Oneco

What Oneco does

OneCo is a privately held Norwegian industrial group (konsern) headquartered in Kristiansand, operating across telecom, electrical power, transport infrastructure, building and industrial automation, and welfare technology. The company delivers complete electrotechnical systems — from design through installation to ongoing operations and maintenance — for critical infrastructure including power grids, tunnels, railways, mobile networks, and public buildings. Its portfolio spans active DAS indoor mobile coverage, high-voltage work up to 420 kV, power-line construction and maintenance, building automation (SD-anlegg, EOS energy monitoring), and an ISO 27001-certified, medical-device-approved AI fall-detection product (OneCo MultiSensor) priced at 5,000 NOK/month for three sensors.

The business model is primarily project-based enterprise contracting combined with recurring frame-agreement maintenance. OneCo acts as main contractor or subcontractor to a concentrated set of large Norwegian counterparties including Telenor, Bane NOR, Statens vegvesen, Glitre Nett, Norgesnett, Elvia, Equinor, and Oslo Airport Gardermoen, with notable contract values such as approximately 72 million NOK for the Drammen Station electrotechnical installation. Distribution is direct enterprise sales supported by five regional offices across Norway and a Sweden operation. The company has wholly owned subsidiaries OneCo Networks (telecom) and OneCo Infra (road and rail).

Ownership rests with Norwegian holding company Aars, and the company has undergone multiple restructurings of its telecom subsidiary (January 2024 and April 2026) due to a declining telecom market. In May 2026 Kristin Folge was appointed CEO, succeeding Tore Sjursen who continues as board chairman; this leadership change signals a strategic emphasis on construction and property verticals. OneCo is also one of Norway's largest apprenticeship companies, training skilled workers across electrical, automation, and telecom trades, and has accumulated more than 100 completed tunnel projects and collaborations with over 40 grid companies.

Name

Oneco

Legal name

OneCo

Website

https://oneco.no

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

OneCo is a Norwegian industrial group delivering electrotechnical installation, operations, and maintenance services for critical infrastructure — telecom, power grids, tunnels, railways, and buildings — alongside an AI-based elderly-care welfare technology product, serving large enterprise and government customers across Norway.

Ownership category

akta.pro rank

Product category

Electrotechnical Infrastructure Services

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Electronic and Precision Equipment Repair and Maintenance (811210), Electronic and Precision Equipment Repair and Maintenance (8112)

SIC

Services-Computer Integrated Systems Design (7373), Electrical Industrial Apparatus (3620), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

At-Home Medical Alert Sensors & Smart Home Safety Integrations (HSAHAHAJ)

akta.pro secondary industries

Industrial Network Management & Diagnostics (OT NMS/Topology/Monitoring) (HDAFAJAI), Wi‑Fi Security, Access Control & Policy (NAC/Zero Trust for WLAN) (HDAFACAF), Network Operations Outsourcing (NOC Services) (BPAEAMAD)

Keywords

• Electrotechnical infrastructure services
• Telecom network installations
• Power grid maintenance
• Building automation systems
• Welfare technology solutions

Headquarters

HQ city

Kristiansand

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Installation Projects: OneCo serves as main contractor for large infrastructure projects including tunnels, railways, power grid installations, and telecom networks. Revenue is generated through project-based contracts with public and private customers.
2. Operations and Maintenance Services: Ongoing service and maintenance agreements with grid companies (Glitre Nett, Norgesnett) covering distribution and regional networks. Includes 24/7 emergency response and preventive maintenance.
3. Electrotechnical Services: Electrical installation services including building electrical systems, power line construction, high voltage work up to 420 kV, and electrical safety services.
4. Welfare Technology Products: Sale of health technology products including OneCo MultiSensor, digital supervision systems, and alarm software for healthcare and elderly care applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

OneCo provides system-integrated electrotechnical solutions for critical infrastructure, acting as main contractor or subcontractor for the design, installation, commissioning, and maintenance of telecom networks, power grids, tunnel and railway electrical systems, building and industrial automation, and welfare technology products. The company serves enterprise customers including telecom operators, grid companies, government entities, and municipalities through project-based contracts, long-term frame agreements, and direct sales. Its proprietary OneCo MultiSensor product provides AI-based fall detection for elderly care.

