Nordic Companies in Portugal

Leading security services provider. One of the largest Swedish employers in Portugal.

Danish solar investment company. Operates the Ínsua solar park near Serpa in Alentejo — a 48.5 MWp facility and the company’s largest globally, generating enough electricity for 35,000 households.

World’s largest offshore wind developer. Evaluating Portugal’s 10 GW floating offshore wind programme as part of its European expansion, with Portuguese Atlantic waters offering some of Europe’s strongest wind resources.

Danish engineering, environmental, and economics consultancy. Provides infrastructure advisory and transport planning services across the Iberian Peninsula through its Southern European operations.

Danish catalysis and clean technology company. Supplies SOEC electrolyser technology for green hydrogen production, relevant to Portugal’s national hydrogen strategy and major projects at Sines including MadoquaPower2X.

Swedish industrial technology group specialising in sensor, software, and autonomous solutions. Provides geospatial and metrology systems to Portuguese manufacturing and infrastructure sectors.

Swedish electric scooter and micromobility company. Launched e-scooter sharing services in Lisbon and Porto, offering affordable urban transport at €1 unlock plus €0.15 per minute across both cities.

Norwegian recruitment agency specialising in Nordic-speaking talent. Operates a Lisbon office at Marquês de Pombal since 2022, connecting Nordic companies with multilingual professionals across Southern Europe.

Norwegian-backed AI cloud provider (Aker, NVIDIA). Deploying 12,600 NVIDIA GB300 GPUs at Start Campus in Sines as part of a $10B Microsoft deal. Valued at $14.6B (March 2026). Building Europe’s largest AI compute cluster in Portugal.

Swedish commercial vehicle and marine engine group. Exclusively distributed in Portugal by Nors since 1933, with Volvo Trucks, Buses, and Volvo Penta marine/industrial engines serviced through 8 workshops and a nationwide assistance network of 300 staff.

Swedish global network provider (formerly Telia Carrier). Operates one of the world’s best-connected IP backbones with 70,000+ km of fibre. Portugal’s 17 submarine cables (20 by 2026) make Lisbon a strategic interconnection point in Arelion’s European network.

One of Europe’s leading solar companies, founded in Stockholm in 2014. Has completed over 50,000 installations across six European markets including the Iberian Peninsula, offering residential and commercial solar solutions.

Norwegian premium bed and mattress maker founded in Svelvik in 1947, part of the Malmö-based Hilding Anders group. Sells in Portugal through two dedicated brand stores listed on its Portuguese site: Jensen Store Lisbon (Avenida João Crisóstomo 62A) and Jensen Store Algarve (Av. 5 de Outubro, loja 90, Almancil).

Swedish manufacturer of ventilation, heating and cooling products. Operates a Portuguese facility in Zona Industrial da Maia (Moreira da Maia), producing and distributing air handling units, fans and ventilation systems for the Iberian market.

Swedish manufacturer of products for mobile living — climate, power, cooking and refrigeration solutions for RVs, boats and outdoor use. Present in Portugal through “Dometic Spain S.L. – Sucursal em Portugal” based in Carcavelos near Lisbon.

Swedish global leader in energy-efficient climate solutions for industrial dehumidification, data centre cooling and agricultural climate control. Serves the Portuguese market through a dedicated local operations page, supporting food processing and industrial clients.

Danish power cable manufacturer. Operates a factory in Esposende (northern Portugal) through the June 2024 acquisition of SolidAl for an enterprise value of €192M (now NKT Cables Portugal), producing medium-voltage cables and accessories for European grid operators and renewable energy projects.

Norwegian global paints and performance coatings group. Present in Portugal as “Jotun Ibérica S.A. – Sucursal em Portugal”, supplying marine, protective, decorative and powder coatings to Portuguese shipyards, industrial clients and distributors from its Setubal-area base.

Swedish printed circuit board producer serving industrial electronics clients globally. Operates NCAB Group Portugal, headquartered in Tondela (Viseu district), offering local engineering and supply-chain support to Iberian electronics manufacturers.

Danish shipping and logistics operator. Runs DFDS Logistics Portugal, with a dedicated office in Maia (Porto metropolitan area), providing road freight, contract logistics and ferry-linked European distribution services to Portuguese industrial exporters.

Finnish strategy, design and engineering consultancy building digital products for global clients. Operates a Lisbon studio at Rua Mouzinho da Silveira 32, recruiting Portuguese designers and engineers to serve Nordic and European accounts.

Swedish wholesale distributor of refrigeration, air conditioning and heat pump products. Serves the Portuguese market through local subsidiary Lumelco, part of the Beijer Ref group, supplying commercial and industrial cooling solutions across Iberia.

Danish-Swedish legal and tax information group. Operates Karnov Portugal, providing legal databases, analytical tools and professional education to Portuguese law firms, in-house counsel and tax advisors.

Danish wind turbine manufacturer. Supplies turbines to multiple onshore Portuguese wind projects, including the 45 MW Saeta Penamacor wind farm and the 31.5 MW Hyperion Nortada project, and operates a service organisation supporting installed capacity across Iberia.

Swedish audiobook and e-book streaming service. Operates a dedicated Portuguese-language storefront at storytel.com/pt with thousands of titles in European Portuguese, serving as one of the largest audiobook libraries available to Portuguese readers.

Swedish live casino and online gaming technology supplier (parent of NetEnt and Red Tiger). Its content is distributed in the Portuguese regulated market via SRIJ-licensed operators including Betclic.pt and Solverde.pt.

Danish sports betting media group (owner of Action Network, HLTV.org and bettingexpert). Operates a Lisbon office hosting product, engineering and content teams that serve Better Collective’s European sports media brands.

Finnish flag carrier. Operates scheduled passenger service between Helsinki-Vantaa and Lisbon Humberto Delgado, complemented by seasonal Helsinki–Faro frequencies, providing the only direct Finland–Portugal air link.

Danish tech and consultancy firm specialising in process intelligence, AI-driven analytics and enterprise process improvement. Opened an Innovation Tech Hub in Porto in 2025 to develop data science and digital transformation solutions.

Danish anti-food-waste marketplace app active in Portugal since 2019. Over 2 million Portuguese users and 4,000+ partner establishments including restaurants, supermarkets and bakeries selling surplus food at a discount.

Swedish designer sock brand with manufacturing operations in Portugal and retail presence including a flagship store on Rua Garrett in Lisbon’s Chiado district and sales through El Corte Inglés.

Swedish-founded pharmaceutical group operating Ferring Portuguesa Produtos Farmacêuticos in Lisbon. Established a “centre of excellence” in Lisbon (2020) for global IT services and shared functions, expanding into customer order management, supply chain and information security roles.

Norwegian residential solar panel company listed on Oslo Stock Exchange. Operating as Otovo Unipessoal Lda in Portugal since August 2022. Achieved 1,000+ installations in first year; targeting 10,000 sales by 2025 across Portugal, Spain and France.

Finnish water treatment chemicals company supplying pulp & paper and water treatment chemicals to Portuguese industrial customers including Navigator Company and Altri mills.

Swedish network video surveillance leader (Lund HQ, part of Canon group). Runs Axis Academy Portugal (emea-comms.axis.com/academy-portugal) delivering certified training to Portuguese integrators, and covers Portugal via its Iberian sales organisation with regular Lisbon roadshows and partner events.

Finnish elevator and escalator leader operating as KONE Portugal, Lda (NIPC 502 573 460) with headquarters in Alfragide and regional offices in Porto and Funchal. Installs and services vertical transportation for Portuguese residential, commercial, and metro projects including Lisbon and Porto metros.

Swedish heavy truck and bus manufacturer operating as Scania Portugal SA (NIPC 500 241 770) with headquarters in Cabra Figa, Sintra, and a nationwide dealer and service network. Supplies heavy trucks, buses, and industrial engines to Portuguese hauliers, municipalities, and bus operators.

Swedish industrial equipment leader (Nasdaq Stockholm) operating as Alfa Laval (Portugal) Lda with a named country organisation based in Lisbon. Supplies heat exchangers, separators, and fluid handling equipment to Portuguese food, pharma, pulp, and marine customers including Navigator, Galp, and shipyards.

Danish global shipping leader (A.P. Moller - Maersk) calling weekly at the Port of Sines and Port of Leixões as part of its Asia-Europe and transatlantic services. Operates Maersk Portugal Lda with a named Lisbon country office delivering ocean freight, inland logistics, and warehousing services to Portuguese exporters and importers.

Swedish home appliance leader (Nasdaq Stockholm) operating as Electrolux Portugal SA with a named country organisation based in Oeiras/Lisbon. Distributes Electrolux, AEG, and Zanussi appliances across Portuguese retail chains, kitchen specialists, and professional channels.

Danish dredging contractor and subcontractor (Rohde Nielsen A/S) with a Portuguese branch in Porto since 2007. Executes marine dredging, coastal protection and land reclamation projects along the Portuguese coastline including port maintenance for Leixões and Sines.

Danish discount retail chain (Normal A/S) selling cosmetics, personal care, snacks, beverages and household products at low prices. Entered Portugal in 2022 through Normalas Portugal — Comércio de Produtos Cosméticos e de Higiene, Unipessoal Lda, with stores in the Lisbon metropolitan area and plans to expand across Portuguese cities.

Danish-founded Alentejo farm near Beja, started by Dorte and Karsten Larsen after they left Denmark in 1982. Farms 560 ha incl. 220 ha of olives; sells extra-virgin olive oil in Denmark (Salling, MENY) and baby beetroot to the UK.

Portuguese construction and public works company (SETH, S.A. Sociedade de Empreitadas e Trabalhos Hidráulicos) with Danish shareholder MTHøjgaard A/S. One of Portugal’s longest-standing Danish business links, operating from Queijas since 1933 and delivering civil engineering, hydraulic works and infrastructure projects across the country.

Portuguese subsidiary of Danish seafood group Sirena A/S (Naerum), trading internationally in fish products since 1992. Located in Carcavelos, handles sourcing, processing and export of Portuguese and international seafood products for European markets.

Bakery arm of Swedish-Danish agricultural cooperative Lantmännen. Operates Lantmännen Unibake Portugal SA, running a factory in Benavente (Santarém) that produces frozen pastries including the iconic Portuguese pastel de nata for European retail and foodservice customers across the Nordics and beyond.

Swedish fashion retailer (part of Stockmann Group) that entered Portugal in 2023 with its first Iberian flagship at Colombo shopping centre in Lisbon, followed by additional stores in 2024. Focus on women’s, children’s and lingerie collections with a sustainability-led positioning.

Swedish heating technology group (Nasdaq Stockholm listed) that acquired Portuguese biomass heating leader Solzaima (Águeda) in 2023, adding Iberian manufacturing capacity for wood and pellet stoves. Solzaima is now NIBE Industrier’s Portuguese production base for biomass climate solutions.

Swedish medical imaging IT company (Nasdaq Stockholm), listed on Euronext Lisbon in 2024 as part of its European expansion. Selected by Portuguese diagnostic imaging chain Unilabs for a multi-year enterprise imaging platform rollout across its national network of radiology centres.

Swedish office furniture manufacturer (family-owned, Kinnarp HQ) operating Kinnarps Portugal with a showroom and design studio in Lisbon. Serves Portuguese corporate clients, public sector and hospitality with Nordic workplace and interior solutions across Lisbon, Porto and the Algarve.

Swedish cancer-care technology leader (Nasdaq Stockholm). Installed at Hospital CUF Infante Santo in Lisbon — listed on Elekta’s global treatment-centre directory and operator of the centrogammaknife.pt Gamma Knife facility. Portuguese oncology networks run Versa HD and Infinity linacs.

Swedish lithium-ion battery energy storage specialist (Stockholm). Deployed 700+ Polarium batteries with LCPower Portugal to back up critical communications networks nationwide — one of the largest telecom battery deployments confirmed in Iberia.

Swedish children’s clothing brand (part of RNB Retail & Brands). Operates a dedicated Portuguese market through its polarnopyret.com storefront (listed on the brand’s official Markets directory), serving Portuguese families with its sustainability-led outerwear lines.

Swedish medical imaging hematology leader (Lund HQ, Nasdaq Stockholm). Operates a Portuguese-language market page at cellavision.com/pt-PT with a dedicated Portuguese market support manager, serving laboratory and hospital customers with digital cell morphology platforms.

Finnish welding equipment leader (Lahti HQ, family-owned since 1949). Its Portuguese and Iberian distribution runs through Electro Portugal, the Forte da Casa (Vila Franca de Xira)-based family distributor founded in 1948, with a branch in Maia and a subsidiary in Barcelona (Eurotrod Ibéria).

Swedish oat-milk pioneer (Malmö HQ, Nasdaq-listed). Oatly Original and Barista Edition are stocked at Continente, Portugal’s largest supermarket chain, giving the brand nationwide Portuguese shelf presence alongside its European expansion into HORECA and specialty coffee channels.

Global software platform for the spaces-for-living industry, built on the Norwegian heritage of Compusoft (Sarpsborg, 1989) and 2020 Technologies. Opened its European Operating Center in Lisbon in 2025, targeting 60 hires in year one and up to 300 by 2027 across implementation, customer success, marketing, sales, finance and HR.

Iceland’s flag carrier (Reykjavík). Operates year-round Keflavík – Lisbon service (roughly 7 weekly flights, 4h 20m) inaugurated in October 2024, and launches a new Reykjavík – Faro (Algarve) route on March 26, 2026.

Danish offshore wind developer (CIP-affiliated). Opened a Porto office to develop the Nortada 2 GW floating wind project off Figueira da Foz, the largest single offshore wind ambition currently in Portugal, with Copenhagen Infrastructure Partners committing to invest up to €8 billion in the country.

Nordic expanded-polystyrene group (Oslo Stock Exchange). Operates two production facilities in Portugal making EPS fish boxes for the Portuguese fish-farming industry, and established a dedicated Portuguese recycling company that closes the loop on the same EPS material — alongside its plants in Sweden, Czechia, Belgium and the Netherlands.

Finnish DC fast-charging specialist (Lahti HQ, Nasdaq Helsinki). Supplies its distributed Power-Unit-and-Satellite charging architecture to Portuguese charge-point operator Power Dot across Portugal and beyond, and is rolling out chargers at Repsol service stations in Portugal via local sales-and-service partner MIDES.

Finnish indoor-air specialist (Lahti family group). Serves the Portuguese commercial-kitchen and laboratory air-quality market through named distributor Totalair Sistemas Aeráulicos Unip. Lda., based at Parque Industrial Meramar VI in Amadora — covering supply, installation and service across Portugal.

Finnish premium-tyre maker (Nokia HQ, Nasdaq Helsinki). Goes to market in Portugal through a named multi-region dealer network including PNEUS 32 Lda (Porto de Mós), MIDAS Porto Marquês and MIDAS Z.I. Porto, GOCARMAT Lda (Oeiras), and Central Pneus Macedense Lda (Macedo de Cavaleiros).

Swedish real-estate fund manager (Stockholm HQ, Nasdaq Stockholm). The Catella European Residential (CER) Fund made its first Portuguese investment in January 2022, acquiring a c.€15.5M, 192-room student residence in Carcavelos (Cascais) operated by MILESTONE under management contract — a 10-minute walk from NOVA School of Business and Economics.

Swedish cash-handling and valuables-logistics group (Stockholm HQ, Nasdaq Stockholm; ~24,000 employees globally). Operates in Portugal through Loomis Portugal, S.A. at Rua Rodrigues Lobo 2, Edifício Securitas, Linda a Velha — providing cash-in-transit, ATM management and treasury services to Portuguese banks and retailers.

