ScandiNova acquires majority share of IECO, adding
power amplifiers and precision power supplies toits product line
Uppsala, Sweden, 4 April 2023, ScandiNova Systems AB, a leading
provider of high-voltage pulsed power systems and magnets, today
announced the acquisition of majority share of International ElectricCompany (IECO). IECO is a well-recognized producer of power
amplifiers and precision power supplies for the global health care,scientific, and industrial markets. With this acquisition, ScandiNova
aims to broaden its product offering, add key technology andincrease knowledge and talent to meet future goals.
"IECO is a perfect match with ScandiNova in terms of offering highend solutions to the same customer segments. We expect to better
meet the increasing demand from customers for integrated systems
and comprehensive solutions, while also broadening our customer
base in new applications such as medical imaging systems" said
ScandiNova CEO Niklas Edling.
"I am very happy about this important milestone for our company
and the opportunities it presents for both ScandiNova and IECO. We
share a common vision of providing high-end solutions to ourcustomers, and I believe that this acquisition will enable us to achieve
our goals together." said Kimmo Alho, CEO at IECO.
In addition to expanding ScandiNova’s product line, the acquisition ofIECO also brings additional expertise in areas such as design andproduct development. Like ScandiNova, IECO has been at theforefront of technology and innovation for many years, focusing on
providing products with leading performance and reliability.
“I am excited to join forces with ScandiNova and see great potential
in combining our technologies to enhance our customer offerings. I
look forward to working closely with the talented team at ScandiNova

EXCELLENCE IN PULSED POWER
Scandinova Systems AB
Typsnittsgatan 15SE-75454 Uppsala, Sweden

E-MAIL info@scandinovasystems.com
PHONE + 46 18 480 59 00
FAX + 46 18 480 59 99

VAT no: SE 556616360501
Org no: 556616-3605
www.scandinovasystems.com

to drive innovation and create even more advanced solutions for ourcustomers." said Rauno Aaltonen, CTO at IECO.
Kimmo Ahlo and Rauno Aaltonen will continue in their operationalroles and as shareholders.
The acquisition of IECO is part of ScandiNova's long-term strategic
vision to expand its offer of critical subsystems for the medtech,scientific, and industrial markets. The company now has almost 200employees and is very positive about future development.
For more information, please contact:
Erik Sundström, Head of Communications, ScandiNova Systems AB,+46 70 395 33 95, erik.sundstrom@scandinovasystems.com
About IECO
IECO provides subsystems and precision instruments for the global
health care, scientific and industrial markets. Its products can befound in medical imaging and cancer treatment systems, scientificinstruments and various industrial uses, such as power generationand semicon. The company is based in Helsinki, Finland, and wasestablished in 1974.
https://www.ieco.fi/About ScandiNova
Thanks to its breakthrough technology, ScandiNova is a world leader
in the development and production of high-voltage pulsed powersystems and magnets for use in MedTech, Industrial and Scienceapplications. The company’s product range covers pulse modulators,generators, turnkey radio frequency (RF) systems, E-gun modulators,magnets and coils.

EXCELLENCE IN PULSED POWER
Scandinova Systems AB
Typsnittsgatan 15SE-75454 Uppsala, Sweden

E-MAIL info@scandinovasystems.com
PHONE + 46 18 480 59 00
FAX + 46 18 480 59 99

VAT no: SE 556616360501
Org no: 556616-3605
www.scandinovasystems.com

More than 95% of production is exported to clients in over 50
countries, mainly in Europe, Asia, and North America. ScandiNova
Systems AB was founded in 2001 by individuals with long commercial
and technical experience in pulsed-power applications. Thecompany, which has its head office in Uppsala, Sweden, subsidiaries
Scanditronix Magnet in Vislanda, Sweden and ScandiNova KK inJapan,has 160 employees plus sales representatives in key regions
around the world.
www.scandinovasystems.com

EXCELLENCE IN PULSED POWER
Scandinova Systems AB
Typsnittsgatan 15SE-75454 Uppsala, Sweden

E-MAIL info@scandinovasystems.com
PHONE + 46 18 480 59 00
FAX + 46 18 480 59 99

VAT no: SE 556616360501
Org no: 556616-3605
www.scandinovasystems.com