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Bergteamet

Full company profile

uuid000k6vy

Namestring
Bergteamet
Legal namestring
Bergteamet AB
Websiteurl
bergteamet.se
Company typeenum
Private
Founded yearint
1999
Descriptiontext

Bergteamet AB is a Swedish underground-infrastructure contractor founded in 1999 and headquartered in Boliden. The company delivers three core service lines — tunnel and mining operations (tunnel driving, drift mining, dynamic rock reinforcement), shaft and special projects (shaft creation, renovation, shotcrete, cable bolting, pipe lowering, video inspection), and machine fleet with service (one of Europe's most extensive underground equipment fleets with an in-house workshop and field mechanics). Bergteamet serves three vertical segments: mining companies (Boliden, LKAB, Botnia Exploration, Somincor/Lundin Mining), infrastructure developers (AF Gruppen, Implenia, Svenska Kraftnät), and utility companies requiring hydroelectric and nuclear underground works.

The company's competitive position rests on proprietary remote-controlled equipment developed in-house — including a Shotcrete Robot (standard reach 350m, record 630m), a remote-controlled Bolt Drilling Platform that cuts in-shaft worker time by 80%, the Shaft Cable Bolt Rig (a unique Epiroc-Cabletec-based machine for narrow shafts), the Mobile Shaft Hoisting System, and an 800m-rated underwater camera housing. Its operational framework — BOSS safety system and WeCare code of conduct aligned with UN Global Compact — formalizes its safety brand.

Bergteamet generates revenue primarily through project-based professional-services contracts as a direct contractor or subcontractor to mining majors and infrastructure developers, with supplementary income from rental of specialized equipment with operators (e.g., to Somincor in Portugal). Pricing is project-specific and quote-based. Since 2021, the company has been 75%-owned by LKAB through Högkammen AB, formalizing its role as a strategic supplier to Sweden's largest iron-ore miner while retaining independent contractor status.

Short descriptiontext

Bergteamet is a Swedish underground-infrastructure contractor specializing in tunnel driving, shaft sinking, and rock reinforcement for mining companies and infrastructure developers across the Nordics, leveraging one of Europe's most extensive underground equipment fleets and proprietary remote-controlled shaft robotics.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBoliden, Sweden
HQ citystring
Boliden
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
underground mining services, tunnel construction, shaft sinking, rock reinforcement, mine development
Industry4 codes
1Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul)
CodeIMAKAKADPrimaryYes
2Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems)
CodeIMAKANABPrimaryNo
3Specialized Lifting Systems (Hydraulic Gantries, Strand Jacks, Jacking Systems)
CodeIMAHAJAOPrimaryNo
4Rock Drilling & Blasthole Drilling Equipment
CodeIMAHAMACPrimaryNo
NAICS code3 codes
  • Mining Machinery and Equipment Manufacturing333131
  • Support Activities for Metal Mining213114
  • Support Activities for Mining2131
SIC code2 codes
  • Mining Machinery & Equip (No Oil & Gas Field Mach & Equip)3532
  • Heavy Construction Other Than Bldg Const - Contractors1600
Product category
Underground Mining Contracting Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Underground Infrastructure Construction Services
TypeProfessional Services
Description

Bergteamet generates revenue primarily through providing underground infrastructure construction services including tunnel driving, shaft sinking, and rock reinforcement to mining companies and infrastructure developers. The company operates as a contractor/subcontractor on project-based engagements, delivering specialized services for underground excavations, ventilation shafts, and mine development.

bergteamet.se
2Equipment Rental and Specialized Services
TypeManaged Services
Description

Revenue is also generated through rental of specialized underground equipment such as the shotcrete robot and providing operators/technicians for equipment operation. For example, the shotcrete robot was rented out to Somincor in Portugal.

bergteamet.se
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Bergteamet is a Swedish underground infrastructure contractor that performs tunnel driving, shaft sinking, rock reinforcement, and production mining for mining companies and infrastructure developers. The company operates one of Europe's most extensive machine fleets for underground work and develops proprietary remote-controlled equipment (such as shaft cable bolt rigs and shotcrete robots) that is rented out with operators for shaft reinforcement projects internationally.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 80% reduction in time workers spend in shafts through use of remote-controlled equipment
+4 more records
Product overview1 text field

