Scanreco acquires CrossControl in connection with Priveq becoming a shareholder of Scanreco
Scanreco, a global technology partner providing remote and onboard HMI and mobile machine and industrial vehicle control solutions, strengthens its position through the acquisition of CrossControl, while Priveq becomes a minority shareholder of Scanreco as part of the transaction.
The acquisition of CrossControl 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.
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.
Mannheimer Swartling advised the founders of Scanreco and Scanreco in relation to Priveq’s investment in the company. The firm further advised Scanreco in relation to the acquisition of CrossControl. Mannheimer Swartling’s team consisted of Emma Olnäs Fors, Mathilda Haglund, Azra Skorupan, Erik Hellberg, Nelly Sigurdson, Josefine Wålinder supported by colleagues from Corporate Commercial, Corporate Compliance and Risk, Corporate Taxation, Employment and Pensions, EU and Competition, International Trade, IT/Tech and Real Estate.
