Norconsult AS

What Norconsult AS does

Norconsult AS is a publicly listed Norwegian multidisciplinary consulting firm (Oslo Stock Exchange: NORC) headquartered in Sandvika, Norway, providing engineering, architecture, and digital advisory services across infrastructure, energy, built environment, industry, and community development. Founded in 1929 and operating with approximately 7,200 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland, and Finland, the firm delivers services across roughly 13 service areas — including Architecture, Building and Property, Sustainable Development, Digitalization, Renewable Energy, Defense and Emergency Preparedness, Geo and Environment, Industry, Transport, Community and Urban Development, Security, and Water. Core technical methods include Building Information Modeling (BIM), model-based project execution, 3D scanning, reality capture, ROV underwater drones, electric geotechnical rigs, and cloud platforms such as ISY Prosjekt and BIMCollab; proprietary tools include LCA and climate gas calculation services, a 100% electric geotechnical rig, a custom climate-gas calculation tool for the Norwegian Coastal Administration (Kystverket), and the Rogfast Pluss sustainability framework. Revenue is generated through project-based professional service fees across public-sector tenders and private enterprise mandates, delivered via wholly-owned subsidiaries including Norconsult Digital (digital/AI transformation), Nordic Office of Architecture (400+ architects), Kjeller Vindteknikk (wind power due diligence), Technogarden (technical consulting), Norconsult Norge AS, and the recently acquired Aas-Jakobsen Group (closed June 2025, NOK 1,430 million) and Concreto AS (closed February 2024). Clients span Norwegian government agencies (Statens vegvesen, Bane NOR, Kystverket, Helse Sør-Øst RHF), regulated utilities (Statkraft, NTE, Elvia, Tussa Energi), municipal bodies, and private developers, with engagement scopes ranging from small private assignments to multi-decade national infrastructure programs such as the E39 Rogfast undersea tunnel.

Name

Norconsult AS

Legal name

Norconsult ASA

Website

https://norconsult.no

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Norconsult AS is a publicly listed Norwegian multidisciplinary consulting firm (OSE: NORC) with ~7,200 employees and 140+ offices across the Nordics and Poland, delivering engineering, architecture, and digital advisory services to government agencies, utilities, and private developers on infrastructure, energy, and built-environment projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Sandvika

HQ country

Norway

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering and Architecture Consulting Services: Norconsult generates revenue through fee-based professional consulting services across engineering, architecture, and digital consulting. Revenue is project-based, derived from both public sector tenders and private client engagements. Projects range from small assignments for private clients to large-scale infrastructure projects for government agencies.
2. Subsidiary Services (Nordic Office of Architecture, Kjeller Vindteknikk, Technogarden, Norconsult Digital): The company also generates revenue through wholly-owned subsidiaries that provide specialized services: Nordic Office of Architecture (architecture and urban planning), Kjeller Vindteknikk (wind power consulting), Technogarden (technical consulting), and Norconsult Digital (digital transformation services).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Norconsult is a multi-disciplinary engineering, architecture, and digital consulting firm delivering advisory and design services across the full lifecycle of infrastructure, energy, building, industrial, and community projects. The firm operates through a parent-plus-subsidiaries model combining ~13 core service areas (Architecture, Building and Property, Sustainable Development, Digitalization, Renewable Energy, Defense and Emergency Preparedness, Geo and Environment, Industry, Transport, Community and Urban Development, Security, and Water) with subsidiaries including Norconsult Digital, Nordic Office of Architecture, Technogarden, and Kjeller Vindteknikk. Revenue is generated primarily through fee-based professional consulting engagements with public agencies and private enterprises across the Nordic region and Poland.

Product overview

Norconsult AS is a leading Nordic multidisciplinary engineering and architecture consulting firm offering a broad portfolio of services through a platform-plus-subsidiaries model. The core offering consists of approximately 13 major service areas — Architecture, Building and Property, Sustainable Development, Digitalization, Renewable Energy, Defense and Emergency Preparedness, Geo and Environment, Industry, Transport, Community and Urban Development, Security, and Water — delivered by the parent company and its subsidiaries. Key subsidiaries include Norconsult Digital (digital/AI transformation), Nordic Office of Architecture (architecture), Technogarden (technical consulting), and Kjeller Vindteknikk (wind technology/due diligence). Notable branded products include LCA og klimagass (lifecycle assessment and climate gas services) and specialized offerings across BIM, hydropower, offshore wind, geotechnics, hydrogeology, and engineering geology. The firm operates across Norway, Sweden, Denmark, Iceland, and Poland with approximately 7,200 employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Architecture (Arkitektur)

Quantifiable outcome

• E39 Rogfast: World's longest undersea road tunnel at ~27 km, with Norconsult contributing across 24 disciplines.
• +5 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, strategic and minor.

