Dellner is a global, niche provider of safety-critical train connection systems for passenger rail rolling stock.

Founded 1941 in Sweden, Dellner has grown from being a small couplers producer to a global niche market leader in safety-critical components for passenger rail rolling stock. The company offers full train connection systems including couplers, gangways, hatches, dampers, and crash management systems, complemented by aftermarket services and support. The Company is headquartered in Sweden, employs approximately 950 people globally, and generated sales of approximately SEK 1.9 billion in 2018.

To Dellner Couplers

Market trends & drivers

The market is benefiting from positive secular megatrends. Couplers are safety-critical, yet represent a low share of customer’s total cost. High entry barriers due to product complexity, technical qualifications, and service network. Extensive aftersales network that makes the company local-with-locals and generates a profitable aftermarket business for 30-40 years

Investment Potential

Dellner is a resilient and uniquely positioned company in an attractive industrial segment, with clear value creation potential. EQT will support Dellner and the management team with further investments in R&D and innovation initiatives and accelerate global growth by contributing EQT’s strong industrial expertise and network of Industrial Advisors.

The investment is in line with EQT’s thematic approach of investing with the trend in businesses with positive societal impact, advancing the progress of one or more of the United Nations Sustainable Development Goals (“SDG”). Dellner contributes to society by developing products that promote and enable safe and sustainable public rail transportation and EQT will support the Company to stay in the forefront of sustainability.

Societal contribution

The icons illustrate the portfolio companies' positive societal contributions based on their solutions i.e. how their products and/or services solve key challenges expressed as the Sustainable Development Goals (SDGs)

Board of directors

Bo Risberg Chairperson
Carl Johan Renström Board member
Henrik Giver Deputy board member
Mats Svensson Board member
Peter Nilsson Board member
Andreas Knitter Board member
Viveka Ekberg Board member


Anders Lindberg CEO
Thom Mathisen CFO