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Scandi Byg

Full company profile

uuid000lvt8

Namestring
Scandi Byg
Legal namestring
Scandi Byg a/s
Websiteurl
scandibyg.dk
Company typeenum
Private
Founded yearint
1978
Descriptiontext

Scandi Byg is a Danish modular construction manufacturer specializing in large, room-sized building modules produced under factory-controlled conditions in Løgstør, Northern Jutland (approximately 50 km from Aalborg). Founded in 1978, the company has more than 45 years of experience in industrial production of wood load-bearing modules, and positions itself as the market leader in Danish modular construction. Its product portfolio covers residential buildings (social housing, student housing, senior housing, private residential), commercial offices, institutional facilities (schools, daycare), and research/healthcare buildings, with named customers including PensionDanmark, Novo Nordisk, Eurofins, DTU, Region Midtjylland, Metroselskabet, Københavns Kommune, and Tårnby Kommune.

The underlying technology is a proprietary room-sized modular system using FSC/PEFC-certified wood for all load-bearing structures, assembled on-site from factory-produced modules. Scandi Byg holds a Swan Label construction license, ISO 45001 occupational health certification, and DGNB Gold capability, and claims a market-first position in integrating Life Cycle Assessment (LCA) screening into its quotation software with CALCA. Supporting sustainability metrics include an 87.3% waste recycling rate across 34 sorted fractions (2023) and LCA results as low as 4.7 kg CO2e/m²/year on the Nærheden project with Home.Earth, targeting under 4.0 kg CO2e/m²/year on the upcoming HTC development.

Revenue is generated through project-based contracts, primarily totalentreprise (turnkey) and hovedentreprise (main contractor) arrangements, executed via a direct enterprise sales motion. The AlmenBolig+ affordable housing concept is priced from 7,500 DKK/m² and built under multi-year framework agreements with KAB and partners. Scandi Byg was acquired by Nordic Wood Industries in summer 2023, filed for bankruptcy in January 2025 following two large problematic projects for the same client, and was subsequently re-established by the parent company as a smaller operation with roughly 85 employees under new CEO Mads Seneca Simonsen. Operations currently focus on less complex modular construction projects across Denmark and selected Northern European markets (Faroe Islands, Greenland, Germany).

Short descriptiontext

Scandi Byg is a Danish manufacturer of industrial, room-sized wood modular buildings serving housing associations, municipalities, and private developers across residential, institutional, commercial, and healthcare segments in Denmark and selected Northern European markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersLøgstør, Denmark
HQ citystring
Løgstør
HQ countrystring
Denmark
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
modular building construction, industrial modular manufacturing, wooden building modules, prefabricated housing systems, sustainable modular construction
Industry4 codes
1Residential Modular & Prefabricated Home Construction
CodeIMAFABAFPrimaryNo
2Modular/Offsite General Contracting & Installation
CodeIMAFAAAKPrimaryNo
3Residential Design-Build & Renovation-Integrated Builders
CodeIMAFABAEPrimaryNo
4Wood Trusses, I-Joists & Framing Components
CodeIMADADADPrimaryNo
NAICS code2 codes
  • Prefabricated Wood Building Manufacturing321992
  • New Housing For-Sale Builders236117
SIC code3 codes
  • Prefabricated Wood Bldgs & Components2452
  • General Bldg Contractors - Residential Bldgs1520
  • Millwood, Veneer, Plywood, & Structural Wood Members2430
Product category
Modular Construction
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Modular Construction Contracts
TypeOne Time License
Description

Revenue generated through totalentreprise (turnkey) and hovedentreprise (main) construction contracts for modular buildings. Projects include residential (housing associations, private developers), institutional (schools, daycare), commercial offices, and healthcare/research facilities.

scandibyg.dk
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

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

Cost components7 values
Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Pricing details1 tier
1AlmenBolig+ flexible housing concept
ModelUnit PricingBilling cadenceMulti-year contract
Notes

