Section 01

Nordic Companies in Pakistan

66 firms tracked across Sweden, Denmark, Norway, Finland and Iceland — from anchor FDIs like Telenor, IKEA and Jotun to emerging deal-flow.

Showing 66 of 66

• Telenor Pakistan

  Telecom (Mobile)🇳🇴 Norway

  Full mobile operator — ~45M subs historically, HQ in Islamabad

  $380M

  PK / yr

• H&M

  Apparel (Sourcing)🇸🇪 Sweden

  Production office relationships with ~50 Pakistani garment suppliers

  $350M

  PK / yr

• IKEA (Inter IKEA / IKEA Supply)

  Home Goods (Sourcing)🇸🇪 Sweden

  Sourcing office relationships with 30+ Pakistani suppliers in Punjab, Sindh

  $300M

  PK / yr

• Maersk

  Shipping & Logistics🇩🇰 Denmark

  Country office in Karachi; calls at Karachi Port, Port Qasim & QICT

  $220M

  PK / yr

• Ericsson

  Telecom Equipment🇸🇪 Sweden

  Country office in Islamabad

  $95M

  PK / yr

• Arla Foods (Dano)

  Dairy🇩🇰 Denmark

  Dano powdered-milk brand sold nationwide via local distributors

  $90M

  PK / yr

• Nokia

  Telecom Equipment🇫🇮 Finland

  Country office in Islamabad; RAN/core deployments nationwide

  $90M

  PK / yr

• Jotun

  Paints & Coatings🇳🇴 Norway

  Manufacturing plant in Port Qasim, Karachi

  $70M

  PK / yr

• Tetra Pak

  Packaging Systems🇸🇪 Sweden

  Local office; installed base across dairy & juice processors

  $65M

  PK / yr

• Novo Nordisk

  Pharmaceuticals🇩🇰 Denmark

  Affiliate office in Karachi; distribution nationwide

  $60M

  PK / yr

• Wärtsilä

  Power & Marine🇫🇮 Finland

  Service hub in Karachi; installed base across IPPs and captive plants

  $55M

  PK / yr

• Yara International

  Fertilizers (Specialty)🇳🇴 Norway

  Local entity Yara Pakistan; sold its Sahiwal urea plant to Fatima Group in 2018 but stayed via specialty fertilizers

  $45M

  PK / yr

• Volvo Group (Trucks & Buses)

  Heavy Vehicles🇸🇪 Sweden

  Local assembly via Ghandhara Industries (a Bibojee Group company)

  $35M

  PK / yr

• ABB (Swedish-Swiss)