Bergteamet is an underground infrastructure contractor offering integrated services for mines and infrastructure projects. The company operates three core service divisions: Tunnel and Mining Operations (including drift mining, rock reinforcement, and development), Shaft and Special Projects (covering all shaft-related work from manual to robotic methods), and Machine Fleet with Service (one of Europe's most extensive underground machine fleets). The company has developed proprietary specialized equipment including the Shaft Cable Bolt Rig, Remote-Controlled Bolt Drilling Robot, and Concrete Spraying Robot. Operations are guided by internal frameworks including BOSS (safety system) and WeCare (code of conduct), adhering to BRAGS industry guidelines. Services span Sweden, Norway, and broader Nordic regions with major projects including E4 Stockholm Bypass infrastructure and deep mining operations.

Product and service8 records
1Tunnel and Mining Operations
CategoryUnderground construction services
Description

Underground infrastructure services including tunnel driving, drift mining, ore extraction, rock reinforcement, and development work delivered to mining companies and infrastructure project owners.

2Shaft and Special Projects
CategoryUnderground construction services
Description

Comprehensive shaft work services covering new shaft creation and renovation in rock, including shotcrete, rock bolts, cable bolts, pipe lowering, video inspection, elevator and media installation, ranging from manual preparation to robotic reinforcement.

3Machine Fleet and Service
CategoryEquipment services
Description

One of Europe's most extensive machine fleets for underground work, including an in-house service organization with a workshop in Boliden and field service technicians deployed across mine sites.

4Shaft Cable Bolt Rig
CategorySpecialized equipment
Description

Proprietary remote-controlled machine for rock reinforcement in narrow shafts, based on a modified Epiroc Cabletec platform, capable of installing cable bolts longer than the shaft's diameter. Offered as specialized equipment for shaft reinforcement projects.

5Remote-Controlled Bolt Drilling Robot
CategorySpecialized equipment
Description

Robot for drilling bolt rows in shafts, winched down 1.5 meters at a time and controlled wirelessly via radio from a cabin near the shaft. Reduces time workers spend in shafts by approximately 80 percent. Offered as specialized shaft equipment.

6Concrete Spraying Robot (Sprutrobot)
CategorySpecialized equipment
Description

Complete remote-controlled equipment for automated concrete spraying of shafts, capable of spraying wet shotcrete up to 350 meters standard with a record of 630 meters achieved. Rented internationally, e.g., to Somincor in Portugal.

7Mobile Shaft Hanging System (Mobil schakthängställning)
CategorySpecialized equipment
Description

Mobile scaffolding design based on a standard mobile crane for rope-borne work platforms lowered into shafts for strengthening, renovation, and maintenance work. Approved for transporting people and manual work.

8Underwater Camera Housing
CategorySpecialized equipment
Description

Custom aluminum camera housing developed with GMK for underwater filming in extreme conditions, handling pressure up to 80 bar (approximately 800 meters depth) and adapted for GoPro cameras with 4K resolution capability.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeTechnology or Integration
Description

Partnership for development of Shaft Cable Bolt Rig. The machine is based on Epiroc Cabletec platform. Epiroc provides the base machine which Bergteamet modifies with custom equipment for remote-controlled cable bolt installation in narrow shafts.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Bergteamet serves as main contractor for underground operations at Botnia Exploration's new Fäbodtjärn gold mine. This is a strategic partnership where Bergteamet provides complete underground infrastructure services for Sweden's first new mine in 10 years.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Bergteamet works as subcontractor to Norwegian AF Gruppen on E4 Stockholm Bypass project, performing eight ventilation shafts for the major road tunnel. This is the largest infrastructure contract in Bergteamet history.

Strategic tierMajorTypeStrategic or Co-development Partner
Description

Bergteamet served as subcontractor to Implenia for underground construction of the Katarinaberget bus terminal as part of the Slussen area redevelopment in Stockholm. Developed innovative solutions for complex tunnel construction in vibration-sensitive urban environment.