Can be constructed from 7,500 kr/m². Concept developed with KAB for affordable social housing with low construction and operating costs.

scandibyg.dk
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Scandi Byg designs, manufactures and assembles modular buildings from large, room-sized wood-based modules produced under factory-controlled conditions in Løgstør, Denmark. Projects are delivered as totalentreprise (turnkey) or hovedentreprise (main contract) construction engagements for residential, commercial office, institutional, and research/healthcare buildings. The modules use FSC/PEFC-certified wood as load-bearing structure and can be certified under Svanemærket and DGNB standards.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 87.3% waste recycling rate achieved in 2023
+4 more records
Product overview1 text field

Scandi Byg is a modular construction company with over 45 years of experience specializing in industrially manufactured room-sized modules for residential, commercial, institutional, and research/healthcare buildings. The company operates as part of Nordic Wood Industries and produces modules at their factory in Løgstør, Denmark. Their core product is modular building with wooden load-bearing structures, complemented by climate-friendly building services, VR visualization tools (ScandiByg Domino), and ESG reporting. They offer various certification levels including Svanemærket and DGNB Guld, and serve markets across Denmark and selected countries in Northern Europe through their AlmenBolig+ housing concept and other project categories.

Product and service8 records
1Modular Building (Modulbyggeri)
CategoryModular Construction (Core Service)
Description

Industrial modular building offering producing room-sized modules customized to customer needs and efficiently assembled on-site. Delivered under totalentreprise (turnkey) or hovedentreprise (main contract) construction engagements for housing associations, private developers, municipalities, and commercial clients.

2Wood Modules (Træmoduler)
CategoryModular Construction Component
Description

Room-sized modules with wooden load-bearing constructions produced in the company's factory in Løgstør, featuring sustainable, climate-friendly solutions with wood as the primary structural material. The base modules can be combined in plan and height for flexible building layout.

3Climate-Friendly Building Service (Klimavenligt Byggeri)
CategorySustainable Construction Service
Description

Construction service offering focused on low CO2 emissions using wood as load-bearing structure and bio-based materials, targeting LCA results below 4.0 kg CO2e/m²/year and supporting DGNB, Svanemærket and EU taxonomy certification.

4AlmenBolig+ Housing Concept
CategoryModular Housing Concept (Sub-Brand)
Description

A housing concept developed with KAB for affordable, flexible modular social housing using a base building module containing kitchen, living area, bathroom and technical room, allowing customization after move-in. Can be constructed from DKK 7,500/m² under multi-year framework agreements such as AlmenBolig+ Rammeaftale 1 and 4.

5Residential Buildings (Boliger)
CategoryModular Construction Project Category
Description

Residential modular buildings including single-family homes, row houses, apartments, and student housing. Includes certified options such as Svanemærket (Nordic Swan) and DGNB Guld certified projects for housing associations, pension funds, and private developers.

6Office Buildings (Kontorer)
CategoryModular Construction Project Category
Description

Commercial office buildings and office expansions built using modular construction methods, including projects for metro companies, universities, and public institutions.

7Institutional Buildings (Institutioner)
CategoryModular Construction Project Category
Description

Daycare centres, schools, and educational institutions built with modular construction, including schools, childcare facilities, and integrated institutions for Danish municipalities.

8Research and Healthcare Buildings (Forskning & Sundhed)
CategoryModular Construction Project Category
Description

Research and healthcare facilities including hospital administrative buildings and laboratory complexes built with modular methods, delivered for clients such as Novo Nordisk, Eurofins, and Danish regions.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership11 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-01-01
Description

Ongoing collaboration on sustainable residential projects. Home.Earth develops housing with low climate footprint using Scandi Byg modules. Nærheden project achieved 4.7 kg CO₂e/m²/year. Extended partnership for HTC project targeting 4.0 kg CO₂e/m²/year.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2020-01-01
Description

Partnership agreement signed in spring 2020 for spreading modular timber construction to provide more affordable housing. Includes Studio[Home] concept with Lundtofte and Ballerup projects totaling over 790 student homes.