Marine-electronics service group founded in Denmark in 1927, part of Spain’s Grupo Arbulu since 2008 and now headquartered at Los Barrios (Palmones), Cádiz, with 31 offices in 11 countries. It opened its Lisbon office in 2010; the Portugal hub at Campo Grande 28, 5ºA, led by Regional Hub Manager Juan Magán, supplies, installs, surveys and repairs navigation and communication electronics for ships calling at Portuguese ports.

Norwegian-Swedish vehicle logistics and Ro-Ro shipping operator (Lysaker HQ; Oslo Börs listed; originated from a 50/50 venture between Wilh. Wilhelmsen and Wallenius Lines). Calls Portuguese ports including Setúbal as the named Portuguese node in its Iberian rotation, supporting finished-vehicle imports and exports through Portugal’s Atlantic deepwater terminals.

Norway-headquartered online classifieds group (Oslo HQ; spun out of Schibsted in 2019; taken private by Permira/Blackstone consortium in 2024). Long-standing partner in Portugal’s general classifieds platform CustoJusto.pt (founded 2008, with Adevinta retaining a partner stake alongside Portuguese capital).

Swedish tech house (Stockholm and Gothenburg, ~65 consultants) building cross-border tech & design teams. Opened a Portuguese subsidiary in Lisbon in 2025 as the first non-Nordic node in its international network — confirmed by membership of the Swedish-Portuguese Chamber of Commerce (CLS).

Swedish functional-beverage and sports-nutrition group (Stockholm HQ; brands include Vitamin Well, NOCCO, Barebells and NOBE; backed by Cinven). Runs a named Portuguese commercial team with an active Sales Representative for Centro de Portugal covering on-trade (HoReCa, gyms, restaurants) and modern off-trade retail across the country.

Swedish-origin pest-control group operating Anticimex Portugal Lda from Avenida Cáceres Monteiro 10, Algés (Lisbon metropolitan area). Active in Portugal since 2013 under Managing Director Paulo Coelho; today the largest provider of preventive pest-control in Portugal and a strategic partner of the Swedish-Portuguese Chamber of Commerce.

Swedish-listed credit management group (Intrum AB, Stockholm). 100% subsidiary Intrum Portugal, Unipessoal Lda — HQ at Alameda dos Oceanos 59, Edifício Espace, Parque das Nações (Lisbon), plus a Porto office. Active in Portugal since 1997; market leader in Portuguese credit management with 200+ employees.

Hearing-care retail brand of Danish-listed Demant A/S (Audika Group division). Operates the registered Portuguese entity Hidden Hearing (Portugal) — Comércio Auxiliares Auditivos, Unipessoal Lda in Lisbon, running a national network of audiology clinics serving Portuguese hearing-aid customers under Demant’s global retail platform.

Swedish-origin physical security and safe-storage group (Gothenburg origins; Business Units Entrance Control and Safe Storage). Operates the registered Portuguese entity Gunnebo Portugal, S.A. at Avenida Infante Dom Henrique, Lote 306/2, Lisbon — founded in 1977, with 50–99 employees, supplying alarms, video surveillance, ATM safes, vaults and entrance-control to Portuguese banks, retail and public-transport operators.

Swedish eye-tracking specialist (Stockholm HQ, Nasdaq Stockholm). Goes to market in Portugal through named in-country partners including Anditec — Tecnologias de Reabilitação (Tobii Dynavox PCEye distributor for accessibility & assistive tech) and SuperLab Portugal (Tobii eye-tracker integration for behavioural research labs), serving healthcare, education, research and gaming customers across the country.

Portuguese machine-vision and industrial-automation software house, acquired by Atlas Copco Group (Sweden) in March 2025. Now operating as part of Atlas Copco's Industrial Technique business area, the company brings Portuguese deep-tech engineering into a Swedish industrial parent — servicing automotive, electronics and assembly customers across Europe from its Portuguese R&D and engineering base.

Portuguese compressor distributor and service provider headquartered in Vila do Conde (Porto region), acquired by Atlas Copco Group in October 2024. Now part of Atlas Copco's Compressor Technique service network in Iberia, the company gives the Swedish industrial group a directly-owned channel into Portuguese northern industrial customers for compressed-air sales, parts and aftermarket service.

Norwegian seafood group (Bergen HQ) and one of the world’s largest farmed-salmon producers, with a directly-owned Portuguese subsidiary Lerøy Portugal Lda at the MARL fresh-produce terminal in São Julião do Tojal, Loures (+351 219 369 960). The Iberian arm distributes Lerøy salmon, white fish and processed seafood into Portuguese retail, HORECA and wholesale channels — one of the most explicit Norwegian aquaculture footprints inside Portugal.

The shopping-centre arm of Sweden’s Ingka Group (the largest IKEA franchisee), operating the MAR Shopping Algarve and MAR Shopping Matosinhos destinations alongside the adjacent IKEA stores. Registered in Portugal as Ingka Centres Portugal, S.A. (NIF 507161025) with its corporate office in Matosinhos — one of the largest Swedish-owned commercial real-estate platforms in Iberia.

Norwegian E&P affiliate of the BW Group, focused on natural gas and oil exploration and production. Operates a major Lisbon office in Lagoas Park, Oeiras — the company’s administrative and operational hub for a large share of its global team.

Space-systems group (formerly RUAG Space) headquartered in Gothenburg, Sweden, with a mechanical-systems division in Linköping. Opened a Digital & Innovation Hub in Lisbon (Entrecampos) in autumn 2023, scaling toward ~200 employees by 2025 — positioned to become one of the largest space-industry employers in Portugal.

Swedish women’s fashion chain operating in 30+ countries. Maintains physical stores in Portugal alongside e-commerce, with locations confirmed on the brand’s official store locator across mainland and the Algarve.

Vejen solar EPC and O&M contractor (Energi Innovation ApS, CVR 30080874), in Portugal since 2017. It works from Lisbon through ENIPT Construction, Unipessoal Lda (NIF 515428949, Avenida da República 44, 1050-194 Lisboa), wholly owned by Energi Innovation Holding A/S, and in 2023 was building the 210 MW Parque Solar Escalabis in Santarém and Cartaxo.

Copenhagen-based architecture firm. Lead architect on the 178,000 sqm Fuse Valley development in Leça do Balio (Matosinhos), anchored by the new Farfetch headquarters and developed by Castro Group. 24 buildings in total under construction.

Norwegian government-owned seafood marketing body. Operates a dedicated Lisbon office; country director Gudfinna Traustadottir took office on 1 August 2025. Portugal absorbed about one-third of Norway’s cod exports in 2023.

Greenlandic-Danish vertically integrated seafood group (cod, halibut, snow crab, cold-water shrimp). Operates a Portuguese sales and administration office at Rua Rodrigo Albuquerque e Melo, 27-5 Dt, 2795-173 Linda a Velha (Greater Lisbon), supporting one of Royal Greenland’s most important markets — Portuguese bacalhau processors and retailers.

Danish-rooted, Swiss-listed software innovation group (1,200+ employees, 70+ business units across 16 countries) specialising in Digital Health, FinTech, Smart Building, Cloud Operations, Cyber Protection and Smart Enterprise. Trifork Portugal operates as a named subsidiary (listed in the EU-Startups directory) supporting the group’s southern European delivery capacity.

Danish fashion brand owned by Bestseller A/S (Brande, Denmark). Announced a Portuguese store rollout targeting 10 stand-alone Vero Moda stores across Portugal by 2027 (per Portugal Resident), each ~250 sqm with Scandinavian-inspired design and creating roughly 80 new jobs. Complements Bestseller’s broader Iberian retail presence under the Jack & Jones and Only banners.

Finnish pet care retailer, the Nordic market leader (474 stores, 54 veterinary clinics across seven countries). Acquired Portuguese pet retail chain ZU on 16 December 2025 in a €12.9 million all-cash deal, instantly adding 65 retail stores in Portugal (24 with attached veterinary clinics). ZU continues to operate under its own brand. Musti is owned by Portuguese conglomerate Sonae Group — making the Portuguese chapter a particularly symbolic strategic move into the southern European pet care market.

Danish hearing aid manufacturer (founded 1956 in Lynge, near Copenhagen), since 2019 part of WS Audiology following its merger with Sivantos. Operates through Portuguese subsidiary Widex — Reabilitação Auditiva, Lda, supplying digital hearing aids, fitting solutions and after-sales support to Portuguese audiology clinics and the Widex Portugal Pro professional channel.

Norwegian video game developer and publisher (Oslo / Durham NC), Tencent-majority-owned since 2020. Operates Funcom ZPX, the Lisbon-based full-range development studio, after acquiring a majority stake in Portuguese game studio Zona Paradoxal (ZPX) in 2018. The Lisbon team numbers around 70 staff from 11 countries and works alongside Funcom Oslo, Funcom NC (USA) and Funcom Bucharest on the group’s live and unannounced titles.

Nordic specialist growth equity firm (Oslo/Stockholm/Copenhagen/Helsinki). Through its dedicated impact fund Verdane Idun, Verdane led a €25 million Series A in Lisbon-based Cleanwatts in 2022 and remained majority shareholder of the Portuguese energy-community climate-tech platform until February 2026, when Verdane exited to DWS at a valuation supported by Cleanwatts’ 70+ operating energy communities across Portugal. One of the largest Nordic single growth-equity tickets ever placed into the Portuguese clean-tech ecosystem.

Copenhagen-headquartered consumer-tech venture capital firm with offices in Berlin, Paris, Stockholm and a Lisbon presence. Portuguese portfolio includes Lovys, the Portuguese-founded digital insurance platform operating in France, Spain and Portugal. Heartcore was also an early backer of Kaia Health, the German digital MSK platform acquired by Porto-founded unicorn Sword Health in January 2026 for $285 million — a marquee corridor-bridging exit.

Finnish cargo and load-handling group headquartered in Helsinki, parent of Kalmar, Hiab and (until divestment to Triton in 2024) MacGregor. Named Portuguese customers include PSA Sines — the largest container terminal in Portugal — which deployed Kalmar semi-automation technology on its rubber-tyred gantry (RTG) cranes, and Liscont Operadores de Contentores at the Alcântara terminal in the Port of Lisbon, which received Kalmar E-ONE+ RTGs and follow-on Eco reachstacker/empty-container handler equipment via the Yilport Holding network.

Swedish wood-floor finishes, coatings, adhesives, cleaning and sanding equipment manufacturer headquartered in Malmö. Family-owned since 1919 with more than 700 employees, five factories globally and a presence in 90 countries through 17 international subsidiaries and a partner network. Portugal sits within Bona’s Spain/Portugal subsidiary structure inside the southern European cluster, supplying Portuguese flooring contractors, distributors and the professional refinishing channel.

Swedish manufacturer of low-speed platform lifts and accessibility solutions, headquartered in Gävle and majority-owned by IK Partners. Cibes Lift Ibérica SL — the group’s Iberian subsidiary based in Madrid — was specifically established to provide active partner support and direct sales to key customers in both Spain and Portugal, anchoring Cibes’ presence in the Portuguese low-rise residential, commercial and accessibility market.

Volvo Buses, the Volvo Group’s coach and city-bus division, has moved serial production of the new B13R UNVI XL full-size luxury coach to Portugal. Chassis are assembled at Volvo Buses’ Borås, Sweden plant — running on 100% renewable energy — and shipped to UNVI’s Porto facility for final body completion. The first completed B13R UNVI XL rolled off the Porto line at the end of Q1 2026, with weekly production scheduled from July 2026. The shift from UNVI’s original Ourense (Spain) site to Porto increases production capacity for the UK and Ireland markets — the most concrete Nordic-to-Portugal manufacturing relocation of 2026.

Asset-management arm of Nordea, the largest financial services group in the Nordic region. Nordea Asset Management opened its Portuguese hub in Oeiras in 2022, at Q31 — Casa da Quinta, Estrada de Paço de Arcos, n.º 85, 2770-131 Paço de Arcos, starting with 40 employees and a public target of reaching 100. The Portugal centre supports Nordea’s European and global business operations, with a long-term Lisbon-area commitment publicly stated by group leadership.

Norwegian-controlled bulk-liquid logistics and aquaculture group; Stolt Sea Farm is one of Europe’s largest land-based turbot and sole producers. The Portuguese arm operates recirculation farms at Tocha (Praia da Tocha), with construction of Tocha RAS II — a 440 tonne/year sole facility — underway with support from MAR2030 and Portugal 2030. The investment positions Portugal as a strategic land-based aquaculture node inside Stolt Sea Farm’s European production base alongside Spain and France.

Swedish business-intelligence and e-tendering group, backed by Stirling Square Capital Partners (majority) and TA Associates. Docu Nordic acquired VORTAL, the Portuguese e-tendering platform, from Vallis Capital Partners — consolidating Southern Europe’s leading public-procurement marketplace into the group. VORTAL operates from Lisbon and gives Docu Nordic an Iberian footprint covering Portugal’s Plataforma de Contratação Pública.

Danish B2B electricity provider and trader headquartered in Copenhagen. Named operational partner of Greenvolt Power (Portugal) for balancing and optimisation services at the Høegholm 157 MW solar-plus-storage hybrid park in eastern Denmark — combining 97.36 MW PV with a 55–60 MW BESS. Confirmed corridor partnership announced alongside Greenvolt’s €35M project finance with Ringkjøbing Landbobank.

Danish regional bank, listed on Nasdaq Copenhagen and one of the largest Jutland-headquartered lenders. In October 2025, the bank signed a €35 million project finance agreement with Greenvolt Power (Portugal) to fund the construction and operation of the Høegholm hybrid solar-plus-storage project in Denmark — among the most significant named Danish-Portuguese renewable-energy financing deals on record.

Copenhagen-based biotech and pharmaceutical technology company, founded in 2019 as a spin-out from the University of Copenhagen. Owns the Dispersome® drug-delivery platform and runs a joint venture announced in October 2024 with Portuguese CDMO Hovione (Loures): Hovione holds exclusive global rights to develop and offer Dispersome® for respiratory and nutraceutical applications, with Arla Foods Ingredients (Denmark) supplying the key excipient. A confirmed PT–DK pharma corridor partnership.

Stockholm-based Wallenberg-family investment vehicle — the cornerstone shareholder of Sweden’s industrial base via Investor AB and FAM. Lead investor in Stegra’s €1.4 billion 2026 financing consortium (with Temasek and IMAS), securing the Boden green-steel plant. Stegra has publicly named Sines (Portugal) as a next-site candidate after Boden, putting the Wallenberg-led consortium directly inside the Iberian green-steel narrative.

Danish RF testing and electronic-warfare payload specialist, founded 2017 and headquartered at the UAS Denmark Test Center in Odense as part of the Odense Robotics cluster. Owns the SpectraLoc passive RF detection payload — a signature-free radar geolocation system — which was successfully flight-integrated in March 2026 onboard Portuguese unicorn Tekever’s AR3 EVO tactical drone in Constância, Portugal. Both companies have confirmed continued joint testing and refinement of the integrated solution, the most concrete DK–PT defence-tech partnership of 2026.

Sweden’s largest forest-owners economic association (51,000 family forest-owner members), one of the world’s leading producers of dissolving and paper pulp. Co-developed the OnceMore® pulp — the world’s first industrial-scale process for recycling blended-textile waste — with Lenzing, and supplies it as the input fibre for Portuguese fabric manufacturer Riopele (Famalicão), which weaves the resulting TENCEL™ x REFIBRA™ lyocell into the Re:sourced Crepe fabric used by Swedish fashion house Filippa K. A live, named Swedish–Portuguese sustainable-textiles supply chain.

