A Fractio publication

Swedish Companies in Portugal

The definitive directory of Danish companies operating in Portugal — 52 profiles and growing. From JYSK's 40-store retail expansion and Carlsberg's Super Bock stake to Maersk logistics, Coloplast medtech, and Too Good To Go's 2M+ Portuguese users — Denmark is one of the fastest-growing Nordic investors in Portugal.

70+ Swedish companies
Sweden → Portugal
IKEA 4 stores + HQ
Volvo regional office
Danish (52) Norwegian (26) Finnish (22) All Nordic (170)
Securitas
Security

Leading security services provider. Largest Swedish employer in Portugal.

Employees: 4,470
HQ: Stockholm
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IKEA
Retail

Retail stores and manufacturing across Portugal.

Employees: ~5,000
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Boliden
Mining

Neves-Corvo copper-zinc mining operation in Alentejo.

Employees: 1,324
Investment: €430M+ (2020-24)
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Diaverum
Healthcare

Dialysis services across Portugal.

Employees: 1,618
Centers: 28
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Essity
Retail

Hygiene and health products manufacturing.

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Ericsson
Technology

Telecommunications and R&D services.

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Volvo Car
Automotive

Premium automotive sales and distribution.

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AB Sagax
Real Estate

Lisbon property investments (8 properties).

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Atlas Copco
Mining

Industrial equipment and compressors.

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SAAB
Defense

Defense and aerospace solutions.

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H&M
Retail

Global fashion retailer with multiple stores.

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Autocirc
Automotive

Automotive circular economy (SVP Auto acquisition).

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CTS Group
Data Centre Engineering

Norwegian-headquartered data-centre EPC group (~€900M 2024 turnover). CTS Europe HQ in Lisbon (Parque das Nações) with 50+ engineers; majority stake in Porto-based BIMMS; project sites in Leiria, Barcelos, Sines.

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Swedish Match
Retail

Tobacco and nicotine products via Tabaqueira.

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Nimblr
Technology

Cybersecurity startup in Lisbon (2022).

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Universal Kraft
Energy

Solar and green energy projects.

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ASSA ABLOY
Security

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

Location: Águeda
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Stora Enso
Manufacturing

Forest products and biomaterials. Owns forest holdings in Portugal.

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Alfa Laval
Manufacturing

Heat transfer, separation and fluid handling equipment.

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Sandvik
Mining

Mining and rock drilling technology and equipment.

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ABB
Technology

Electrification, robotics and industrial automation.

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Electrolux
Manufacturing

Home appliances and professional kitchen equipment.

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Hultafors Group
Manufacturing

Professional tools, workwear and personal protection.

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KEO International
Services

Engineering and architectural consulting. Lisbon office since 2023.

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Fastighetsbyrån
Real Estate

Real estate brokerage for Nordic buyers in Portugal since 2014.

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SKF
Manufacturing

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

Location: Amadora
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Scania
Automotive

Heavy trucks and buses. Dealer operations in Vialonga, EV logistics partnership with IKEA.

Location: Vialonga
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Trelleborg
Manufacturing

Polymer sealing solutions for aerospace, automotive and industrial applications.

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Klarna
Financial

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

Location: Lisbon
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Oriflame
Retail

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

Location: Lisbon
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Tetra Pak
Manufacturing

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

Location: Carnaxide
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Husqvarna
Manufacturing

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

Location: Rio de Mouro
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Verisure
Security

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

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Trustly
Fintech

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

HQ: Stockholm
Location: Lisbon
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Kinnevik
Investment

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

HQ: Stockholm
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Lindab
Construction

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

HQ: Båstad
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Mölnlycke Health Care
Healthcare

World-leading wound care and surgical products manufacturer. Operates Mölnlycke Health Care LDA from Matosinhos, serving the Portuguese healthcare market.

HQ: Gothenburg
Location: Matosinhos (Porto)
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Spotify
Technology

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

HQ: Stockholm
Location: Lisbon, Porto
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Epiroc
Mining

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

HQ: Stockholm
Location: Aljustrel, Alentejo
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Nordic Capital
Private Equity

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

HQ: Stockholm
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GANT
Retail

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

HQ: Stockholm
Location: Lisbon, Porto
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EQT Partners
Private Equity

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

HQ: Stockholm
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Sweco
Engineering

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

HQ: Stockholm
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Getinge
Healthcare

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

HQ: Gothenburg
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SSAB
Manufacturing

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

HQ: Stockholm
Location: Vale de Santarém
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Sobi
Pharma

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

HQ: Stockholm
Location: Lisbon
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Nederman
Manufacturing

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

HQ: Helsingborg
Location: Lisbon
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Recipharm
Pharma

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

HQ: Stockholm
Location: Odivelas, Queluz, Oeiras
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Stegra
Green Steel

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.