Strategic tierCoreTypeOthers
Description

Parent company that acquired Scandi Byg in summer 2023 and subsequently purchased parts of the bankrupt company in January 2025 for continuation. Nordic Wood Industries is one of Denmark's leading producers and suppliers of wood-based materials and prefabrication for sustainable construction.

Strategic tierMajorTypeStrategic or Co-development Partner
Description

Ongoing partnership for residential development including Solrækkerne project in NærHeden and other projects. MT Højgaard Projektudvikling has been a long-term collaboration partner.

Strategic tierMajorTypeTechnology or Integration
Description

Architectural firm that has collaborated on multiple projects including Studio[Lundtofte] and Rullestenen. Deep involvement in design and material selection.

6ONV Arkitekter
Strategic tierMajorTypeTechnology or Integration
Description

Architectural firm partnered on AlmenBolig+ Rammeaftale 1 and 4 projects including multiple housing developments across Denmark.

scandibyg.dk
Strategic tierMajorTypeTechnology or Integration
Description

Architectural firm collaborated on AlmenBolig+ Rammeaftale 4 and Store Solvænget project.

Strategic tierMajorTypeTechnology or Integration
Description

Engineering consultancy partner on AlmenBolig+ Rammeaftale 1 and 4 projects.

Strategic tierStrategicTypeTechnology or Integration
Description

Consultancy that helped Scandi Byg integrate LCA calculations into their quotation calculation program, enabling climate impact screening in bid phase.

10MARK
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Faroe Islands property company for whom Scandi Byg delivered 48 Swan-labeled apartments - the first Swan-labeled residential building in the Faroe Islands.

scandibyg.dk
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership for refugee housing village in Hamburg, Germany - 16 houses with 182 rooms housing 364 refugees.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Customer concentration

Classification, Details

Named customers12 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

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

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

No data
Compliance11 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

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

Investors

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 →

Scandi Byg

Modular Constructionscandibyg.dk

Scandi Byg is a Danish manufacturer of industrial, room-sized wood modular buildings serving housing associations, municipalities, and private developers across residential, institutional, commercial, and healthcare segments in Denmark and selected Northern European markets.

What Scandi Byg does

Scandi Byg is a Danish modular construction manufacturer specializing in large, room-sized building modules produced under factory-controlled conditions in Løgstør, Northern Jutland (approximately 50 km from Aalborg). Founded in 1978, the company has more than 45 years of experience in industrial production of wood load-bearing modules, and positions itself as the market leader in Danish modular construction. Its product portfolio covers residential buildings (social housing, student housing, senior housing, private residential), commercial offices, institutional facilities (schools, daycare), and research/healthcare buildings, with named customers including PensionDanmark, Novo Nordisk, Eurofins, DTU, Region Midtjylland, Metroselskabet, Københavns Kommune, and Tårnby Kommune.

The underlying technology is a proprietary room-sized modular system using FSC/PEFC-certified wood for all load-bearing structures, assembled on-site from factory-produced modules. Scandi Byg holds a Swan Label construction license, ISO 45001 occupational health certification, and DGNB Gold capability, and claims a market-first position in integrating Life Cycle Assessment (LCA) screening into its quotation software with CALCA. Supporting sustainability metrics include an 87.3% waste recycling rate across 34 sorted fractions (2023) and LCA results as low as 4.7 kg CO2e/m²/year on the Nærheden project with Home.Earth, targeting under 4.0 kg CO2e/m²/year on the upcoming HTC development.