Product overview

OneCo is an industrial group providing solutions for secure and robust infrastructure across telecom, electrical, transport, and security sectors. The company's product portfolio centers on OneCo MultiSensor, an AI-powered healthcare technology product for fall prevention and care monitoring, supported by related solutions including cloud-based patient alert software (Pasientvarsling), digital camera supervision (Digitalt Tilsyn), and colleague alerting systems. Beyond healthcare technology, OneCo offers telecommunications services including indoor mobile coverage via active DAS systems, building and industrial automation solutions with smart building capabilities, and comprehensive electrical infrastructure services for power grids, tunnels, railways, and buildings. The portfolio operates as a unified suite where healthcare products connect through shared alarm management platforms, while infrastructure services span from design through installation and ongoing operations and maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• OneCo MultiSensor AI-powered multisensor device for fall prevention and detection in healthcare settings. Uses ceiling-mounted sensors with AI analysis to detect falls, monitor lying positions, and send automated text alerts to caregivers while ensuring privacy by not capturing images or video. Reduces false alarms by up to 99%.
• OneCo Pasientvarsling (Patient Alert) Cloud-based alarm software for managing alarms and events in healthcare, personal security, and smart building applications. Module-based, scalable platform with mobile/tablet access for alert management and comprehensive statistics.
• OneCo Digitalt Tilsyn (Digital Supervision)
• OneCo Kollegavarsling (Colleague Alert)
• OneCo Innendørs Mobildekning (Indoor Mobile Coverage)
• OneCo Byggautomasjon (Building Automation)
• OneCo Industriell Automasjon (Industrial Automation)
• OneCo Infrastruktur og Samferdsel Automasjon
• OneCo Drift og Vedlikehold (Operations and Maintenance)
• OneCo Kraftlinje (Power Line)
• OneCo Elektrotekniske Installasjoner (Electrotechnical Installations)

Quantifiable outcome

• False alarm reduction up to 99% with OneCo MultiSensor
• +4 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• ABBcoreTechnology or Integration · 1 January 2021OneCo and ABB have a contract with Hafslund E-CO Vannkraft (HEV) to deliver complete control systems for Solbergfoss power plant, including control systems for all 13 generator units, new communal/auxiliary facilities, and high-voltage system upgrades.
• TelenorcoreStrategic or Co-development PartnerOneCo is a main supplier for Telenor, providing telecom infrastructure installations including mobile masts, indoor coverage solutions, and network installations. Serves as primary contractor for Telenor infrastructure projects.
• Bane NORcoreStrategic or Co-development PartnerOneCo delivers electrical, security and telecom systems for Bane NOR railway infrastructure projects including the Follo Line and Drammen Station upgrades. Works as contractor for railway electrification and safety systems.
• Statens vegvesencoreStrategic or Co-development PartnerOneCo partners with the Norwegian Public Roads Administration for tunnel upgrades and road infrastructure projects, including the Damsgård Tunnelen rehabilitation and multiple tunnel safety upgrades across Norway.
• Glitre NettcoreStrategic or Co-development PartnerSince 2021, OneCo has operated under an operation and maintenance agreement with Glitre Nett, contributing to secure and robust power supply for approximately 100,000 customers in Agder counties. Covers troubleshooting, repairs, preventive maintenance, and 24/7 emergency preparedness.
• NorgesnettcoreStrategic or Co-development PartnerOneCo has operations and maintenance agreements with Norgesnett for distribution network services, providing ongoing maintenance and emergency response for regional power infrastructure.
• ElviacoreStrategic or Co-development PartnerOneCo is engaged by Elvia for control system remodeling projects at Solbergfoss power plant. The project involves upgrading control systems for power generation facilities owned by the grid company.
• AF GruppenminorStrategic or Co-development PartnerAF Gruppen is the main contractor for Bjørvika School project where OneCo was selected as supplier for indoor mobile coverage. OneCo worked with the project team from early stages.
• ISSminorChannel Partner/ Reseller/ DistributorFramework agreement with ISS for services at Equinor offices, providing electrical and related services through the ISS facility management relationship.
• NCCminorStrategic or Co-development PartnerNCC was a key collaboration partner on the Drammen Station project alongside Bane NOR and other specialist contractors, working in close cooperation on complex rail infrastructure delivery.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Mesta: Norwegian road and infrastructure operator (and former employer of OneCo's incoming CEO); overlaps with OneCo's road/tunnel electrical works.
• AF Gruppen: Major Norwegian contractor working with OneCo as partner on Bjørvika School; competes in civil/infra construction that often bundles the electrical scope OneCo delivers.
• NCC (Norway): Construction partner on Drammen Station; competes for the civil scopes that include OneCo's electrical installations.

Direct peers

• Tunstall Nordic: Nordic provider of welfare technology, telecare, and digital supervision — directly comparable to OneCo's MultiSensor/Pasientvarsling portfolio.
• Assemblin: Nordic installer of electrical, heating/plumbing, and data/telecom — a close peer in scale and service mix to OneCo's installation business.
• Bravida: Nordic leader in technical installation and service across electrical, telecom, and automation — directly comparable to OneCo's electrotechnical contracting and O&M model.
• Eltel: Nordic specialist in power and telecom network infrastructure; highly comparable to OneCo's Elkraft and OneCo Networks divisions.

Others

• Green Mountain: Norwegian data center operator and OneCo customer; represents a growing adjacency where OneCo delivers full electrical scope for high-power facilities.
• Telenor (Network buildout): Largest Norwegian telecom customer of OneCo; a strategic partner whose capex cycle directly drives OneCo Networks revenue.

Broad incumbents

• Caverion: Large Nordic/European provider of building solutions, automation, and energy efficiency services; overlaps with OneCo's automation, electrical, and energy segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCy80kdX8wuQbgJG2LBXDp4A
• Facebookfacebook.com/OneCo-153910031340741
• LinkedInlinkedin.com/company/oneco

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Oneco