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CybAero's Overview

Total employees45
HeadquartersLinköping
Founded2003

CybAero AB was a Swedish technology company that designed, developed, and manufactured Remotely Piloted Aircraft Systems (RPAS), commonly known as drones. Their flagship product was the APID 60, an autonomous unmanned helicopter intended for a variety of civil, commercial, and military applications, including surveillance, reconnaissance, and inspection. Founded in 2003 as a spin-off from Linköping University research, CybAero aimed to be a leader in the vertical take-off and landing (VTOL) UAV market. Despite securing some significant orders and partnerships, the company faced financial challenges and ultimately filed for bankruptcy in June 2018. Its intellectual property and assets were subsequently acquired.

Where is CybAero's Headquarters?

HQ Function

The Linköping headquarters served as the main center for CybAero's operations, including research and development, engineering, manufacturing and assembly of its unmanned helicopter systems, flight testing, as well as corporate management and administration.

Notable Features:

Located within Mjärdevi Science Park, a prominent technology hub in Sweden. This facility likely included specialized workshops, labs for avionics and systems integration, and potentially hangar space for UAV assembly and ground testing.

Work Culture:

As a company in the cutting-edge field of autonomous aerial vehicles, the work culture at CybAero likely emphasized innovation, technical excellence, and collaborative problem-solving. Employees, largely engineers and technical specialists, would have worked in a dynamic and challenging environment focused on pioneering new technologies.

HQ Significance:

Linköping is a critical aerospace and technology center in Sweden, home to major players like Saab AB and Linköping University. This location provided CybAero with access to a skilled talent pool, R&D partnerships, and a supportive ecosystem for high-tech development.

Values Reflected in HQ: The headquarters' location in a leading science park reflected CybAero's commitment to innovation, technological advancement, and collaboration within Sweden's high-tech community.

Location:

While its core R&D and manufacturing were based in Sweden, CybAero pursued a global market strategy. Its global functions included international sales and marketing, establishing partnerships for distribution and local support (e.g., in China with AVIC), participation in major international aerospace and defense exhibitions, and deploying its APID 60 systems for demonstrations and client projects in various countries. The subsidiary in the UAE (CybAero GSS) was key to its presence in the Middle East.

Street Address:

Teknikringen 8

City:

Linköping

State/Province:

Östergötland County

Country:

Sweden

CybAero's Global Presence

Abu Dhabi, UAE

Address: Masdar City (or similar business district), Abu Dhabi

To serve as a strategic regional hub for CybAero, enabling closer engagement with clients and partners in the important MENA market, and to tailor solutions for regional requirements.

Buying Intent Signals for CybAero

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of CybAero

As of April 2025, CybAero' leadership includes:

Mikael Hult - Former CEO
Tommy Magnusson - Former CEO (appointed 2017)
Rolf Schytt - Former Acting CEO / Head of Operations
Andreas Gising - Former CTO

Investors of CybAero

CybAero has been backed by several prominent investors over the years, including:

Public shareholders on Nasdaq First North Stockholm (company was publicly listed)
Crede Capital Group (involved in financing arrangements)
ACC Aero Sarl (was a significant shareholder)
Various private and institutional investors during its operational years

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits1

CybAero experienced notable leadership transitions, particularly in the years leading up to its bankruptcy in 2018. As the company ceased operations, 'last 12 months' executive news is not applicable in the current context; this section reflects key historical changes.

Departures

Mikael Hult, Mikael Hult resigned as CEO.

New Appointments:

Tommy Magnusson, Tommy Magnusson appointed as new CEO.
Rolf Schytt, Rolf Schytt transitioned to Acting CEO from Head of Operations.

Technology (Tech Stack) used by CybAero

Discover the tools CybAero uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

CybAero Email Formats and Examples

While CybAero is no longer operational and its email domain (cybaero.se) is inactive, its historical email format likely followed common Swedish corporate patterns. This typically involved a combination of first name and last name, or first initial and last name.

[first].[last]@cybaero.se or [first_initial][last]@cybaero.se

Format

e.g., mikael.hult@cybaero.se or mhult@cybaero.se

Example

0%

Success rate

News and media

Reuters / Business Wire (widely reported)2014-07-02

CybAero Secures Landmark Order from China's AVIC

CybAero announced a framework agreement with Aviation Industry Corporation of China (AVIC) for the delivery of at least 70 APID 60 unmanned helicopter systems over eight years, an order valued at approximately SEK 700-800 million (around USD 100 million at the time). This was considered a major breakthrough for the company....more

CybAero Press Release / Cision2017-05-30

Mikael Hult Resigns as CEO of CybAero

CybAero announced that CEO Mikael Hult had decided to resign from his position. The board initiated a search for a new CEO. Hult had been CEO since 2011....more

CybAero Press Release / Cision2018-06-12

CybAero AB (publ) Files for Bankruptcy

CybAero AB announced that the company had filed for bankruptcy with the Linköping District Court. This decision was made after prolonged efforts to find a sustainable financing solution for the company's operations failed....more

Shephard Media / Industry News2018-08-29

CybAero Assets Acquired by Mannarino Systems & Software

Canadian aerospace engineering firm Mannarino Systems & Software Inc. announced the acquisition of the intellectual property (IP) and certain assets of the bankrupt Swedish UAV manufacturer CybAero. The acquisition included the APID helicopter technology....more

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