NYAB
NYAB is a publicly listed Nordic construction and engineering services company serving public infrastructure, energy, mining, and industrial clients in Sweden, Finland, and Norway with a EUR 547M FY2025 revenue base and EUR 472.7M Civil Engineering backlog.
- Company typePublic
- Founded2021
- HeadquartersUtajärvi, Finland
- Headcount251–500
- GTM typeB2B
- OfferingServices
What NYAB does
NYAB is a publicly listed Nordic construction and engineering services company headquartered in Luleå, Sweden, that delivers infrastructure, energy, and industrial projects across Sweden, Finland, and Norway. The group was formed in 2022 from the merger of Finnish Skarta Group and Swedish NYAB Group, redomiciled from Finland to Sweden in June 2024, and trades on Nasdaq First North Premier Growth Market Sweden under ticker NYAB. Its service portfolio spans seven areas: engineering and specialist services, land improvement, energy construction, infrastructure construction, industrial construction, maintenance and repair, and special projects, supplemented by the acquired Dovre Solutions business in Norway for consulting and project personnel services.
The company operates as a prime contractor on large public-sector tenders, primarily with the Swedish Transport Administration (Trafikverket), Svenska Kraftnät, Fingrid, and municipalities, while serving enterprise clients such as LKAB, Vattenfall, Aibel, and Compute Nordic Finland. Notable projects include the Aurora Line 380-kilometer 400 kV transmission line between Sweden and Finland, the Isosuo 102.5 MWp solar park in Utajärvi, the North Bothnia Line railway, and a project management contract for a Mikkeli data center with potential value of around EUR 100M. Revenue is generated through project-based, quote-driven contracts awarded via competitive tenders, framework agreements, and direct negotiations, with pricing not publicly disclosed.
Financially, NYAB reported FY2025 revenue of EUR 547M and EBIT of EUR 31M (5.6% margin) with a 68% equity ratio. The Civil Engineering order backlog stood at EUR 472.7M at Q1 2026 (up 27% YoY), Q1 2026 order intake reached EUR 183.3M (book-to-bill 1.8), and the workforce numbered approximately 993 at end of Q1 2026, following the EUR 34M acquisition of Dovre Group's businesses in January 2025.
NYAB firmographics
Firmographics- Name
- NYAB
- Legal name
- NYAB AB
- Website
- https://nyabgroup.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- NYAB is a publicly listed Nordic construction and engineering services company serving public infrastructure, energy, mining, and industrial clients in Sweden, Finland, and Norway with a EUR 547M FY2025 revenue base and EUR 472.7M Civil Engineering backlog.
- Ownership category
- akta.pro rank
NYAB industry classification
Industry- Product category
- Construction & Engineering Services
- NAICS
- Power and Communication Line and Related Structures Construction (237130), Utility System Construction (2371), Engineering Services (54133), Architectural, Engineering, and Related Services (5413)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Services-Engineering Services (8711)
- akta.pro primary industry
- Rail Maintenance-of-Way (MOW) Equipment & Services (Tamping, Grinding, Renewal) (TLAJADAH)
- akta.pro secondary industry
- T&D Reconductoring, Uprating & Dynamic Line Rating (DLR) Enablement (EUAEALAH)
Keywords
Where NYAB is headquartered
LocationHeadquarters
- HQ city
- Utajärvi
- HQ country
- Finland
- HQ region
- Europe
Offices6 records
Markets served
NYAB business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Civil Engineering: Core revenue stream from infrastructure construction projects including railway, road, bridge, earthworks, and civil engineering contracts. Revenue generated through project-based contracts with public agencies and private clients, both through direct awards and framework agreements. Q1 2026 revenues of 100.1 million EUR.
- Consulting / Project Personnel Services: Through subsidiary Dovre Solutions, NYAB provides engineering and project personnel services as a Level 1 supplier, supporting Aibel's offshore and land-based projects in Norway under framework agreements.
