NGS Group
NGS Group AB is a Stockholm-based Swedish recruitment, staffing, and executive search firm founded in 2007, employing 1,001-5,000 staff and listed on the Nordic Growth Market since October 2025. The firm also operated blockchain-mining subsidiaries that were wound up by the Australian Federal Court in December 2025.
- Company typePublic
- Founded2007
- HeadquartersStockholm, Sweden
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What NGS Group does
NGS Group AB is a Sweden-domiciled recruitment, staffing, and executive search company headquartered in Stockholm, founded in 2007 and operating with a headcount in the 1,001-5,000 range. Its core business is human-capital services — placing candidates into roles and supplying workforce to corporate clients — a model in which revenue is generated primarily through placement fees, retainer/executive-search fees, and staffing markups on contractor payroll. The company historically extended its footprint into blockchain and digital-asset operations through two wholly owned subsidiaries, NGS Crypto and NGS Digital, focused on blockchain mining.
In October 2025, NGS Group AB was approved for listing on the Nordic Growth Market (NGM) and began trading on October 27, 2025, transitioning the Swedish parent to public-equity status. However, the Australian Federal Court ordered the winding up of NGS Group, NGS Crypto, and NGS Digital in December 2025 for operating without an Australian financial services licence and misleading over 450 investors (some using retirement savings), with liquidators and receivers appointed to manage the digital-asset wind-down. The company's CEO, Jan Bengtsson, announced his resignation in June 2026, with a CEO search underway. The supplied financial data is internally inconsistent with a 1,001-5,000-employee Swedish staffing firm and is not relied upon here. Operating geographies are effectively Nordic, with a recorded restriction in Australia following the court order.
NGS Group firmographics
Firmographics- Name
- NGS Group
- Legal name
- NGS Group AB
- Website
- https://ngsgroup.se
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- NGS Group AB is a Stockholm-based Swedish recruitment, staffing, and executive search firm founded in 2007, employing 1,001-5,000 staff and listed on the Nordic Growth Market since October 2025. The firm also operated blockchain-mining subsidiaries that were wound up by the Australian Federal Court in December 2025.
- Ownership category
- akta.pro rank
NGS Group industry classification
Industry- Product category
- Staffing and Recruitment Services
- SIC
- Services-Employment Agencies (7361), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Cloud, DevOps & Infrastructure Staffing (BPACADAD)
- akta.pro secondary industry
- Mining Hosting, Colocation & Managed Facilities (FSADAOAE)
Keywords
Where NGS Group is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Markets served
NGS Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
NGS Group product offering
Product offeringCore offering
NGS Group manages several companies that deliver recruitment, staffing, and executive search services to client organizations. The group also expanded into blockchain mining operations through subsidiaries NGS Crypto and NGS Digital, which were ordered wound up by the Australian Federal Court in December 2025 for operating without a financial services licence and misleading investors. NGS Group AB is publicly listed on the Nordic Growth Market (NGM) since October 27, 2025.
Product overview
NGS Group is a recruitment and staffing company. Based on available sources, the company also operated associated entities including NGS Crypto and NGS Digital in the blockchain/digital asset space. However, these operations were ordered to be wound up by an Australian Federal Court in December 2025. The company was approved for listing on the Nordic Growth Market (NGM) in October 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Recruitment services Core recruitment services delivered through NGS Group's portfolio of operating companies, providing candidate sourcing, screening, and placement for client organizations in Sweden and the Nordic region.
- Staffing services Staffing services delivered by NGS Group companies to client organizations requiring temporary or contract workforce support.
- Executive search services Executive search services for senior and specialized roles, delivered through NGS Group's portfolio companies to client organizations seeking confidential hiring of leadership talent.
Companies that use NGS Group
Customer profileIdeal customer profiles1 record
NGS Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NGS Group partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights4 records
NGS Group competitors and assessment
Company assessmentBroad incumbents
- Hays: UK-listed professional staffing group with strong presence in Northern Europe; relevant comparable for mid-cap listed recruitment firms in regulated markets.
- Adecco Group: World's second-largest staffing firm with material Nordic operations; useful comparable for evaluating NGS Group's long-run margin and growth potential.
- Randstad: Global recruitment and HR-services leader with significant Sweden and Nordic footprint — provides relevant valuation and operating benchmarks.
- ManpowerGroup: Global staffing and workforce-solutions incumbent with broad Nordic presence; benchmark for scale, margin profile, and capital-allocation discipline in the recruitment industry.
- Robert Half: Specialized professional staffing firm (finance, technology, legal); comparable business-model template for NGS Group's professional/executive search practice.
Regional players
- Lernia: Sweden-based staffing and workforce-development provider; Nordic regional peer with overlapping customer base in the Swedish recruitment market.
Direct peers
- Poolia: Swedish-listed recruitment and staffing company serving professionals across multiple sectors; closest Swedish-headquartered peer to NGS Group's executive-search and professional staffing business.
- Wise Group: Swedish-listed group of recruitment, staffing, and HR-services brands; comparable diversified Nordic staffing structure to NGS Group.
- Academic Work: One of the largest Nordic staffing and recruitment firms, focused on student and graduate placement, with operations across Sweden — directly comparable to NGS Group's core recruitment franchise.
- Amendo: Nordic recruitment and staffing firm specializing in finance, HR, and IT — direct overlap with NGS Group's professional and technical staffing verticals in Sweden.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights3 records
Customer concentration
NGS Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
NGS Group leadership team
Management profileNumber of profiles
Profiles1 record
NGS Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
NGS Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NGS Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NGS Group
What does NGS Group do?
NGS Group manages several companies that deliver recruitment, staffing, and executive search services to client organizations. The group also expanded into blockchain mining operations through subsidiaries NGS Crypto and NGS Digital, which were ordered wound up by the Australian Federal Court in December 2025 for operating without a financial services licence and misleading investors. NGS Group AB is publicly listed on the Nordic Growth Market (NGM) since October 27, 2025.
Is NGS Group a public or private company?
NGS Group is a public company. It is classified as public and is currently operating.
When was NGS Group founded?
NGS Group was founded in 2007. It employs 1,001 to 5,000 people.
Where is NGS Group based?
NGS Group is headquartered in Stockholm, Sweden, in the Europe region.
Who are NGS Group's main competitors?
Broad incumbents on record are Hays, Adecco Group, Randstad, ManpowerGroup and Robert Half. Lernia is listed as a regional player. Direct peers are Poolia, Wise Group, Academic Work and Amendo.
Does NGS Group have an API?
No public API is recorded for NGS Group.
What industry is NGS Group in?
NGS Group's product category is Staffing and Recruitment Services. Its primary akta.pro industry code is BPACADAD, Cloud, DevOps & Infrastructure Staffing, with a secondary code of FSADAOAE, Mining Hosting, Colocation & Managed Facilities. Its SIC code is 7361.