HQ: Stockholm
Location: Sines (planned)
Investment: Up to €2.7B
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CorPower Ocean
Wave Energy

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.

HQ: Stockholm
Location: Viana do Castelo
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Polestar
Electric Vehicles

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.

HQ: Gothenburg
Location: Lisbon, Porto, Faro
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Hexagon AB
Precision Tech

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

HQ: Stockholm
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Voi Technology
Micromobility

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.

HQ: Stockholm
Location: Lisbon, Porto
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Volvo Group (Trucks & Penta)
Commercial Vehicles

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.

HQ: Gothenburg
Location: Nationwide (via Nors)
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Arelion
Telecommunications

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.

HQ: Stockholm
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Svea Solar
Solar Energy

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.

HQ: Stockholm
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Systemair
HVAC & Ventilation

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.

HQ: Skinnskatteberg
Location: Maia (Porto)
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Dometic
Mobile Living

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.

HQ: Stockholm
Location: Carcavelos
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Munters
Climate Solutions

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.

HQ: Stockholm
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NCAB Group
PCB Manufacturing

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.

HQ: Stockholm
Location: Tondela
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Beijer Ref
Refrigeration & HVAC

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.

HQ: Malmö
Location: Lisbon (via Lumelco)
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Storytel
Audiobook Streaming

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.

HQ: Stockholm
Location: Online (PT storefront)
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Evolution
iGaming Technology

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.

HQ: Stockholm
Location: Lisbon (regional)
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Intrum
Credit Management

Swedish-listed credit management services group. Operates as Intrum Portugal, Unipessoal Lda from offices in Parque das Nações (Lisbon) and Porto, present in Portugal since 1997 with 200+ employees serving banks, telcos, utilities and insurers.

HQ: Stockholm
Location: Lisbon, Porto
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Nordea Asset Management
Asset Management

Asset management arm of Nordic universal bank Nordea. Runs a Portuguese office at Quinta da Fonte in Paço de Arcos (Oeiras), covering Iberian institutional and wholesale distribution of its fund range.

HQ: Stockholm / Copenhagen / Helsinki
Location: Paço de Arcos (Oeiras)
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Happy Socks
Retail

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.

HQ: Stockholm
PT presence: Manufacturing + retail
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Ferring Pharmaceuticals
Healthcare

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.

HQ: Saint-Prex (founded Malmö)
PT entity: Rua Castilho 13D, Lisbon
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Dometic
Industrial

Swedish mobile living solutions company (coolers, air conditioning, power for marine/RV/outdoor). Active in Portuguese marine and outdoor leisure market through dealer network. Supplies Portuguese boat builders and marine outfitters.

HQ: Stockholm
Location: Portuguese marine & leisure
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Systemair
Industrial

Swedish ventilation and indoor climate solutions company (Nasdaq Stockholm listed). Operates through Portuguese distributor network; products installed in Portuguese commercial and residential buildings.

HQ: Skinnskatteberg
Location: Portuguese distribution network
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Axis Communications
Network Video

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.

HQ: Lund
PT presence: Axis Academy Portugal & Iberian sales coverage
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Lantmännen Unibake
Bakery & Food

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.

HQ: Stockholm / Copenhagen
Location: Benavente (Santarém) factory
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Lindex
Fashion Retail

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.

HQ: Gothenburg
Location: Lisbon (Colombo) + expanding
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NIBE Industrier
Heat Pumps & Climate

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.

HQ: Markaryd, Sweden
Location: Solzaima – Águeda (Aveiro)
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Sectra
Medical Imaging IT

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.

HQ: Linköping
PT presence: Unilabs enterprise imaging contract
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Kinnarps
Office Furniture

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.

HQ: Kinnarp, Sweden
PT presence: Kinnarps Portugal — Lisbon showroom
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Elekta
Radiotherapy & Oncology

Swedish cancer-care technology leader (Nasdaq Stockholm listed, Stockholm & Linköping R&D). Elekta systems are installed at Hospital CUF Infante Santo in Lisbon — the hospital is listed on Elekta’s global treatment-centre directory and operates the dedicated centrogammaknife.pt Gamma Knife facility. Portuguese public and private oncology networks run Elekta linacs including the Versa HD and Infinity platforms.

