Gothenburg-based Diadrom, founded in 1999, has expanded its operations from software diagnostics for vehicles to products aimed at the defence industry. The company carried out a new share issue that raised five million kronor to finance the venture.
Diadrom states that the company began by developing an aftermarket application for reading boat engines for Volvo Penta. The business subsequently expanded into the medical and automotive segments, and the company today supplies all major European automotive OEMs and their subcontractors.
The company's products handle functions in the background of vehicle software, including cybersecurity, downloading software updates, and the delivery of fault codes. Diadrom has 30 employees, of whom around 25 have expertise in mechatronics or computer science, and had a turnover of 46 million kronor in 2025.
Diadrom has been delivering to defence applications since 2012. CEO Viktor Eliasson describes the entry into the defence segment as time-consuming. "I spent around half a year simply making contacts and familiarising myself with the industry's needs. During that time I only listened, without trying to sell anything. After that, I packaged a very small but specific offering", says Viktor Eliasson in the article.
Eliasson describes the defence industry's business cycles with an analogy: "You have to start by parking your Fiat. Then you can start reversing the whole bus in. It is about long cycles where decisions take years."
The new share issue, which was carried out to optimise the investment in the defence industry, was oversubscribed by 20 per cent according to Eliasson. The company has been listed on the stock exchange since 2007 and is traded under the name DIAH on Nordic SME. Diadrom is headquartered in central Gothenburg and is now a member of FKG (Fordonskomponentgruppen).
The material above is published by a third party through Nordic Defence Sector and does not constitute editorial content from the NDS newsroom.