Strategic tierMajorTypeImplementation/ SI/ Consulting Partner
Description

Partnership on shaft projects where MasterDrilling performs raise boring and Bergteamet handles subsequent reinforcement work. Projects include Renström mine shafts and City Link power supply shafts in Stockholm.

Strategic tierMinorTypeImplementation/ SI/ Consulting Partner
Description

Partnership on Portugal project where Drillcon provided drilling services and Bergteamet provided shotcrete robot equipment and training for Somincor's mine shaft reinforcement.

Strategic tierMinorTypeImplementation/ SI/ Consulting Partner
Description

Safety and environmental support partner for major infrastructure projects, providing expertise on safety and environmental compliance requirements.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Sweden's largest iron ore miner and 75% owner of Bergteamet. LKAB operates extensive underground mines (Kiruna, Malmberget) and uses both internal crews and contractors like Bergteamet for shaft sinking, tunnel driving and rock reinforcement, making it a comparable operator of underground infrastructure within the same geography.

TypeDirect peer
Description

South Africa-headquartered mining services contractor specializing in raise boring, shaft sinking and underground mine development. Already a documented Bergteamet partner on shaft projects, and directly comparable as a specialized underground contractor serving global mining operators.

TypeBroad incumbent
Description

Swiss-based construction and infrastructure services group with substantial underground tunneling and civil works capability. Active Bergteamet customer on the Slussen bus terminal underground project, and competes in similar large-diameter underground excavation and tunneling work in Europe.

TypeBroad incumbent
Description

Norwegian-based construction group with significant civil and underground infrastructure operations. Active Bergteamet customer on the E4 Stockholm Bypass ventilation shafts, and operates similar shaft/tunneling contracting capabilities across Scandinavia.

TypeBroad incumbent
Description

One of Sweden's largest construction groups, with underground infrastructure and civil engineering capabilities relevant to tunnel and shaft projects. Comparable to Bergteamet as a Nordic-headquartered competitor in underground construction, though Bergteamet is more specialized in mining-grade rock reinforcement.

TypeBroad incumbent
Description

Swedish-headquartered construction and project development group with global underground/tunneling operations. Comparable to Bergteamet as a Nordic competitor in heavy civil and underground infrastructure, though at significantly larger scale and broader scope.

TypeRegional player
Description

Norwegian construction group active in civil engineering and infrastructure across Scandinavia. Comparable to Bergteamet in terms of Nordic regional underground/civil work, though primarily Norway-focused rather than Sweden-focused.

TypeBroad incumbent
Description

Swedish construction and civil engineering group with infrastructure operations including underground work. Comparable Nordic-headquartered competitor in heavy civil construction serving similar Swedish infrastructure customers.

TypeOthers
Description

Swedish-headquartered global mining and infrastructure equipment manufacturer. Bergteamet's development partner for the Shaft Cable Bolt Rig (based on Epiroc Cabletec platform), and an enabling/supplier that could also compete with Bergteamet if it internalizes shaft robotic solutions.

TypeOthers
Description

Swedish engineering group and major global supplier of underground mining equipment and rock tools. Comparable adjacent player to Bergteamet in the underground mining equipment ecosystem, providing equipment Bergteamet uses while also serving overlapping end-customers.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers13 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Bergteamet

Underground Mining Contracting Servicesbergteamet.se

Bergteamet is a Swedish underground-infrastructure contractor specializing in tunnel driving, shaft sinking, and rock reinforcement for mining companies and infrastructure developers across the Nordics, leveraging one of Europe's most extensive underground equipment fleets and proprietary remote-controlled shaft robotics.

