Zengun AB
Zengun AB (Zengun Group AB (publ)) is a Stockholm-based Swedish construction contractor founded in 2009 that delivers project-based construction services — on fixed-price and cost-plus contracts — to private and public property developers and commercial property owners across Sweden.
- Company typePublic
- Founded2009
- HeadquartersKista, Sweden
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Zengun AB does
Zengun AB (legal name Zengun Group AB (publ)) is a Swedish construction and property company that provides construction contracting services to private and public property developers and to commercial property owners. The company is headquartered in Stockholm, Sweden, was founded in 2009, and operates with a workforce in the 101–250 employee range. Its work is project-based, with revenue generated through fixed-price contracts and cost-plus arrangements, and income recognized as projects are completed; pricing is determined on a per-project basis rather than through publicly disclosed rate cards.
The company's go-to-market is direct B2B sales: it engages property developers and commercial property owners in Sweden to bid for and secure construction contracts. Its customer base is segmented vertically, with Property Developers as the primary segment and Commercial Property Owners as a secondary segment; use cases span property development construction, commercial and residential construction, and office and retail build-outs. Revenue visibility comes from a stated order book and a phase 1 pipeline rather than recurring contracts.
For FY2025, the company reported net turnover of SEK 2,407.3 million, down from SEK 2,584.5 million in FY2024 — a roughly 7% year-over-year decline. Orders received in 2025 were SEK 2,256.3 million, a 22% year-over-year decline. The order book stood at SEK 2,947.9 million with an additional phase 1 pipeline of SEK 5,200 million. The company is publicly listed on Nasdaq Stockholm and has issued senior secured bonds admitted to trading on the corporate bond list, with a SEK 750 million issuance completed in February 2026 under a SEK 1,500 million framework, refinancing prior SEK 400 million of bonds and earmarking proceeds for investments, acquisitions, and general corporate purposes.
Zengun AB firmographics
Firmographics- Name
- Zengun AB
- Legal name
- Zengun Group AB (publ)
- Website
- https://zengun.se/sv/
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Zengun AB (Zengun Group AB (publ)) is a Stockholm-based Swedish construction contractor founded in 2009 that delivers project-based construction services — on fixed-price and cost-plus contracts — to private and public property developers and commercial property owners across Sweden.
- Ownership category
- akta.pro rank
Zengun AB industry classification
Industry- Product category
- Construction Contracting Services
- NAICS
- Nonresidential Building Construction (2362)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Industrial/Process Plant General Contracting (IMAFAAAH)
Keywords
Where Zengun AB is headquartered
LocationHeadquarters
- HQ city
- Kista
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Zengun AB business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Others
Revenue model
- Construction Services: Project-based revenue from construction services for property developers and property owners. Revenue is generated through fixed-price contracts or cost-plus arrangements for construction projects, with income recognized as projects are completed.
Go-to-market motion1 record
Distribution channels1 record
Zengun AB product offering
Product offeringCore offering
Zengun AB provides construction contracting services to private and public property developers and commercial property owners in Sweden. The company delivers full-service construction capabilities across commercial construction (offices, retail spaces) and residential construction projects, managing execution from project inception through completion under fixed-price or cost-plus contracts.
Differentiator
Problem solved
Functional benefit
Companies that use Zengun AB
Customer profileSegments2 records
Ideal customer profiles2 records
Zengun AB technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Zengun AB partnerships and signals
Strategic signalScale indicators6 records
Recent moves4 records
Expansion highlights4 records
Zengun AB competitors and assessment
Company assessmentBroad incumbents
- Skanska AB: One of the world's largest construction groups headquartered in Sweden. While substantially larger and globally diversified, Skanska is a dominant Swedish construction incumbent competing for the same property developer projects.
Direct peers
- NCC AB: One of Sweden's largest construction and property development companies, directly competing with Zengun in commercial and residential construction projects for property developers across the Swedish market.
- JM AB: Major Swedish residential property developer that both builds and develops projects. Overlaps with Zengun in residential construction services for the Stockholm and broader Swedish market.
- Peab AB: Leading Swedish construction and civil engineering group operating across commercial, residential, and infrastructure projects. Directly competes with Zengun for property developer contracts in Sweden.
- Bonava AB: Swedish residential property developer active in multiple Nordic and Baltic markets. Competes with Zengun for residential construction contracts and shares customer overlap with Swedish property developers.
Regional players
- AF Gruppen ASA: Norwegian contracting and property group with Swedish operations. Comparable mid-sized construction peer with similar project-based business model serving property developers and commercial clients in the Nordic region.
- Heijmans N.V. Dutch construction and property development company with a similar profile of serving property developers and commercial clients in its home market. Comparable in scale and business model, though focused on the Netherlands.
- YIT Corporation: Finnish construction company operating across the Nordics and Baltic states. Comparable in terms of project-based construction services for residential and commercial property developers, though primarily active in different geographies.
- Veidekke ASA: Norwegian-headquartered construction group with significant Swedish operations. Comparable in business model and customer focus, though primarily serves the Norwegian and broader Nordic market alongside Swedish projects.
Others
- Wihlborgs Fastigheter AB: Swedish commercial property developer and owner. While primarily a customer of construction services rather than a direct competitor, Wihlborgs represents a representative example of the type of commercial property client Zengun serves in the Swedish market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat1 record
Key risks5 records
Key highlights6 records
Customer concentration
Zengun AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zengun AB leadership team
Management profileNumber of profiles
Zengun AB funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zengun AB 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 Zengun AB
What does Zengun AB do?
Zengun AB provides construction contracting services to private and public property developers and commercial property owners in Sweden. The company delivers full-service construction capabilities across commercial construction (offices, retail spaces) and residential construction projects, managing execution from project inception through completion under fixed-price or cost-plus contracts.
Is Zengun AB a public or private company?
Zengun AB is a public company. It is classified as public and is currently operating.
When was Zengun AB founded?
Zengun AB was founded in 2009. It employs 101 to 250 people.
Where is Zengun AB based?
Zengun AB is headquartered in Kista, Sweden, in the Europe region.
How does Zengun AB make money?
One revenue line is on record: construction Services.
Who are Zengun AB's main competitors?
Skanska AB is listed as a broad incumbent. Direct peers are NCC AB, JM AB, Peab AB and Bonava AB. Regional players are AF Gruppen ASA, Heijmans N.V., YIT Corporation and Veidekke ASA. Wihlborgs Fastigheter AB is listed as an others.
Does Zengun AB have an API?
No public API is recorded for Zengun AB.
What industry is Zengun AB in?
Zengun AB's product category is Construction Contracting Services. Its primary akta.pro industry code is IMAFAAAH, Industrial/Process Plant General Contracting. Its NAICS code is 2362 and its SIC code is 1540.