Exel Composites
Finnish manufacturer of pultruded and pull-wound composite profiles and tubes for industrial applications, listed on Nasdaq Helsinki.
- CEO / Founder
- Paul Sohlberg
- Team Size
- 501-1000
- Stage
- Public
- Total Funding
- $23.7M
- Latest Round
- Post-IPO
- Key Investors
- Publicly traded on Nasdaq Helsinki (EXL1V); Danske Bank; Nordea Bank
Technology & Products
Key Products
Pultruded composite profiles, panels and structures; pull-wound composite tubes; sheet piles; conductor cores; insulated rail joints; window and door profiles; telescoping poles; antenna radomes
Technological Advantage
Proprietary continuous pultrusion and pull-winding manufacturing processes combined with a patented antenna radome design (extended for 5G structural performance), enabling consistent high-performance composite output at scale with a global manufacturing and sales support network of over 600 employees.
Differentiation
Value Proposition
Continuous pultrusion and pull-winding manufacturing of high-performance, high-quality fiber-reinforced composite profiles and tubes for demanding industrial applications.
How They Differentiate
Focus on continuous manufacturing (pultrusion/pull-winding) vs. other composite fabrication methods, with a global sales/support network, patented radome technology, and application engineering expertise.
Market & Competition
Target Customers
Industrial OEMs and engineering firms in transportation, building/infrastructure, wind power, electrical, and machinery sectors.
Industry Verticals
Transportation, wind power, building/infrastructure, electrical distribution, telecommunications, defense, machinery/equipment
Competitors
Strongwell Corporation (US); Creative Pultrusions / Creative Composites Group (US); Fiberline Composites (Denmark)
Growth & Milestones
Growth Metrics
Revenue €103.2M (FY2025); Q1 2026 revenue €30.2M (+19.4% YoY); Order backlog €98.6M (Q1 2026); ~632 employees (2025); Listed on Nasdaq Helsinki (EXL1V)
Major Milestones
New whitepaper on sustainability and circularity (2025-2026); SUSTAINA CFM composite circularity advancement (2026); new U.S. business development manager appointment (2026); extended design patent for pultruded fiberglass antenna radomes; new appointment supporting growth in tube applications
Notable Customers
Vestas Wind Systems; KONE; major wind turbine OEMs; transportation OEMs; telecommunications infrastructure providers