Finland’s third-largest charter tour operator (approximately 190,000 guests per year), part of Nordic Leisure Travel Group alongside Vingresor, Ving Norge and Spies. Operates a year-round Madeira programme as one of its named long-haul sun destinations, plus seasonal Algarve and Lisbon city-break product, with package and charter inventory sold through tjareborg.fi. Portugal sits inside Tjäreborg’s core Mediterranean sun portfolio.

Swedish family-owned specialty chemicals company (Stenkullen, near Gothenburg, founded 1973; ~220 employees worldwide) supplying antifoaming agents, brightness enhancers and microbiological control products to the global pulp and paper industry. BIM Portugal Lda operates a sales office in Coimbra at Rua Nova do Casal de Vagares Nº 38 (PO Box 4057, 3030-901 Coimbra), serving the Portuguese and Iberian pulp & paper sector with local technical assistance.

Portuguese ceramic-stove and biomass heating manufacturer in Aguada de Cima, Águeda (Aveiro district), with ~200 employees and a 20,000 m² plant. In July 2023, Sweden’s NIBE Industrier AB acquired 83% of Solzaima (remaining 17% to be acquired by 2028) and consolidated it from 1 September 2023 inside the NIBE Stoves business area, giving the Swedish climate-solutions group its first manufacturing foothold in southern Europe and a direct line into the Iberian pellet products market.

Norwegian-origin road safety and infrastructure solutions group (Lysaker, Norway HQ; formerly Nordic Capital-backed), operating across more than 20 European countries. Safe Road — Segurança Viária, S.A. was incorporated as the named Portuguese subsidiary on 6 June 2017, with offices in Lousada (Porto district). The Portuguese unit produces, commercialises, installs and services vertical and horizontal road signalling, safety barriers and gantries, plus railway safety products, serving Estradas de Portugal concessionaires and motorway operators across the Iberian network.

Finnish plumbing and indoor-climate systems group (Vantaa HQ). Operates a named Portuguese subsidiary Uponor Portugal — Sistemas para Fluidos, Lda, supplying multilayer pipe, underfloor heating and radiant cooling solutions to the Iberian construction market. Uponor’s multilayer drinking-water system was specified for the ALLO — Alcântara Lisbon Offices project on the Tagus riverfront, recognised at the Expresso/SIC Notícias Real Estate Awards.

Swedish/Danish-listed online fashion and lifestyle retailer (Hyllíe, Malmö HQ; Nasdaq Stockholm and Nasdaq Copenhagen). Ships directly to Portuguese consumers via boozt.com with PT-specific DHL delivery, 3-5 business-day transit and free shipping on orders over €69. The platform carries 1,400+ premium and contemporary fashion brands and reported around US$833M of boozt.com revenue in 2025, with Portugal part of its expanding Western European market.

Norske Skog is one of the world's leading producers of publication paper — newsprint and magazine paper — headquartered in Oslo and listed on Oslo Børs. The group operates four paper mills in Norway, France, Austria and Australia and serves the Iberian market from a Portuguese contact office at Prior Velho (Loures), greater Lisbon, with the managing director's address registered there.

Swedish branding and labelling group (Nilörngruppen AB, Borås; listed on Nasdaq First North). Operates a named Portuguese manufacturing subsidiary Nilorn Portugal — Indústria de Etiquetas, Lda at Recarei (Paredes), producing woven and printed labels, tags and packaging for the apparel and footwear brands clustered in Portugal’s northern textile region.

Swedish outdoor and transportation products group (Thule Group AB, Malmö; Nasdaq Stockholm) — maker of roof racks, bike and cargo carriers, child seats and bags. Serves the Portuguese market through a local sales entity (registered office in Amadora, greater Lisbon) and a national retail and specialist-dealer network, including El Corte Inglés Portugal.

Danish private-label manufacturer of technical, sport and performance socks. Relocated production to Vila Nova de Famalicão in Portugal’s textile heartland, where its plant (Comfysocks Portugal Unipessoal, Lda.) turns out an estimated 3–4 million pairs a year, partly powered by on-site solar.

Danish technology firm that builds and runs dedicated software-engineering teams for European clients. Operates a Lisbon hub on Avenida da Liberdade through INSCALE Portugal Unipessoal, Lda., open since 2018.

Danish-owned innovation consultancy helping companies secure EU and national R&D funding. Innovayt Portugal, Lda. has operated from Braga since 2008 and has added a second office in Porto.

Norwegian offshore-vessel owner and operator from Ulsteinvik. Its Lisbon entity, Island Offshore Portugal Lda, has run the group’s crewing function since 2012 and is one of just two locations the company lists worldwide.

Swedish global provider of industrial and export packaging, founded in 1949 and family-controlled. Manufactures in Portugal through Nefab RA — Produtos de Embalagem, S.A., with production sites in Maia and Lourosa.

Norwegian home-security group founded in 1995, one of Europe’s largest residential alarm providers with 600,000+ customers across eight countries. Operates in Portugal through Sector Alarm Portugal, Unipessoal Lda, with its Lisbon office at Parque Oriente.

Swedish parking-tech company founded in 2001, whose app is live across Portugal — Lisbon, the western zone of Porto, Loures, Sintra, Mafra, Tavira, Lagos and Chaves — integrating municipal street parking into one payment platform.

Lisbon game-development studio of Norwegian publisher Funcom (Oslo, founded 1993). Funcom acquired Lisbon’s Zona Paradoxal (ZPX) in 2019; the studio now counts roughly 70 developers from 11 countries working on titles such as Conan Exiles and Dune: Awakening.

Finnish retail-planning software company (Helsinki, founded 2005) whose supply-chain and demand-forecasting platform is used by grocers and retailers worldwide. Operates a Lisbon tech hub at Avenida António Augusto de Aguiar, open since autumn 2021.

Swedish nanoimprint lithography pioneer. Subsidiary Obducat Portugal runs an €18.5M foundry expansion backed by a €7.4M IAPMEI grant (Nov 2025); SEK 115M+ photonics foundry agreement signed May 2026.

Malmö-based climate-tech seed fund. Co-led the €3.2M seed of Lisbon battery-swap startup Pollen (May 2026) with Mustard Seed MAZE — its first disclosed Portuguese investment.

Norwegian digital-identity leader (eID, verification, e-signatures). Lisbon office; operating in Portugal since 2015; partners with Portuguese consultancies such as Link Consulting.

Finnish fishing-tackle world leader (Rapala lures, VMC hooks). Named Portuguese office at Tagus Village, Porto Salvo, under its Normark Spain & Portugal distribution organisation.

Swedish-rooted automotive textile group. Its Portuguese operation in Nelas runs a dedicated production line for baby car-seat fabrics and complete truck curtains, supplying interior-trim textiles to Volvo, Scania and the VW Group.

Danish collaborative-robot (cobot) pioneer from Odense, part of Teradyne. It serves the Portuguese market through its Universal Robots Iberia organisation and an authorised Portuguese distributor, Stockfer Robótica, deploying UR cobots across Portuguese manufacturing.

Stockholm footwear brand founded in 2016. It designs in Sweden but handmakes every Goodyear-welted shoe in northern Portugal, working with established artisan factories in the São João da Madeira / Felgueiras shoe belt.

Swedish floating offshore-wind developer (Stockholm) with patented TwinWind technology. Holds a Madeira-registered Portuguese company, Hexicon Portugal, Unipessoal Lda (NIF 516866451, 2022); its Las Palmas subsidiary, formerly Wunder Hexicon, develops offshore wind in Spain and Portugal.

Swedish customer-experience and outsourcing group (founded 1995, Stockholm). Transcom has operated in Portugal for around 20 years with roughly 520 staff, running contact-centre sites in Porto (Rua de Sá da Bandeira) and Vila Nova de Famalicão that serve Nordic- and English-language clients.

Finnish pharmaceutical company (Orion Corporation, Espoo, founded 1917). Its Portuguese affiliate operates as Orionfin, Unipessoal Lda (NIF 508907365), based on Avenida da República in Lisbon, marketing Orion’s human and veterinary medicines in Portugal.

Norwegian data-centre design-and-build group (CTS Nordics, HQ Oslo). In February 2025 CTS opened its European base in Lisbon (Parque das Nações), with around 50 staff and growing, to run engineering and construction across Europe. Through its NordicEPOD venture with Eaton it is also building a factory in Viana do Castelo for data-centre power modules, planned to employ about 500.

Portuguese extrusion business of Norwegian aluminium group Norsk Hydro — Hydro Aluminium Extrusion Portugal HAEP, S.A., formerly Sapa Profiles Avintes. The Avintes plant in Vila Nova de Gaia, founded in 1982 with 130+ employees, runs an extrusion press, a die shop and a recycling cast-house supplying extruded aluminium profiles to Iberian industry.

The manufacturing arm of Swedish furniture group IKEA (Inter IKEA Group), distinct from the retail business. Formerly Swedwood Portugal, IKEA Industry Portugal runs a large board-on-frame furniture factory in Paços de Ferreira — Portugal’s furniture capital — operating since 2008 with around 1,500 employees across roughly 470,000 m².

Solna-based Swedish-Finnish engineering group (ÅF, founded Malmö 1895, merged with Pöyry 2019; ~18,000 experts in ~40 countries) present in Portugal through AFRY Finland Oy – Sucursal em Portugal (NIF 980575494), a permanent representation at Rua Padre Américo 14-B, Lisbon, registered for industrial engineering consultancy (CAE 71120) and formerly the Pöyry branch.

Oslo-based short-sea RoRo car carrier (a Wallenius Lines / NYK joint venture). UECC runs a branch office in Setúbal — the export gateway for the Volkswagen Autoeuropa plant — handling finished-vehicle shipments between Iberia and Northern Europe.

Norwegian ITS and tolling specialist (Trondheim, listed on Oslo Børs). Through Q-Free Portugal it supplied the electronic tolling behind the Via Verde network — front-end ETC equipment, back office and some 3 million on-board units — and operates the back office for Ascendi’s Portuguese motorway tolling.

Danish medical-device maker producing infusion and blood-pressure-monitoring systems. Its plant in Odivelas, near Lisbon, is one of CODAN’s main European production sites — in Portugal since 1966 with around 500 employees.

Danish Nasdaq-listed IT consultancy (Aalborg) that entered Portugal in 2024 by acquiring Porto-based Pragmasoft, building a software development and testing centre of around 20 specialists focused on clean-energy and digitalisation work.

Helsinki-founded open-source cloud data platform company (managed Apache Kafka, PostgreSQL, OpenSearch and more). It runs a Lisbon office through its registered subsidiary Aiven Portugal, Unipessoal Lda, in the Amoreiras district.

Stockholm-headquartered cloud-ERP and supply-chain software vendor serving distribution, pharma and publishing. It runs Portuguese development and support operations from Matosinhos through its entity Iptor Portugal (formerly IBS Portugal).

Norwegian salt-fish specialist that cures cod at its own plants in northern Norway. Its Iberian arm, Northern Fish Iberia – Forsöl, Lda in Gafanha da Encarnação (Aveiro), has sorted, graded and custom-packed bacalhau for B2B clients since 2013.

Swedish MedTech group (advanced wound care, surgical solutions and gloves), headquartered in Gothenburg. It operates in Portugal as Mölnlycke Health Care — Comercialização de Produtos Hospitalares, Lda, with a registered Portuguese entity (offices in Matosinhos and Lisbon) and a named Portugal managing director, supplying Portuguese hospitals and the SNS.

Norwegian crop-nutrition and fertilizer multinational (Oslo), one of the world’s largest. It runs a dedicated Portuguese country organisation (yara.pt) based in the Lisbon area, supplying mineral fertilizers, crop-nutrition programmes and agronomy support to Portuguese farmers and the agri-food sector.

Finnish mining and aggregates technology group. Metso Portugal Lda, based in Amadora, supplies crushing, screening and minerals-processing equipment, parts and services; Metso was selected to provide key equipment for Almina’s copper-zinc concentrator at Aljustrel, in the Portuguese pyrite belt.

Premium fashion brand of Sweden’s H&M Group (“Collection of Style”). It operates a flagship Portuguese store on Lisbon’s Avenida da Liberdade — three floors, around 395 m² — bringing the label’s minimalist Scandinavian design to the Portuguese market.

Danish specialty-coffee brand that opened its first Lisbon café in Príncipe Real in 2015 and now runs a network of cafés across the city (Alcântara, Alfama, Baixa, Cais do Sodré, Santa Clara, Campo de Ourique), plus its own roastery.

Danish juice, coffee and sandwich chain founded in Copenhagen in 2002 with 500+ locations worldwide. Now operating in Lisbon, with a publicly flagged rollout targeting around 40 stores across Portugal.

Electrical-construction arm of Norway's CTS Group, based in Leiria. Builds the power and electrical systems inside data centres, employing 200+ people — part of CTS's fast-growing Portuguese data-centre platform.

Porto-based building-information-modelling and engineering specialist, majority-owned by Norway's CTS Nordics. Its ~100 engineers support data-centre design and construction across Europe.

Portuguese mechanical-lock manufacturer in Águeda, founded 1948 and now owned by Sweden's ASSA ABLOY. Its factory employs 140+ people producing locking hardware for European markets.

Swedish automotive-textile maker (seat fabrics for car interiors). Through Borgstena Textile Portugal, Unipessoal Lda it runs a weaving and finishing factory in Nelas (Viseu) employing around 187 people, with a 2024 board-approved expansion of roughly €10 million.

Danish hearing-aid maker, part of the Demant group. Oticon Portugal, Unipessoal Lda (registered 2018) is based at Quinta da Fonte in Paço de Arcos (Oeiras), importing and distributing Oticon hearing solutions to Portuguese audiology clinics and the public health service.

Danish pioneer in recycling composites and glass fibre (Bogø, founded 2010), European market leader in recycled chopped glass fibre. Through Ucomposites, Unipessoal Lda it has run a production plant in Trofa, near Porto, since January 2023 — a unit the company credits with a growing share of group revenue and profit.

Swedish-founded veterinary care group, part of Mars Veterinary Health since 2018. Operates a network of named veterinary hospitals across Portugal — including AniCura CHV Porto, Santa Marinha (Vila Nova de Gaia), Arco do Cego (Lisbon), Aveiro, Vasco da Gama and Algarve — several with 24/7 emergency care.

Swedish solar-as-a-service company (Stockholm, founded 2016, majority-owned by Niam Infra Fund) offering zero-upfront commercial solar PPAs. Operates a 60+ system, ~20 MW portfolio across Sweden, Spain and Portugal, where it has a local team and €10M+ invested per the Luso-Swedish Chamber of Commerce.

Danish digital and e-commerce consultancy headquartered in Copenhagen, operating in Portugal since 2017 with offices in Lisbon (Av. D. João II 43, Parque das Nações) and Évora. In March 2025 it announced plans to invest a further €10 million in the Portuguese operation, mainly in recruitment.

Swedish contract-catering and defence-food group acquiring 51% of Albisabores, the Castelo Branco producer of long-shelf-life components for military ready-to-eat meals, with an option on the remaining 49%. Closing expected end of August 2026.

Danish organic-cotton essentials brand. The entire collection is made in Portugal, anchored by the brand’s own factory in Barcelos — one of the most visible ‘Made in Portugal’ stories in Scandinavian fashion.

