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About us

Our products and services are used for energy-efficiency, billing and statistics by thousands of companies around the world within district heating, water, real-estate, electricity and gas industries.

Elvaco provides open end-to-end solutions for utility metering, aiming to support our customers to develop their sustainable business. We are specialized in energy connectivity and infrastructure, from meters and sensors to cloud-based systems and services.  

"With over 30 years in the market, we have the experience and knowledge to make your metering project successful. We are looking forward  to connecting with you!"

David Vonasek, CEO Elvaco AB

David Vonasek, CEO Elvaco 

Core values



All world's meter and sensor data shall be accessible and useful.


Make important data accessible and useful by connecting meters and sensors to automate and increase efficiency of resource usage, creating economic growth and a sustainable future!


  • We keep the customer in focus and are easy to do business with
  • We are innovative and always strive to find the best solution for our customers
  • We are efficient in all we do to minimize resource usage
  • We are reliable and we are here today and in the future




Elvaco facts


Business category
Utility metering, Building Energy Efficiency

Business segments
Utilities (Electricity, district heating and cooling, gas, water), Real estate, Other industries

Europe and Middle East


Main products
M-Bus Metering Gateways, M-Bus Masters, Meter Connectivity Modules, Sensors

IoT, Cloud computing, Analytics, MQTT, Big data, Mobile Network (2G/4G/LTE), Fixed Network (Ethernet), M-Bus wired/wireless, Modbus, DLMS, LoRaWAN


>10 million meters connected to Elvaco infrastructure





Head office
Kungsbacka, Sweden

Corporate governance
CEO: David Vonasek
Chairman of the Board: Mikael Johnsson Albrektsson

Bemsiq AB, part of Investment AB Latour


The journey of Elvaco

Elvaco was founded 1984 by Vaclav Vonasek who was a dedicated entrepreneur and specialist within electronics and embedded solutions. During the first 15 years, Elvaco delivered hundreds of projects with a wide variety of technologies and customer bases. This first 15 years built up the technological experience which lead to converting the business from a consultant company to a product company.

The first products delivered to the metering business segment was in 1986. It was first a consultant business which in the end lead to our upcoming generations of products and solutions, which guided the development of the business we can see today. In the late 90's, Elvaco made a strategic choice to close down the consultant business and become a 100% product company. The next generation of Elvaco metering solutions were introduced into the market. The solution was based on 2G (GPRS) and 444 MHz radio together with the M-Bus metering protocol.

The business between 2000 and 2007 were still moderate and customers were located in the south of Sweden. In 2007, Elvaco made a new strategic change of creating solutions which should be completely open and standardized. Between 2008 and 2011, Elvaco started to deliver the new metering platform, CM Series, which opened up the business both locally and globally. Together with large meter manufacturers as partners, Elvaco started to deliver thousands of metering gateways with a rapid growth. 

To maintain stable growth and invest even more in the export market, the Vonasek family decided to find a long term investment partner to continue the successful journey. In 2014, Investment AB Latour acquired Elvaco AB. Investment AB Latour is a long term stable industrial investment company with a head office in Gothenburg. The development of the business has been even more intense together with Latour and in 2021, Elvaco has ~ 60 employees and reaches over 16 million euros in revenue.

Our business today is built on the foundations for a sustainable world and with dedicated management and employees, we are looking into the future with confidence!



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