What Bergteamet does

Bergteamet AB is a Swedish underground-infrastructure contractor founded in 1999 and headquartered in Boliden. The company delivers three core service lines — tunnel and mining operations (tunnel driving, drift mining, dynamic rock reinforcement), shaft and special projects (shaft creation, renovation, shotcrete, cable bolting, pipe lowering, video inspection), and machine fleet with service (one of Europe's most extensive underground equipment fleets with an in-house workshop and field mechanics). Bergteamet serves three vertical segments: mining companies (Boliden, LKAB, Botnia Exploration, Somincor/Lundin Mining), infrastructure developers (AF Gruppen, Implenia, Svenska Kraftnät), and utility companies requiring hydroelectric and nuclear underground works.

The company's competitive position rests on proprietary remote-controlled equipment developed in-house — including a Shotcrete Robot (standard reach 350m, record 630m), a remote-controlled Bolt Drilling Platform that cuts in-shaft worker time by 80%, the Shaft Cable Bolt Rig (a unique Epiroc-Cabletec-based machine for narrow shafts), the Mobile Shaft Hoisting System, and an 800m-rated underwater camera housing. Its operational framework — BOSS safety system and WeCare code of conduct aligned with UN Global Compact — formalizes its safety brand.

Bergteamet generates revenue primarily through project-based professional-services contracts as a direct contractor or subcontractor to mining majors and infrastructure developers, with supplementary income from rental of specialized equipment with operators (e.g., to Somincor in Portugal). Pricing is project-specific and quote-based. Since 2021, the company has been 75%-owned by LKAB through Högkammen AB, formalizing its role as a strategic supplier to Sweden's largest iron-ore miner while retaining independent contractor status.

Bergteamet firmographics

Firmographics
Name
Bergteamet
Legal name
Bergteamet AB
Website
https://bergteamet.se
Company type
Private
Founded year
1999
Operating status
Operating
Headcount range
51–100 employees
Short description
Bergteamet is a Swedish underground-infrastructure contractor specializing in tunnel driving, shaft sinking, and rock reinforcement for mining companies and infrastructure developers across the Nordics, leveraging one of Europe's most extensive underground equipment fleets and proprietary remote-controlled shaft robotics.
Ownership category
akta.pro rank

Bergteamet industry classification

Industry
Product category
Underground Mining Contracting Services
NAICS
Mining Machinery and Equipment Manufacturing (333131), Support Activities for Metal Mining (213114), Support Activities for Mining (2131)
SIC
Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Heavy Construction Other Than Bldg Const - Contractors (1600)
akta.pro primary industry
Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)
akta.pro secondary industries
Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems) (IMAKANAB), Specialized Lifting Systems (Hydraulic Gantries, Strand Jacks, Jacking Systems) (IMAHAJAO), Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC)

Keywords

  • Underground mining services
  • Tunnel construction
  • Shaft sinking
  • Rock reinforcement
  • Mine development

Where Bergteamet is headquartered

Location

Headquarters

HQ city
Boliden
HQ country
Sweden
HQ region
Europe

Offices8 records

Markets served

Bergteamet business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

  1. Underground Infrastructure Construction Services: Bergteamet generates revenue primarily through providing underground infrastructure construction services including tunnel driving, shaft sinking, and rock reinforcement to mining companies and infrastructure developers. The company operates as a contractor/subcontractor on project-based engagements, delivering specialized services for underground excavations, ventilation shafts, and mine development.
  2. Equipment Rental and Specialized Services: Revenue is also generated through rental of specialized underground equipment such as the shotcrete robot and providing operators/technicians for equipment operation. For example, the shotcrete robot was rented out to Somincor in Portugal.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Bergteamet product offering

Product offering

Core offering

Bergteamet is a Swedish underground infrastructure contractor that performs tunnel driving, shaft sinking, rock reinforcement, and production mining for mining companies and infrastructure developers. The company operates one of Europe's most extensive machine fleets for underground work and develops proprietary remote-controlled equipment (such as shaft cable bolt rigs and shotcrete robots) that is rented out with operators for shaft reinforcement projects internationally.

