Rejlers

What Rejlers does

Rejlers AB (publ) is a Nordic engineering consultancy founded in 1942 in Stockholm, listed on Nasdaq Stockholm Mid Cap (ticker: REJLR) since 2003, and headquartered in Stockholm with regional headquarters in Helsinki, Oslo, and Abu Dhabi. The firm employs approximately 3,600 people and operates across Sweden, Finland, Norway, and the UAE, organised around three horizontal service lines: Energy Transition (renewables, grid modernisation, electrification, energy storage), Industry Transformation (automation, decarbonisation, digital/industrial IoT), and Future-proof Communities (transportation, water, buildings, urban infrastructure). Its in-house Sustainalyzer tool provides a proprietary sustainability assessment capability that anchors the firm's sustainability-led value proposition.

Rejlers generates revenue almost exclusively through professional-services engagements, delivered as time-and-materials or fixed-price mandates, typically structured as multi-year framework agreements with enterprise and public-sector clients. Go-to-market is enterprise field sales into infrastructure owners, energy TSOs/DSOs, telecoms, industrial operators, data-centre developers, and municipalities; disclosed client logos include Vattenfall, Ellevio, Fingrid Oyj, Svenska kraftnät, Telia Towers Finland, Skanska, atNorth, St1, Mölnlycke Healthcare, Elenia Oy, the Swedish Transport Administration, and Huddinge Samhällsfastigheter. Marketing is anchored on thought-leadership content, LinkedIn (77,000+ followers), the Rejlers Play YouTube channel, and the annual report.

The business model is people-hours-led with limited proprietary software monetisation. Growth has been a combination of organic expansion and an aggressive Nordic bolt-on M&A programme — most recently Rörkraft AS, SGM Consulting, and Future Technology AS during 2026, following Karl Knudsen (2023), Three Kings (2023), Omega Holtan (2022), and Solvina (2024). FY2025 net sales were SEK 4,741.0M with record EBITA of SEK 377.7M, and the company holds top-tier sustainability credentials including EcoVadis Platinum (top 1%, score 84/100), SBTi-validated targets, and ISO 9001/14001/27001/45001 certifications.

Name

Rejlers

Legal name

Rejlers AB (publ)

Website

https://rejlers.com

Company type

Public

Founded year

1942

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rejlers is a Nasdaq Stockholm-listed Nordic engineering consultancy, founded 1942, employing ~3,600 people across Sweden, Finland, Norway, and the UAE. It delivers energy-transition, industry-transformation, and infrastructure projects to enterprise and public-sector clients via multi-year framework agreements.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices25 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Consulting Services: Core revenue stream from providing expert engineering consulting services across energy, industry, and infrastructure sectors. Revenue generated through time-and-materials or fixed-price consulting engagements under framework agreements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Rejlers provides multi-disciplinary engineering consultancy services across three focus areas: Energy Transition (clean energy, electricity distribution, storage), Industry Transformation (automation, decarbonisation, circular economy), and Future-proof Communities (building life cycle, electrification, resilient infrastructure). Services are delivered to enterprise and government clients through multi-year framework agreements and project-based consulting mandates, supported by the proprietary Sustainalyzer sustainability assessment tool.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Transition Consulting Engineering consultancy covering clean energy production, clean heat and cooling, electricity distribution, and energy storage solutions. Helps Nordic energy producers, grid operators, and utilities decarbonise operations and integrate renewable energy.
• Industry Transformation Consulting Multi-disciplinary engineering consulting for industrial clients focused on automation and digital transformation, circular economy, decarbonisation, and resource and energy efficiency. Targets process industry, mining and metals, life science and food, chemicals, and manufacturing operators.
• Future-proof Communities Consulting Engineering services supporting sustainable community and infrastructure development, including building life cycle management, electrification, resilient networks, and safe and dependable infrastructure for public and private stakeholders.
• Buildings and Properties Engineering Engineering services across construction management, building engineering, and property development. Delivered to construction firms, real estate developers, and public real estate owners across the Nordics.
• Communication and Security Services Engineering and consultancy services covering defence and security, IT and digital solutions, and telecommunications infrastructure for public and private sector clients.
• Infrastructure and Environment Engineering Engineering services across environmental engineering, ground and water engineering, transport, tunnels and civil structures, and urban development. Serves public sector and construction clients across the Nordics.
• Technical Management Consulting Technical management consulting services complementing Rejlers' engineering practices, providing strategic and operational advisory across energy, industry, and infrastructure engagements.
• Sustainalyzer Sustainability Assessment Tool In-house developed sustainability evaluation tool used to assess and guide clients' sustainability performance. Sold as part of Rejlers' sustainability advisory offering and supported by the firm's EcoVadis Platinum and SBTi-validated credentials.

Quantifiable outcome

• EcoVadis Platinum certification - top 1% of companies assessed
• +1 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

21 partnerships are on record, tiered core and minor.

