Best IoT Development Companies

Promwad vs Etteplan: full comparison for 2026

Quick verdict

Promwad (4.5/5) edges ahead of Etteplan (4.3/5) overall. Promwad is the better choice for mass-produced electronics, Linux and FPGA designs. Etteplan is the stronger option for industrial machinery makers, Nordic buyers. The right choice depends on your project size, budget, and required tech stack.

Promwad vs Etteplan: head-to-head summary

Criterion Promwad Etteplan
Founded 2004 1983
HQ Vilnius, Lithuania and Essen, Germany Espoo, Finland
Team size 100–150 3,500–4,000
Rating 4.5 / 5 4.3 / 5
Primary differentiator Two decades designing devices for volume production, with offices across five EU countries Mechanical, electrical and embedded engineering in one listed company
Pricing model Fixed price, time and materials Time and materials, fixed price, managed service
Min. engagement Not published Not published
Primary tech stack Embedded Linux, Yocto, FPGA Embedded C/C++, Embedded Linux, PCB design
Industries served Telecoms, Automotive, Industrial equipment, Consumer electronics, Energy Industrial equipment, Energy, Healthcare, Automotive

Promwad vs Etteplan: overview

Promwad

Roman Pakholkov started Promwad in Minsk in 2004 to design mass-produced electronics on systems-on-chip and Linux, and the company later moved its business into the EU. Its Vilnius office, opened in 2016, became a headquarters, and a German entity in Essen now serves the DACH region. Promwad reports 100+ engineers, 500+ projects, and more than 3 million devices produced by its clients. Telecoms, automotive and FPGA work are its strongest areas.

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.

Services and capabilities: Promwad vs Etteplan

Capability Promwad Etteplan
Electronics & PCB design ✓ ✓
Firmware & embedded software ✓ ✓
Wireless connectivity ✓ ✓
IoT cloud platforms ✓ ✓
Mobile & web apps ✗ ✗
Edge AI & data ✗ ✗
Prototyping & manufacturing support ✓ ✓
Dedicated team model ✗ ✗

Tech stack comparison: Promwad vs Etteplan

Framework / platform Promwad Etteplan
Embedded C ✓ ✓
Embedded Linux ✓ ✓
RTOS N/A N/A
BLE N/A N/A
LoRaWAN N/A N/A
AWS IoT N/A N/A
Azure IoT N/A ✓
FPGA ✓ N/A

Pricing comparison: Promwad vs Etteplan

Criterion Promwad Etteplan
Minimum engagement Not published Not published
Engagement models Fixed project, Time and materials Fixed project, Managed service, Time and materials
Rate transparency Not public Not public
Price tier Mid-market Mid-market

Target audience comparison: Promwad vs Etteplan

Dimension Promwad Etteplan
Best company size Startup to mid-market Startup to mid-market
Best industries Telecoms, Automotive, Industrial equipment Industrial equipment, Energy, Healthcare
Best use cases A telecoms equipment maker needs a Linux-based gateway designed for volume production., An automotive supplier needs FPGA and camera-processing work. A machinery maker wants connectivity added to a product line., An energy company needs control electronics redesigned.
Typical project type Fixed project Fixed project

Promwad vs Etteplan: pros and cons

Promwad
+ Designs with mass production in mind, including manufacturing support
+ Strong embedded Linux and FPGA skills for complex devices
+ EU entities in Lithuania and Germany simplify contracting for European buyers
- Belarusian origins may need explaining to some procurement teams, though operations have moved to the EU
- Cloud and app development are thinner than its hardware and firmware work
- Small team limits parallel projects
Etteplan
+ Can handle mechanical design and documentation as well as electronics
+ Public listing gives transparency on finances
+ Large Nordic industrial client base
- Cut up to 28 jobs in its embedded unit in Finland in March 2026
- Heavier process and overhead than boutique IoT firms

Who should choose Promwad?

A typical fit: a telecoms equipment maker needs a Linux-based gateway designed for volume production.

Two decades designing devices for volume production, with offices across five EU countries. Minimum engagement is not publicly disclosed. Works best with clients in Telecoms, Automotive, Industrial equipment, Consumer electronics, Energy.

Who should choose Etteplan?

A typical fit: a machinery maker wants connectivity added to a product line.

Mechanical, electrical and embedded engineering in one listed company. Minimum engagement is not publicly disclosed. Works best with clients in Industrial equipment, Energy, Healthcare, Automotive.

Decision matrix: Promwad vs Etteplan

Your situation Recommended choice
You need full-ownership delivery on a defined project scope Promwad
You need a large dedicated team for an ongoing programme Check each company's engagement model
Your budget is at the lower end Compare: Promwad (Not published) vs Etteplan (Not published)
You need specialist depth in a specific vertical Promwad
You want engineers added to your own in-house team Neither lists team extension; ask about dedicated teams
You need the circuit board designed as well as the firmware Promwad

Use case fit: Promwad vs Etteplan

Use case Promwad fit Etteplan fit Winner
A telecoms equipment maker needs a Linux-based gateway designed for volume production. Strong Limited Promwad
An automotive supplier needs FPGA and camera-processing work. Strong Limited Promwad
A machinery maker wants connectivity added to a product line. Limited Strong Etteplan
An energy company needs control electronics redesigned. Limited Strong Etteplan
You need custom electronics designed, not only firmware Strong Strong Both equally
You want a fixed-price first phase before a longer engagement Strong Strong Both equally

Verdict: Promwad vs Etteplan

Promwad (4.5/5) is the stronger overall choice for most IoT Development projects. Two decades designing devices for volume production, with offices across five EU countries.

Etteplan (4.3/5) is worth a look in a scenario like this: an energy company needs control electronics redesigned. If your situation matches that, Etteplan is a competitive option.

Related comparisons

Promwad vs Etteplan FAQ

Is Promwad better than Etteplan?

Promwad (4.5/5) scores higher overall, but "better" depends on your use case. Promwad's strongest advantage: designs with mass production in mind, including manufacturing support. Etteplan's strongest advantage: can handle mechanical design and documentation as well as electronics.

How do Promwad and Etteplan differ in pricing?

Promwad uses fixed price, time and materials pricing. Etteplan uses time and materials, fixed price, managed service pricing. Neither firm publishes a full rate card; a discovery call is required for project-specific quotes.

Which is better for enterprise: Promwad or Etteplan?

Etteplan is the larger team and typically the better enterprise-scale choice. For very large programmes, verify team size and compliance coverage directly with each company before shortlisting.

What are the main differences between Promwad and Etteplan?

Promwad's primary differentiator is: two decades designing devices for volume production, with offices across five EU countries. Etteplan's primary differentiator is: Mechanical, electrical and embedded engineering in one listed company. They also differ in team size (100–150 vs 3,500–4,000), minimum engagement (Not published vs Not published), and primary industries served (Telecoms, Automotive vs Industrial equipment, Energy).

Verify all details directly with each company before making a decision.