Product overview

Bergteamet is an underground infrastructure contractor offering integrated services for mines and infrastructure projects. The company operates three core service divisions: Tunnel and Mining Operations (including drift mining, rock reinforcement, and development), Shaft and Special Projects (covering all shaft-related work from manual to robotic methods), and Machine Fleet with Service (one of Europe's most extensive underground machine fleets). The company has developed proprietary specialized equipment including the Shaft Cable Bolt Rig, Remote-Controlled Bolt Drilling Robot, and Concrete Spraying Robot. Operations are guided by internal frameworks including BOSS (safety system) and WeCare (code of conduct), adhering to BRAGS industry guidelines. Services span Sweden, Norway, and broader Nordic regions with major projects including E4 Stockholm Bypass infrastructure and deep mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tunnel and Mining Operations Underground infrastructure services including tunnel driving, drift mining, ore extraction, rock reinforcement, and development work delivered to mining companies and infrastructure project owners.
  • Shaft and Special Projects Comprehensive shaft work services covering new shaft creation and renovation in rock, including shotcrete, rock bolts, cable bolts, pipe lowering, video inspection, elevator and media installation, ranging from manual preparation to robotic reinforcement.
  • Machine Fleet and Service One of Europe's most extensive machine fleets for underground work, including an in-house service organization with a workshop in Boliden and field service technicians deployed across mine sites.
  • Shaft Cable Bolt Rig Proprietary remote-controlled machine for rock reinforcement in narrow shafts, based on a modified Epiroc Cabletec platform, capable of installing cable bolts longer than the shaft's diameter. Offered as specialized equipment for shaft reinforcement projects.
  • Remote-Controlled Bolt Drilling Robot Robot for drilling bolt rows in shafts, winched down 1.5 meters at a time and controlled wirelessly via radio from a cabin near the shaft. Reduces time workers spend in shafts by approximately 80 percent. Offered as specialized shaft equipment.
  • Concrete Spraying Robot (Sprutrobot) Complete remote-controlled equipment for automated concrete spraying of shafts, capable of spraying wet shotcrete up to 350 meters standard with a record of 630 meters achieved. Rented internationally, e.g., to Somincor in Portugal.
  • Mobile Shaft Hanging System (Mobil schakthängställning) Mobile scaffolding design based on a standard mobile crane for rope-borne work platforms lowered into shafts for strengthening, renovation, and maintenance work. Approved for transporting people and manual work.
  • Underwater Camera Housing Custom aluminum camera housing developed with GMK for underwater filming in extreme conditions, handling pressure up to 80 bar (approximately 800 meters depth) and adapted for GoPro cameras with 4K resolution capability.

Quantifiable outcome

  • 80% reduction in time workers spend in shafts through use of remote-controlled equipment
  • +4 more outcomes

Companies that use Bergteamet

Customer profile

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Bergteamet technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

Bergteamet partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core, major and minor.

  • EpiroccoreTechnology or IntegrationPartnership for development of Shaft Cable Bolt Rig. The machine is based on Epiroc Cabletec platform. Epiroc provides the base machine which Bergteamet modifies with custom equipment for remote-controlled cable bolt installation in narrow shafts.
  • Botnia ExplorationcoreStrategic or Co-development PartnerBergteamet serves as main contractor for underground operations at Botnia Exploration's new Fäbodtjärn gold mine. This is a strategic partnership where Bergteamet provides complete underground infrastructure services for Sweden's first new mine in 10 years.
  • AF GruppencoreStrategic or Co-development PartnerBergteamet works as subcontractor to Norwegian AF Gruppen on E4 Stockholm Bypass project, performing eight ventilation shafts for the major road tunnel. This is the largest infrastructure contract in Bergteamet history.
  • ImpleniamajorStrategic or Co-development PartnerBergteamet served as subcontractor to Implenia for underground construction of the Katarinaberget bus terminal as part of the Slussen area redevelopment in Stockholm. Developed innovative solutions for complex tunnel construction in vibration-sensitive urban environment.
  • MasterDrillingmajorImplementation/ SI/ Consulting PartnerPartnership on shaft projects where MasterDrilling performs raise boring and Bergteamet handles subsequent reinforcement work. Projects include Renström mine shafts and City Link power supply shafts in Stockholm.
  • DrillconminorImplementation/ SI/ Consulting PartnerPartnership on Portugal project where Drillcon provided drilling services and Bergteamet provided shotcrete robot equipment and training for Somincor's mine shaft reinforcement.
  • H Safety ABminorImplementation/ SI/ Consulting PartnerSafety and environmental support partner for major infrastructure projects, providing expertise on safety and environmental compliance requirements.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Bergteamet competitors and assessment

