What Veøy does

Veøy AS is a privately-held Norwegian transportation and logistics company headquartered in Åndalsnes, with operational roots dating to 1925 (Nesjestranda Billag) and formal incorporation as Veøy Billag in 1960 through the merger of three family carriers. The company operates one of Norway's largest privately-owned road transport networks, with ~700 employees, ~450 owned fleet units, and 11 regional offices spanning Åndalsnes, Molde, Ålesund, Oslo, Borgeskogen, Kristiansand, Stavanger, Haugesund, Bergen, Orkanger, and Trondheim. It is structured as a group comprising Veøy AS (parent), Veøy Møre AS (51% owned), Tangvik AS (100% acquired 2020), and Veøy Buss AS, with a minority stake in Godsterminalen AS (Stavanger).

The company delivers six core service lines — Ekspress (express delivery), Distribusjon (regional distribution, including ADR and temperature-controlled), Langtransport (long-distance line-haul with daily departures between all locations), Spesialtransport (oversize/overweight/heavy), Kran (crane services up to 110 ton-meters), and Terminal og lagerhotell (cold/freeze/heated storage, cross-docking, medicine rooms) — plus route bus and tourist bus services via Veøy Buss AS. Underlying technology consists of GPS-tracked fleet operations, temperature monitoring for pharmaceutical and food cargo, the SmartTrack cargo tracking system delivered through the Smartsys customer portal, and an annual route-level climate accounting/reporting system supporting Miljøfyrtårn ESG certification.

Veøy's revenue model is transaction-fee B2B services sold through direct field sales with regional managers at each location and dedicated account contacts for major customers; pricing is quote-based with an energy/fuel surcharge (currently 1.1% as of June 2026, adjusted weekly in volatile periods). Disclosed 2022 group revenue was MNOK 984 (Veøy Konsern) with Veøy Møre AS contributing MNOK 168, and more recent references place group turnover at approximately NOK 1 billion. Customers span pharmaceutical distribution (NMD, Apotek1 — making Veøy Norway's largest medicine transporter to pharmacies), waste/environmental services (Franzefoss), port logistics (Kristiansand Havn), and food/retail distribution; vertical segmentation is the stated approach.

Name

Veøy

Legal name

Veøy AS

Website

https://veoy.no

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

Veøy AS is a privately-owned Norwegian road transport and logistics operator headquartered in Åndalsnes, running ~450 vehicles and ~700 staff across 11 Norwegian locations. It offers express, distribution, long-haul, special, crane and warehouse services, and is Norway's largest medicine transporter serving pharmaceutical, retail and industrial customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Åndalsnes

HQ country

Norway

HQ region

Europe

Offices11 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. Express Transport Services: Express delivery services for local, national and international shipments ranging from small parcels to specialized equipment. Includes escort vehicle services for special transports.
2. Distribution Services: Regional distribution network covering areas around terminals. Handles everything from small packages to larger shipments. Includes temperature-controlled distribution for food and medicines, ADR goods, part-load and full-load cargo with tracking, express goods, and taxi services.
3. Long-distance Transport: Nationwide line-haul transport with daily departures between all company locations. Covers Norway via own routes or partner networks. Includes overnight delivery and temperature-controlled transport.
4. Special Transport: Specialized transport for oversized, overweight, long, wide and heavy cargo. Includes low-bed equipment for tall loads (32cm loading height), extendable semi-trailers for lengths over 20 meters, container handling, and crane services up to 110 ton-meters.
5. Crane Services: Crane trucks of various sizes for transport and lifting operations. Includes crew baskets with 32-meter reach and lifting capacity up to 36 meters.
6. Terminal and Warehouse Services: Terminal hub services including cold, freeze and heated storage, medicine rooms, cross-docking, long and short-term storage solutions. Operates warehouse hotel services with indoor, high-bay, pallet racking, and outdoor storage.
7. Bus Services: Route bus services for Møre og Romsdal County Municipality in Rauma, Vestnes and parts of Molde, Haram and Nesset municipalities. Also provides tourist transportation for cruise guests.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Veøy provides road-based freight transportation and logistics services across Norway through six core offerings: Express delivery (Ekspress) for parcels and specialized equipment with escort vehicles; Distribution (Distribusjon) covering regional areas with temperature-controlled and ADR goods; Long-distance transport (Langtransport) with daily departures between all company locations; Special transport (Spesialtransport) for oversized, overweight and heavy cargo; Crane services (Kran) up to 110 ton-meters; and Terminal/warehouse hotel (Terminal og lagerhotell) including refrigerated, freezer, heated storage and medicine rooms. The company is Norway's largest medicine transporter to pharmacies and also operates scheduled bus services through its Veøy Buss AS subsidiary.