• Tussa Energi AScoreStrategic or Co-development Partner · 13 March 2026Norconsult was appointed as advisory consultant by Tussa Energi AS for the development of the Tussa II hydropower plant in Møre og Romsdal, Norway. The assignment covers detailed design of civil works and technical contract support. The project will increase installed capacity from 60 MW to 150 MW.
• Norsk Kjernekraft ASstrategicStrategic or Co-development Partner · 30 January 2025Norconsult and Norsk Kjernekraft signed a Letter of Intent to promote the development of nuclear power in Norway. The agreement will initially facilitate collaboration that may result in concrete nuclear power projects in Norway. Norconsult will contribute its engineering, architecture, and digital expertise.
• Statens vegvesen (Norwegian Public Roads Administration)coreStrategic or Co-development PartnerNorconsult serves as engineering advisor to Statens vegvesen on major Norwegian infrastructure projects including E39 Rogfast (world's longest undersea road tunnel) and other major road and transport projects. The firm contributes across 24 disciplines on some projects.
• Bane NORcoreStrategic or Co-development PartnerNorconsult has been Bane NOR's advisor throughout the Utbygging Drammen–Kobbervikdalen (UDK) railway project, one of Norway's largest. The firm provided multi-disciplinary engineering, BIM innovation, and digital project execution support for the double-track expansion between Drammen and Kobbervikdalen.
• Elvia AScoreStrategic or Co-development PartnerNorconsult prepared concession applications and impact assessments for Elvia's replacement of ~80 km of 132 kV power lines between Åbjøra and Gjøvik, providing comprehensive technical and environmental consulting.
• Nord-Trøndelag Elektrisitetsverk (NTE)coreStrategic or Co-development PartnerNorconsult assisted NTE with the detailed design of the new Nedre Fiskumfoss power station in Grong, providing services from 2017 through to the official opening in April 2024. The project delivers 382 GWh annually, powering 50,000 households.
• Statkraft Energi AScoreStrategic or Co-development PartnerNorconsult served as advisor to Statkraft for the rehabilitation of Nesjødammen (2021-2025), covering all phases from preliminary design through construction supervision. The 1,050-meter rockfill dam required new erosion protection and a new outlet tunnel.
• Otra KraftcoreStrategic or Co-development PartnerNorconsult won the pre-project assignment from Otra Kraft for Norway's largest planned pumped-storage hydropower plant (1,000 MW) in Upper Setesdal. The project will be the largest pumped-storage facility in Norway, more than three times the capacity of the current largest at Saurdal.
• Kjeller Vindteknikk (KVT) - internal subsidiarycoreOthersKjeller Vindteknikk (KVT), a wholly-owned subsidiary of Norconsult, acted as technical advisor for NTE's acquisition of the Kvitfjell and Raudfjell wind farms (67 turbines, 288 MW). KVT provides specialist wind power consulting services.
• Helse Sør-Øst RHF / Sykehusbygg HFcoreStrategic or Co-development PartnerNorconsult provides a complete project group for Helse Sør-Øst RHF and Sykehusbygg HF for the new clinic and proton building at Radiumhospitalet in Oslo. The firm delivers all disciplines from revised sketch project through detailed design and construction follow-up.
• Norwegian companies in Gothenburg (Sweden)minorOthersNorconsult is identified as one of the largest Norwegian-owned companies operating in the Gothenburg region of Sweden, where Norwegian companies collectively employ 10,400 people as of 2024.
• Norwegian Defence Estates Agency (Forsvarsbygg)coreStrategic or Co-development PartnerNorconsult was nominated for a framework agreement with the Norwegian Defence Estates Agency for infrastructure, energy, and industry projects. The nomination was subsequently reversed following a competitor's appeal, and Norconsult is considering legal options.

Scale indicators8 records

Expansion highlights5 records

Direct peers

• Sweco AB: Sweden-based European engineering, architecture, and environmental consultancy with ~22,000 employees across Northern Europe. Closest direct peer given similar multi-disciplinary Nordic platform, comparable service mix (infrastructure, water, energy, buildings), and head-to-head competition on Nordic public infrastructure tenders.
• Rambøll Group A/S: Danish-headquartered engineering, architecture, and consulting firm with global operations. Directly comparable multi-disciplinary model with strong overlap in transport, energy, environment, and water — and direct head-to-head competition on Nordic infrastructure mandates.
• COWI A/S: Danish engineering consultancy with strong presence in bridges, tunnels, marine, and energy. Competes directly with Norconsult on complex Nordic infrastructure projects and shares similar technical specializations in geotechnics and coastal engineering.
• AFRY AB: Sweden-based engineering, design, and advisory firm formed from ÅF and Pöyry. Direct Nordic peer with strong overlap in renewable energy (especially hydropower), industrial, and infrastructure consulting.
• Multiconsult ASA: Norway-based engineering consultancy and one of Norconsult's most direct domestic competitors. Competes head-to-head on Norwegian public infrastructure, buildings, and energy projects with comparable multi-disciplinary service offerings.

Broad incumbents

• WSP Global Inc. Canadian-headquartered global professional services firm with ~70,000+ employees. Larger incumbent competing on cross-border infrastructure mandates and offering overlapping capabilities in transport, environment, and buildings — particularly relevant for projects with international scope.
• AECOM: Global infrastructure consulting firm with broad portfolio spanning transport, environment, water, and energy. Larger incumbent competing on mega-projects and offering comprehensive design, engineering, and program management services.
• Arcadis NV: Dutch-headquartered global design and consultancy firm focused on buildings, infrastructure, water, and environment. Larger European peer with overlapping capabilities and increasing Nordic presence through acquisitions.
• Mott MacDonald: UK-headquartered global engineering, management, and development consultancy. Competes on large-scale infrastructure and energy projects with comparable expertise in transport, water, and energy transition advisory.
• AtkinsRéalis: Canadian-headquartered engineering services and nuclear-focused firm. Increasingly relevant peer given Norconsult's nuclear LOI with Norsk Kjernekraft, with AtkinsRéalis offering established nuclear engineering capabilities globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/NorconsultAS
• LinkedInlinkedin.com/company/norconsult-as
• Instagraminstagram.com/norconsult
• Facebookfacebook.com/Norconsult

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Norconsult AS