Granitor AB

What Granitor AB does

Granitor AB (legal entity Granitor Holding AB) is a privately held, second-generation family-owned Swedish industrial conglomerate founded in 1996 (originally as Midroc, rebranded in 2019), headquartered in Solna, Sweden. Granitor is controlled by the Wikström family, with Mohammed Al Amoudi as a minority owner and long-term financier. The group operates approximately 3,330 employees across more than 70 local offices in Sweden and Norway and reported turnover of 7.2 billion SEK in 2024, down from 10.6 billion SEK in 2022 amid an ongoing portfolio rationalization.

Granitor is organized into three business areas executed through wholly-owned subsidiaries: (1) Properties (Granitor Properties AB), which develops and manages residential and commercial real estate in southern Sweden, Stockholm, and Uppsala, including award-winning projects such as Fyrtornet in Malmö (Sweden's tallest wooden office building) and the Embassy of Sharing urban district; (2) Contracting and Services, delivered through Granitor Electro (electrical installation, property automation, security, fiber, EV charging, solar), Granitor Systems (industrial automation, robotics, crane systems, power systems from 145kV to 0.4kV, mining, infrastructure/traffic systems, food and pharma), and Granitor Miljöteknik (soil remediation, water treatment, PFAS remediation, rock cavern remediation); and (3) Growth Investments, operated by Granitor Growth Management, which invests with active ownership in cleantech and life science development companies. The portfolio also includes Alucrom (blasting and surface treatment), BAC Group (cathodic corrosion protection), and Metalock Engineering (specialized mechanical machining).

Granitor earns revenue primarily through project-based professional services contracts and turnkey system integration for industrial, infrastructure, construction, and public-sector clients (e.g., Volvo, Electrolux, Ovako, Region Västmanland, Svenska Bostäder, NCC), supplemented by property development sales and leasing, and equity returns from its growth investment portfolio. Go-to-market is direct and field-driven via 70+ local offices. Between late 2024 and 2026 Granitor divested Rodoverken (energy storage), WTC properties in Malmö/Lund/Helsingborg, Nordic Mechanical Solutions, and the Zaphire property automation product (to WAGO), while completing a bolt-on acquisition of Etcon and consolidating its Norwegian operations under Granitor Electro AS and Granitor Systems AS.

Name

Granitor AB

Legal name

Granitor Holding AB

Website

https://granitor.se

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Granitor AB is a Swedish family-owned industrial conglomerate, founded 1996 and headquartered in Solna, that delivers electrical contracting, industrial automation, environmental remediation, and property development through subsidiaries including Granitor Electro, Systems, Miljöteknik, and Properties, serving enterprise and public-sector clients across Sweden and Norway.

Ownership category

akta.pro rank

Product category

Industrial Contracting and Engineering Services

NAICS

Offices of Other Holding Companies (551112), Management of Companies and Enterprises (551)

SIC

Switchgear & Switchboard Apparatus (3613), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Conveying, Hoisting & Materials Handling Systems (Conveyors, Stackers/Reclaimers, Winches) (IMAKANAE)

Keywords

• Industrial contracting services
• Electrical installation services
• Property automation systems
• Environmental remediation services
• Real estate development

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Contracting and service (Entreprenad & Service): Installation, service and system deliveries for industry, construction and infrastructure through Granitor Electro (electrical installation, security, property automation) and Granitor Systems (industrial automation, robotics, power systems, infrastructure systems). Revenue generated through project-based contracts and service agreements.
2. Property development and management: Development and long-term management of residential and commercial properties through Granitor Properties. Revenue from property sales, leasing, and property management.
3. Growth investments in development companies: Granitor invests in pioneering technologies in cleantech and life sciences through Granitor Growth Management. Returns generated from equity stakes and portfolio company value creation.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Granitor is a diversified Nordic industrial group that delivers technical contracting and services—including electrical installation, property automation, security systems, industrial automation and robotics, power systems, and environmental remediation—through subsidiaries Granitor Electro, Granitor Systems, and Granitor Miljöteknik. It also develops and manages residential and commercial real estate through Granitor Properties, and runs Granitor Growth Management to invest in cleantech and life science development companies. Operations span Sweden and Norway via more than 70 local offices.

