Lab Entreprenør

What Lab Entreprenør does

LAB Entreprenør AS is a Bergen-headquartered, privately-held Norwegian general contractor and total contractor (totalentreprenør) founded in 1982 and operating today as a wholly-owned subsidiary of the Oslo Børs-listed AF Gruppen ASA (acquired 2015). The company delivers construction and civil engineering services across all contract forms — totalentreprise (turnkey), generalentreprise (main contract), and delentreprise (subcontract) — applying LEAN construction principles throughout project execution. Its core technology stack is operational rather than digital: in-house engineering, project management, and self-performed construction work, supported by a 17-acre modern warehouse/logistics facility at Toppemyr with isolated steel halls, formwork storage, offices, and a wash bay with oil separator.

The company serves three primary customer segments: (1) private residential developers and housing cooperatives including OBOS Nye Hjem, Gjelsten Bolig, Nåbo AS, and Kvassnesvegen Utvikling; (2) commercial real estate owners such as Handelens og Sjøfartens Hus AS and Lagunen DA; and (3) public-sector clients including the student housing organization Sammen (Studentsamskipnaden på Vestlandet). Recent contract values range from MNOK 137 (Gjelsten Bolig, Møllendalsveien) to MNOK 480 (OBOS Bergensmeieriet), with the project pipeline including landmark heritage rehabilitation, BREEAM-certified office construction, and student housing modernization.

LAB generates revenue almost exclusively through project-based, fixed-price construction contracts acquired via competitive tendering (both public procurement and private bids) and negotiated agreements, often preceded by a samspill (collaborative) phase. Revenue is recognized on percentage-of-completion or upon project completion. The group is organized into three core operating subsidiaries — Åsane Byggmesterforretning AS (ÅBF, acquired 2007), Fundamentering AS (FAS, acquired 2013), and Helgesen Tekniske Bygg AS (HTB, acquired 2020) — supplemented by LAB Eiendom and Toppemyr AS for property and logistics. Operations are concentrated in Bergen and Western Norway (Vestlandet), with extended reach into Nordhordland and Sogn.

Name

Lab Entreprenør

Legal name

LAB Entreprenør AS

Website

https://lab.no

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Short description

LAB Entreprenør AS is a Bergen-based Norwegian total contractor and AF Gruppen subsidiary delivering turnkey, general, and sub-contracts for residential, commercial, and public-sector clients across Western Norway through in-house construction, foundation, and technical building subsidiaries.

Ownership category

akta.pro rank

Product category

General Contracting & Construction Services

NAICS

Nonresidential Building Construction (2362), Site Preparation Contractors (23891)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), General Bldg Contractors - Residential Bldgs (1520), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)

Keywords

• Commercial construction services
• Residential building construction
• Civil engineering projects
• General contracting services
• Building rehabilitation services

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Construction Contract Revenue: LAB generates revenue through construction contracts as a general contractor and total enterprise contractor. Revenue is project-based, earned through fixed-price contracts for building projects including residential, commercial, public, and rehabilitation work. Contracts range from MNOK 28 to MNOK 480+ in value, with revenue recognized upon project completion or percentage-of-completion basis.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Lab Entreprenør is a total contractor (totalentreprenør) providing comprehensive construction services in Bergen and Western Norway. The company executes projects across all contract forms — totalentreprise (turnkey), generalentreprise, and delentreprise — covering residential, commercial, and public buildings including new construction and rehabilitation work. Through wholly-owned subsidiaries (Åsane Byggmesterforretning, Fundamentering AS, Helgesen Tekniske Bygg), the company delivers foundation, technical building, and carpentry services in-house.

Differentiator

Problem solved

Functional benefit

Products and services

• Totalentreprise (Main Contractor / Turnkey Services)

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves2 records

Direct peers

• Kruse Smith: Kruse Smith is a mid-sized Norwegian general contractor with significant operations in Bergen and Western Norway. It is one of LAB's most direct local competitors for residential, commercial, and public building projects in the same geographic market.
• Betonmast: Betonmast is a Norwegian general contractor focused on residential, commercial, and public building construction across multiple regions of Norway. It is a close peer to LAB in terms of size, service mix (totalentreprise, generalentreprise), and customer base (private developers, public sector).
• Hent AS: Hent is a Norwegian general contractor delivering residential, commercial, and public building projects nationwide. It competes with LAB in the same tender processes for Norwegian developers and public sector clients, with comparable service offerings and contract structures.
• Consto Norge: Consto is a Norwegian general contractor active in residential, commercial, and public building construction across Norway. It is a closely comparable mid-sized peer to LAB in terms of service portfolio and contract types, often bidding for the same totalentreprise tenders.

Broad incumbents

• NCC Norge: NCC is a major Nordic construction and property developer with a Norwegian operation covering residential, commercial, and infrastructure. It overlaps with LAB's main contractor / totalentreprenør offering in the Norwegian building construction market, with greater national footprint.
• Skanska Norge: Skanska's Norwegian division delivers large-scale building construction and civil engineering projects across Norway. It competes with LAB for major commercial, public, and residential tenders in Western Norway, with greater national reach and project scale.
• Peab Norge: Peab's Norwegian arm is part of the Swedish Peab Group and operates across building construction and civil engineering in Norway. It is comparable to LAB in providing general contracting services to Norwegian developers and public clients, though at broader Nordic scale.
• AF Gruppen: AF Gruppen is the publicly listed parent company of LAB Entreprenør and a major diversified Norwegian construction and property group. It is the most directly comparable peer in terms of business model and geography, and any standalone valuation of LAB must be considered in the context of its AF Gruppen parent.
• Veidekke: Veidekke is one of Norway's largest general contractors and construction developers, active across residential, commercial, and civil infrastructure nationwide. It is comparable to LAB as a directly competing Norwegian general contractor with overlapping services in building construction, though at significantly larger national scale.

Emerging players

• Veidekke Eiendom (Vestlandet operations): Veidekke's property development arm in Western Norway develops residential and mixed-use projects, frequently acting as both developer and contractor in projects comparable to LAB's housing and mixed-use developments for clients such as OBOS and Gjelsten Bolig.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 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 Lab Entreprenør