Product overview

Veøy is a logistics and transportation company operating as one of Norway's largest privately-owned transport companies with approximately 450 units and 700 employees. The company offers a unified portfolio of transport services organized around six core offerings: Ekspress (Express delivery), Distribusjon (Distribution), Langtransport (Long-haul transport), Spesialtransport (Special transport), Kran (Crane services), and Terminal og lagerhotell (Terminal and warehouse services). The company also operates Veøy Buss AS as a separate subsidiary providing bus services. Veøy's services are delivered through a network of 11 locations across Norway including Åndalsnes (headquarters), Molde, Ålesund, Oslo, Borgeskogen, Kristiansand, Stavanger, Haugesund, Bergen, Orkanger, and Trondheim. The group includes subsidiaries Veøy AS, Veøy Møre AS, Tangvik AS, and Veøy Buss AS. The company specializes particularly in medicine transport, being Norway's largest medical transport provider, with solutions for temperature-controlled goods, part-load and piece goods, fish transport, and special cargo ('long, wide and heavy').

Differentiator

Problem solved

Functional benefit

Brands

• Veøy Møre AS: Subsidiary operating in Møre og Romsdal region with approximately 60 trucks and 90 employees, operating from Ålesund area
• Veøy Buss AS
• Gjendem Transport
• Øverland Transport og Renovasjon (ØTR)
• Skeivoll Transport

Products and services

• Ekspress (Express Delivery) Express delivery service for local, national and international shipments ranging from small parcels to specialized equipment. Includes escort vehicle services for special transports. Targeted at business customers needing fast, time-sensitive deliveries across Norway.
• Distribusjon (Distribution) Regional distribution network covering areas around terminals, handling small packages to larger shipments. Includes temperature-controlled insulated boxes, in-night delivery, ADR (hazardous) goods, part-load and full-load cargo with tracking, express goods, and taxi services. Targeted at food retailers, grocery chains and manufacturers needing reliable regional distribution.
• Langtransport (Long-distance Transport) Nationwide line-haul transport with daily departures between all 11 company locations. Covers Norway via own routes or partner networks, with overnight delivery options and temperature-controlled transport capabilities. Targeted at manufacturing companies, wholesalers and traders needing reliable nationwide long-distance freight.
• Spesialtransport (Special Transport) Specialized transport for oversized, overweight, long, wide and heavy cargo. Includes low-bed equipment for tall loads (32 cm loading height), extendable semi-trailers for lengths over 20 meters, container handling with sideliners, and crane services. Targeted at industrial, construction and manufacturing customers with non-standard cargo dimensions or weights.
• Kran (Crane Services) Crane trucks of various sizes for transport and lifting operations. Includes crew baskets with 32-meter reach, lifting capacity up to 36 meters, and crane vehicles up to 110 ton-meters. Targeted at construction, industrial and infrastructure customers needing mobile crane and lifting services.
• Terminal og lagerhotell (Terminal and Warehouse Hotel) Terminal hub services including cold storage, freezer storage, heated storage, medicine rooms, cross-docking, and long- and short-term storage solutions. Operates warehouse hotel services with indoor, high-bay, pallet racking, and outdoor storage. Includes heavy-duty forklift handling. Targeted at pharmaceutical, food and industrial customers needing secure storage and cross-docking.
• Veøy Buss AS (Bus Services) Wholly-owned subsidiary operating route bus services for Møre og Romsdal County Municipality in Rauma, Vestnes and parts of Molde, Haram and Nesset municipalities. Also provides tourist transportation for cruise guests and charter services. Targeted at public sector (county municipality procurement) and tourism operators.