Company assessment

Broad incumbents

  • LKAB (Luossavaara-Kiirunavaara): Sweden's largest iron ore miner and 75% owner of Bergteamet. LKAB operates extensive underground mines (Kiruna, Malmberget) and uses both internal crews and contractors like Bergteamet for shaft sinking, tunnel driving and rock reinforcement, making it a comparable operator of underground infrastructure within the same geography.
  • Implenia AG: Swiss-based construction and infrastructure services group with substantial underground tunneling and civil works capability. Active Bergteamet customer on the Slussen bus terminal underground project, and competes in similar large-diameter underground excavation and tunneling work in Europe.
  • AF Gruppen: Norwegian-based construction group with significant civil and underground infrastructure operations. Active Bergteamet customer on the E4 Stockholm Bypass ventilation shafts, and operates similar shaft/tunneling contracting capabilities across Scandinavia.
  • NCC AB: One of Sweden's largest construction groups, with underground infrastructure and civil engineering capabilities relevant to tunnel and shaft projects. Comparable to Bergteamet as a Nordic-headquartered competitor in underground construction, though Bergteamet is more specialized in mining-grade rock reinforcement.
  • Skanska AB: Swedish-headquartered construction and project development group with global underground/tunneling operations. Comparable to Bergteamet as a Nordic competitor in heavy civil and underground infrastructure, though at significantly larger scale and broader scope.
  • Peab AB: Swedish construction and civil engineering group with infrastructure operations including underground work. Comparable Nordic-headquartered competitor in heavy civil construction serving similar Swedish infrastructure customers.

Direct peers

  • Master Drilling Group: South Africa-headquartered mining services contractor specializing in raise boring, shaft sinking and underground mine development. Already a documented Bergteamet partner on shaft projects, and directly comparable as a specialized underground contractor serving global mining operators.

Regional players

  • Veidekke ASA: Norwegian construction group active in civil engineering and infrastructure across Scandinavia. Comparable to Bergteamet in terms of Nordic regional underground/civil work, though primarily Norway-focused rather than Sweden-focused.

Others

  • Epiroc AB: Swedish-headquartered global mining and infrastructure equipment manufacturer. Bergteamet's development partner for the Shaft Cable Bolt Rig (based on Epiroc Cabletec platform), and an enabling/supplier that could also compete with Bergteamet if it internalizes shaft robotic solutions.
  • Sandvik AB: Swedish engineering group and major global supplier of underground mining equipment and rock tools. Comparable adjacent player to Bergteamet in the underground mining equipment ecosystem, providing equipment Bergteamet uses while also serving overlapping end-customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Bergteamet social profiles

Digital presence

Bergteamet financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Bergteamet leadership team

Management profile

Number of profiles

Profiles6 records

Bergteamet funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Bergteamet M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bergteamet

What does Bergteamet do?

Bergteamet is a Swedish underground infrastructure contractor that performs tunnel driving, shaft sinking, rock reinforcement, and production mining for mining companies and infrastructure developers. The company operates one of Europe's most extensive machine fleets for underground work and develops proprietary remote-controlled equipment (such as shaft cable bolt rigs and shotcrete robots) that is rented out with operators for shaft reinforcement projects internationally.

Is Bergteamet a public or private company?

Bergteamet is a private company. It is classified as corporate owned and is currently operating.

When was Bergteamet founded?

Bergteamet was founded in 1999. It employs 51 to 100 people.

Where is Bergteamet based?

Bergteamet is headquartered in Boliden, Sweden, in the Europe region.

How does Bergteamet make money?

Two revenue lines are on record. Underground Infrastructure Construction Services are the primary driver. The others are equipment Rental and Specialized Services.

