Noreco, where Stig Engström was employed as an engineer, meets inventor Ulf Holmdal, who presents a twisting and tilting product for excavators. Stig sees the potential in the tiltrotator to change the world of digging.
engcon’s leading global market position is based on a story that stretches back to the mid-1980s when the tiltrotator was a new invention, and Stig Engström was convinced that this would change the excavator industry. Since engcon was founded in 1990, the business has been centred around product development and end user focus – aspects that, among other things, resulted in several awards and continues to be important pillars for the company’s future development.
At the EMEX trade fair in Stockholm, engcon presents its tiltrotator for the first time.
engcon enters into agreements with its first retailers in Norway and Denmark. The first EC15 model of the tiltrotator is delivered.
engcon is quality certified according to ISO 9000.
engcon has grown to about 100 employees and has sales of just over SEK 500 million. The financial crisis affects engcon, which responds to the crisis by focusing on reducing the costs as well as research and development. engcon becomes the first company to win Dagens Industri’s prize “Super Gazelle” (Gazelle Company for 10 years in a row).
Stig Engström wins Guldgalan’s prize “Entrepreneur of the Decade”.
engcon expands its product range and becomes the only global supplier of a complete complete solution of tiltrotators, control systems and tools. The international expansion is accelerating which begins with entry into France in 2016, gradually followed by the US, Japan, South Korea, Europe and Canada the coming years.
engcon wins the “Best Managed Company” prize from Deloitte and Nasdaq (2019 was the first time the prize was awarded in Sweden and the Company has subsequently won the same award in 2020 and 2021). engcon is also named Mästarnas Mästare gazelle – the Swedish company that has received the most DI Gazelle awards.
On 17 June, engcon made its entrance on Nasdaq Stockholm where the class B share is now trading. A major milestone for both the company, its founders and principal owners. The third generation tiltrotator is launched and presented at various trade fairs during the year. Manufacturing will commence in 2023.