Dovre Group

What Dovre Group does

Dovre Group Oyj is a Finnish public limited company listed on Nasdaq Helsinki, headquartered in Espoo, Finland, with the CEO based in Oulu. Founded in 1984, the group historically provided advisory services, project management solutions and professional project personnel across the Nordics and select international markets. Following the January 2, 2025 sale of its Project Personnel and Norwegian consulting businesses to Sweden's NYAB AB for approximately EUR 34 million — entities that had represented over 50% of group turnover — Dovre strategically repositioned around industrial-scale renewable energy development.

Dovre now operates as a two-pillar platform. The Renewables pillar bundles Renetec (developer of industrial-scale green energy capacity), Suvic (Finnish wind and solar project development and construction) and eSite/Industrial VR (reality-capture visualization for construction and energy sites). The Consulting pillar is Proha, which provides project management best-practices advisory. The operating model is project-based, direct engagement with enterprise clients in the renewable energy sector in the Nordics, primarily Finland, with sub-brands functioning as standalone units under the Dovre Group parent; pricing and contract terms are not publicly disclosed.

Revenue mechanics are project-driven: large industrial renewable builds generate development and construction fees through Renetec and Suvic, augmented by consulting engagements from Proha and visualization/VR services from eSite. Headcount is 101-250 employees. Group leadership is in active transition: Timo Saarinen became acting CEO and interim CFO on November 22, 2025, succeeding Sanna Outa-Ollila; the Board was reconstituted at the November 25, 2025 EGM with Kalervo Rötsä as Chairman and Aaron Michelin as Vice Chairman. Company guidance is explicit that 2025 net sales and operating profit will decline versus 2024. The largest disclosed shareholder is board member Ilari Koskelo, with 7,745,887 shares; no controlling shareholder exists.

Name

Dovre Group

Legal name

Dovre Group Oyj

Website

https://dovregroup.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

Dovre Group Oyj is a Finnish public company focused on industrial-scale renewable energy project development and consulting in the Nordics, operating through Renetec, Suvic, and Proha subsidiaries following the 2025 divestiture of its legacy Project Personnel and consulting businesses.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development and Construction

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Management Consulting Services (54161), Environmental Consulting Services (54162)

SIC

Services-Engineering Services (8711), Services-Management Consulting Services (8742)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)

Keywords

• Renewable energy development
• Project management consulting
• Industrial energy construction
• Wind and solar projects
• Green energy solutions

Headquarters

HQ city

Saint John's

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Development: Following the sale of its Project Personnel and Norwegian consulting businesses (which represented over 50% of turnover), Dovre Group shifted focus to renewable energy development through its Renetec and Suvic subsidiaries, developing industrial-scale green energy capacity.

Distribution channels1 record

Marketing channels1 record

Core offering

Dovre Group provides renewable energy project development and construction services, focusing on industrial-scale wind and solar energy projects in the Nordics through its Renetec and Suvic subsidiaries. The company also offers project management consulting and best-practice solutions through its Proha unit, and reality capture / industrial VR technology through eSite. Following the January 2025 divestiture of its Project Personnel and Norwegian consulting businesses to NYAB AB, Dovre Group is repositioned as a pure-play renewable energy development and construction company.

Product overview

Dovre Group operates as a portfolio of renewable energy development and project management businesses following the sale of its Management Consulting and Project Personnel segments. The company consists of two primary business units: Renewables (Renetec, Suvic, and eSite for industrial VR) focused on industrial-scale green energy development and construction, and Consulting (Proha) providing best practices project management solutions. The product architecture is organized as a platform-plus-subsidiary model where Renetec serves as the core renewable energy developer, supplemented by Suvic for Finnish market project development and eSite for visualization technology. Proha operates independently as the consulting sub-brand. The company has undergone strategic repositioning, divesting over 50% of its former turnover to focus on green energy development and construction services.

Differentiator

Problem solved

Functional benefit

Brands

• Proha: Best practices and effective project management solutions
• Renetec
• Suvic

Products and services

• Proha Consulting Best practices and effective project management solutions, operated as a standalone consulting business unit within Dovre Group for complex project engagements.
• Renetec Renewable Energy Development Developer of industrial-scale green energy capacity, representing Dovre Group's core renewable energy project development offering.
• Suvic Renewable Energy Construction Finnish renewable energy project development and construction company focused on wind and solar energy projects in Finland.
• eSite Industrial VR (Reality Capture) Industrial virtual reality solutions provider offering reality capture technology for construction and energy sector visualization.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NYAB ABmajorStrategic or Co-development Partner · 20 November 2024NYAB AB acquired Dovre Group's Project Personnel and Norwegian consulting businesses for approximately EUR 34 million. The transaction included client contracts and personnel, and was expected to close around January 2, 2025. The sold entities represented over 50% of Dovre's turnover. This sale was part of Dovre's strategic shift towards green energy.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• European Energy A/S: Danish developer of renewable energy projects including onshore and offshore wind, solar, and Power-to-X across Europe. Comparable renewable developer with similar end-markets to Renetec/Suvic.
• NYAB AB: Swedish infrastructure and energy construction company that acquired Dovre's Project Personnel and Norwegian consulting businesses for EUR 34M in Jan 2025. Directly comparable as a Nordic-focused energy and infrastructure EPC with overlapping customer base.
• Cloudberry Clean Energy ASA: Nordic renewable energy developer listed in Oslo, developing and operating wind, solar, and hydro assets in Norway, Sweden, and Denmark. Comparable pure-play Nordic renewables developer.
• OX2 AB: Nordic renewable energy developer focused on onshore and offshore wind and solar project development across the Nordics and Europe. Closely comparable to Renetec's industrial-scale green energy development mandate.
• Eolus Vind AB: Swedish wind power project developer that develops, builds, and divests wind farms in the Nordics, Europe and the US. Highly comparable business model to Renetec in industrial-scale wind development.

Broad incumbents

• AFRY AB: Swedish engineering, design and consulting firm with deep Nordic presence across energy, infrastructure and process industries. Comparable to Dovre's combined Proha consulting and renewable advisory activities.
• Ramboll Group A/S: Danish-headquartered engineering, architecture and consulting company with strong Nordic renewables practice. Comparable as a broad Nordic engineering and energy consultancy.
• Sweco AB: Swedish engineering and design consultancy operating across the Nordics, including energy and renewables advisory. Comparable to Proha's project management consulting capability.
• WSP Global Inc. Global professional services firm with a sizable Nordic engineering and energy practice. Comparable to Dovre's engineering services footprint across renewable and infrastructure projects.

Regional players

• Wärtsilä Corporation: Finnish-listed technology company serving the marine and energy markets with power plant and energy storage solutions. Comparable Finnish-listed energy technology peer with overlapping investor base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Dovre Group