Danish shoe brand founded in 1904. Since 2020 its footwear is handmade at the company’s own factory in northern Portugal (~85 employees), with design retained in Copenhagen.

Copenhagen sustainable-basics brand. Portugal is its largest production country (~53% of final-stage manufacturing), via named partner factories Skins (Camarate) and Impetus (Apúlia).

Copenhagen fashion brand with a deep Portuguese supply base — named strategic suppliers include Braga knitwear maker Ramil (~65% of its capacity) and embroiderer Bordados Oliveira.

Finnish-founded leader in SAR satellite constellations. Established ICEYE Portugal in July 2026 with a Lisbon center of excellence for software, systems integration and AI, led by CEO Rui Costa. Portugal has acquired four ICEYE satellites — two already in orbit — for Atlantic maritime surveillance.

Helsinki knitwear and ready-to-wear brand founded in 2020 by Alexa Dagmar and Linda Juhola. Its published factory pages profile two Portuguese production partners — a Barcelos knitwear factory (~50 staff, founded 1997) and a woven-garments factory near Porto (~100 staff, founded 1981) — both four-year collaborations visited by the team in December 2025.

Stockholm menswear brand (ASKET AB, founded 2015) built on full supply-chain traceability. Its published factory pages name Portuguese facilities including t-shirt maker Cottonparadise in Várzea — ASKET’s first factory partner since 2015 — plus Portuguese jersey, fleece and dyeing facilities.

Gothenburg sneaker and ready-to-wear brand co-founded in 2014 by CEO Albin Johansson and creative director Max Svärdh. Its sneakers are handcrafted from premium Italian materials in small, family-run factories in the Porto area, as documented by the brand and trade press.

Stockholm luxury footwear label founded in 2014 by Adam Lewenhaupt. Leathers are sourced from Italian and Swedish tanneries and crafted into shoes at a Portuguese factory specialising in sneaker production, per the brand and retail partners such as Baltzar and Trunk Clothiers.

Copenhagen footwear and clothing brand founded in 2013 whose shoes are, by its own production statement, handmade in Portugal in leather and suede; registered at Pilestræde 40C, Copenhagen K, with own webshop, stores and a wholesale channel and collaborations with Storm, Pasteelo and MODO.

Wholly owned subsidiary of Orkla Food Ingredients (Orkla ASA, Norway) and one of the leading Portuguese producers and distributors of bakery and confectionery ingredients — bread and cake mixes, margarine, glazes, gels and fillings — serving 2,000+ direct customers. Acquired fruit-fillings maker Decorgel in September 2025.

Decorgel – Produtos Alimentares, S.A., a fruit fillings, custards and creams producer near Porto with 51 employees and €6M revenue (2024), selling into Portugal, France and Spain. 100% acquired on 16 September 2025 by Credin Portugal, part of Norway’s Orkla Food Ingredients.

Norwegian-founded (Bergen, 1997), Nordic Capital-owned real-time broadcast graphics group behind BBC, CNN, FOX and NASA broadcasts. Opened a Lisbon tech hub in October 2024 with 34 people (together with US subsidiary NDI), planning 30% growth; RTP, TVI and SportTV are clients via partner Ibertelco.

Stockholm-headquartered vertical-SaaS leader for construction and skilled trades (formerly HVD Group), majority-owned by EQT since 2024 with Adelis. Its Portuguese tech hub employs 50+ people building software for brands such as Hantverksdata and Craftnote.

Porto-area compressed-air distributor and service house (Valongo) that became part of Sweden’s Atlas Copco Group on 2 July 2026, with 9 employees joining the group’s Compressor Technique service division. LusoAr supplies air compressors, air treatment and compressed-air installations to large and mid-size industry in northern Portugal.

Braga-based subsidiary of Drillcon AB (Nasdaq First North, Nora, Sweden), performing raise boring and core drilling across Iberia. Holds a renewed raise-boring contract at Boliden’s Neves-Corvo mine worth SEK 90–100 million, running to February 2027.

Swedish studio building immersive brand experiences on Roblox and Fortnite for IKEA, Amazon and Netflix. Its Lisbon studio (est. 2022, ~20 staff, €9.5M turnover) has shipped 100+ games and won a Cannes Lion for IKEA “The Co-Worker”.

Portugal’s vehicle-glass repair and replacement network — ~90 workshops and ~200 staff — owned by Gothenburg’s Cary Group since April 2022 (acquisition of GlassCo S.A.), since expanded via Newcar and further workshop deals plus the SafeDrive ADAS-calibration arm.

Malmö-based provider (founded 2008) of a leading macroeconomic and financial data platform. Runs a Lisbon office at Praça Marquês de Pombal; Portuguese entity Macrobond Unipessoal Lda per the Swedish Embassy/CLS 2026 investment catalogue.

Ängelholm family shoe brand with 40+ years in the industry and one of Scandinavia’s best-selling footwear names. All shoes handcrafted in Portugal since 1983 in chrome-free vegetable-tanned leather; Portuguese entity Ten Points Unipessoal Lda.

Swedish luxury bed maker founded in 1852. Its official store network lists three Portuguese locations — Lisbon (Rua de São Bernardo), Porto and Cascais.

Swedish transport and logistics group from Gothenburg with Portuguese offices in Lisbon and at the Porto airport cargo complex in Maia.

Stockholm-listed free-to-play games group with a portfolio of studios worldwide. Registered Portuguese entity Stillfront Portugal, Unipessoal, Lda, listed in the Swedish Embassy/CLS catalogue of Swedish investments in Portugal.

Lund-based, Nasdaq Stockholm-listed specialty pharma company built on long-acting drug delivery. Registered Portuguese entity Camurus, Unipessoal, Lda, per the Swedish Embassy/CLS investment catalogue.

Fagersta metal-cutting specialist within the Sandvik group, serving Portugal’s moulds and metalworking cluster through Seco Tools Portugal - Ferramentas de Corte, Lda.

Swedish commercial-fishing gear and foul-weather apparel brand from Grundsund with a registered Portuguese entity, Grundéns Portugal, Lda, per the Swedish Embassy/CLS investment catalogue.

Swedish trampoline-park group (first park Stockholm 2017) that picked Greater Lisbon for its first Iberian site — JumpYard Lisboa in Alfragide — operated by JumpYard Portugal, Sociedade Unipessoal, Lda.

Stockholm tailoring house whose published tier-1 supplier list names Portuguese factories including Twintex (Fundão outerwear, 400+ staff), sock maker A.J. Gonçalves in Braga and footwear producers Martiape and Rodiro.

Swedish-rooted outdoor group behind Fjällräven whose published tier-1 supplier list names Portuguese factories Fortiustex (Leça do Balio), J. Caetano & Filhas (Penafiel), Olímpio Miranda, Pafil and Vestelogios.

Swedish fashion house that developed its Re:sourced Crepe fabric with Famalicão textile group Riopele, weaving Södra’s OnceMore recycled fibre — a named Portuguese supplier relationship documented by Södra and Lenzing.

Swedish flame-retardant workwear specialist founded 1934, family-controlled since 1942. Operates in Portugal through TWW — Tranemo Workwear, Lda, per the Luso-Swedish Chamber catalogue; the group lists Portugal among its subsidiary markets.

Family-owned Borås group established 1951 — labels, tags, trims and packaging for the European fashion industry. Portuguese entity Rudholm Portugal, Unipessoal Lda per the Luso-Swedish Chamber catalogue.

ERP, accounting and CRM developer founded in Sweden in 1988; Standard ERP serves 550,000+ companies in 120+ countries. Local entity HansaWorld Portugal — Sistemas Informáticos, Unipessoal Lda.

Stockholm-based, Nasdaq-listed onshore wave-energy developer. Holds a 2020 concession with port authority APDL for up to 20 MW; first 1 MW station at Porto’s Barra do Douro breakwater, execution plan filed January 2026, grid connection targeted 2026.

Swedish estate-agency chain founded 1980, ~110 offices across Sweden, Spain and Portugal. Portuguese brokerage run through Essenceprime Real Estate Lda — ~19 staff covering Greater Lisbon and the Algarve.

Thermal document-binding brand of Swedish Bindomatic AB (registered 1973). Its European logistics and manufacturing centre is in Leiria, run by Bindomatic Portugal — Produtos de Escritório, Unipessoal, Lda (NIF 502402890, incorporated 1990).

Swedish maker of complete processing and packing lines for potatoes, vegetables and fruit, with roots back to 1916. Registered in Portugal through a branch, EMVE Sweden AB — Sucursal em Portugal.

Stockholm-based, AI-powered cross-border B2B used-car trading platform founded in 2019, active across some 23 European markets. Operates locally through Cars2Click Portugal, Unipessoal, Lda.

Stockholm-based sustainable oral-care and personal-care brand founded by a dentist, best known for its bamboo toothbrushes sold in pharmacies and retailers worldwide. Present in Portugal through Fancystage, Unipessoal, Lda.

Gothenburg-based system integrator behind Infracontrol Online, a cloud platform for monitoring and managing city infrastructure — technical systems, IoT sensors, issue reports and work orders. Portuguese entity: ICP — Infraestruturas Control Portugal, Unipessoal, Lda.

Sandviken-based manufacturer of advanced stainless steels, special alloys and titanium products for demanding industries, spun off from Sandvik and listed on Nasdaq Stockholm in 2022. Present in Portugal through Alleima Portugal, Unipessoal, Lda.

Stockholm-headquartered debt purchaser and manager listed on Nasdaq Stockholm, specialised in acquiring and servicing non-performing loan portfolios from European banks. Operates in Portugal through Lisbon-based Hofin Portugal, Unipessoal, Lda.

Stockholm-based fluid-handling specialist of the Axel Johnson group, distributing positive-displacement pumps and process equipment to industry across Europe. Portuguese entity: AxFlow — Comércio de Equipamentos Industriais, Lda.

Gothenburg-based molecular-diagnostics company developing liquid-biopsy tests for early cancer detection based on glycosaminoglycan (GAG) biomarkers. Registered in Portugal as Elypta AB — Sucursal em Portugal.

Swedish-founded self-storage operator running modern, secure storage facilities in the Algarve for residents and businesses. Portuguese entity: Securum Self Storage, Lda.

Danish brewing group holding a majority economic interest in Super Bock Group: 44% directly plus 28.5% of Viacer, the holding that controls the Leça do Balio-based brewer — about 60% combined ownership of Portugal’s largest beer exporter.

Nasdaq Stockholm-listed digital writing technology group from Lund whose dot-pattern digital pen platform is licensed worldwide. Portuguese entity: Anoto Portugal, Unipessoal, Lda.

Stockholm-headquartered reverse-vending-machine maker — the world’s second-largest RVM supplier — with a Portuguese subsidiary (rvmsystems.pt) as Portugal builds out its deposit-return scheme. Portuguese entity: BRCM - Beverage Container Recycling Machines, Unipessoal, Lda.

Malmö-based supplements group (Nasdaq First North: NNH) founded in 1990, selling herbal supplements and beauty products through pharmacies and health stores across Europe. Portuguese entity: New Nordic Portugal, Sociedade Unipessoal, Lda.

Copenhagen sports and outdoor apparel brand. Its running and merino hiking socks are produced by Portuguese factories — production the brand documents on its own product pages.

Copenhagen homeware label founded in 2017. Its terry towels are crafted in Portugal and its bathrobe line is made by skilled workers in Braga and Guimarães.

Stockholm premium underwear and loungewear brand founded in 2016. Designs in Stockholm and produces in Portugal with a family-owned, third-generation factory, favouring lyocell over conventional cotton.

Copenhagen menswear label. Most of its range — knitwear, T-shirts and the organic-cotton Standard line — is produced in Portugal, detailed in the brand’s own ‘Behind the Fabric: Portugal’ series.

Stockholm footwear and fashion brand founded in 2013. Its signature chunky-sole sneakers, including the Ace line, are handmade in Portugal.

Copenhagen-headquartered global freight forwarder. Entered Portugal by acquiring Porto forwarder Freight & Logistics Solutions (FLS) and runs named offices in Matosinhos (Porto) and Lisbon covering air, sea, road and project cargo.

Danish renewables developer (Hobro, 2006) with a Porto subsidiary, Eurowind Energy Lda, that hosts the group’s Solar Competence Center. Bought eleven 5 MW AC solar projects in the Aveiro district (up to 55 MW AC): Avanca (15 MW AC) and Esgueira (5 MW AC) closed and entered construction in July 2025, Vale da Missa 10 MW AC in Borba closed in August 2025 and the 5 MW AC Enxara do Bispo plant was energised. Portuguese fleet: 50+ MWp operating, ~50 MWp in construction, 1.5 GW+ pipeline.

Esbjerg-based Danish transport group (founded 1972), in Portugal for over a decade via Blue Water Shipping Unipessoal Lda — an IATA-certified Lisbon office (Av. D. João II 50) and an office at Leixões port, spanning sea and air freight, cruise logistics and project cargo.

Stockholm fashion house founded in 2005 by Jockum Hallin, Cristopher Nying and Richardos Klarén. The brand’s own FAQ states that almost all of its products are made in Portugal, with the full range manufactured in Europe; it is a member of the Scandinavian Textile Initiative for Climate Action.

Oslo sneaker brand founded by Martin Evensen, a fourth-generation shoemaker. Its natural- and recycled-material sneakers are handcrafted in Felgueiras, Portugal, and developed in Oslo, per the brand’s own product pages, in a factory it says runs partly on rooftop solar.

Gothenburg shoe brand founded in 2007 with what it calls a focus on high quality and sustainable production in Portugal. Its sneakers, boots and classic men’s styles are made in Felgueiras — “designed in Sweden, crafted in Portugal”, in the brand’s own words.

Stockholm outdoor-apparel brand making technical clothing since 1993. Its published Fall/Winter 2023 producer list named two Portuguese garment makers — J. Caetano & Filhas (Paredes) and Olmac (Olímpio Miranda, Lda) — alongside producers mainly in Estonia, Latvia, Lithuania and Poland.

Stockholm-listed life-science group (about 85 subsidiaries, 2,300 employees, net sales above SEK 10 billion) that acquired Unicam Sistemas Analíticos Lda on 8 September 2026 — Thermo Scientific’s Portuguese representative for chromatography, spectrometry and microwave-digestion equipment, with about €10 million in revenue and 20 employees. Unicam keeps its brand and joins AddLife’s Labtech business area.

Stockholm clothing label founded in 2014 by Marcus Gårdö, Pelle Lundquist and Stefan Pagréus. The brand’s own About page states that more than 70% of its clothes are produced in Portugal with local fabrics and materials, in family-owned textile factories north of Porto.

Gothenburg denim brand founded in 2001 by Maria Erixon and Joakim Levin (parent Svenska Jeans Holding AB). Its public production guide traces products supplier by supplier: the sock line is made in Portugal by Fiorima S.A. in Braga, with yarn from Trifitrofa in Trofa, and shipped by road from Portugal to the brand’s Swedish warehouse.

Gothenburg-headquartered IT and digital-services group with 2,500 experts in 16 countries, 80% owned by the Danir Group and known as Sigma IT from 1986 to 2021 (CEO Martin am Zoll since 2025). Its Portuguese operation runs from Rua Professor Alfredo de Sousa 6, 1600-796 Lisboa, offering Microsoft Dynamics 365, electronic invoicing, data insights and cloud services; a corporate member of the Swedish-Portuguese Chamber of Commerce.

