NCC

What NCC does

NCC AB is one of the leading construction and property development groups in the Nordic region, publicly listed on the Stockholm Stock Exchange (ticker: NCC-B) and headquartered in Solna, Sweden. The company operates through six business areas spanning three distinct business models: (1) construction and infrastructure contracting via NCC Infrastructure, NCC Building Nordics, NCC Building Sweden, and NCC Green Industry Transformation; (2) industrial operations in NCC Industry covering stone materials and asphalt production (including proprietary brands NCC Strongphalt, NCC Viaco, and NCC SnowClean winter services); and (3) commercial property development through NCC Property Development. NCC employs approximately 12,500 people across Sweden, Norway, Denmark, and Finland, and reports FY2025 revenue of SEK 58.8 billion with an order backlog of SEK 51.5 billion.

NCC delivers end-to-end construction services including buildings (hospitals, schools, offices, data centers, residential), heavy infrastructure (roads, tunnels, bridges), asphalt and stone materials, wind power facilities, and specialized offerings such as pool construction, wood construction, renovation, and the NCC Folkboende residential concept. Underlying technology is built around Virtual Design and Construction (VDC) capabilities, the NCC PDS Portal for drawing management, NCC Site Introduction (registered in the ID06 Competence Database), and the Time Out Safety Tool, all supported by supplier-facing portals for procurement and logistics coordination.

Revenue is generated primarily through project-based, multi-year contracts priced per scope and complexity, supplemented by transaction-based asphalt and stone materials supply and property development transactions. Customers are split between Nordic public-sector clients (municipalities such as Östersund, Gästrike Vatten, Fredrikstad, Svalöv, Malmö) and private enterprise across mining (LKAB), real estate development (Thylander, Chalmers Student Housing, Hiab), and industrial segments. The company is pursuing a strategic restructuring announced in February 2026 to spin off and potentially sell the Industry division to a consortium including CRH Plc and Heidelberg Materials AG, refocusing the group on construction contracting and property development.

Name

NCC

Legal name

NCC AB

Website

https://ncc.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

NCC AB is a leading Nordic construction and property development group operating across Sweden, Norway, Denmark, and Finland through six business areas covering contracting, infrastructure, asphalt and stone materials, and commercial real estate. It serves public-sector and enterprise clients with approximately 12,500 employees and SEK 58.8 billion in FY2025 revenue.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Nonresidential Building Construction (2362)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industries

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA)

Keywords

• Construction services
• Infrastructure contracting
• Asphalt production
• Property development
• Stone materials

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction and Infrastructure Contracting: Building and infrastructure project contracting conducted through four business areas: NCC Infrastructure, NCC Building Nordics, NCC Building Sweden, and NCC Green Industry Transformation. The business ties up little capital, has a strong cash flow and is project-oriented.
2. Industrial Business - Stone Materials and Asphalt: Processing operations within NCC Industry business area focusing on stone materials and asphalt production. The business mainly ties up capital in material quarries and crushed and asphalt products facilities with high fixed costs.
3. Property Development: Commercial property development conducted in NCC Property Development business area. The business ties up capital in development properties and projects in progress, is transaction-focused with greater market risk due to years required from land acquisition to delivered project.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NCC AB is a leading Nordic construction and property development company that provides end-to-end construction services across the building, infrastructure, industrial, and property development value chains. The company executes building construction (commercial, residential, healthcare, educational, data center, and office facilities), infrastructure projects (roads, tunnels, bridges), asphalt and stone materials production, and commercial property development in Nordic growth markets.

Product overview

NCC is a leading Nordic construction company organized into six business areas operating across three distinct business models: (1) Construction and civil engineering conducted through NCC Infrastructure, NCC Building Nordics, NCC Building Sweden, and NCC Green Industry Transformation; (2) Industrial operations in NCC Industry focused on stone materials and asphalt production; and (3) Property Development through NCC Property Development for commercial real estate in Nordic growth markets. The company offers comprehensive construction services spanning buildings (hospitals, schools, offices, data centers, residential), infrastructure (roads, tunnels, bridges), asphalt and stone materials production, wind power, and specialized offerings like NCC SnowClean, NCC Strongphalt, NCC Viaco, NCC Folkboende residential housing, Future Office concept, pool projects, and renovation services. NCC operates digital platforms including Supplier Portal for procurement, PDS for construction drawings, and Delivery Calendar for logistics coordination.