Who are Bergteamet's main competitors?

Broad incumbents on record are LKAB (Luossavaara-Kiirunavaara), Implenia AG, AF Gruppen, NCC AB, Skanska AB and Peab AB. Master Drilling Group is listed as a direct peer. Veidekke ASA is listed as a regional player. Others are Epiroc AB and Sandvik AB.

Does Bergteamet have an API?

No public API is recorded for Bergteamet.

What industry is Bergteamet in?

Bergteamet's product category is Underground Mining Contracting Services. Its primary akta.pro industry code is IMAKAKAD, Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul), with a secondary code of IMAKANAB, Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems). Its NAICS code is 333131 and its SIC code is 3532.

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Dagens industriFirst North-listat gruvbolag drabbat av brandA fire broke out in an isolated storage shed at Fäbodtjärnsgruvan, with rescue services on scene and no injuries reported. The blaze damaged special vehicles owned by Botnia Gold and Bergteamet, and the company expects production to be affected for a period. Further updates will be given once the damage and production impact are clear.GlobeNewswireBergteamet AB offentliggör årsbokslut september 2018- augusti 2019Bergteamet AB reported revenue of 454 MSEK for the fiscal year 2018-2019, up 21 MSEK from the prior period. The increase is attributed to two larger projects in Finland. The company also continued activities to stabilize and improve operations.GlobeNewswireBergteamet AB offentliggör delårsbokslut september 2018-februari 2019Bergteamet reported revenue of KSEK 237,524 for the six months ended February 28, 2019, up from KSEK 193,979. The company posted a loss of KSEK 3,439, down from KSEK 12,817, with a provision of KSEK 10.5 million for a Finnish fixed-price project.GlobeNewswireBergteamet AB offentliggör årsbokslut september 2017 - augusti 2018Bergteamet AB published its annual report for the period September 2017 to August 2018, showing revenue of 433 MSEK, an increase of 89 MSEK over the prior year. The company attributed the growth to increased demand for its services and two larger projects initiated during the period.GlobeNewswireListing of bond loan issued by Bergteamet AB on STO FN Bond Market Institutional (515/15)NASDAQ OMX Stockholm officially listed a bond loan issued by Bergteamet AB on the STO FN Bond Market Institutional, effective June 22, 2015. The listing was announced on June 18, 2015, with instrument identifiers provided in an attached document.GlobeNewswireDelisting of bond loans issued by Bergteamet Holding AB (9/15)NASDAQ OMX Stockholm delisted a bond loan issued by Bergteamet Holding AB, effective March 2, 2015. The instrument is halted and trading will not be resumed. The notice references press releases from February 23 and 27, 2015.GlobeNewswireCorrection of exchange notice (6/15): Trading halt in Corporate Bonds issued by Bergteamet Holding AB (8/15)Bergteamet Holding AB's corporate bonds were halted on Nasdaq Stockholm until further notice, following a press release from February 23, 2015. The halt was made under the Swedish Securities Markets Act, and the Swedish Financial Supervisory Authority approved it.GlobeNewswireNew agreement with Bergteamet for underground work in Dannemora mineDannemora Magnetit signed an agreement with Bergteamet AB for underground work in the Dannemora mine, including a ramp connection to the surface. The ramp is about 1,650 metres long, and the contract is worth around MSEK 170, covering up to 2,000 metres of drift and 60,000 drilling metres.GlobeNewswireDannemora starts trial delivery productionDannemora started trial delivery production of iron ore for spring shipments to European steel companies, producing about 60,000 finished products. Bergteamet AB will produce 160,000 tonnes of crude ore, and mining is due to start shortly. Final testing and long-term supply negotiations are expected after blast furnace tests.FinSMEsSwedish Bergteamet Raises Private Equity Funding for GrowthBergteamet raised funding from Accent Equity, a Nordic private equity firm, to expand into new geographical markets and business segments. The company, with 340 employees and SEK 830m annual turnover, will keep its founders as owners. The deal is conditional on Swedish Competition Authority approval and expected in mid-December.