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AQ Group AB: Business Overview, Financials & Competitive Analysis

AQ Group AB scores 7/10 on the AskCyborg Cyborg Score (Strong). Diversified industrial components and systems manufacturer with strong market positions in specialized segments, benefiting from automation and defense sector tailwinds. AQ Group has a trailing 12-month revenue of $923M with a market cap of $1.92B with 91.7M shares as of February 2026. The company demonstrates solid operational performance with.

What is AQ Group AB's industry? AQ Group AB (aqgroup.com) operates in Industrial Manufacturing - Electrical Components & Custom Systems. AskCyborg classifies AQ Group AB under Industrial Manufacturing - Electrical Components & Custom Systems in its company registry.

AQ Group is a global manufacturer of components and systems for industrial customers with high demands. The Group operates in two business segments: Components, which produces transformers, wiring systems, mechanical ...

7/ 10Strong

Cyborg Score thesis

Diversified industrial components and systems manufacturer with strong market positions in specialized segments, benefiting from...

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Industry Industrial Manufacturing - Electrical Components & Custom Systems
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
AQ Group AB OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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AQ Group AB Overview

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AQ Group is a global manufacturer of components and systems for industrial customers with high demands. The Group operates in two business segments: Components, which produces transformers, wiring systems, mechanical components, punched sheet metal and injection-moulded thermoplastics and System, which produces systems, power and automation solutions and assembles complete machines in close collaboration with customers in more than 50 countries. The company serves defense, aerospace, industrial automation, and energy sectors globally.

Strategic Profile

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AQ Group is a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholms main market since 2017. The Group consists of operating companies each of which develop their special skills, and in cooperation with other companies, strive to provide cost effective solutions in close cooperation with the customer. The decentralized operating model enables specialized expertise while maintaining integrated solutions delivery.

Competitive Landscape

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AQ Group competes in fragmented industrial components and systems manufacturing across multiple niches. Competitors include larger diversified industrials (Nexans, Mersen) and specialized component makers (Apator). AQ's competitive advantage lies in customization capabilities, technical expertise, and deep customer relationships in niche defense/aerospace segments where larger competitors lack agility.

Industry Context

AQ Group AB operates in Industrial Manufacturing - Electrical Components & Custom Systems.

Key facts

Founded: 1994 · Headquarters: Västerås, Sweden · Employees: 7,827 · Revenue: $923M · Market cap: $1.92B

What the analysts stress-tested

The top findings that survived the multi-agent debate for AQ Group AB.

  • Dual-segment model with Components generating majority of revenue, providing stability while Systems segment enables higher-margin custom solutions
  • Geographically diverse manufacturing footprint across Sweden, Eastern Europe, Asia, Americas and India mitigates regional cyclicality
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Stock price at 202.4 SEK (approximately $20.94), up from recent lows, signaling positive momentum
  • December 2025Trailing 12-month revenue reached $923M, maintaining growth trajectory despite macro headwinds
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Electrical Components & SystemsLarge-scale transformer and cable manufacturer→Industrial ComponentsCarbon and ceramic-based electrical products→Electrical EquipmentFlow meters and electrical measurement solutions→

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Industry context

AQ Group AB operates in Industrial Manufacturing - Electrical Components & Custom Systems. See how the rest of the sector scores on the Cyborg framework.

Browse Industrial Manufacturing - Electrical Components & Custom Systems research →
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Frequently asked questions

What does AQ Group AB do?+
AQ Group is a global manufacturer of components and systems for industrial customers with high demands. The Group operates in two business segments: Components, which produces transformers, wiring systems, mechanical ...
What is AQ Group AB's Cyborg Score?+
AQ Group AB has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are AQ Group AB's main competitors?+
Named competitors include Electrical Components & Systems, Industrial Components, Electrical Equipment. The full competitive landscape is in the AskCyborg report.
How can I get the full AQ Group AB research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the AQ Group AB research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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