Norwegian-owned Dão wine estate: former fashion designer Roar Aune (ex-Helly Hansen) and his German wife Petra Lohmann bought Quinta das Mercês in 2011 and farm 3.5 ha of Jaen, Alfrocheiro, Touriga Nacional and Encruzado, foot-trodden and minimal-intervention, mentored by oenology professor Virgílio Loureiro. Seven Aune Lohmann wines are in Vinmonopolet’s Bestillingsutvalget via Wicked Brands AS (e.g. Jaen 2019, art. 11246801, NOK 189.90).

Danish family-owned provider of analytical instruments and software for the food and agricultural industries (dairy, grain, meat, wine and feed testing), founded in Hillerød in 1956 by Nils Foss; the group reported DKK 2.73 billion of revenue and about 1,750 employees, with Peter Foss as chairman and Christian Rosenkrantz de Lasson as CEO since March 2026. In Portugal it operates through FOSS Iberia S.A., Sucursal em Portugal (NIF 980445957), a permanent representation registered at Rua Julieta Ferrão 12, Loja 102, 2605-201 Belas (Sintra), for the sale, distribution and service of its analysers.

Danish medical-technology company founded in Copenhagen in 1935 by Børge Aagaard Nielsen and Carl Schrøder, a maker of blood-gas analysers, samplers and related IT systems and a subsidiary of Danaher since 2004; Radiometer Medical ApS (CVR 27509185) is based at Åkandevej 21, Brønshøj, with about 1,300 employees in Denmark. Its Portuguese permanent representation, Radiometer Ibérica S.L. (NIF 980201667, formerly Radiometer Ibérica S.A.), is registered at Avenida do Forte 3, Edifício Suécia III, 2794-044 Carnaxide (Oeiras) for the import, sale, distribution and technical support of its instruments; radiometer.com routes Portuguese customers to radiometer.pt.

Norwegian cloud-communications (CPaaS) group headquartered at Gullhaug Torg 5, Oslo (LINK Mobility Group Holding ASA, org. no. 920901336), founded in 2001 as Zapdance and renamed LINK Mobility in 2007, providing SMS, RCS, voice and e-mail messaging APIs from offices in 18 countries; it reported NOK 3.5 billion of revenue and about 700 employees in 2020. Its Portuguese subsidiary, LINK Mobility Portugal, Unipessoal Lda (NIF 513687106), is registered at Avenida Afonso Henriques 1462, Olympus II, 3º, Sala 6, 4450-013 Matosinhos, as an IT-consultancy company with €5,000 share capital.

Danish online wine marketplace and app founded in Copenhagen in 2010 by Heini Zachariassen and Theis Søndergaard, downloaded more than 60 million times, with a database of over 15 million wines; Vivino ApS (CVR 32081193) is registered at Njalsgade 21G, Copenhagen S, with 98 employees in Denmark. Its Portuguese subsidiary, Vivino Portugal, Unipessoal Lda (NIF 514023341), was incorporated on 16 June 2016 and is registered at Campo Grande 137, 1º Dtº, Sala 1, 1700-089 Lisboa, for the online sale and distribution of alcoholic beverages through its website and app (CAE 46341, 62010, 62090), with €5,000 share capital.

Danish mining-technology group founded in Copenhagen on 2 January 1882 by Frederik Læssøe Smidth, listed on Nasdaq Copenhagen (C25 index) and led by CEO Toni Laaksonen; it supplies equipment and services for copper, gold, nickel, zinc and lithium mining and for cement production, with almost 11,000 employees and offices in more than 60 countries. In Portugal it is registered as FLSmidth A/S, Sucursal em Portugal (NIF 980757983), a permanent representation at Beloura Office Park, Ed. 7, 1º Piso, Escritório 1.3, Quinta da Beloura, 2710-444 Sintra, with a mining-support-services activity code (CAE 9900).

Copenhagen-area maker of cigars and pipe tobacco (Scandinavian Tobacco Group A/S, CVR 31080185, Sandtoften 9, 2820 Gentofte; Nasdaq Copenhagen: STG), with roots in the 1961 Skandinavisk Tobakskompagni and its 2010 combination with Swedish Match’s cigar business; the group reports about 11,500 employees worldwide and DKK 9.2 billion of 2024 revenue. In Portugal it trades through Scandinavian Tobacco Group SA – Sucursal em Portugal (NIF 980415128), a branch with €2,000,000 of allocated capital registered at Parque Suécia, Edifício Suécia IV, Sala 0.3, 2794-038 Carnaxide, under CAE 47260 (tobacco products).

Norwegian maker of medium-speed diesel and gas engines (1.4–12 MW) for ships and power plants, based at Hordvikneset outside Bergen (Bergen Engines AS, org. 997016238, 770 employees), with roots in Bergens Mekaniske Verksted of 1855; owned by Rolls-Royce from 1999 until Norway blocked its sale to Russia’s TMH in March 2021, and by the UK’s Langley Holdings since 31 December 2021. Its Iberian subsidiary Bergen Engines Ibérica S.L. keeps a registered Lisbon branch (NIF 980460212) at Av. António Augusto de Aguiar 19, 4º, Sala B, 1050-012 Lisboa (CAE 33190, equipment repair), and the company names a sales manager and a service operations manager for Spain and Portugal.

Varberg footwear brand founded in the early 1970s by Mats Nilsson and Marie Nilsson Peterzén, producing about 1.3 million pairs of shoes and accessories a year with a design studio and prototype workshop at its Swedish head office; 186 employees and SEK 806 million of revenue in 2024, with own stores in Stockholm, Gothenburg, Berlin and Helsinki. In Portugal, Vagabond Global AB holds a registered permanent representation (NIF 980732778) at Rua Professor Bento de Jesus Caraça 248, Sala 1, 4200-128 Porto, filed under CAE 15201 (footwear manufacture) — a product office in the northern shoe cluster where the founders learned the trade in the 1980s.

Gothenburg-based brand group listed on Nasdaq Stockholm (New Wave Group AB, org. 556350-0916; established in 1991 by Torsten Jansson, still chief executive and controlling shareholder) whose brands in corporate wear, sports, gifts and home include Craft, Clique, Cutter & Buck, Harvest, Printer, Projob, Tenson, Orrefors and Kosta Boda. Its Iberian subsidiary New Wave Sportswear S.A. (Sant Quirze del Vallès, Barcelona), the official distributor of Clique, Craft, Harvest, Printer, Projob and Tenson in Spain, Portugal and Andorra, keeps a registered Portuguese branch, New Wave Sportswear S.A. – Sucursal em Portugal (NIF 980788722), at Av. Duque de Loulé 22, 5º, 1050-090 Lisboa, under CAE 46422 (wholesale of clothing).

Danish vaccine company listed on Nasdaq Copenhagen (Bavarian Nordic A/S, CVR 16271187, Philip Heymans Allé 3, 2900 Hellerup; founded 1992; 1,085 employees in the Danish register), best known for its smallpox and mpox vaccine and for the travel vaccines Rabipur and Encepur. It keeps a Portuguese subsidiary, Bavarian Nordic Portugal, Lda (NIF 514766760), at Rua Abranches Ferrão 10, 8º E, 1600-001 Lisboa, with accounts filed for 2018–2024, and is one of six suppliers awarded in the Madeira health service’s 2024 national-vaccination-programme procurement (SESARAM, procedure BEAD20240009, €1,175,588 in total; TED award notice 740934-2024 of 4 December 2024).

Larvik maker of radio, distress-beacon and air-traffic-control communication equipment (Jotron AS, org. 917713324, Ringdalskogen 8, 3270 Larvik; founded 1967; 223 employees in the Norwegian register). In June 2026 it won NAV Portugal’s public tender 951/DEP/2025 to supply and install the audio, video and surveillance-data recording and replay system for the Santa Maria flight information region, the Azores-based oceanic control area, for €1,404,659.65 (TED award notice 384640-2026 of 4 June 2026).

Stockholm maker of biometric capture stations for passports, identity cards and border control (Speed Identity AB, Slakthusgatan 9, Johanneshov). In July 2024 it was awarded the Portuguese government’s contract for the acquisition, installation, technical assistance and maintenance of biometric data-capture equipment at manual border-control posts under the EU Smart Borders (Entry/Exit System) project, worth €2,424,000, with the Secretaria-Geral da Presidência do Conselho de Ministros as contracting authority (TED award notice 461533-2024 of 31 July 2024).

Tampere manufacturer of RFID tags and contactless tickets (Confidex Oy, business ID 1969597-3, Vihiojantie, 33800 Tampere; registered 2005; classified under electronic-component manufacturing in the Finnish register). In September 2024 it won TML – Transportes Metropolitanos de Lisboa’s contract for 9,500,000 contactless memory tickets with the ST25TB512 chip, worth €784,700 (TED award notice 556202-2024 of 17 September 2024), the paper smart tickets used across Lisbon’s public transport.

Trondheim developer of unmanned and autonomous surface vessels for survey, research and defence (Maritime Robotics AS, org. 888003142, Brattørkaia 11, 7010 Trondheim; founded 2005; 144 employees in the Norwegian register). In December 2025 it won the University of Porto’s tender (FEUP, CPI 02/2025) to supply an autonomous surface vehicle for €530,000 (TED award notice 861527-2025 of 24 December 2025).

Hørsholm water-and-environment engineering and software group (DHI A/S, CVR 36466871, Agern Allé 5, 2970 Hørsholm; 345 employees in the Danish register), known for its MIKE hydraulic and hydrological modelling software. In December 2025 the Agência Portuguesa do Ambiente (APA), Portugal’s environment agency, bought a DHI software licence for coastal hydrodynamic modelling for €115,000 (TED award notice 795018-2025 of 1 December 2025); DHI also has a registered Portuguese branch, DHI Water & Environment – Sucursal em Portugal (NIF 980205905), in Lisbon.

Swedish maker of voice prostheses and laryngectomy and tracheostomy care products, best known for the Provox range; founded in 1986 and headquartered in Malmö, it has been part of Denmark’s Coloplast since the acquisition was completed in January 2022. In Portugal it trades through Atos Medical Spain, S.L. – Sucursal em Portugal (NIF 980435978), a permanent representation at Avenida Coronel Eduardo Galhardo 28 C, 1170-105 Lisboa, and it is among the suppliers awarded ENT-device contracts by Madeira’s health service SESARAM (2024, TED 410283-2024) and by the Unidade Local de Saúde do Alentejo Central in Évora (2025, TED 389298-2025).

Gothenburg medical-technology group listed on Nasdaq Stockholm (Vitrolife AB, org. 556354-3452; founded in 1994 as Scandinavian IVF Science AB) that supplies culture media, devices and genetic testing for in-vitro fertilisation. In May 2026 its Spanish subsidiary Vitrolife Medical Devices Spain, S.L.U. won the Unidade Local de Saúde Santa Maria’s tender for laboratory reagents for the human-reproduction unit at Lisbon’s Hospital de Santa Maria, worth €28,682 (TED award notice 341204-2026 of 19 May 2026).

Trondheim specialist in directional core drilling and borehole-survey instruments for mineral exploration (Devico AS, org. 947402633, registered 1995, 60 employees; operating company Devico International Operation AS, org. 995950499, Heimdal, Trondheim). The operating company keeps a registered Portuguese branch, Devico International Operation AS – Sucursal em Portugal (NIF 980579112, 1600-209 Lisboa), which filed accounts for 2024.

Oslo construction-technology company that compares 3D laser scans of buildings under construction with the design (BIM) model to catch deviations (Imerso AS, org. 913347013, registered 2014; 11 employees; software development). It has a registered Portuguese branch, Imerso AS – Sucursal em Portugal (NIF 980874912, 2775-100 Parede, Cascais), which filed accounts for 2024.

Finnish marine electrical contractor for shipbuilding and floating structures (Team Electric Oy Ab, business ID 1772130-6, registered 2002, Ingå/Inkoo; main line “building of civilian ships and floating structures” in the Finnish register). It keeps a registered Portuguese branch in Porto, Team Electric Oy Ab – Sucursal em Portugal (NIF 980619505, 4200-804 Porto), which filed accounts for 2024.

Espoo software company behind the Work Pilots gig-work marketplace, which matches companies and households with freelance workers (Work Pilots Oy, business ID 2718776-8, registered 2015; computer programming). It has a registered Portuguese branch, Work Pilots Oy – Sucursal em Portugal (NIF 980608376, 2770-218 Oeiras), which filed accounts for 2024.

Aarhus maker of vanadium redox flow batteries for stationary energy storage (Visblue A/S, CVR 36427957, founded 2014; 15 employees in the Danish register). Its Portuguese subsidiary, Visblue Portugal, Unipessoal Lda (NIF 514430877), was incorporated in June 2017 at Rua Alfredo Allen 455 in Porto to develop and produce redox flow batteries; Racius records dissolution and liquidation filings for it in February 2026.

Copenhagen software company that tracks surgical instruments with RFID tags (CARETAG ApS, CVR 34737959, registered 2012; computer programming). In July 2025 it set up Caretag Portugal, Unipessoal Lda (NIF 518885542, Estrada da Luz 90, 1600-160 Lisboa), registered for software and medical-device development; the Danish parent also holds a Portuguese tax number (NIF 980870380).

Danish charter airline based at Copenhagen Airport (Sunclass Airlines ApS, CVR 40844422, Dragør; 402 employees in the Danish register; charter passenger air transport). It has a registered Portuguese branch in Lisbon, Sunclass Airlines ApS – Sucursal em Portugal (NIF 980666210, formerly Airshoppen ApS – Sucursal em Portugal), registered for aircraft ground support, which filed accounts for 2024.

Aarhus-area electrical-equipment manufacturer (Next Fabrication ApS, CVR 44049309, Risskov, registered 2023). Its Portuguese branch, Next Fabrication ApS – Sucursal em Portugal (NIF 980836522, Cais do Alboi, 3810-045 Aveiro), is registered to develop and make parts and systems for wind-turbine generators and solar PV, and filed accounts for 2024.

Bergen technical consultancy (Nortech AI AS, org. no. 925006505, registered April 2020; six employees in the Norwegian register). It has a registered Lisbon branch, Nortech AI AS – Sucursal em Portugal (NIF 980731950, Lisboa Biz, 1900-221 Lisboa), registered for industrial IoT consulting products and services, which filed accounts for 2024.

Vantaa developer of the WaveRoller submerged-flap wave energy converter (AW-Energy Oy, business ID 1797737-9, registered 17 April 2003; mechanical and process engineering in the Finnish register). Its Portuguese permanent representation, AW-Energy Oy, Sucursal em Portugal (NIF 980449146, Esplanada do Castelo 22, 4150-196 Porto), is registered to build a wave-energy demonstration system and sell the electricity it produces. WaveRoller units were tested off Peniche in 2012 and 2019–2021, and the EU-funded ONDEP project (€19 million from Horizon Europe, from October 2024) is deploying a 2 MW array of four WaveRollers at the same site.

Vaasa industrial project-management and site-services group (the branch’s parent entity, business ID 1068553-3, was registered as Prohoc Oy on 16 January 1997 and renamed Continent Finland Oy on 4 January 2022, when the group’s head-office company became a new Prohoc Oy, business ID 3238185-6; both at Virtaviiva 8, 65320 Vaasa) that runs construction and commissioning for energy and process-industry projects and lists local companies in Sweden, the US, the UK, Italy, Portugal, Chile and Guatemala. Its Portuguese permanent representation, Prohoc Oy – Sucursal em Portugal (NIF 980684960, Rua de Sorregos 19, 4500-820 Nogueira da Regedoura, Santa Maria da Feira), is registered under CAE 71120 for engineering and process consultancy to manufacturing and the energy sector.

