ProvideU AB
CEO: Fredrik Forngren
ProvideU AB was founded in 2008 and is an industrial company that develops bespoke components and complete systems for B2B customers. A significant proportion of its customer base is found in growth sectors such as future energy storage, industrial robotics, IoT and automotive electronics.
The company has its head office in Västerås and production facilities in Tallinn and Västerås, as well as collaborations with Asian manufacturing partners.
ProvideU has 78 employees and generated sales of SEK 178 million in 2024. The Group and its subsidiary ProvideU Assembly OÜ were acquired during the first quarter of 2022, whilst the Västerås-based company ProvideU Electronics (formerly Elektronik Mekanik i Västerås AB), which manufactures and assembles printed circuit boards, was acquired and taken over during the third quarter of 2022.
Novedo is a good fit as we take the next step in scaling up ProvideU.