Product overview

Granitor AB is a Swedish family-owned conglomerate organized into three main business areas: Properties, Contracting & Services, and Growth Investments. The company operates through multiple subsidiaries including Granitor Electro (electrical installation, property automation, and security solutions), Granitor Miljöteknik (soil remediation, water treatment, PFAS remediation, rock cavern remediation), Granitor Properties (real estate development of residential and commercial properties), and Granitor Systems (industrial automation, process equipment, and power supply solutions). Additionally, the company manages portfolio companies including Alucrom, BAC Group, and Metalock Engineering, and operates Granitor Growth Management for investments in cleantech and life science development companies. The portfolio includes both service divisions providing technical contracting services and specialized industrial solutions across sectors including automotive, mining, infrastructure, energy, food & pharma, and metals. In 2026, Granitor divested its Zaphire property automation solution to WAGO.

Differentiator

Problem solved

Functional benefit

Brands

• Granitor Electro: Electrical installation and mechanical maintenance services with local presence across Sweden
• Granitor Miljöteknik
• Granitor Properties
• Granitor Systems
• Granitor Growth Management
• Embassy of Sharing
• Zaphire

Products and services

• Granitor Electro One of Sweden's largest electrical technology companies providing installation and service within electrical installation, property automation, and security solutions across Sweden.
• Granitor Miljöteknik Environmental technology services delivering soil remediation, water treatment, PFAS remediation, and remediation of rock caverns for contaminated sites.
• Granitor Properties Long-term property development creating sustainable homes, workplaces, and urban environments in southern Sweden, Stockholm, and Uppsala.
• Granitor Systems One of the Nordic region's leading system integrators delivering turnkey automation, process and production equipment, and power supply solutions for industry, infrastructure, and energy sectors.
• Electrical Installation & Service Comprehensive electrical installation and service covering electrician services, electrical system service, new construction installation, lighting, fiber and data installation, EV charging, solar panels, air heat pumps, battery storage, and industrial installations.
• Property Automation Building automation systems enabling energy monitoring and optimization of building systems and energy consumption across commercial and residential property portfolios.
• Security Solutions Technical security solutions including fire alarms, operational alarms, intrusion alarms, camera surveillance, locks and locking systems, access control systems, and emergency alarms.
• Soil Remediation Remediation and aftertreatment of contaminated soil using modern and traditional methods to prevent further spread of contaminated areas.
• Water Treatment Treatment of contaminated water combining treatment stages based on unique conditions for each assignment to deliver optimal process capacity and efficiency.
• PFAS Remediation Remediation services for PFAS (per- and polyfluoroalkyl substances) contamination at fire training areas and other contaminated sites.
• Rock Cavern Remediation Skimming and remediation of rock caverns; market-leading offering in Sweden with long experience and developed routines for risk analysis, work environment, and technical solutions.
• Automotive Solutions Robot-based automation solutions for the automotive industry with over 30 years of experience in developing and delivering automation and robot solutions.
• Crane Systems Construction, implementation, and service of crane systems, cargo flow management, warehouse handling, and updating of existing systems.
• Power Systems Comprehensive power solutions across the voltage range 145 kV to 0.4 kV for industrial and energy sector customers.
• Infrastructure Solutions Sweden's leading provider of complete traffic system contracts, integrating sometimes over 100 subsystems per project.
• Mining Solutions Integrated, coordinated, and remotely controlled functions for fully automated mining with minimal environmental impact and maximum productivity.
• Energy Solutions Complex energy systems and comprehensive power and automation solutions for existing or new facilities.
• Food & Pharma Solutions Solutions for building, streamlining, and automating manufacturing processes meeting high requirements for traceability and quality in food and pharma.
• Granitor Growth Management Long-term investment arm investing in development companies with pioneering technologies in cleantech and life science, providing active ownership and strategic support.
• Alucrom Sweden's leading rust protection contractor offering blasting and advanced surface treatment in Sweden, Finland, and Poland.
• BAC Group Market-leading provider of cathodic corrosion protection, corrosion monitoring, and special equipment for the corrosion protection industry.
• Metalock Engineering Group Specialized mechanical machining services with local establishments in Sweden, UK, and South Africa.

Quantifiable outcome

• Fyrtornet (Sweden's tallest wooden office building) won Årets Bygge 2025 in the Hotels and Offices category and received honorary mention in Malmö Stadsbyggnadspris 2025
• +2 more outcomes

Named customers7 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

Partnerships

Six partnerships are on record, tiered minor and major.