Quantifiable outcome

• 25% of new vehicle investments in 2024 are in sustainable equipment (gas and electric trucks)
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Sporstøl Arkitekter ASminorStrategic or Co-development PartnerArchitectural firm that designed the new logistics terminal at Digerneset in Ålesund in collaboration with the developer and tenant (Veøy Møre AS).
• PEAB K. Nordang ASminorImplementation/ SI/ Consulting PartnerConstruction company awarded the contract to build the new logistics terminal at Digerneset. Contract signed as total enterprise contract with move-in planned Q1 2025.
• Digerneset Næringspark AScoreStrategic or Co-development PartnerProperty development company developing Digerneset logistics hub. Signed lease agreement with Veøy Møre AS for new terminal. 50/50 owned by Wenaas Eftf AS and Møller Eiendom Norge AS. 74,000 sqm total property with 50,000 sqm at Digerneset.
• EnovaminorStrategic or Co-development PartnerVeøy has entered cooperation with Enova regarding 'transition to low-emission society' with focus on reducing greenhouse gases and energy use.
• Godsterminalen AScoreStrategic or Co-development PartnerVeøy is co-owner of Godsterminalen AS in Stavanger, providing shared terminal infrastructure and logistics services in the region.
• Transportbransjens opplæringskontor for Møre og RomsdalminorStrategic or Co-development PartnerVeøy collaborates closely with this training office. Former leader Alf Bliksvær was recruited as rector for Veøy-skolen (company training academy).

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Posten Norge AS: Norwegian state-owned postal and logistics group operating the Bring parcel and freight network across Norway. Most directly comparable Norwegian peer given full national coverage, multi-service logistics offerings, and government-backed long-term contracts similar to Veøy's pharma and retail relationships.
• World Courier (Cencora): Specialty courier for time-sensitive and temperature-controlled pharmaceutical shipments, owned by Cencora. Comparable for the pharma/medicine vertical where Veøy is Norway's largest pharmacy transporter—World Courier operates the international cold-chain equivalent for clinical trials and specialty drug logistics.
• Marken (UPS Healthcare): Specialty logistics provider focused on pharmaceutical and life science supply chains, now part of UPS Healthcare. Comparable for Veøy's pharmaceutical courier business in the cold-chain and time-critical medicine delivery vertical.
• Fiege Logistik: German-headquartered contract logistics provider with a dedicated healthcare vertical (Fiege HealthCare Logistics) and growing Nordic presence. Comparable for Veøy's pharmaceutical distribution and contract logistics for healthcare distributors.
• STEF: European specialist in temperature-controlled transport and logistics for food and healthcare products. Comparable for Veøy's cold-chain pharmacy delivery, refrigerated/frozen transport, and medicine-room terminal capabilities.

Broad incumbents

• PostNord Group: Scandinavian postal and logistics group operating across Sweden, Denmark, Norway, Finland, and the Baltics. Comparable as a multi-vertical postal/logistics player with similar Nordic-market exposure, parcel and cold-chain capabilities overlapping Veøy's footprint.
• DSV A/S: Global freight forwarder and transport provider that has absorbed DB Schenker (formerly Linjegods, Veøy's historical co-ownership). Comparable as a major global logistics competitor with significant Norwegian operations, capable of bidding for enterprise pharma and long-haul contracts.
• Kuehne+Nagel: Global logistics leader with a specialized KN PharmaChain offering air and road pharma logistics. Comparable given direct competition for temperature-controlled healthcare customers and Nordic road-freight contracts Veøy serves.
• DHL Group: Global logistics giant including DHL Express, DHL Supply Chain, and DHL Life Sciences. Comparable given DHL's Norwegian operations and dedicated pharmaceutical/healthcare logistics business targeting the same Norwegian pharma customers as Veøy.
• Geodis: French-headquartered global logistics provider with strong European transport and contract logistics capabilities, including life sciences/healthcare vertical. Comparable for Veøy's contract logistics and long-haul transport services in cross-border European freight.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Veoymore

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 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 Veøy