HQ: Stockholm
PT presence: Hospital CUF Infante Santo — Gamma Knife centre
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Polarium
Battery Storage

Swedish lithium-ion battery energy storage specialist (Stockholm, ~400 staff). Deployed more than 700 Polarium batteries with LCPower Portugal to back up critical communications networks nationwide — one of the largest telecom battery deployments Polarium has confirmed in Iberia. Sold into European TSO, telecom and data-centre customers.

HQ: Stockholm
PT presence: LCPower Portugal — 700+ battery deployment
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Polarn O. Pyret
Children’s Fashion

Swedish children’s clothing brand (part of RNB Retail & Brands) recognised for hard-wearing outerwear and sustainability-led positioning. Operates a dedicated Portuguese market through its polarnopyret.com storefront (listed on the brand’s official Markets directory), serving Portuguese families alongside its Nordic, UK and US channels.

HQ: Stockholm
PT presence: polarnopyret.com PT market storefront
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CellaVision
Medical Imaging — Hematology

Swedish medical imaging hematology leader (Lund HQ, Nasdaq Stockholm listed). Operates a Portuguese-language market page at cellavision.com/pt-PT with a dedicated Portuguese market support manager (Daniel Gala, +351 914345217), serving laboratory and hospital customers across the country with digital cell morphology platforms.

HQ: Lund
PT presence: Dedicated PT market page & support manager
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Stena Line
Transport & Logistics

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.

HQ: Gothenburg
Corridor: Gothenburg ↔ North Sea freight
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Billerud
Paper & Packaging

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.

HQ: Solna
PT channel: BillerudKorsnäs Ibérica S.L.
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Gina Tricot
Retail

Swedish fast-fashion retailer (Borås HQ, ~145 stores across five European countries). Runs a dedicated Portuguese market storefront at ginatricot.com (PT locale) with local delivery, serving Portuguese consumers directly alongside its Nordic, German and Dutch markets.

HQ: Borås
PT presence: ginatricot.com Portugal storefront
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Catella
Real Estate Investment

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.

HQ: Stockholm
PT investment: €15.5M Carcavelos student residence
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Loomis
Cash Handling & Logistics

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.

HQ: Stockholm
PT entity: Loomis Portugal, S.A. (Linda a Velha)
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QueensLab
Software Engineering

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).

HQ: Stockholm / Gothenburg
PT presence: Lisbon subsidiary (2025)
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Sweden → Portugal: the biggest Nordic corridor

Sweden is Portugal's largest Nordic trading partner and accounts for the majority of Nordic corporate presence in the country. The 70+ Swedish companies tracked on this page span industrial giants (Volvo, Scania, ASSA ABLOY, SKF, Atlas Copco), retail (IKEA — 4 stores plus iHub in Loulé, H&M — 100+ stores), tech (Spotify's EMEA engineering teams, Klarna, Axis Communications), finance (SEB, Handelsbanken corporate presence), industrial services (Hexagon, Epiroc, Alfa Laval) and hospitality groups.

Swedish FDI into Portugal has accelerated since 2020, driven by manufacturing nearshoring (Volvo CE's Braga expansion, Scania's Lisbon regional hub), IKEA's Ingka Group acquiring Portuguese forestry and renewables assets, and a generation of Swedish founders relocating to Lisbon and Porto. The result: a Swedish corporate community in Portugal that now rivals Denmark's in headcount and exceeds it in disclosed investment.

Portuguese exporters, in turn, find Sweden the most accessible Nordic market — Swedish procurement is English-friendly, purchasing cycles are decisive, and Swedish buyers are over-represented in sectors where Portugal has global share (cork, footwear, textiles, olive oil, seafood).

For the full picture across all four Nordic countries, see the complete Nordic directory. For Portuguese companies operating in Scandinavia, see Portugal → Nordics.

Useful Resources

Swedish-Portuguese Chamber

Facilitating business since 1982.

camaralusosueca.pt →

Danish Embassy Trade Council

Supporting Danish market entry.

portugal.um.dk →

Business Sweden

Market intelligence and investment support.

business-sweden.com →

Innovation Norway

Supporting Norwegian expansion.

innovasjonnorge.no →

Business Finland

Finnish internationalization support.

businessfinland.com →

AICEP Portugal Global

Portugal's trade and investment agency.

portugalglobal.pt →

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