HAKI Safety AB Company Profile

Background

HAKI Safety AB, formerly known as Midway Holding AB, is a Sweden-based industrial conglomerate specializing in safety products and solutions designed to ensure secure working conditions at temporary workplaces. The company offers a comprehensive range of products and services, including system scaffolds, work zone safety equipment, and digital solutions that enhance safety and efficiency across various industries such as infrastructure, energy, aviation, rail, construction, and civil engineering. With a heritage dating back to 1956, HAKI Safety has evolved into a global organization committed to innovation and the continuous improvement of safe access solutions.

Key Strategic Focus

HAKI Safety's strategic focus is centered on providing integrated safety solutions through three primary business areas:

Work Zone Safety: This segment offers products such as catchfans, barrier systems, fall protection, access platforms, and stairs, catering to the needs of workers in challenging environments.

Scaffolding Systems: This area focuses on system and frame scaffolding, weather protection, stair solutions, and bridge systems, emphasizing modularity and adaptability for complex projects.

Digital Solutions: This division provides surveying instruments and equipment for land surveying, construction laser level tools, bespoke platform solutions, training, and digital design and construction tools for planning and visualization.

By organizing operations into these categories, HAKI Safety aims to reduce complexity within the group and strategically focus on business development and profit generation.

Financials and Funding

As of 2024, HAKI Safety reported annual sales of approximately SEK 1.2 billion. The company's financial performance is distributed across its business areas as follows:

Work Zone Safety: SEK 429 million in sales with an EBITA margin of 11.4%.

Scaffolding Systems: SEK 462 million in sales with an EBITA margin of 5.4%.

Digital Solutions: SEK 101 million in sales with an EBITA margin of 14.9%.

The company has been listed on Nasdaq Stockholm Small Cap since 1989, reflecting its established presence in the market.

Pipeline Development

HAKI Safety has expanded its product offerings and geographical reach through strategic acquisitions:

Span Access Solutions (2019): A UK-based company offering customized solutions, including proprietary suspended platforms, enhancing safe and efficient operations in complex environments.

Vertemax (2021): Based in the UK with offices in Canada and Slovenia, this acquisition broadened HAKI Safety's product range with barrier systems, catchfans, stairways, and bridge systems.

Novakorp Systems (2022): A French company providing solutions for safe work at height, including barrier systems, catchfans, stairways, and spaghetti mats, complementing the group's presence in French-speaking Europe.

EKRO Bausystem (2022): An Austrian company expanding HAKI Safety's reach into German-speaking parts of Europe, offering products such as system scaffolds, lifts, and barrier systems.

Semmco Group (2024): This acquisition expanded the group's offerings into the aviation and rail sectors, supplying access platforms, steps, and docking systems primarily for international aviation and train companies.

Trimtec (2025): A Swedish distributor of Trimble’s precision equipment for cadastral surveying and mapping, broadening the group's geodesy offerings to the Swedish market.

These acquisitions have significantly enhanced HAKI Safety's product portfolio and market presence.

Technological Platform and Innovation

HAKI Safety distinguishes itself through its commitment to innovation and the development of proprietary technologies:

Modular Scaffolding Systems: Designed for quick assembly and adaptability, these systems provide safe access solutions in complex and demanding environments.

Digital Design Tools: The company offers digital solutions such as HAKI BIM and HAKI Configurator, facilitating efficient planning and visualization of projects.

Sustainability Initiatives: HAKI Safety integrates sustainability into its operations by using durable materials, promoting recycling, and sourcing from sustainable suppliers, aligning with the United Nations Sustainable Development Goals.

These innovations underscore the company's dedication to enhancing safety and efficiency in temporary workplaces.

Leadership Team

HAKI Safety's leadership team comprises experienced professionals dedicated to driving the company's strategic objectives:

Sverker Lindberg: Chief Executive Officer and President since 2016, leading the company's strategic direction and growth initiatives.

Tomas Hilmarsson: Chief Financial Officer, overseeing the company's financial operations and reporting.

Gary McCullough: President of Business Area Work Zone Safety, responsible for the development and profitability of this segment.

Thomas Schüller: President of Business Area Scaffolding Systems, focusing on enhancing the company's scaffolding solutions.

Joh Einar Solhaug: President of Business Area Digital Solutions, leading the company's digital and technical offerings.

Fia Lindgren: Chief Supply Chain Officer, managing the company's supply chain and logistics.

Karin Larsson: Chief Communications and Sustainability Officer, overseeing corporate communications and sustainability initiatives.

This team collectively drives HAKI Safety's mission to provide innovative and safe working solutions.

Leadership Changes

In May 2025, HAKI Safety introduced a decentralized group structure, establishing three business areas with full profit and loss responsibility:

Work Zone Safety: Led by Gary McCullough, focusing on products such as catchfans, barrier systems, and fall protection.

Scaffolding Systems: Led by Thomas Schüller, concentrating on system and frame scaffolding solutions.

Digital Solutions: Led by Joh Einar Solhaug, offering geodesy surveying instruments and equipment.

These changes aim to enhance strategic focus and profitability within each business area.

Competitor Profile

Market Insights and Dynamics

The safety solutions market for temporary workplaces is characterized by a fragmented landscape with numerous players offering specialized products. The market is experiencing growth due to increased emphasis on worker safety regulations and the need for efficient access solutions in complex environments.

Competitor Analysis

Key competitors in the industry include:

American Builders & Contractors Supply Co (ABC Supply): A U.S.-based company supplying interior building and roofing products, serving a broad customer base in the construction industry.

Aluplast: A company specializing in polyvinyl chloride (PVC-U) window profile systems, offering products that complement safety solutions in building construction.

Jindal Panther: An Indian retailer of steel products, providing materials essential for scaffolding and construction safety solutions.

Megaprofer: A company supplying construction materials and hardware products, catering to the safety needs of various construction projects.

These competitors offer a range of products that intersect with HAKI Safety's offerings, contributing to a competitive market environment.

Strategic Collaborations and Partnerships

HAKI Safety has strengthened its market position through strategic acquisitions and partnerships:

Span Access Solutions (2019): Enhanced the company's capabilities in providing customized suspended platform solutions.

Vertemax (2021): Expanded the product range with barrier systems and catchfans, broadening the company's safety solutions portfolio.

Novakorp Systems (2022): Increased geographical reach into French-speaking Europe with additional safety products.

EKRO Bausystem (2022): Extended the company's presence into German-speaking markets with system scaffolds and related products.

Semmco Group (2024): Diversified offerings into the aviation and rail sectors with specialized access platforms and docking systems.

Trimtec (2025): Broadened digital solutions with precision equipment for surveying and mapping.

These collaborations have been instrumental in enhancing HAKI Safety's product offerings and market reach.

Operational Insights

HAKI Safety's strategic considerations include:

Market Position: Leveraging a strong presence in

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