Delivering according to strategy

HAKI Safety has followed and delivered on the strategy of building an industrial group based on the well-established Swedish brand HAKI. The strategy transformation has been profound, and the conglomerate officially ceased with the name change to HAKI Safety in December 2023.

In parallel, the Group has transformed HAKI from being a system scaffold supplier to offering a wide range of safety solutions at temporary workplaces.

The Group’s focus is on developing customer offerings in the area of safety products and solutions that create safe working conditions at temporary workplaces.

Through acquisitions, the Group has broadened both its product offerings and its geographical presence, making it less sensitive to economic fluctuations in individual industrial sectors.

Favourable global trends

Overall, HAKI Safety’s market is driven by a number of underlying trends that create opportunities for growth.

Population growth
The UN estimates that the population will grow from around eight billion to almost ten billion by 2050. With population growth comes the need to improve and expand infrastructure, initiate new sustainable energy and industrial initiatives, and make both residential and commercial buildings more efficient. Increasing urbanisation leads to densification of inner city environments, which requires work at high heights, with the associated additional safety requirements. By law, working conditions must be safe for people working in or moving about at temporary workplaces, whether it be new construction or maintenance of a tunnel or skyscraper.

Increasing demands for safe worksites
Occupational health and safety is a key element of the Action Plan of the European Pillar of Social Rights, adopted at the Lisbon Social Summit in 2021. At the EU level, there is legislation on minimum standards for the protection of workers, but Member States may have stricter regulations. A growing number of Member States are also increasing safety requirements for workplaces in their respective countries to ensure that no one is injured or killed on the job.

Contributes to a sustainable society

Sustainable workplaces, referring to safe workplaces, are at the heart of all of HAKI Safety’s activities, and the Group’s safety solutions are the result of decades of experience and knowledge. 

Furthermore, the Group contributes to the circular economy by designing its products for long life and easy recycling. New products are also compatible with older ones to minimise waste. By using efficient production methods, such as robotic welding, HAKI Safety saves energy, reduces waste and ensures a safe working environment. 

The safety aspect applies not only to the products and solutions that the Group offers its customers but also to the internal culture of HAKI Safety. Moreover, the Group strives to be a model of ethics and equality in its industry.

Market with business opportunities

HAKI Safety conducts a pronounced and active acquisition work and continuously evaluates acquisition candidates that may be driving forces in safety and have clear synergies with existing operations. The work zone safety market is fragmented, and there are good opportunities for HAKI Safety to consolidate it.

The acquisition ambition is to make one to two acquisitions per year.

Long-term principal owners

HAKI Safety has long-term principal owners who have been instrumental in the Group’s strategic transformation from a conglomerate to today’s industrial group focused on safety products and solutions. The owners’ commitment, networks and expertise contribute to the Group’s stability and enable the acceleration of its growth.