Granlund

What Granlund does

Granlund Oy is a Helsinki-based building services engineering (talotekniikka) consultancy and property software company founded in 1960. The firm designs HVAC, electrical, and automation systems for buildings across healthcare, retail, real estate, data center, education, and industrial sectors, serving both public-sector clients (hospital districts, municipalities) and large enterprises such as Kesko. Engineering services are delivered through approximately 30 offices in Finland plus operations in Sweden, the Netherlands, and the UK, supported by 1,730 personnel as of the 2025 annual report.

The company's software arm centers on Granlund Manager, described as the most-used property management software in Finland, which aggregates building data, maintenance workflows, energy analytics, and increasingly digital twin and IoT sensor inputs. Adjacent products include the RAVA3pro BIM-based condition assessment methodology (being incorporated into the Finnish Construction Act), Pro3 and Timbal (acquired via Derigo in October 2025), and AI-assisted energy optimization tools demonstrated in cases such as Antilooppi.

The business model combines fee-based engineering and project consulting with recurring SaaS and software maintenance revenue from Granlund Manager. ICG's June 2024 investment funded an active acquisition program that added architecture (Tähti-Set), international platform assets (Smits van Burgst in the Netherlands), and software capability (Derigo), while the December 2025 divestiture of Granlund Isännöinti narrowed focus toward higher-margin consulting and software. FY2025 revenue reached €180.7M with €15.9M operating profit and €24.2M EBITDA.

Name

Granlund

Legal name

Granlund Oy

Website

https://granlund.fi

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Granlund Oy is a 66-year-old Finnish building services engineering consultancy and property software firm, serving healthcare, retail, data center, and public-sector clients across 30 offices in Finland and Northern Europe with proprietary Granlund Manager software.

Ownership category

akta.pro rank

Product category

Building Services Engineering and Property Consulting

NAICS

Engineering Services (541330), Architectural Services (541310)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Architectural Design Services (BPAHAKAA)

akta.pro secondary industries

Construction Program Management (Multi-site/Portfolio) (IMAFAAAF), Lighting Design Services (BPAHAKAJ)

Keywords

• Building services engineering
• Energy efficiency consulting
• Property management software
• Sustainability advisory
• Construction management services

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consulting and design services: Core revenue from building services (talotekniikka) engineering design, architectural design, structural engineering, construction management, supervision, and consulting. Revenue is project-based and recurring through a large client base. Services span the entire property lifecycle.
2. Software products (Granlund Manager, Pro3, Timbal): Software licensing and subscriptions for property management, project management, and energy management. Pro3 and Timbal acquired through Derigo Oy acquisition in 2025.
3. Property management consulting: Property leadership and management consulting services.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels12 records

Core offering

Granlund designs, consults on and manages the technical systems in buildings — covering HVAC, electrical, automation, fire safety, lighting, telecom/security, and cleanroom engineering — alongside architectural, structural and construction management services. It complements these consulting services with its Granlund Manager property management software, Pro3 project management software, and Timbal energy/maintenance software, serving the full property lifecycle from design through operations.

Product overview

Granlund's product portfolio centers on Granlund Manager, a comprehensive property management software platform — the most widely used in Finland — with modular add-ons including Huoltokirja (maintenance book), PTS (planned maintenance planning), ESG reporting, Digital Twin (virtual property/IoT), and Granlund Designer (device data management). The portfolio was expanded through the November 2025 acquisition of Derigo Oy, adding Pro3 (project management software) and Timbal (Timbal Pro for renovation/budgeting + Timbal Energia for energy efficiency). Together these products cover the full property lifecycle from construction project management through operations, maintenance, and sustainability reporting.

Differentiator

Problem solved

Functional benefit

Brands

• Granlund Manager: Property management software platform covering building lifecycle management including maintenance logs (Huoltokirja), PTS planning, ESG reporting, project management, integrations, reporting, and auditing.
• Pro3
• Timbal

Products and services

• Granlund Manager Property management software platform covering the full building lifecycle including maintenance planning (huoltokirja), long-term planned maintenance (PTS), ESG reporting, construction project management, integrations, reporting and auditing. Sold to property professionals and real estate owners/operators.
• Pro3 Project management and monitoring software with ready-made templates for project delivery productivity and quality, plus a shared workspace for project participants. Acquired via Derigo Oy.
• Timbal (Timbal Pro and Timbal Energia) Construction management software suite: Timbal Pro manages renovation PTS, budgeting, property management and planned maintenance; Timbal Energia manages building energy efficiency. Acquired via Derigo Oy.
• Granlund Designer Device information database software for technical building systems management across the property lifecycle.
• Building services engineering design (talotekniikkasuunnittelu) Multi-discipline design services covering HVAC (LVI), electrical, automation, fire safety, lighting, AV/presentation technology, telecom/security, refrigeration, cleanroom, KSL, professional kitchen, and instrumentation for new and renovation projects.
• Architectural design (arkkitehtisuunnittelu) Architectural design services for new builds and renovations including healthcare, educational, commercial, residential and cultural buildings; Granlund has over 160 architects after acquisitions.
• Structural engineering (rakennesuunnittelu) Structural design services for buildings and industrial structures, including building physics and fire safety engineering.
• Construction management and supervision (rakennuttaminen ja valvonta) Construction management, supervision, project management, cost planning, 4D scheduling, commissioning and building data management for construction projects.
• Energy services (energiapalvelut) Energy design, energy projects, energy management, energy manager outsourcing, energy audits, energy certificates, energy reporting, electricity networks, reserve markets and building services optimization, including AI-driven energy mapping.
• Sustainability services (vastuullisuuspalvelut) Sustainability strategy, roadmaps, sustainability reporting, carbon footprinting, climate statements, EU taxonomy reporting, climate risk mapping, circular economy services, biodiversity assessments, environmental certifications (EPD), low-carbon roadmaps and product industry sustainability.
• Renovation services (korjausrakentaminen) Condition assessments, condition surveys, renovation design, indoor air repairs, and construction management for renovation projects.
• Property management consulting (kiinteistöjohtaminen) Property strategy, sustainability services, energy management, PTS planning, condition assessments, due diligence, maintenance book coordination, tenders, and outsourced property manager (kiinteistöpäällikkö) services, including smart building consulting.
• Investigations and surveys (tutkimukset ja kartoitukset) Condition assessments, condition surveys, indoor air studies, measurement services, simulations and analyses for buildings.