• Telia Towers FinlandcoreStrategic or Co-development PartnerExtended partnership for tower and site services in telecommunications infrastructure. Rejlers provides technical expertise for tower and site operations supporting Telia's telecom network infrastructure.
• Fingrid OyjcoreStrategic or Co-development PartnerRenewed partnership for energy metering and data services in Finland's electricity transmission sector. Long-standing collaboration supporting Fingrid's grid operations and data management.
• VattenfallcoreStrategic or Co-development PartnerFramework agreement for technical consulting services. Rejlers supports Vattenfall's energy operations with engineering expertise across multiple technical domains.
• Elenia OycoreStrategic or Co-development PartnerPartnership for quality control in electricity network construction in Finland. Rejlers provides quality assurance and technical oversight for network infrastructure projects.
• Huddinge SamhällsfastighetercoreStrategic or Co-development PartnerFramework agreement for technical consulting services to support municipal real estate and infrastructure operations in Huddinge, Sweden.
• SinfracoreStrategic or Co-development PartnerExtended framework agreement for security consultancy services. Rejlers provides specialized security expertise to support Sinfra's operations in the municipal utilities sector.
• SkanskacoreImplementation/ SI/ Consulting PartnerAgreement for design of construction documents. Rejlers contributes engineering design expertise to Skanska's construction projects.
• Swedish Transport AdministrationcoreStrategic or Co-development PartnerPlanning and design services for bypass tracks infrastructure. Rejlers provides transportation infrastructure engineering expertise.
• ElleviocoreStrategic or Co-development PartnerNew framework agreement for technical services. Rejlers supports Ellevio's electricity distribution network operations.
• Aurora Kilpilahti OycoreImplementation/ SI/ Consulting PartnerEPC project for substation development. Rejlers provides engineering, procurement, and construction support for industrial power infrastructure.
• atNorthcoreStrategic or Co-development PartnerEngineering services for data center power infrastructure. Rejlers supports atNorth's data center expansion with power systems expertise.
• Mölnlycke Healthcare OycoreStrategic or Co-development PartnerEHS, process and HVAC solutions for medical technology manufacturing. Rejlers provides environmental, health, safety, and technical process expertise.
• Delta CapacitycoreStrategic or Co-development PartnerBattery energy storage consultancy services. Rejlers provides technical expertise for energy storage project development.
• St1coreStrategic or Co-development PartnerHigh-power charging network development. Rejlers supports St1's EV charging infrastructure expansion with electrical engineering expertise.
• Karl Knudsen ASminorStrategic or Co-development PartnerNorwegian consulting firm partnership. Collaboration in the Norwegian market for technical consulting services.
• Omega HoltanminorStrategic or Co-development PartnerTechnical consulting firm partnership in Norway. Supports regional consulting capabilities.
• Three KingsminorStrategic or Co-development PartnerCybersecurity consultancy partnership. Extends Rejlers' digital security service offerings.
• Solvina ABminorStrategic or Co-development PartnerElectric power and nuclear power consultancy. Specialized expertise for energy sector projects.
• RörkraftminorStrategic or Co-development PartnerWater and wastewater infrastructure consultancy. Supports infrastructure project delivery.
• Future Technology ASminorStrategic or Co-development PartnerNorwegian engineering consultancy partnership. Extends capabilities in the Norwegian market.
• SGM ConsultingminorStrategic or Co-development PartnerFinland-based measurement and geotechnical services. Specialized field services supporting project delivery.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AFRY (formerly ÅF and Pöyry): AFRY is a leading Nordic engineering, design, and consulting firm serving energy, industry, and infrastructure clients across the Nordics and globally. It is the closest direct peer to Rejlers in terms of service portfolio (energy transition, industry transformation, infrastructure), Nordic footprint, and consulting-led revenue model — and notably Rejlers' CEO Viktor Svensson previously held senior leadership roles at AFRY.
• Sweco: Sweco is one of the largest Nordic-headquartered engineering, design, and consultancy firms with operations across energy, water, buildings, transportation, and industry. It directly overlaps Rejlers' Nordic geography, client base (utilities, municipalities, infrastructure owners), and project-based consulting model, making it a primary competitor for the same framework agreements.
• Ramboll: Ramboll is a Denmark-based global engineering, architecture, and consultancy firm with deep Nordic roots and strong positions in energy, environment, water, and infrastructure. It competes with Rejlers on Nordic utility, transport, and sustainability mandates and shares the same horizontal engineering-consulting business model.
• COWI: COWI is a Danish-headquartered engineering consultancy serving infrastructure, energy, environment, and buildings clients across Northern Europe. Its service mix, Nordic heritage, and focus on sustainability-driven infrastructure work closely parallel Rejlers' positioning.
• Norconsult: Norconsult is Norway's largest multidisciplinary engineering consultancy, with strong positions in energy, infrastructure, buildings, and industry. It directly competes with Rejlers Norge for the same Norwegian utility, transport, and energy-transition clients (e.g., grid operators, municipalities).

Broad incumbents

• WSP: WSP is a global professional services and engineering consultancy with a major Nordic presence acquired through the 2021 purchase of Pöyry-adjacent assets. It is a broader incumbent operating across transport, property, environment, and energy, often competing with Rejlers on large cross-border infrastructure and energy-transition assignments.
• Stantec: Stantec is a global engineering, architecture, and environmental consulting firm with growing Nordic exposure. While broader in scale and geography, it competes for large energy, water, and infrastructure projects that increasingly cross into the Nordic markets where Rejlers operates.

Regional players

• Multiconsult: Multiconsult is a Norway-based engineering consultancy focused on energy, infrastructure, and buildings. It is a close Nordic regional peer to Rejlers' Norwegian operations and competes for the same renewable energy, grid, and transport assignments.
• Etteplan: Etteplan is a Finland-based engineering and technical consulting firm serving industrial machinery, energy, and embedded software customers. It overlaps with Rejlers Finland on industrial transformation and energy-transition mandates in the Finnish market.

Emerging players

• Citec: Citec is a Nordic-headquartered engineering consultancy specializing in industrial engineering, energy, and technical documentation. It is an emerging peer with meaningful overlap on industrial transformation and power-generation engineering mandates in the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@rejlersplay
• LinkedInlinkedin.com/company/rejlers
• Xx.com/rejlers
• Facebookfacebook.com/rejlers

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries18 records

Funding overview

Funding rounds1 record

Investors

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

M&A12 records

Investments

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

Frequently asked questions about Rejlers