Hitachi Energy inaugurated a new 3,300 sq m factory in Smedjebacken, Sweden, to increase production of HVDC power electronic valves and power quality solutions. The factory began construction in early 2024 and was opened on 14 November 2024.

Arnon Oy acquired AB B.O. Park, a Swedish manufacturer of electric automation and pneumatic products with about EUR 2.7 million turnover in 2019, strengthening its presence in Sweden.