- Project Management Contracts: NYAB signs project management contracts for complex projects such as the data center in Mikkeli, Finland, where potential total construction value could reach approximately EUR 100 million.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
NYAB product offering
Product offeringCore offering
NYAB is a Nordic construction and engineering services company that delivers engineering, construction, and maintenance services for public and private sector clients in energy and infrastructure. The company organizes its offering around seven core service areas: Engineering and Specialist Services, Land Improvement, Energy Construction, Infrastructure Construction, Industrial Construction, Maintenance and Repair Construction, and Special Projects. Through subsidiary Dovre Solutions, NYAB additionally provides project management, strategic advisory and engineering personnel services across the Nordic region.
Product overview
NYAB is a Nordic construction and engineering services company offering a comprehensive portfolio of infrastructure, energy, and industrial construction services. The company's service offering is organized around seven core service areas: Engineering and Specialist Services, Land Improvement, Energy Construction, Infrastructure Construction, Industrial Construction, Maintenance and Repair Construction, and Special Projects. NYAB operates as a unified group incorporating several acquired brands including Skarta Energy (renewable energy), Sitema (electrical networks), Niskasen Maansiirto (earthworks), and Dovre Solutions (project management and consulting services across Nordic region). The company serves both public and private sector clients across Sweden, Finland, Norway, and other regions globally.
Differentiator
Problem solved
Functional benefit
Brands
- Skarta Energy: Energy construction and renewable energy solutions subsidiary
- Sitema
- Dovre Solutions
Products and services
- Engineering and Specialist Services Expert engineering services and specialized technical consulting for complex infrastructure, energy, and industrial projects across the Nordic region. Sold to public and private sector clients undertaking capital projects.
- Land Improvement Ground preparation and land development services including earthworks, foundation work, and site preparation for infrastructure and construction projects. Sold to public agencies, energy companies and industrial clients.
- Energy Construction Construction services for energy infrastructure including power lines, substations, solar parks, and wind farms. Sold to transmission system operators (e.g., Svenska Kraftnät, Fingrid), utilities and renewable energy developers.
- Infrastructure Construction Construction of roads, railways, bridges, and other civil engineering infrastructure. Sold primarily to public sector transportation authorities such as Trafikverket and to municipalities under framework agreements and project tenders.
- Industrial Construction Construction services for industrial facilities including factories, processing plants, data centers and manufacturing facilities. Sold to private sector industrial and data center developers.
- Maintenance and Repair Construction Ongoing maintenance and repair services for existing infrastructure including roads, bridges, and public utilities, delivered under multi-year framework agreements with public sector clients.
- Special Projects Complex specialized construction projects including large-scale town and building relocations, demolition, fiber optic installation, and cultural heritage projects. Sold to mining companies (e.g., LKAB), municipalities and utilities.
- Dovre Solutions Project Management and Personnel Services Project management, strategic advisory and engineering/personnel services for complex projects across energy, infrastructure, buildings, digitalization and defence in the Nordic region. Sold to enterprise clients such as Aibel under framework agreements through 2028.
Quantifiable outcome
- 60% revenue increase in Q3 2025 driven by Civil Engineering growth in Sweden and Dovre acquisition
- +5 more outcomes
Companies that use NYAB
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
NYAB technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
NYAB partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Compute Nordic Finland OycoreNYAB Finland Oy signed a project management contract with Compute Nordic Finland Oy to develop a large-scale data center in Mikkeli, Finland. The planning and design phase commenced immediately, with earthworks potentially beginning March 2026. Potential total construction value could reach approximately EUR 100 million depending on commissioned work scope.
- Dovre Group PlccoreNYAB acquired Dovre Group Plc's businesses in Norway as well as project management operations in Asia-Pacific, North America, and the Middle East, with closing expected around January 2025. The total estimated deal value was EUR 34 million. The acquisition expanded NYAB's service offerings and geographic footprint, adding client contracts and personnel.
- AibelcoreDovre Solutions, a NYAB Group subsidiary, has a framework agreement with Aibel (Norwegian engineering and industrial company) for the supply of engineering and project personnel. The agreement was originally signed in 2023 and extended in 2026 until 2028. Dovre Solutions serves as a Level 1 supplier supporting Aibel's projects on the Norwegian Continental Shelf as well as land-based and renewable projects.
