Etteplan
Nasdaq Helsinki-listed engineering company with an embedded and IoT unit serving industrial clients
What is Etteplan?
Etteplan is a Finnish engineering services company with around 3,800 to 4,000 staff in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Its Software and Embedded Solutions unit develops embedded software, electronics and IoT systems for industrial manufacturers. In March 2026 the company finished change negotiations in that unit covering 336 people in Finland and cut up to 28 jobs. It also does mechanical engineering and technical documentation, which is useful when a product needs more than electronics.
Etteplan works primarily with clients in Industrial equipment, Energy, Healthcare, Automotive sectors. What sets it apart: Mechanical, electrical and embedded engineering in one listed company.
Etteplan tech stack and services
| Service area |
|---|
| Electronics & PCB |
| Firmware |
| Wireless Connectivity |
| IoT Cloud |
| Manufacturing Support |
Etteplan pricing
Short answer: Etteplan uses a time and materials, fixed price, managed service pricing approach. Minimum engagement is not publicly disclosed; a discovery call is required.
| Engagement model | Typical range | Best for |
|---|---|---|
| Fixed project | Quoted per project | Well-defined scope |
| Managed service | Variable; depends on team size | Large programmes or team augmentation |
| Time and materials | Variable; depends on team size | Large programmes or team augmentation |
Etteplan pros and cons
| Advantages | Things to consider |
|---|---|
| +Can handle mechanical design and documentation as well as electronics | -Cut up to 28 jobs in its embedded unit in Finland in March 2026 |
| +Public listing gives transparency on finances | -Heavier process and overhead than boutique IoT firms |
| +Large Nordic industrial client base |
Etteplan vs alternatives
How Etteplan compares to the other top IoT Development companies.
| Company | Best for | Main difference | Rating | Compare |
|---|---|---|---|---|
| Lemberg Solutions | Connected products needing hardware, firmware and cloud. | Electrical engineering, FPGA, RTOS and embedded Linux work alongside cloud, data and app teams in one company | 4.8 | Full comparison |
| Softeq | US companies wanting a domestic full-stack IoT partner. | Nearly three decades of US-led engineering, with custom hardware and firmware under the same roof as cloud and apps | 4.6 | Full comparison |
| Promwad | Mass-produced electronics, Linux and FPGA designs. | Two decades designing devices for volume production, with offices across five EU countries | 4.5 | Full comparison |
| Witekio | Embedded Linux, board support and device updates. | Embedded software specialist backed by Avnet's component supply chain | 4.4 | Full comparison |
| ByteSnap Design | UK hardware projects, ATEX and EV charging. | UK-based board and firmware design with services that continue after the product ships | 4.4 | Full comparison |
| Cambridge Consultants | Novel sensing and wireless, first-of-a-kind devices. | Scientists and engineers able to invent the technology a product needs, not just integrate existing modules | 4.4 | Full comparison |
| Zühlke | Regulated connected devices, medtech. | Swiss quality processes applied to connected medical and industrial products | 4.3 | Full comparison |
| Bluefruit Software | Embedded software for medical and scientific devices. | Employee-owned embedded software team with a strong testing culture | 4.3 | Full comparison |
| Sirin Software | Firmware and IoT apps at Ukrainian rates. | US contracting with a Kyiv embedded team | 4.2 | Full comparison |
| Indeema Software | IoT-focused boutique, firmware plus cloud. | A company built around IoT from day one, with its own R&D hub | 4.2 | Full comparison |
| Integra Sources | Budget hardware and firmware for start-ups. | Electronics design and firmware at some of the lowest rates on this list | 4.2 | Full comparison |
| Very | Funded US product teams, platform-heavy IoT. | US-only distributed team with strong product management and platform engineering | 4.2 | Full comparison |
| Jaycon | Design plus manufacturing from one vendor. | Takes a device from industrial design to production runs, including enclosures | 4.1 | Full comparison |
| Embitel Technologies | Automotive and connected-vehicle IoT. | Automotive embedded engineering backed by Volkswagen Group ownership | 4.1 | Full comparison |
| Spyrosoft | Embedded and automotive teams at Polish rates. | Large embedded and automotive teams inside a listed Polish group | 4.1 | Full comparison |
| N-iX | IoT platforms needing large data and cloud teams. | Big cloud and data bench to put behind a device programme | 4.1 | Full comparison |
| Intellias | Connected vehicles, navigation and infotainment. | Automotive connectivity work recognised by Frost & Sullivan and BlackBerry | 4.0 | Full comparison |
| SoftServe | Cloud IoT platforms and digital twins. | Cloud partner depth and large teams for IoT data platforms | 4.0 | Full comparison |
| Sigma Software | Embedded and cloud teams under Swedish ownership. | Scandinavian governance with Ukrainian and Polish embedded engineers | 4.0 | Full comparison |
| Cogniteq | IoT MVPs with an EU-based vendor. | Mid-sized EU vendor that covers IoT apps and some hardware engineering | 4.0 | Full comparison |
| MobiDev | IoT apps with AI or AR features. | Combines IoT software with computer vision and AR skills | 3.9 | Full comparison |
| ScienceSoft | IoT dashboards and business-system integration. | Long software consulting history applied to IoT monitoring platforms | 3.9 | Full comparison |
| GlobalLogic | Large industrial IoT programmes, Hitachi ecosystem. | Chip-to-cloud engineering backed by Hitachi's industrial portfolio | 3.9 | Full comparison |
| Tata Elxsi | Software-defined vehicles, set-top boxes, large teams. | Design and embedded engineering at Indian rates with Tata Group backing | 3.9 | Full comparison |
| Capgemini Engineering | Global manufacturers, compliance-heavy programmes. | The largest engineering bench on this list, with factory and operational technology expertise | 3.9 | Full comparison |
| L&T Technology Services | Engineering capacity for industrial and medtech OEMs. | Large engineering R&D capacity with industrial group backing | 3.8 | Full comparison |
| Cyient | Engineering outsourcing for aerospace and rail OEMs. | Broad engineering services with embedded work for heavy-industry clients | 3.8 | Full comparison |
Etteplan FAQ
What is Etteplan?
Nasdaq Helsinki-listed engineering company with an embedded and IoT unit serving industrial clients
How much does Etteplan charge?
Etteplan uses time and materials, fixed price, managed service pricing. Minimum engagement is not publicly disclosed. A discovery call is required to get project-specific quotes.
What tech stack does Etteplan use?
Etteplan works with Embedded C/C++, Embedded Linux, PCB design, Azure IoT, Industrial protocols, Qt. Primary industries served include Industrial equipment, Energy, Healthcare, Automotive.
Is Etteplan right for enterprise?
Industrial machinery makers, Nordic buyers. 3,500–4,000 team size. Main consideration: Cut up to 28 jobs in its embedded unit in Finland in March 2026.
What are the best Etteplan alternatives?
The best alternatives to Etteplan depend on your use case. Top options are:
- Lemberg Solutions: electrical engineering, fpga, rtos and embedded linux work alongside cloud, data and app teams in one company
- Softeq: nearly three decades of us-led engineering, with custom hardware and firmware under the same roof as cloud and apps
- Promwad: two decades designing devices for volume production, with offices across five eu countries
Compare Etteplan with other IoT Development companies
Verify all details directly with Etteplan before making a decision.