplier, tailored to increasingly connected, intelligent, and automated machines.

“At its core, this is about making our customers more competitive. Machine manufacturers face growing demands for safety, connectivity, intelligence, and usability, while development cycles continue to shorten. With a unified offering covering remote control, display computers, software, and user interfaces, we want to help our customers build better machines faster – and create more intuitive experiences for the operators who use them every day.” says Peter Lageson, CEO of Scanreco.

A central element of the offering is a modular, open, and scalable software platform that provides OEM customers with a shared development environment and a stable foundation for data‑driven and future‑proof solutions. By consolidating these capabilities within a single technology partner, integration complexity is reduced while enabling more consistent and brand‑specific operator experiences.

In connection with the transaction, Priveq becomes a minority shareholder in Scanreco, strengthening the company’s financial capacity and providing a solid platform for continued international growth. Scanreco’s founders, Kaj Johansson and Björn Askestig, remain majority shareholders and continue in their operational roles, ensuring continuity in leadership and long‑term strategic direction.

“We have followed Scanreco and CrossControl for a long time and see a clear industrial logic in bringing the two companies together. This is a strong example of entrepreneur‑driven Swedish engineering expertise with global reach, and through the acquisition CrossControl also returns to Swedish ownership. We look forward to supporting Kaj, Björn, and Peter in the next phase of growth.” says Henrik Jatko, Partner and Investment Manager at Priveq.

The market for mobile machines is undergoing a technological transformation, with an increasing share of value creation shifting from mechanics to electronics, software, and intelligent control systems. Through the acquisition, Scanreco strengthens its position to address these long‑term trends and enable more capable, productive, and future‑ready machines.