  Power & Automation🇸🇪 Sweden

  ABB Pakistan office

  $32M

  PK / yr

• SCA / Essity

  Hygiene & Tissue🇸🇪 Sweden

  Tissue & feminine care via importers and licensees

  $30M

  PK / yr

• FLSmidth

  Cement & Minerals Engineering🇩🇰 Denmark

  Engineering & after-market for Pakistani cement majors

  $28M

  PK / yr

• Vestas

  Wind Energy🇩🇰 Denmark

  Turbines installed across Jhimpir & Gharo wind corridors, Sindh

  $22M

  PK / yr

• KONE

  Elevators & Escalators🇫🇮 Finland

  Local subsidiary KONE Pakistan

  $22M

  PK / yr

• Scania

  Heavy Vehicles🇸🇪 Sweden

  Trucks & buses via local dealer network

  $22M

  PK / yr

• ECCO

  Footwear (Sourcing)🇩🇰 Denmark

  Leather & footwear component sourcing

  $20M

  PK / yr

• Saab

  Defense & Aerospace🇸🇪 Sweden

  Historic & ongoing defense engagements

  $20M

  PK / yr

• Haldor Topsoe

  Catalysts & Process Tech🇩🇰 Denmark

  Catalysts for fertilizer & refining

  $18M

  PK / yr

• Stora Enso

  Packaging & Paper🇫🇮 Finland

  Board exports via distributors

  $18M

  PK / yr

• Norfund

  Development Finance🇳🇴 Norway

  DFI co-investor in financial services & clean energy

  $15M

  PK / yr

• Metso

  Mining & Aggregates Equipment🇫🇮 Finland

  Crushers, screens & service for aggregates and mining

  $14M

  PK / yr

• Atlas Copco

  Industrial Equipment🇸🇪 Sweden

  Local subsidiary covering compressors, vacuum, mining tools

  $14M

  PK / yr

• LEO Pharma

  Pharmaceuticals (Dermatology)🇩🇰 Denmark

  Products registered & marketed via local distributors

  $12M

  PK / yr

• Grundfos

  Pumps & Water Tech🇩🇰 Denmark

  Local sales office; channel partners in Karachi, Lahore, Islamabad

  $12M

  PK / yr

• Kongsberg Maritime

  Maritime Tech🇳🇴 Norway

  Navigation, dynamic positioning & port systems

  $12M

  PK / yr

• Danfoss

  Industrial Automation & HVAC-R🇩🇰 Denmark

  Drives, compressors & district-energy components

  $11M

  PK / yr

• SKF

  Bearings & Rotating Equipment🇸🇪 Sweden

  Local distribution & engineering support

  $11M

  PK / yr

• Valmet

  Pulp, Paper & Energy Tech🇫🇮 Finland

  Rebuilds and automation for paper mills & power plants

  $10M

  PK / yr

• DNV

  Maritime & Industrial Assurance🇳🇴 Norway

  Office in Karachi

  $10M

  PK / yr

• H. Lundbeck

  Pharmaceuticals (CNS)🇩🇰 Denmark

  CNS portfolio via marketing partner

  $9M

  PK / yr

• ABB-Hitachi / formerly Strömberg legacy

  Power Equipment🇫🇮 Finland

  Transformers & switchgear via ABB Pakistan

  $9M

  PK / yr

• Sandvik

  Mining & Cutting Tools🇸🇪 Sweden

  Mining equipment, drills, tools

  $8M

  PK / yr

• Rockwool

  Insulation & Building Materials🇩🇰 Denmark

  Insulation exports to industrial & oil-and-gas projects

  $7M

  PK / yr

• Marel

  Food Processing Tech🇮🇸 Iceland

  Equipment installed at K&N's, Sabroso and other poultry/seafood processors

  $7M

  PK / yr

• Alfa Laval

  Process Equipment🇸🇪 Sweden

  Heat exchangers, separators & valves via distributors

  $7M

  PK / yr

• Konecranes

  Material Handling🇫🇮 Finland

  Port and industrial cranes

  $6M

  PK / yr

• Fiskars

  Consumer Goods (Sourcing)🇫🇮 Finland

  Surgical & cutlery sourcing from Sialkot

  $6M

  PK / yr

• Outotec (Metso Outotec)

  Minerals Processing🇫🇮 FinlandIn talks

  Process engineering for copper/gold projects

  $5M

  PK / yr

• Electrolux

  Appliances🇸🇪 Sweden

  Imported white goods via distributors

  $5M

  PK / yr

• Coloplast

  Medical Devices🇩🇰 Denmark

  Ostomy & continence products via tender + distributor

  $4M

  PK / yr

• Neste

  Renewable Fuels / Feedstock🇫🇮 FinlandIn talks

  Potential UCO (used cooking oil) feedstock buyer

  $4M

  PK / yr

• Elkem

  Silicon & Specialty Materials🇳🇴 Norway

  Silicones & alloys via distributors

  $4M

  PK / yr

• Spotify

  Digital Streaming🇸🇪 Sweden

  Launched in Pakistan February 2021

  $4M

  PK / yr

• Carlsberg

  Beverages (non-alcoholic in PK)🇩🇰 Denmark

  Non-alcoholic malt brands via importers

  $3M

  PK / yr

• Hampidjan

  Fishing Gear🇮🇸 Iceland

  Nets, ropes & trawl gear to Karachi fleet operators

  $3M

  PK / yr

• Pandora

  Jewelry (Sourcing)🇩🇰 DenmarkIn talks

  Limited component sourcing & retail aspiration

  $2M

  PK / yr

• Icelandair Cargo (codeshare)

  Air Cargo🇮🇸 Iceland

  Indirect freight via European hubs

  $2M

  PK / yr

• Statkraft (legacy SN Power)

  Hydropower🇳🇴 NorwayIn talks

  Advisory & past project equity in run-of-river hydro

  $2M

  PK / yr

• Tomra

  Recycling & Sorting Tech🇳🇴 NorwayIn talks

  Sorting equipment for recycling & food

  $2M

  PK / yr

• Marimekko

  Lifestyle Retail (Sourcing)🇫🇮 FinlandIn talks

  Limited textile sourcing

  $1M

  PK / yr

• Reykjavik Geothermal

  Geothermal Advisory🇮🇸 IcelandIn talks

  Advisory work on Balochistan/AJK geothermal

  $1M

  PK / yr

• Controlant

  Cold Chain Monitoring🇮🇸 IcelandIn talks

  Pharma cold-chain monitoring pilots

  $1M

  PK / yr

• Össur

  Prosthetics & Orthotics🇮🇸 Iceland

  Prosthetic components via local clinics

  $1M

  PK / yr

• Aker Solutions

  Oil & Gas Engineering🇳🇴 NorwayIn talks

  Past involvement around offshore studies

  $1M

  PK / yr

• Securitas

  Security Services🇸🇪 SwedenIn talks

  Brand presence via past licensing/JV discussions

  $1M

  PK / yr

• Arctic Trucks

  Specialty Vehicles🇮🇸 IcelandIn talks

  Modified 4x4 sales via importers

  $0.5M

  PK / yr

• Kerecis

  MedTech (Fish-skin grafts)🇮🇸 IcelandIn talks

  Niche burn/wound care via specialist hospitals

  $0.3M

  PK / yr

• Ørsted

  Offshore Wind / Green Energy🇩🇰 DenmarkIn talks

  Exploratory; no signed PPA yet

  $0M

  PK / yr

• Equinor

  Oil & Gas (E&P)🇳🇴 NorwayExited

  Exited deepwater exploration in 2019 (Kekra-1 dry well with ExxonMobil/OGDCL/PPL)

  $0M

  PK / yr

• Scatec

  Renewable Energy IPP🇳🇴 NorwayIn talks

  Pipeline-stage solar/wind discussions reported in press

  $0M

  PK / yr

• Klarna

  BNPL / Fintech🇸🇪 SwedenIn talks

  Watching-brief on South Asia

  $0M

  PK / yr

• EQT Partners

  Private Equity🇸🇪 SwedenIn talks

  Indirect exposure via portfolio cos with Pakistan operations

  $0M

  PK / yr