Danish core-banking IT provider serving Nordic banks (SDC – Skandinavisk Data Center A/S, Ballerup), which Netcompany Group agreed to buy for DKK 1.0 billion on 10 February 2025 and merged into its new subsidiary Netcompany Banking Services A/S (CVR 45388689, Strandgade 3, Copenhagen; 539 employees in the Danish register) on completion in mid-2025. SDC keeps a registered Portuguese permanent representation, SDC A/S – Sucursal em Portugal (NIF 980782007, Rua Sousa Martins 1, 1º Esq., 1069-316 Lisboa), registered under CAE 63110 for data processing and the development, operation and maintenance of automated data-processing systems.

Danish holiday-home rental company behind the Novasol brand (Awaze A/S, CVR 17484575, Virumgårdsvej 27, 2830 Virum; registered 1 November 1993; 1,181 employees in the Danish register; part of the UK-based Awaze holiday-rental group). Its Algarve office is registered as Awaze A/S – Sucursal em Portugal (NIF 980779472, Rua do Comércio, Edifício Palma, Loja A, 8135-127 Almancil, Loulé), formerly Novasol – Sucursal em Portugal, under CAE 55201 (furnished holiday accommodation) for tourism operation and related consultancy.

Copenhagen specialty-insurance underwriting agency (RiskPoint Group A/S, CVR 34594325, Hammerensgade 4, 1267 København K; registered 14 June 2012) that underwrites renewable-energy, marine, property, liability and financial-lines risks on behalf of insurers across the Nordics and Europe. It has a registered Portuguese permanent representation, RiskPoint A/S – Sucursal em Portugal (NIF 980876575, Avenida do Brasil 43, 3º Dto, Sala 3, 1700-062 Lisboa), registered under CAE 65120 (non-life insurance) for insurance-agency activity.

Rauma workshop and installation company of the BMH Technology group, the Finnish maker of Tyrannosaurus waste-refining and solid-biomass handling systems (BMH Works Oy, business ID 2163574-2, registered 7 February 2008 as Rauma Works Oy and renamed on 9 November 2023; Sinkokatu 15, 26100 Rauma; metal machining in the Finnish register). Its Portuguese permanent representation, BMH Works Oy – Sucursal em Portugal (NIF 980859107, Avenida da Liberdade 249, 1º, 1250-143 Lisboa), is registered under CAE 33200 to install material-handling equipment and provide commissioning and technical consultancy for those installations.

Seinäjoki inspection body for pressure equipment, LPG plants and gas pipelines, offering periodic inspections, conformity assessment, ASME authorised-inspection services and personnel qualification (Finspection Consulting Oy, business ID 3241882-3, registered 13 October 2021, also trading as Finspection Oy; other technical testing and analysis in the Finnish register). Its Portuguese permanent representation, Finspection Consulting Oy – Sucursal em Portugal (NIF 980832322, Rua Álvaro Castelões 49, 2º, 2900-215 Setúbal), is registered under CAE 71200 for testing and inspection services.

Middelfart provider of technical training for wind-turbine technicians and operations staff — maintenance, troubleshooting and competency programmes for wind-farm owners, operators and service companies (Danish Wind Power Academy ApS, Stensgaardvej 8, 5500 Middelfart, Denmark; founded 2004; subsidiaries in the United States and Italy). Its Portuguese permanent representation, Danish Wind Power Academy ApS – Sucursal (NIF 980729351, Avenida Conselheiro Fernando de Sousa 19, 11º Dtº, 1070-072 Lisboa), is registered for education and training, recruitment and organisational-development services, with accounts filed for 2021 to 2024.

Ålesund seafood company that turns whitefish by-products — cod bones, heads and fillet trim — into dried swim bladders, salted and de-salted fish meat, cheeks, tongues and migas for human consumption (C Food Norway AS, org. no. 918170316, Høgvollvegen 8, Ålesund; founded 2013 as C Food AS, operations consolidated into C Food Norway AS in 2017; 8 employees; “Seafood from Norway” trademark; member of the NCE Blue Legasea cluster). The company names Portugal, with China, Hong Kong, France and Spain, as one of its most important markets. Its Portuguese company, CF Norway PT, Unipessoal Lda (NIF 513014950, Praça da República 2, 1250-143 Lisboa; incorporated 2 April 2014 as Global Salmon Portugal, Unipessoal Lda; €5,000 share capital), is registered for the manufacture and sale of fresh, frozen and processed fish — salmon, whitefish and pelagic species — and has filed accounts for 2014 to 2024. C Food Norway AS is also registered with the Portuguese tax authority (NIF 980698316).

Trondheim seaweed-genetics and seed-supply company that sells cultivated kelp seed and cultivation services to seaweed farms and restoration projects (Seaweed Solutions AS, org. no. 993491780, Bynesveien 50C, 7018 Trondheim; founded 2 January 2009 as Seaweed Energy Solutions AS; 11 employees). Its Portuguese permanent representation, Seaweed Energy Solutions AS – Sucursal em Portugal (NIF 980447909, Rua Melo e Sousa, Bloco 2, Loja 212, 2765-253 Estoril, Cascais), is registered under CAE 03210 (marine aquaculture) for the development and production of bioenergy and other products from algae.

Vantaa geophysical and rock-mechanical measurement contractor serving mineral exploration and civil engineering, owned by its management and staff, with the Nordic countries and the rest of Europe as its main market (GRM-services Oy, business ID 2738190-7, Katriinantie 3 D 29, 01740 Vantaa; registered 27 January 2016). Its Portuguese permanent representation, GRM-Services Oy – Sucursal em Portugal (NIF 980640334, Praceta Libânia do Carmo Galvão 2, 1C, 2700-394 Amadora), is registered to provide geophysical surveying and related services in Portugal and abroad, including the manufacture, hire and maintenance of survey equipment.

Oslo processor and trader of specialised carbon materials for the silicon-metal and alloy industry, a family business in its fourth generation with more than 100 years in carbon sourcing (Cleancarbon AS, org. no. 913810376, Madserud Allé 2, 0274 Oslo; registered 7 January 1974; sister company Cleancarbon Bio AS, org. no. 933522520; site cleancarbon.eu). Its Portuguese permanent representation, Cleancarbon Group AS – Sucursal em Portugal (NIF 980546672), is registered at the Port of Sines logistics zone — Z.A.L. Porto de Sines, Rua do Porto Industrial 3.06.07, 7520-203 Sines — with a registered objective of property mediation and leasing and directly related activities.

Aalborg menswear brand built on stretch “performance” suit trousers, which started with a Kickstarter campaign and a first small store in Aalborg in May 2016 and now runs stores in Aalborg, Aarhus, Esbjerg, Odense and Copenhagen, five in Germany (Hamburg, Stuttgart, Cologne, Berlin, Frankfurt) and two in Sweden (Stockholm, Gothenburg) (SNT ApS, CVR 36732261, Østre Havnegade 12, 9000 Aalborg; founded 5 May 2015; parent Shaping New Tomorrow Holding ApS; around 150 employees per Danish registry data). The company’s own history says its founders travelled to Portugal in February 2015 and found the manufacturer that made the first product. Its Portuguese permanent representation, SNT ApS – Sucursal em Portugal (NIF 980705932, Rua da Bandeira 418, 1º Esq., 4900-561 Viana do Castelo), is registered for wholesale, retail and online sales and the design, development and manufacture of clothing (CAE 46410 textiles wholesale, 47711).

Swedish fresh-herb group that grows and markets organic and conventional potted and cut herbs for retail and food service in several European countries (Spisa Holding AB, Hovås Allé 12, SE-436 53 Hovås, Gothenburg; part of the family-owned Gavia Holdings group). Its Portuguese grower, Aromáticas Vivas, Lda (NIF 509028128, Rua da Gravia 109, Carreço, 4900-278 Viana do Castelo; incorporated 18 June 2009; share capital €300,000), was founded by the Swedish Swedeponic group with local partners and is 81% held by Spisa; ECO has described it as Portugal’s largest producer of fresh aromatic herbs, with more than 40,000 m² of production area, about 55 employees and some 5.5 million pots a year. Swedeponic Holding AB is registered with the Portuguese tax authority (NIF 980417694) at the same Carreço address, and the group lists a second Portuguese company, Fresh Cut, Unipessoal Lda (NIF 513016228, Sítio da Campina, Luz de Tavira).

Visibility-products group with companies in Norway, Sweden and Portugal that develops, manufactures and markets high-visibility garments, vests and reflective materials for professional and personal use (Reflectil Holding AS, org. no. 941924751, Oslo, registered 1986; Reflectil Norge AS, org. no. 976969103, Oslo, 1996; sister company Reflectil Sverige AB in Kungälv). Production takes place at the group’s own factory in Portugal, which also holds its European stock: Reflectil – Produtos para Segurança e Confecções, Lda (NIF 502444584, Rua do Negral, Armazém 1, 4585-237 Gandra, Paredes; CAE 14120 manufacture of workwear), alongside the trading company Reflectil II Portugal – Comercialização de Produtos de Segurança, Lda (NIF 506522458; formerly Erik Høgvard – Comercialização de Produtos de Segurança, Lda).

Family-owned Norwegian orthopaedic and comfort footwear brand founded in 1957 by Dagfinn Klaveness (Klaveness Footwear AS, org. no. 913419561, Lingelemveien 65, 3225 Sandefjord; 16 employees). Its shoes are designed in Norway and made in Portugal by Klaveness Footwear, S.A. (NIF 501973672, Rua Venceslau Ramos 64, 4430-929 Avintes, Vila Nova de Gaia; CAE 15201 footwear manufacture); a related company, Team Klaveness – Produtos Ortopédicos, Unipessoal, Lda (NIF 504525905), is registered at the same Avintes postcode, and the brand’s historic Norwegian maker, Klaveness Skofabrikk AS, is registered with the Portuguese tax authority (NIF 980178398).

Swedish-founded executive search and leadership advisory firm, set up in 1967 by Håkan Ericsson and run from its Stockholm head office; since 2016 it has been owned by the Mercuri Urval foundation together with partners. In Portugal it operates through Mercuri Urval, S.A. (NIF 510147046, Avenida Eng. Arantes e Oliveira 5, R/C A, 1900-221 Lisboa; incorporated 20 March 2012; share capital €50,000; CAE 78100 personnel selection and placement), whose Lisbon office is listed on the group’s Portuguese website; an earlier branch of its Spanish company, Mercuri Urval, S.A. – Sucursal em Portugal (NIF 980125936), is registered in Porto Salvo, Oeiras.

Oslo structural, civil and MEP-support design consultancy for construction and data-centre projects and a member of CTS Group (SD Nordics AS, org. no. 930081698, founded 4 October 2022; 14 employees; offices listed in Norway, Finland, Portugal and Poland). Its Portuguese company, SD Nordics Portugal, Unipessoal Lda (NIF 519287134, Alameda dos Oceanos 59, CTS Europe Offices, 1990-207 Lisboa; share capital €1,000), sits in CTS Group’s Lisbon offices at Parque das Nações; SD Nordics AS is also registered with the Portuguese tax authority (NIF 980877610).

Danish construction and civil-engineering contractor working in infrastructure, pipe technology, ground engineering and building (Per Aarsleff A/S, CVR 37542784, Hasselager Allé 5, 8260 Viby J, Denmark; 2,957 employees in the Danish company per the CVR register; parent Per Aarsleff Holding A/S, listed on Nasdaq Copenhagen). Its Portuguese permanent representation, Per Aarsleff A/S – Sucursal em Portugal (NIF 980418747, Avenida da Boavista 2881, 2.º, Salas 14 e 15, 4100-136 Porto), is registered under CAE 42210 for construction and public-works contracting and, as ancillary activities, industry, trade and investment.

Gothenburg-based Swedish company of the Ocean Infinity marine-robotics and survey group, which carries out offshore geophysical and geotechnical surveys and subsea inspection (Ocean Infinity AB, org. no. 556679-4706, Sven Källfelts Gata 11, 426 71 Västra Frölunda; sister companies Ocean Infinity (Offshore) AB and Ocean Infinity Group Holding AB at the same address). Its Portuguese permanent representation, Ocean Infinity AB – Sucursal em Portugal (NIF 980870500, Rua Cândido dos Reis 1499, 4460-699 Senhora da Hora, Matosinhos), is registered under CAE 71120 for subsea inspection services. In October 2024 Portugal’s sea and atmosphere institute IPMA awarded Ocean Infinity AB a €21.76 million contract for the 2025 geophysical and geotechnical data-collection survey campaign (TED 599818-2024).

Oslo ship-management and marine technical-consultancy company (Bulkship Management AS, org. no. 981115678, Oslo; founded 1 July 1999; other technical consultancy in the Norwegian register). Its Portuguese permanent representation, Bulkship Management AS – Sucursal (NIF 980889294, Avenida António Augusto de Aguiar 19, 4.º Dto., Sala B, 1050-012 Lisboa), is registered to carry out technical and maritime operations for its own and third-party ships, sell quality-assurance and technical/maritime consultancy for ship operations, and hold interests in companies with similar objects.

Stockholm currency-exchange and payment-services company (ChangeGroup Sweden AB, org. no. 556835-1646, Tulegatan 29, 113 53 Stockholm; turnover SEK 115.7 million in 2024 per Allabolag). Its Portuguese permanent representation, ChangeGroup Sweden Portugal Branch – Sucursal em Portugal (NIF 980822980, Avenida José Malhoa 16B, 2.º, 1070-159 Lisboa), is registered under CAE 66120 for payment services that allow cash to be deposited into a payment account and for the activities of currency-exchange bureaus under Portuguese law.

Stockholm surf-travel company selling surf camps and trips (Magnus & Friends AB, org. no. 559099-7259, Badstrandsvägen 34, 112 65 Stockholm; turnover SEK 10.2 million in 2025 and 11 employees per Allabolag). Its Portuguese permanent representation, Magnus & Friends AB, Sucursal em Portugal (NIF 980595541, Rua Veríssimo Duarte 11, 2.º Fte., 2540-110 Bombarral), is registered under CAE 79120 (tour operators) to supply surf travel packages in Portugal, including accommodation, excursions, yoga and breakfast, for guests who travel to Portugal on their own.

Stockholm real-estate investor applying a private-equity, value-add approach across Europe (Europi Property Group AB (publ), org. no. 559207-9692, Västra Trädgårdsgatan 15, 111 53 Stockholm; offices also in London and Athens). Its Portuguese holding company, Europi PT Holdco Unipessoal Lda (NIF 518035697, Rua Mouzinho da Silveira 15, 1250-166 Lisboa), was incorporated on 5 March 2024 under CAE 64202 (non-financial holding company) and 70220 (management consultancy). In Portugal Europi runs Ecologis, a portfolio of big-box and last-mile logistics assets predominantly in the greater Lisbon area, launched with Bedrock Capital Partners in February 2023, and Liv Lisbon, a strategy aggregating residential apartments in Alcântara.

Danish supplier of real-time monitoring, tracking and RFID solutions for logistics, healthcare and supply chains (Lyngsoe Systems A/S, CVR 17702785, Lyngsø Alle 3, 9600 Aars; registered 1994, 129 employees per the CVR register; roots dating back to 1952). In July 2026 Lyngsoe announced a strategic investment, stake undisclosed, in the Porto software company CodeOne – Sistemas de Identificação e Processamento de Dados, Lda (NIF 506617157, Avenida Marechal Gomes da Costa 980, 4150-757 Porto; share capital €180,000; CAE 62090) to strengthen its presence in southern Europe. CodeOne, led by CEO Carlos Figueiredo, keeps its brand and management team and serves logistics and operations clients in Portugal and Spain.