Scale indicators15 records
Recent moves9 records
Expansion highlights5 records
NYAB competitors and assessment
Company assessmentBroad incumbents
- AFRY: Sweden-based engineering, design, and advisory firm serving infrastructure, energy, and industrial clients globally (formed from ÅF and Pöyry merger). Comparable to NYAB's engineering services and competes for similar planning-phase infrastructure assignments in the Nordics.
- Sweco: Sweden-headquartered engineering, design, and project management consultancy serving infrastructure, water, energy, and industrial clients across Europe. Comparable to NYAB's engineering and specialist services arm and overlapping in design-phase assignments.
Direct peers
- Skanska: Global construction and infrastructure company headquartered in Sweden with major Nordic civil engineering operations including rail, road, bridges, and energy. Largest Nordic-listed construction peer with overlapping customer base and project types.
- AF Gruppen: Norwegian construction and civil engineering group with operations in building, infrastructure, and energy. Comparable to NYAB's Norwegian footprint via Dovre Solutions; competes for similar public infrastructure contracts.
- NCC: Swedish construction group with overlapping infrastructure, building, and civil engineering operations across the Nordics. Comparable business mix including rail, road, and energy-related construction, and competing in the same Trafikverket tenders as NYAB.
- Veidekke: Major Scandinavian construction and infrastructure contractor with civil engineering operations in Norway, Sweden, and Denmark. Comparable scale and service mix to NYAB, particularly in transport infrastructure.
- YIT: Finnish-headquartered construction group active in infrastructure, housing, and business premises across the Nordics, Baltics, and Central Europe. Overlaps with NYAB Finland Oy on civil engineering and infrastructure projects in Finland.
- Peab: One of Sweden's largest construction and civil engineering groups with strong presence in Nordic infrastructure, transportation, and energy projects. Direct competitor for Trafikverket and municipality contracts; Andreas Öhgren (NYAB's new Country Manager Sweden) joined from Peab's senior ranks.
Emerging players
- Consti: Finnish building renovation and technical services contractor with overlapping building maintenance, renovation, and repair construction activities. Comparable to NYAB's maintenance and repair construction service line in Finland.
Regional players
- Multiconsult: Norwegian engineering and consultancy firm offering project design and advisory for infrastructure, energy, and industrial clients. Comparable to Dovre Solutions' Norwegian engineering and project personnel services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
NYAB social profiles
Digital presenceNYAB compliance and trust
Trust signalCompliance1 record
NYAB financial estimates
Financial estimateRevenue estimate
Valuation estimate
NYAB leadership team
Management profileNumber of profiles
Profiles12 records
NYAB subsidiaries and ownership
Company hierarchySubsidiaries6 records
NYAB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NYAB M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NYAB
What does NYAB do?
NYAB is a Nordic construction and engineering services company that delivers engineering, construction, and maintenance services for public and private sector clients in energy and infrastructure. The company organizes its offering around seven core service areas: Engineering and Specialist Services, Land Improvement, Energy Construction, Infrastructure Construction, Industrial Construction, Maintenance and Repair Construction, and Special Projects. Through subsidiary Dovre Solutions, NYAB additionally provides project management, strategic advisory and engineering personnel services across the Nordic region.
Is NYAB a public or private company?
NYAB is a public company. It is classified as public and is currently operating.
When was NYAB founded?
NYAB was founded in 2021. It employs 251 to 500 people.
Where is NYAB based?
NYAB is headquartered in Utajärvi, Finland, in the Europe region.
How does NYAB make money?
Three revenue lines are on record. Civil Engineering is the primary driver. The others are consulting / Project Personnel Services and project Management Contracts.
Who are NYAB's main competitors?
Broad incumbents on record are AFRY and Sweco. Direct peers are Skanska, AF Gruppen, NCC, Veidekke, YIT and Peab. Consti is listed as an emerging player. Multiconsult is listed as a regional player.
Does NYAB have an API?
No public API is recorded for NYAB.
What industry is NYAB in?
NYAB's product category is Construction & Engineering Services. Its primary akta.pro industry code is TLAJADAH, Rail Maintenance-of-Way (MOW) Equipment & Services (Tamping, Grinding, Renewal), with a secondary code of EUAEALAH, T&D Reconductoring, Uprating & Dynamic Line Rating (DLR) Enablement. Its NAICS code is 237130 and its SIC code is 1623.