Differentiator

Problem solved

Functional benefit

Brands

• Binab: Construction brand under NCC Group
• Dantonit
• Haandverkerne
• Hercules
• Nybergs Entreprenad
• Carl C Fon
• Sjøentreprenøren
• Noveta
• Jakobsen & Blindkilde
• Släryds Grus och Entreprenad AB
• NCC SnowClean
• NCC Strongphalt
• NCC Viaco
• NCC Folkboende

Products and services

• NCC Infrastructure Major infrastructure construction services including roads, tunnels, bridges, and large-scale civil engineering projects across the Nordic region. Provides end-to-end project management for public and private infrastructure clients.
• NCC Building Nordics Building construction services across the Nordic region covering commercial, residential, healthcare, and educational facilities. Provides construction contracting across Norway, Denmark, Finland, and Sweden.
• NCC Building Sweden Building construction services specifically within the Swedish market, including hospitals, schools, offices, and residential projects. Focused on serving Swedish public and private sector clients.
• NCC Property Development Commercial property development in defined growth markets in the Nordic region, including office buildings, residential properties, and mixed-use developments. Acquires land, develops projects, and sells completed properties.
• NCC Industry Industrial operations focused on stone materials and asphalt production, processing raw materials for construction projects. Operates quarries and asphalt production facilities across the Nordics.
• NCC Green Industry Transformation

Quantifiable outcome

• Employee engagement rate of 8.0 out of 10, higher than other benchmark companies in the industry
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• LKABcoreStrategic or Co-development Partner · 17 June 2026NCC signed contract with LKAB for construction of new sorting plant in Vitåfors, Gällivare, Sweden with order value of approximately SEK 900 million. This is the next phase following initial groundworks valued at SEK 650 million.
• SystemairminorStrategic or Co-development Partner · 10 June 2026Partnership in Heleneholm swimming facility in Malmö where NCC serves as main contractor alongside Systemair delivering ventilation and dehumidification solutions, with Assemblin Ventilation AB.
• Assemblin Ventilation ABminorStrategic or Co-development Partner · 10 June 2026Partnership in Heleneholm swimming facility project in Malmö alongside NCC and Systemair.
• CPI (Centre for Process Innovation)coreStrategic or Co-development PartnerNCC entered formal partnership with CPI to jointly develop UK sovereign innovation capability in carbon fibre materials and scale up advanced manufacturing for aerospace, energy and defence sectors.
• VestascoreStrategic or Co-development PartnerVestas confirmed as launch partner for NCC's Large Structures Innovation Centre (LSIC), extending long-standing relationship including NCC and Bristol Composites Institute being named among Vestas' global technology partners for sustainable blade innovation.
• University of BristolcoreStrategic or Co-development PartnerNCC (part of High Value Manufacturing Catapult) and University of Bristol confirmed location of Large Structures Innovation Centre on Isle of Wight for developing large, high-performance structures with initial focus on wind energy.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Skanska AB: Swedish-headquartered construction and property development group with Nordic roots and global operations. Closest like-for-like peer in scale, business mix (construction contracting plus commercial property development) and Nordic geographic focus.
• Peab AB: Leading Swedish construction and civil engineering contractor with strong Nordic presence in building, infrastructure and asphalt/materials. Directly comparable across NCC's contracting and Industry business areas.
• Veidekke ASA: Norwegian construction, civil engineering and property development group operating across Scandinavia. Comparable in scale, Nordic footprint and combined contracting/development model.
• YIT Corporation: Finnish construction and property development company focused on housing, business premises and infrastructure. Direct Nordic peer with similar mix of building contracting and development exposure.
• AF Gruppen ASA: Norwegian construction and civil engineering contractor with operations in Sweden. Direct Nordic peer with comparable building, infrastructure and offshore/energy project exposure.

Broad incumbents

• CRH plc: Global building materials and construction solutions group, named as a potential acquirer of NCC's Industry division. Overlaps with NCC Industry in aggregates, asphalt and concrete products across Europe.
• Heidelberg Materials AG: Global building materials producer (cement, aggregates, ready-mixed concrete, asphalt). Comparable to NCC Industry's stone materials and asphalt business and identified as a potential buyer in the Industry divestiture.
• Bouygues SA: French diversified construction and media conglomerate whose Colas subsidiary is a global road construction and materials leader. Comparable in heavy civil, infrastructure and materials; identified as part of the potential Industry buyer consortium.
• Vinci SA: French global concessions and construction group with strong European infrastructure and building presence. Comparable as a large European general contractor operating across transport, civil engineering and property.

Others

• WSP Global Inc. Global engineering professional services firm active across the Nordics. Comparable as an enabling partner/competitor for the engineering and design portions of NCC's infrastructure and green transformation projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/ncc
• Facebookfacebook.com/ncc.ab
• LinkedInlinkedin.com/company/ncc
• Instagraminstagram.com/ncc_ab
• Xx.com/NCC_AB

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries7 records

Funding overview

Funding rounds5 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NCC