Finnish provider of site-management, supervision and project-support professionals for industrial construction and investment projects (CMS Construction Management Solutions Oy, business ID 3022384-6, Satojoentie 53, 21510 Hevonpää, Paimio; in the Finnish Trade Register since 25 September 2019). Its Portuguese permanent representation, CMS Construction Management Solutions Oy – Sucursal em Portugal (NIF 980834597, Avenida do Infante 8, Edifício Executive, 2.º andar, Suite K, 9000-015 Funchal), is registered under CAE 70220 (business and management consultancy) for consulting and management services, the provision of human resources, real-estate trading and securities-portfolio management. The company lists Portugal among the countries of its industrial project experience.

AI travel-planning platform founded in Odense in 2021 by six engineering students, four of them Portuguese (Tryp.com ApS, CVR 42533165, registered 8 July 2021 in Odense; parent Tryp.com Holding ApS, CVR 42527610), now headquartered in Copenhagen. Its Portuguese travel agency, Tryp.com, Lda (NIF 518319776, incorporated 28 August 2024, CAE 79120, RNAVT licence no. 12907), operates from Rua da Prata 80 in Lisbon and is the contracting entity for bookings, including the Wizz Holidays packages its technology powers. In October 2026 it announced a €1.9 million round led by Point Capital Partners with Iberis Capital.

Jyväskylä materials-technology company that turns wood pulp and waste streams into a textile fibre (Spinnova Oyj / Spinnova Plc, business ID 2653299-6, Palokärjentie 2–4, 40320 Jyväskylä; registered in 2014). On 17 September 2026 it signed a letter of intent on the potential acquisition of its Portuguese yarn partner Tearfil – Indústria Têxtil, S.A. (NIF 514993820, Moreira de Cónegos, Guimarães), a spinning mill in a PER restructuring, and on 30 September it signed a binding €1.5 million loan agreement to provide bridge financing to the mill. nif.pt lists no Portuguese entity under the Spinnova name; completion of the acquisition is targeted for the first quarter of 2027.

Stockholm-based communications consultancy (Kreab Worldwide AB, org. no. 556733-9956, Mäster Samuelsgatan 17, 111 44 Stockholm). Its Portuguese company, Kreab Portugal, Unipessoal Lda (NIF 519141415, Rua Joshua Benoliel 6, 4.º A, 1250-133 Lisboa), sits behind the Kreab Lisbon office; Jornal Económico reported that the Portuguese operations are led by president João Líbano Monteiro and CEO Vítor Cunha, with partner Maria João Soares on the board. Kreab Worldwide entered Portugal, Angola and Mozambique in December 2025 by acquiring the Lisbon-based JLM&A group.

Danish business and IT consultancy (emagine Consulting A/S, which also holds Portuguese tax registration 980814294). In December 2024 it bought the Portuguese IT-services firms Boost IT and Hexis Technology Hub, a deal Jornal de Negócios reported as bringing 600 workers. Its Portuguese company, Emagine, Unipessoal Lda (NIF 514756217, Rua do Polo Sul 2, 2.º, 1990-273 Lisboa; CAE 62020, IT consultancy; incorporated 31 January 2018 as Década Cristalina, Lda), shows merger filings in March and June 2025.

Danish producer of white-label medicinal cannabis (Schroll Medical ApS, Kirstinebjergvej 33, 5792 Årslev), which says it produces to the EU GMP standard at sites in Denmark and Portugal. Its Algarve company, Schroll Flavours – Produção e Comercialização de Produtos Agrícolas, Unipessoal Lda (NIF 509957650, Quinta Ana Velha, Sítio do Poço Longo, 8700-226 Olhão; incorporated 2011, capital €300,000; CAE 01280, aromatic and medicinal plants), describes itself as a GACP-certified manufacturer and part of Schroll Medical, with production in Lagoa. In September 2020 Sul Informação reported that a Schroll-Flowers group company was growing 36 hectares of hydrangeas in Olhão.

Real-estate brokerage group that describes itself as being of Swedish origin (founded 1968, with roots in the Swedish company JM) and active in the Portuguese property market since 1973, selling homes to Scandinavian buyers. Its Portuguese operating company is Mercator – Sociedade de Mediação Imobiliária, Lda (NIF 503052140, Av.ª Aida, Bloco 1, Loja 111, Estoril Garden, 2765-187 Estoril; CAE 68311, real-estate brokerage; AMI licence 203). Since 2010 it has run its own sales teams in Sweden and Norway under the Portugal Mäklarna and Portugal Megleren brands; the Swedish company is PortugalMäklarna Sweden AB (org. no. 559038-0662, Ekerö). CEO Peter Billton is a former chair and current board member of the Swedish-Portuguese Chamber of Commerce.

Anglo-Swedish biopharmaceutical group formed in 1999 by the merger of Sweden’s Astra AB (founded 1913 in Södertälje) and the UK’s Zeneca, still listed on Nasdaq Stockholm. Its Portuguese subsidiary is AstraZeneca – Produtos Farmacêuticos, Lda (NIF 502942240; CAE 46460, wholesale of pharmaceutical products; share capital €1.5 million), formerly Astra Portuguesa – Produtos Farmacêuticos, Lda. On 1 April 2026 it opened a new Portuguese head office in Parque das Nações (Av. Dom João II, 13, 1990-077 Lisboa), and the company says a Lisbon global services hub launched in 2024 serves AstraZeneca worldwide. President in Portugal: Nathalie Cardinal von Widdern.

Welding and cutting group founded in 1904 in Gothenburg as Elektriska Svetsnings-Aktiebolaget (ESAB); its Swedish company ESAB AB remains a group subsidiary under the US-headquartered, NYSE-listed ESAB Corporation. The Portuguese company is ESAB – Comércio e Indústria de Soldadura, Lda (NIF 500600724; Rua Jorge de Sena, Lote E, 1750-129 Lisboa; CAE 46690, wholesale of machinery and equipment; share capital €200,000). ESAB Corporation’s 10-K for 2025 lists it as a subsidiary, alongside GCE Portugal, Unipessoal Lda (Porto) and Weldnote, Lda (Lisbon); the Swedish ESAB Aktiebolag also holds a Portuguese tax number (NIF 980366062).

Danish biopharmaceutical company headquartered in Hellerup, near Copenhagen (Ascendis Pharma A/S, Nasdaq: ASND), which develops medicines on its TransCon technology platform and sells its endocrinology rare-disease products directly in selected European markets, including an Iberia cluster covering Portugal and Spain. The Portuguese company is Ascendis Pharma Portugal, Unipessoal Lda (NIF 519052889; Rua Mar da China 3, 4.º andar, 1990-203 Lisboa; CAE 46460, wholesale of pharmaceutical products), incorporated in October 2025 as ASND Portugal, Unipessoal Lda, with capital increases registered in March 2026. Ascendis Pharma A/S lists it as a wholly owned subsidiary in its 2025 annual report on Form 20-F; the Danish Ascendis Pharma Europe A/S also holds a Portuguese tax number (NIF 980872936).

Cruise line founded in 1997 by Norwegian businessman Torstein Hagen, who has been its chairman and chief executive since the founding; the listed parent, Viking Holdings Ltd (NYSE: VIK), is incorporated in Bermuda, and Norway is among the countries where the group’s ships are registered. The Portuguese company is Viking Cruises Portugal, S.A. (NIF 513003231; Rua Serpa Pinto 44, Entrada C, 4400-307 Vila Nova de Gaia; share capital €50,000), incorporated in February 2014 as Palace River Cruises, S.A., with a registered object covering river tourism and passenger transport by boat. Viking Holdings lists it as a 100%-owned subsidiary in Exhibit 8.1 of its 2025 annual report on Form 20-F, which also lists five Douro longships (Viking Torgil, Viking Hemming, Viking Osfrid, Viking Helgrim and Viking Gyda) for its Douro river cruises from Porto.

Finnish software and digital services company (Vincit Oyj) working in data and AI, composable commerce, SAP solutions and digital product development, with offices in Tampere, Helsinki, Turku, Oulu, Jyväskylä and Kuopio. The Portuguese company is Vincit Portugal – Digital Services, Unipessoal Lda (NIF 518283933; Avenida da República 43, 7.º Dt.º, 1050-187 Lisboa; CAE 62020, IT consultancy), incorporated on 8 October 2024; Vincit lists a Lisbon office at Mercado da Ribeira (Av. 24 de Julho) on its own contact page, and Vincit Oyj also holds a Portuguese tax number (NIF 980831202).

Finnish marketing data software company headquartered in Helsinki (Supermetrics Oy), with further offices in Dublin, Amsterdam, Singapore and Vilnius. The Portuguese company is Supermetrics Portugal, Unipessoal Lda (NIF 516596713; Rua Castilho 39, 15.º andar, 1250-068 Lisboa; share capital €1,000), incorporated on 1 October 2021 with a registered object covering data processing, programming and IT consultancy, and with balance sheets filed for 2021 to 2024; Supermetrics Oy also holds a Portuguese tax number (NIF 980725356).

Norwegian architecture firm headquartered in Oslo (Caerus Architects AS), which says it specialises in data centre design and has a team of 35 from Norway, Portugal and Brazil. The Portuguese company is Século Abstrato, Lda (NIF 517215349; Calçada Marquês de Abrantes 122, 2.º Dto, 1200-720 Lisboa), incorporated on 27 October 2022; the Norwegian business register names it as the home company of the branch “Caerus Architects Portugal” (NUF 937 891 644, registered 2 July 2026), whose manager also chairs Caerus Architects AS, and Caerus’ own website lists a Lisbon studio at Rua do Possolo 76 alongside its Oslo office.

Norwegian architecture firm headquartered in Oslo (A-lab AS), part of the Multiconsult Group. The Portuguese company is F.H.K. - Laboratório de Arquitectura, Lda (NIF 514230720; Rua D. Sancho I 18, Loja D, 8500-013 Alvor, Portimão; share capital €5,000), incorporated on 6 January 2017, with accounts filed each year from 2022 to 2025; A-lab’s own offices page lists it as A-lab Portugal with organisation number 514 230 720, and the Norwegian business register records it as a subsidiary in the group, care of A-lab AS.

Danish interim-management and business-support consultancy (Basico A/S, CVR 35852190, Philip Heymans Alle 3, 2900 Hellerup), founded in 2003 and working across finance, HR, IT and legal functions. Basico announced the official start of its activity in Portugal in October 2026, with the Portuguese operation led by Country Managing Partner João Luís (Jornal Económico), and its Portuguese website lists a Lisbon office at Avenida Fontes Pereira de Melo 21, 1.º andar, 1050-116 Lisboa. No Portuguese company under the Basico name appeared in a nif.pt search on 7 October 2026.

Retail stores and manufacturing across Portugal.

Neves-Corvo copper-zinc mining operation in Alentejo.

Dialysis services across Portugal.

Hygiene and health products manufacturing.

Telecommunications and R&D services.

Premium automotive sales and distribution.

Lisbon property investments (8 properties).

Industrial equipment and compressors.

Defense and aerospace solutions.

Global fashion retailer with multiple stores.

Automotive circular economy (SVP Auto acquisition).

Tobacco and nicotine products via Tabaqueira.

Cybersecurity startup in Lisbon (2022).

Solar and green energy projects.

Global leader in access solutions. Owns MARC in Águeda since 1966.

Forest products and biomaterials. Owns forest holdings in Portugal.

Mining and rock drilling technology and equipment.

Electrification, robotics and industrial automation.

Professional tools, workwear and personal protection.

Real estate brokerage for Nordic buyers in Portugal since 2014.

World's largest bearing manufacturer. SKF Portugal - Rolamentos in Amadora.

Polymer sealing solutions for aerospace, automotive and industrial applications.

Swedish fintech leader in buy-now-pay-later payments. Lisbon engineering and operations office.

Swedish-founded beauty and personal care products company. Oriflame Cosméticos LDA operates from Lisbon.

Food packaging and processing. Operating in Portugal since 1963 with production facility in Carnaxide producing paper straws.

Outdoor power products including robotic mowers, chainsaws and garden equipment. Husqvarna Portugal S.A. in Rio de Mouro.

Swedish-founded home alarm and security monitoring. Operates in Portugal as Securitas Direct, one of 17 country markets.

Swedish online bank payment platform. Operates a dedicated tech hub in Lisbon focused on product development and engineering.

Swedish growth investor founded in 1936. Backs European tech companies including those active in Portugal; Portugal is among its target investment geographies.

Swedish ventilation and building products manufacturer. Serves the Portuguese market through its Iberian dealer network for HVAC and rainwater systems.

World’s largest music streaming platform. Maintains customer support and operations teams in Lisbon and Porto.

Mining and infrastructure equipment specialist. Operates a 10,000 m² Service Center in Aljustrel, Alentejo, servicing equipment at Neves-Corvo and other Iberian mines.

Leading Nordic private equity firm. Active investor in Portugal through portfolio companies Sensio (ISECO acquisition) and Autocirc (SVP Auto acquisition).

Swedish-headquartered premium fashion brand. Returned to Portugal with five company-owned stores including Oeiras Parque, Amoreiras, and outlet locations in Lisbon and Porto.

One of Europe’s largest private equity firms. Manages €130B+ in assets with active Iberian portfolio investments across technology, healthcare, and services sectors.

Europe’s leading architecture and engineering consultancy. Provides infrastructure, energy, and environmental consulting services across the Iberian market.

Swedish medical technology company. Supplies surgical workflows, intensive care, and sterile reprocessing equipment to Portuguese hospitals and healthcare facilities.

Advanced high-strength steel producer. SSAB Swedish Steel Lda operates a distribution centre in Vale de Santarém, serving Portuguese construction and industry.

Swedish Orphan Biovitrum — rare disease specialist. Operates Sobi Unipessoal LDA from Av. António Augusto de Aguiar 19, Lisbon, providing haemophilia and immunology treatments.

Industrial air filtration and environmental technology. Nederman Ibérica S.A. Sucursal em Portugal operates from Rua Sinais de Fogo, Lisbon.

Swedish contract pharmaceutical manufacturer (CDMO). Operates three facilities in Greater Lisbon — Odivelas, Queluz, and Oeiras (Genibet) — producing sterile ophthalmics and biologics.

Swedish green steel and hydrogen company (formerly H2 Green Steel). Land reserved near Sines for up to €2.7B investment in green steel and hydrogen production, with grid connection secured from Portuguese authorities.

Swedish wave energy pioneer. Operates R&D centre and manufacturing base in Viana do Castelo. Deployed C4 wave energy converter at Aguaçadoura, exporting up to 600 kW peak power to the Portuguese grid.

Swedish performance electric vehicle brand. Entered the Portuguese market in 2022 with Polestar Spaces in Lisbon, Porto, and Faro (Dec 2025). On track to exceed 500 units sold in Portugal in 2025. Member of the Swedish-Portuguese Chamber of Commerce.

Swedish shipping group (Gothenburg-headquartered Stena Sphere). Operates Europe-wide freight and Ro-Ro ferry corridors linking Gothenburg and the North Sea to Iberian supply chains. Stena’s Gothenburg – Zeebrugge and Rotterdam routes connect Portuguese exporters into the group’s wider European ferry and logistics network.

Swedish pulp and paper manufacturer (Solna HQ, Nasdaq Stockholm; ~5,800 employees, nine mills in Sweden, Finland and the USA). Covers the Portuguese market through BillerudKorsnäs Ibérica S.L., supplying kraft and liner paper grades to Portuguese packaging converters, retailers and brand owners.

