2026-06-24

HydX Ready for the Next Wave of Industrial Growth

Mikael Andersson and Mattias Salomonsson comments the first half of 2026

Mikael Mattias

"Investment Is Back on the Agenda"

For the past several years, manufacturers have had to navigate an increasingly unpredictable business landscape. Geopolitical tensions, supply chain disruptions and a prolonged economic downturn have reshaped the environment for OEMs and their suppliers alike.

The first half of this year, however, has marked a noticeable turning point. Companies are no longer delaying investment decisions. Instead, they are moving ahead with new development projects and investing in new technologies in order to strengthening their long-term competitiveness.

That momentum is clearly reflected at HydX. Customer activity is at a high level, development projects continue to increase, and demand is growing across several of the company's core markets. Growth is particularly strong in the mining, energy and defence sectors, where the need for robust technology and reliable delivery continues to rise.

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- The world remains uncertain, but our customers have learned to operate in that environment. Companies with long-term ambitions continue to invest, even when market conditions are challenging. That's exactly what we're seeing in our customer conversations. The focus has shifted from delaying decisions to developing the next generation of products and technologies.

Mikael Andersson

CEO of HydX and Business Unit President, Motion & Drives at Volito Industri.

As the market has changed, so have OEM expectations. Today, security of supply and long-term partnerships are just as important as technical performance. To meet those expectations, HydX has spent several years building strong relationships with world-leading component manufacturers whose development and production are primarily based in Europe and other NATO countries.

- Our customers want to reduce risk and know they have a partner they can rely on, even when market conditions change. That confidence is built on close collaboration with suppliers who share our commitment to quality, sustainability, long-term partnerships and continuous innovation.

Built for Growth Before Demand Returned

As demand continues to grow, HydX is well positioned to meet it. Over the past several years, the company has invested in production capacity, engineering expertise and operational excellence to support customers throughout the entire product lifecycle, from early development to serial production.

Since relocating to its new production facility in Ystad in late 2024, more than 100 customers and suppliers have visited HydX to experience the company's operations firsthand. For many visitors, the facility provides a clear demonstration of the company's ability to manage larger projects, higher production volumes and increasingly complex system deliveries.

Mattias Salomonsson HYDX 2

- Customers see a company that's ready to grow alongside them. We've expanded our capacity for larger production volumes while maintaining the flexibility that's essential in customer-specific development projects.

Mattias Salomonsson

COO at HydX

Those investments extend far beyond the production floor. This spring, HydX completed a comprehensive process mapping initiative, reviewing every step from the first customer interaction through to final delivery. The initiative lays the foundation for continued operational improvements and was further validated during this year's ISO audit, which was completed with zero remarks.

- For our customers, that means dependable deliveries, consistent quality and a partner with the capacity to support future growth.

With demand continuing to increase, HydX also plans to strengthen its organisation through several strategic recruitments during the second half of the year.

From Components to Complete System Solutions

As machines become increasingly sophisticated, OEMs are looking beyond individual components. Electrification, digitalisation and growing demands for efficiency are driving the need for fully integrated systems that deliver performance, reliability and long-term value. That shift has transformed HydX's role.

Today, the company is involved much earlier in the development process, combining hydraulics, electronics, control systems, software and connectivity into application-specific solutions tailored to each customer's requirements.

- By combining multiple technologies, we can develop solutions that improve machine performance while simplifying production. That creates far greater value than optimising a single component, says Mattias Salomonsson.

The trend is particularly evident in HydX's electronics business, where demand has grown significantly during the first half of the year, driven by several major orders from both Swedish and international customers.

By integrating electronics, control systems and connectivity, HydX develops complete system solutions where hardware and software work seamlessly together. For OEMs, this means improved machine performance, simplified service and diagnostics, increased uptime, and access to valuable operational data that supports continuous product development.

The company's valve block business is also experiencing strong growth. Following significant investments in production capacity, HydX is now able to support larger production volumes while maintaining the same high standards of quality and delivery performance. For many customers, the relationship begins with a customised valve block and gradually expands into complete solutions, integrating hydraulics, electronics and control systems into compact, application-specific solutions.

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Stronger Together Within Volito Industri

HydX is part of the Motion & Drives business unit within Volito Industri, alongside ETP, HydSupply Sweden and HydSupply Finland. Under the leadership of Mikael Andersson, the companies have strengthened their collaboration through shared expertise and closer cooperation, while each business remains entrepreneurial, agile and close to its customers.

During the first half of the year, Volito Industri launched VIND Academy, a group-wide initiative focused on leadership development and professional growth. The programme included an Operational Excellence training programme as well as the VIND Leadership Summit, where senior leaders from across the group gathered under the theme Profitable Growth in an Uncertain Business Landscape.

- As we grow together, we become a stronger partner for our customers. Electrification is a great example. Over the past few years, HydX and ETP have built a joint offering that combines hydraulics, electronics, control systems, electric drivetrains and battery technology into complete system solutions, says Mikael Andersson.

Ready for the Next Phase of Electrification

Electrification is entering a new phase as larger, more power-intensive machines make the shift to electric drivetrains. For OEMs, that brings new engineering challenges and an increasing need for partners with broad system expertise.

ETP's investment in high-voltage solutions further strengthens the joint offering from HydX and ETP, enabling the two companies to support customers throughout the entire electrification process, from early system design and component selection to fully integrated machine solutions.

For many OEMs, electrification represents one of the most significant technological shifts the industry has experienced in decades. With deep expertise in hydraulics, electronics, control systems, electric drivetrains and battery technology, HydX and ETP help customers transform technical complexity into practical, commercially viable solutions.

To share insights from real-world projects, HydX and ETP will launch Vägen mot Elektrifiering (The Electification Journey) after the summer, a webinar series for machine manufacturers preparing to electrify their products.

Together with industry experts and OEMs that have already completed the transition, the series will share practical insights, real-world experiences and proven approaches to system integration and electrification.

- We enter the second half of the year with confidence. We're seeing renewed optimism across the market, growing demand and a stronger offering than ever before. Together with our customers and partners, we look forward to continuing the development of the next generation of machines, concludes Mikael Andersson.

 

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Mikael Andersson 5

Mikael Andersson

Chief Executive Officer (CEO)

Mattias Salomonsson 2

Mattias Salomonsson

Chief Operating Officer (COO)

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