SECO
Overview
SECO S.p.A., founded in 1979, is a technology company specializing in the development and delivery of solutions for the digitization of industrial products and processes. With its headquarters located in Arezzo, Italy, the company operates internationally, supplying various sectors such as medical, industrial automation, and transportation with its embedded computing hardware, IoT solutions, and AI applications. SECO has strategically expanded its footprint through acquisitions and innovative product developments, resulting in significant capital raised and a public listing on the STAR segment of the Italian Stock Exchange under the ticker IOT.MI.
Recent Developments
In the past couple of years, SECO has been involved in several notable developments:
- 2025: SECO announced its lineup of next-generation products featuring Intel® processors at the embedded world 2025, showcasing advancements in performance and efficiency tailored for industrial and AI-driven applications.
- 2025: As part of its strategic focus on sustainability, SECO launched a series of initiatives aimed at reducing carbon emissions across its manufacturing processes.
- December 2024: SECO and BDTA entered a long-term agreement to connect over 200,000 tobacco vending machines in Germany with IoT technologies, enhancing operational efficiency and modernizing payment solutions with age verification features.
- November 2024: SECO announced a strategic collaboration with Raspberry Pi to expand offerings in the Industrial IoT sphere, integrating its Clea software suite within Raspberry Pi OS.
- 2024: The company reported an improved gross margin to 53.0% for FY2023, up from previous years due to a favorable sales mix and a significant increase in its Clea business revenue.
- 2024: SECO partnered with NXP to deliver an optimized development environment for AI-powered devices, further integrating NXP silicon with its IoT platform.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 1979 |
| Headquarters | Arezzo, Italy |
| Founders | Daniele Conti & Luciano Secciani |
| Revenue | $198 million (2025) |
| Profits | -$24.85 million (2025) |
| Key Investors | 7-Industries Holding B.V. |
| Industry | Technology Hardware |
| Number of Employees | 839 |
Early History
SECO began its journey in 1979 with Daniele Conti and Luciano Secciani pioneering the electronics innovation landscape in Italy. Initially catering to the domestic market with a focus on automotive electronics, SECO gradually expanded its offerings to include high-tech embedded computing solutions. By the late 1980s, SECO had established itself as a reputable contractor in the electronics sector, reinforcing its presence by focusing on market demands for miniaturization and IoT solutions.
Company Profile and Achievements
SECO thrives by providing cutting-edge technologies for industrial computing and IoT, addressing a wide array of applications. Among its achievements:
- In 2012, SECO became part of the Sandvik Group, cementing its status in the sector.
- The launch of its Clea IoT platform has positioned SECO as a leader in AI-driven data analysis, catering to a diverse client base.
- SECO successfully went public in 2021, enhancing capital for further expansion and product development.
- Notable acquisitions such as Garz & Fricke Group have strengthened its European market reach, enhancing capabilities in ARM-based technologies.
Current Operations and Market Position
SECO’s current operations focus on expanding its reach in the AI and IoT sectors, leveraging its Clea platform to deliver innovative data-driven and AI solutions to enhance product efficiency. Through strategic partnerships with companies like NXP and Raspberry Pi, SECO is addressing the evolving needs of industries such as smart devices, medical equipment, and intelligent vending systems. However, while revenues are strong, SECO has been managing net losses due to substantial R&D investments aimed at long-term growth.
Conclusion
SECO stands as a prominent figure in the tech industry, driving innovation in embedded systems and IoT solutions. Its focus on sustainable and advanced technologies promises continued growth and even greater industry influence. With further investment in AI and IoT capabilities, SECO is well-positioned to meet future challenges and seize opportunities in the global market, holding promising potential for long-term success.