Swedish battery materials and cell manufacturer. Northvolt operates a 50/50 joint venture with Galp called Aurora, building an advanced lithium conversion plant at Sapéc Bay Industrial Park in Setúbal — targeting 28,000-35,000 tonnes/year of battery-grade lithium hydroxide. The JV represents one of the largest Nordic-Iberian industrial commitments in the battery value chain and would supply up to 50 GWh of EV battery capacity at full output.

Swedish-Ukrainian IT services group (part of Danir, Lund-Malmö HQ; 30+ offices in 15 countries). Opened its first Portuguese office in Cascais (Estrada Malveira da Serra) in March 2022, followed by a second Lisbon office at Rua da Junqueira 218/220 — combined headcount of 20+ engineers focused on AdTech, automotive, aviation, gaming, telecom, FinTech and PropTech projects for European clients.

Swedish unified-communications-as-a-service company (Malmö HQ). Entered the Portuguese market in 2023 through its acquisition of Numintec, the Spanish cloud-based business communications provider with established Portuguese operations — immediately giving Telavox an Iberian footprint serving Portuguese SMB and enterprise customers across cloud PBX, contact centre and unified messaging.

World's largest sovereign wealth fund.

Maritime automation and navigation systems.

World's largest salmon producer.

Norway’s largest bank.

Offshore energy engineering services.

Norway’s national telecom group.

Europe's largest renewable energy producer.

Maritime classification and risk management. 350 offices worldwide.

Electric/hydrogen cruise ships. Partnership with West Sea shipyard.

One of the world's largest aluminium companies. Extrusions plant in Avintes.

Nordic Capital-backed care technology company. Acquired ISECO (2026) to enter Portugal’s elderly care market with 1,000+ installations.

Norwegian energy major. Active in Iberian energy markets through renewable energy and offshore wind investments.

Norwegian low-cost carrier. Operates direct flights connecting Oslo to Lisbon and Porto, a key air bridge for Nordic-Portuguese business travel.

CTS Group and Eaton joint venture producing electrical power distribution units for data centres. Building a €50M factory in Viana do Castelo creating 500 jobs, opening 2026.

European business software leader. Operates Visma Tech Portugal in Porto and Lisbon with 200+ employees. Acquired Portuguese companies InvoiceXpress and Moloni.

Norway’s leading consumer goods group. Distributes branded food, confectionery, and home care products across Portuguese retail through Iberian distribution partnerships.

Norwegian sensor-based sorting and recycling technology leader. Supplies reverse vending machines and food sorting systems to the Portuguese recycling and food processing sectors.

Global maritime services leader. Wilhelmsen Port Services Portugal SA operates full ship agency at Lisbon, Sines, Leixões, Setúbal, Portimão, and Lagos.

Norwegian IT optimisation and cloud services provider. Crayon Software Licensing Unipessoal Lda operates from Lisbon (Carnide), serving Portuguese enterprise IT needs since 2014.

5G network equipment and infrastructure.

Marine engines and power systems.

Renewable diesel and sustainable fuels.

Forest industry and paper products.

Green hydrogen innovator (2025 alliance).

Novel protein and food technology.

Process technology for pulp and energy.

Iconic design brand. Manufactures textiles in Portugal.

Finnish stainless steel manufacturer. Distributes advanced stainless steel products to Portuguese industry through Iberian operations.

Finnish family office and investment company. Owns Ombria Resort in the Algarve — a sustainable development with 150-room hotel, golf course, and 300+ residences.

Global leader in port equipment and automation. Supplies rubber-tyred gantry cranes and automation technology to PSA Sines, Portugal’s largest container terminal.

Finnish crane and lifting equipment manufacturer. Provides industrial crane services and port equipment across Portuguese industry and logistics.

Finnish leader in environmental and industrial measurement. Provides weather observation and air quality monitoring systems used by Portuguese meteorological and environmental agencies.

Finnish sporting goods group behind Salomon, Arc’teryx, Wilson, and Peak Performance. Operates registered Portuguese subsidiary Amer Sports Portugal, Unipessoal LDA from Lisbon.

Finnish electric mobility solutions company. Leased 2,000+ sqm of office space in a premium Lisbon location to support European expansion of EV charging and fleet management operations.

Finnish consumer goods group behind Fiskars, Iittala, Arabia, Wedgwood, Royal Copenhagen and Gerber. Distributes tableware, garden tools and kitchenware to Portuguese retailers through its Iberian commercial network, with Iittala and Fiskars products listed in Portuguese e-commerce and department-store channels.

Danish home-furnishings retailer founded by Lars Larsen in Aarhus in 1979. It opened its first Portuguese store in 2016 and had 39 by September 2026, when the company reported Portuguese sales of €84.8 million for its 2025/26 financial year, up 40%. A Lisbon digital and tech hub opened in 2025, and store no. 40, its first in the Azores, is due to open in late November 2026.

Stockholm-listed group supplying vertical access and height-safety solutions for professional work at height (Alimak Group AB (publ), org. no. 556714-1857, Nasdaq Stockholm: ALIG). Its annual reports list Lusotractel - Equipamentos de Elevação e Tracção, Unipessoal Lda (NIF 503153516, Lugar de Trajouce, 2785-653 Cascais) as 100% owned; the company came into the group with the Tractel acquisition, completed on 21 November 2022, and Alimak counted 12 full-time employees in Portugal in 2024 and 2025.

Lund-headquartered contract research organisation that runs clinical trials for biotech and pharmaceutical sponsors (TFS Trial Form Support International AB, org. no. 556513-1660, 100% owned by Ratos). TFS lists a Lisbon office at Edifício Alto Amoreiras, Rua Joshua Benoliel 6, 1250-133 Lisboa, registered as Trial Form Support, SL - Sucursal em Portugal (NIF 980349273), a branch of its Spanish company providing technical services for medical research and clinical trials.

Icelandic maritime-technology company (Hefring ehf., Reykjavík) behind IMAS, an AI-based onboard system for vessel safety, fuel use and maintenance. Its Portuguese company, Hefring Marine, Unipessoal Lda (NIF 517718561, Avenida António Augusto de Aguiar 19, 1050-012 Lisboa), was incorporated in September 2023 for maritime R&D and design. Hefring raised €2.2 million in May 2024 and showed its ODIN system at the REPMUS 2026 exercise in Portugal.

Icelandic software company (LS Retail ehf., Hagasmári 3, Kópavogur) selling retail and hospitality software as an independent software vendor for Microsoft Dynamics, with about 290 employees. It lists Portugal as one of four branches outside Iceland, with an office on floors 5 and 6 of Rua de Júlio Dinis 676, 4050-320 Porto, and holds a Great Place to Work – Portugal certification for 2022–2025; the Icelandic company is registered for tax in Portugal under NIF 980652103.

Icelandic inventory-optimisation and demand-planning software company (AGR Dynamics ehf.), started by engineers who met at the University of Iceland in 1997, with more than 100 employees and offices in Kópavogur, Copenhagen, Warrington and New York. Its contact page lists an office at Rua do Bolhão 221B, 2nd floor, 4000-112 Porto, and its team page has a Portugal section; the Icelandic company is registered for tax in Portugal under NIF 980792991.

Icelandic geothermal drilling contractor (Jarðboranir hf. / Iceland Drilling Company Ltd., Hafnarfjörður), in which Norway’s Archer took a 50% stake in 2022 and has since raised it to 60% (company website). It has drilled geothermal wells in the Azores for EDA Renováveis, including a contract for up to nine wells on São Miguel and Terceira worth about €18.6 million reported in February 2020. Its Portuguese branch, Iceland Drilling Ltd. – Sucursal em Portugal (NIF 980679729, Rua Sousa Martins 1, Lisbon), recorded an accounts filing in March 2025; the Azores subsidiary was dissolved in January 2024.

Bergen-based maker of planning software for public transport operators and authorities (Asistobe AS, org. no. 924962364), which lists Lisbon as one of its two offices. It operates in Portugal through Asistobe AS – Sucursal em Portugal, NIF 980732042, at Avenida António Augusto de Aguiar 122C, Lisbon, registered under CAE 62900 with accounts filed for 2023–2025.

Helsinki-founded operator of tech-enabled serviced apartments, which announced an 80-unit building in central Porto as its first Portuguese signing on 31 October 2025. Its Portuguese company, Bob W Portugal, Unipessoal Lda, NIF 519159632, is registered at Avenida da Liberdade 249, Lisbon (CAE 55201); the Finnish Bob W Technologies Finland Oy also holds Portuguese NIF 980887470.

Portuguese machine-tool maker in the Varziela industrial zone at Árvore, Vila do Conde, whose LEI record names Sweden’s Sandvik AB as ultimate consolidating parent (GLEIF, corroborated from 2024 accounts). Its domain seri.pt redirects to the clamping-devices page of Walter Tools, Sandvik’s German cutting-tool brand. The company, SERI – Sociedade de Estudos e Realizações Industriais, Unipessoal, Lda, NIF 502060913, is registered under CAE 28410 with €330,000 share capital.

Danish end-of-life tyre recycler (Genan Holding A/S, Viborg), founded with its first Viborg plant in 1990. Bought Portugal’s largest tyre recycling plant, BIOSAFE – Indústria de Reciclagens, from Nors in 2019 and renamed it Genan, S.A. (NIF 503846279) in 2020; the Ovar plant at Pardala was upgraded from 25,000 to 40,000 tonnes a year and serves as a product-development hub.

European veterinary group created in 2017 by merging Sweden’s Evidensia (founded 2012) with the UK’s IVC. It is headquartered in Bristol and Swedish private-equity firm EQT is its largest shareholder. In Portugal it trades through IVC Evidensia Portugal, S.A. (NIF 516705350, Lisbon, incorporated December 2021) and has bought ANIMED – Hospital Veterinário de Gondomar, Hospital Veterinário Aristocão (Torres Vedras) and clinics in Olhão, Almada and Maia.

Copenhagen health-tech company (Practio ApS, 13 staff) building technology that turns pharmacies into local healthcare hubs. In Portugal it operates through Practio ApS – Sucursal em Portugal, NIF 980607884, at Av. Infante D. Henrique 26, Lisbon, registered under CAE 86220 to carry out vaccination activities through partners and medical consultancy.

Swedish rock-construction company from Sollefteå offering staffing, consulting and contracting for rock works such as tunnels and mines (Stonebridge AB, org. no. 559441-0226, Storgatan 61, 881 31 Sollefteå). Its Portuguese permanent representation, Stonebridge AB – Sucursal em Portugal (NIF 980898455, Av. General Eduardo Galhardo 115, Edifício Nucase, 2775-564 Carcavelos), registered in April 2026, is set up for rock excavation and underground works for the mining industry and civil-infrastructure projects, including tunnelling, rock reinforcement, drilling and blasting, and related technical consulting.

Norwegian fishing-hook maker founded in Gjøvik in 1832 (O. Mustad & Son AS). In Portugal it trades through O. Mustad & Son Portugal – Equipamentos de Pesca, Unipessoal, Lda, NIF 500672210, at Lugar da Maçã, Sesimbra.

Oslo land-based salmon and cod farming start-up (Maiken Foods AS). In Portugal it has incorporated Maiken Foods, Unipessoal Lda, NIF 516680110, at the ZILS business centre in Sines, and reserved a 10-hectare site in the Sines industrial zone with aicep Global Parques in January 2022. The plant is not yet built.

Westman Islands fishing and seafood company (Vinnslustöðin hf., Vestmannaeyjar). In Portugal it owns salt-cod processor Grupeixe – Produtos Alimentares, S.A., NIF 503087580, in Ílhavo, bought in 2019, and in 2026 its Portuguese arm acquired a second Ílhavo processor, ESBAL – Empresa de Secagem de Bacalhau, S.A. (NIF 502485337).

Kitchenware brand founded in Copenhagen in 1944 (now headquartered in Triengen, Switzerland), known for its French press coffee makers. It manufactures in Portugal through Bodum Portuguesa Produção, S.A., NIF 500113173, at the Tondela industrial zone (CAE 25991, metal kitchenware), with a sister plastics company, Bodum Plástico, S.A., in Gafanha da Encarnação.

Investment arm of Ingka Group, the largest IKEA retailer. It owns a 25-turbine, 50 MW wind park in Portugal that it is hybridising with solar (150 GWh rising to 233 GWh a year, announced March 2026), and runs Ingka Investments Renewable Energy Supply Portugal, Unipessoal, Lda, NIF 518930467, registered in Frielas (CAE 35140).

Águeda compressed-air distributor and service house (Iberoair, Lda, NIF 508377463) whose operating assets became part of Sweden’s Atlas Copco Group on 3 November 2026, with 20 employees joining the group’s Compressor Technique service division. Iberoair serves ceramics, light manufacturing and mechanical industries, mainly in central Portugal.

Coimbra fire-safety installation, maintenance and training company (Segmon – Sistemas Globais de Segurança, Lda, NIF 507683803) acquired by Sweden’s Presto Group in November 2026, marking Presto’s entry into Portugal. Founded in 2006, Segmon keeps its brand and management and will work with Presto’s Spanish company Eurofesa on Iberian clients.

Portuguese distributor of medical devices for advanced and minimally invasive surgery (MoonSurge – Importação e Exportação de Material Médico, Lda, NIF 506657035) acquired by Sweden’s AddLife on 2 November 2026. Active since 2003 in general surgery, urology, gynaecology and cardiac surgery, it is now a subsidiary of AddLife’s Spanish company MBA Surgical Empowerment.

Oslo-registered product-engineering group that bought Lisbon nearshore developer Cleverti in October 2023 through 99X Investment AS. The Portuguese company now trades as 99x Portugal (99X Tech, Unipessoal Lda, NIF 508828589, formerly Cleverti Tecnologias e Inovação) and builds software, DevOps and QA services for European clients.

Swedish-founded ERP and enterprise-asset-management software group. It is registered in Portugal as IFS Applications Ibérica, Sucursal em Portugal (NIF 980555833, Lisbon) and has named Portuguese customers: coatings maker CIN (2018) and biscuit producer DanCake (2016).

Norwegian maker of winches and lifting and handling systems in Ulsteinvik (ENTEC EVOTEC AS, org. no. 989761269, registered 2006). In October 2026 the Portuguese Navy (Marinha Portuguesa) awarded it a NOK 16.25 million contract to supply oceanographic instrumentation cables for the research ship NRP D. João II (TED notice 697932-2026).

Portuguese brand of dietary supplements, high-protein snacks and ready meals owned by Stockholm-listed Humble Group, which still lists Lev Diet among its companies. The manufacturing entity is Laboratório Francediet – Fabrico de Produtos de Dietética, Unipessoal, Lda (NIF 504738003, Cacia, Aveiro).

Finnish clothing brand founded in 2011 (brand owner Pumpkin Design Oy, Pirkkala). Since a 2016 change of ownership, the Keski-Vähälä siblings who own the brand also own the sewing factory Black Moda Portugal, Lda (NIF 508615445, Gemieira, Ponte de Lima), where most Aarre garments are designed, cut and sewn; woven items have been made there since 2024.

Swedish pioneer of automated vacuum waste collection, which installed the world’s first system in 1961. In Portugal it operates as Envac Ibéria, S.A. (NIF 980114454) from an office at Av. D. João II 50, Lisbon, and holds a €5.0 million Lisbon municipal contract (December 2024) to operate and maintain the pneumatic waste network it built in Parque das Nações.