• SamtalsringenminorStrategic or Co-development Partner · 11 June 2026Granitor entered a collaboration with Samtalsringen, an initiative that strengthens young people through conversation, community, and future optimism. Granitor's Culture and Sustainability Director LiseLotte Jernberg Bate joined Samtalsringen's board. The partnership is part of Granitor's work for social sustainability and long-term skills supply.
• WAGOmajorStrategic or Co-development Partner · 6 May 2026Granitor sold its property automation solution Zaphire to WAGO. The deal marks a natural next step in Zaphire's development and creates new conditions for continued growth in the global market.
• Forum för innanförskapminorStrategic or Co-development Partner · 22 April 2026Granitor joined Forum för innanförskap, a national initiative where businesses come together to strengthen skills supply and reduce youth exclusion. The collaboration aims to address long-term skills shortages in Sweden.
• BilfingermajorStrategic or Co-development Partner · 12 February 2026Granitor's subsidiary Rodoverken (part of Granitor) built the Väo thermal storage facility in Tallinn, Estonia for Utilitas. The 80MW/1,100MWh heat accumulator was co-financed by Estonia's Environmental Investment Centre and EU NextGenerationEU, with a total cost of ~€8 million. This was part of a 20-year collaboration between Rodoverken and Bilfinger in energy storage. Granitor subsequently sold Rodoverken to Bilfinger in December 2024, and the partnership continues as Bilfinger's subsidiary.
• HSB ProjektPartnerminorStrategic or Co-development Partner · 26 February 2025Granitor Properties shared the award 'Sveriges nöjdaste kunder 2024' with HSB ProjektPartner, indicating a collaborative and competitive relationship in residential property development.
• Let's Uptech (with Knightec and Scania)minorStrategic or Co-development PartnerLet's Uptech is a collaboration between Granitor, Knightec, and Scania with the vision of contributing to a more sustainable tech Sweden. The initiative has expanded to include multiple schools in Botkyrka municipality, reaching approximately 120 students in year 9, aiming to reduce the gap between education and industry.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• NCC: One of the largest Nordic construction and property development companies, active across building, infrastructure, and civil engineering. Comparable as a broad incumbent on the construction side, with overlapping customer relationships (e.g., Västerås acute hospital partnership with Granitor Electro).
• Skanska: Sweden's largest construction and project development group, with operations across the Nordics and selected international markets. Comparable to Granitor at the conglomerate level — combining contracting with property development — though at significantly greater scale and with global reach.
• Peab: Major Swedish construction and civil engineering contractor with integrated property development. Closely comparable to Granitor Properties' residential and commercial pipeline, and overlaps with Electro/Systems on contracting services in the Swedish market.

Regional players

• AF Gruppen: Norwegian contracting and industrial group with civil engineering, building, and environmental services. Comparable to Granitor Electro, Systems, and Miljöteknik in Norway, and to the broader multi-vertical services model that Granitor operates.
• Veidekke: Leading Norwegian construction and property development company, similar in business mix to Skanska/Peab but with primary weight on the Norwegian market. Comparable to Granitor's Norwegian Electro and Systems operations and to the cross-Nordic contracting model.
• YIT: Finnish construction, property development, and building solutions company with Nordic footprint. Comparable to Granitor Properties' sustainable urban district focus and to Granitor Electro's building services offering, with similar sustainability-led positioning in the residential market.

Direct peers

• Instalco: Swedish listed technical installation group providing electrical, heating & plumbing, and industrial installations across the Nordics. Directly comparable to Granitor Electro and Systems given overlapping service lines, project-based contracting model, and shared focus on Swedish infrastructure and industrial customers.
• Caverion: Finnish-headquartered building solutions and industrial services provider with strong Nordic presence. Directly comparable to Granitor Electro, Systems, and Miljöteknik across building automation, electrical, and industrial service lines in the same regional markets.
• Bilfinger: German industrial services group operating in process industry, energy, and infrastructure, and direct acquirer of Granitor's Rodoverken and Nordic Mechanical Solutions. Highly relevant as both a peer in industrial services and as a counterparty in Granitor's ongoing portfolio reshape.
• Assemblin: Nordic technical installation and service contractor covering electrical, HVAC, and piping for commercial and industrial customers. Closely mirrors Granitor's contracting & service business in scope, geography (Sweden, Norway, Finland), and project-based delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@GranitorGroup
• Facebookfacebook.com/granitor.se
• LinkedInlinkedin.com/company/granitor-group
• Instagraminstagram.com/granitorgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 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 Granitor AB