Quantifiable outcome

• Revenue growth of ~19% YoY to €180.7M in 2025 (from €152.1M in 2024)
• +6 more outcomes

Named customers21 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature10 records

Partnerships

Eleven partnerships are on record, tiered core, significant and minor.

• Derigo Oy (acquired, now part of Granlund)coreOthers · 31 October 2025Software company acquired by Granlund in October 2025. Provides Pro3 (project management software) and Timbal (maintenance and energy management software). Supports Granlund's strategy of providing digital solutions across the entire property lifecycle.
• Kauto Nikulainen arkkitehdit (acquired, now part of Granlund)significantOthers · 2 September 2025Architecture firm acquired in September 2025, bringing the number of architects at Granlund to over 100.
• Raami Arkkitehdit Oy (acquired, now part of Granlund)significantOthers · 1 September 2025Architecture firm acquired and merged into Granlund, which doubled the number of architects at Granlund. Foundation for major growth in architectural services.
• NQE Rakennetekniikka & NQE Teollisuus (acquired, now part of Granlund)significantOthers · 30 June 2025Structural engineering firms acquired in June 2025, adding high-caliber structural engineering expertise to Granlund.
• Stacon Oy (acquired, now part of Granlund)significantOthers · 1 April 2025Helsinki-based firm specializing in challenging electrical design, acquired in mid-2024. Strengthened Granlund's electrical engineering capabilities.
• FirstQ (European building services network)coreStrategic or Co-development PartnerFirstQ is a European network of building services engineering companies operating across multiple countries. Granlund has known Smits van Burgst through this network for several years, and the acquisition supports Granlund's expansion in the Netherlands and broader European market.
• Talotekniikka 2030 consortiumcoreStrategic or Co-development PartnerMulti-stakeholder research and development initiative including 11 companies, Aalto University, Tampere University, trade associations, and foundations. Aims to elevate the profile and productivity of building services engineering in Finland. Granlund was instrumental in founding the initiative.
• Building 2030 consortiumcoreStrategic or Co-development PartnerAalto University-led research consortium developing a shared vision for the construction industry's future. Focuses on the construction production chain and its development. Granlund contributes to building technology and property development aspects.
• JLL (Jones Lang LaSalle)minorStrategic or Co-development PartnerCo-published the 'Vastuullinen kiinteistö 2024' market research report — a joint knowledge product on real estate sector sustainability.
• Taloustutkimus (Finnish market research firm)minorOthersConducted the 2022 decision-maker survey on building services engineering on behalf of Granlund. 60 senior decision-makers in construction and real estate surveyed.
• Green Building Council FinlandminorStrategic or Co-development PartnerIndustry association for green buildings in Finland. Granlund's Tytti Bruce-Hyrkäs serves on the Construction Committee's presidium.

Scale indicators15 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• AFRY: Swedish engineering and design consultancy (formerly ÅF, which absorbed Pöyry) operating across buildings, energy, industry and infrastructure — overlaps Granlund directly in Nordic building services, energy consulting and industrial project work.
• Sweco: Stockholm-headquartered European engineering, design and consulting firm with strong Nordic presence across building services, architecture and energy — the closest like-for-like public peer to Granlund in terms of service mix, geography and customer base.
• White Arkitekter: Major Nordic architecture firm active in Sweden, Norway, Denmark, UK and Germany; directly comparable to Granlund's expanding architectural design practice, especially after Granlund's push to top-3 in Finland.
• Etteplan: Finnish-listed engineering and embedded systems design firm with Nordic and Northern European footprint; comparable in scale and in providing technical design services to industrial and building clients.
• Sitowise: Finnish design and consulting firm combining building design, infrastructure and digital services at similar scale to Granlund; directly competes for Finnish municipal, hospital and developer design mandates.
• Rejlers: Nordic engineering consultancy providing building services, energy and industrial design across Sweden, Finland, Norway and beyond — direct competitor for Nordic design and engineering mandates.
• Tengbom: Swedish architecture and urban planning firm with adjacent engineering and sustainability services — comparable in offering integrated design and consulting services to Nordic property owners and developers.

Broad incumbents

• Ramboll: Global engineering, architecture and consulting firm headquartered in Denmark; competes with Granlund in Nordic building services, sustainability, energy and data center work as part of a much broader portfolio.
• WSP: Global engineering professional services firm with significant Nordic operations; competes with Granlund in building services design, energy, ESG and data center advisory as one segment within a global multi-discipline practice.

Others

• Yardi: Global property management and real estate software vendor; adjacent rather than directly competing, but represents the long-term competitive benchmark for Granlund Manager as it expands beyond Finland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/GranlundOy
• Facebookfacebook.com/granlundoy
• LinkedInlinkedin.com/company/granlund

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries16 records

Funding overview

Funding rounds1 record

Investors1 record

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 Granlund