Revenue is generated through project-based contracts, primarily totalentreprise (turnkey) and hovedentreprise (main contractor) arrangements, executed via a direct enterprise sales motion. The AlmenBolig+ affordable housing concept is priced from 7,500 DKK/m² and built under multi-year framework agreements with KAB and partners. Scandi Byg was acquired by Nordic Wood Industries in summer 2023, filed for bankruptcy in January 2025 following two large problematic projects for the same client, and was subsequently re-established by the parent company as a smaller operation with roughly 85 employees under new CEO Mads Seneca Simonsen. Operations currently focus on less complex modular construction projects across Denmark and selected Northern European markets (Faroe Islands, Greenland, Germany).

Scandi Byg firmographics

Firmographics
Name
Scandi Byg
Legal name
Scandi Byg a/s
Website
https://scandibyg.dk
Company type
Private
Founded year
1978
Operating status
Operating
Headcount range
251–500 employees
Short description
Scandi Byg is a Danish manufacturer of industrial, room-sized wood modular buildings serving housing associations, municipalities, and private developers across residential, institutional, commercial, and healthcare segments in Denmark and selected Northern European markets.
Ownership category
akta.pro rank

Where Scandi Byg is headquartered

Location

Headquarters

HQ city
Løgstør
HQ country
Denmark
HQ region
Europe

Offices3 records

Markets served

Scandi Byg business model

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

Revenue model

  1. Modular Construction Contracts: Revenue generated through totalentreprise (turnkey) and hovedentreprise (main) construction contracts for modular buildings. Projects include residential (housing associations, private developers), institutional (schools, daycare), commercial offices, and healthcare/research facilities.

Pricing tiers

ModelBillingPrice
Unit PricingMulti-year contractAlmenBolig+ flexible housing concept

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Scandi Byg product offering

Product offering

Core offering

Scandi Byg designs, manufactures and assembles modular buildings from large, room-sized wood-based modules produced under factory-controlled conditions in Løgstør, Denmark. Projects are delivered as totalentreprise (turnkey) or hovedentreprise (main contract) construction engagements for residential, commercial office, institutional, and research/healthcare buildings. The modules use FSC/PEFC-certified wood as load-bearing structure and can be certified under Svanemærket and DGNB standards.

Product overview

Scandi Byg is a modular construction company with over 45 years of experience specializing in industrially manufactured room-sized modules for residential, commercial, institutional, and research/healthcare buildings. The company operates as part of Nordic Wood Industries and produces modules at their factory in Løgstør, Denmark. Their core product is modular building with wooden load-bearing structures, complemented by climate-friendly building services, VR visualization tools (ScandiByg Domino), and ESG reporting. They offer various certification levels including Svanemærket and DGNB Guld, and serve markets across Denmark and selected countries in Northern Europe through their AlmenBolig+ housing concept and other project categories.

Differentiator

Problem solved

Functional benefit

Products and services

  • Modular Building (Modulbyggeri) Industrial modular building offering producing room-sized modules customized to customer needs and efficiently assembled on-site. Delivered under totalentreprise (turnkey) or hovedentreprise (main contract) construction engagements for housing associations, private developers, municipalities, and commercial clients.
  • Wood Modules (Træmoduler) Room-sized modules with wooden load-bearing constructions produced in the company's factory in Løgstør, featuring sustainable, climate-friendly solutions with wood as the primary structural material. The base modules can be combined in plan and height for flexible building layout.
  • Climate-Friendly Building Service (Klimavenligt Byggeri) Construction service offering focused on low CO2 emissions using wood as load-bearing structure and bio-based materials, targeting LCA results below 4.0 kg CO2e/m²/year and supporting DGNB, Svanemærket and EU taxonomy certification.
  • AlmenBolig+ Housing Concept A housing concept developed with KAB for affordable, flexible modular social housing using a base building module containing kitchen, living area, bathroom and technical room, allowing customization after move-in. Can be constructed from DKK 7,500/m² under multi-year framework agreements such as AlmenBolig+ Rammeaftale 1 and 4.
  • Residential Buildings (Boliger) Residential modular buildings including single-family homes, row houses, apartments, and student housing. Includes certified options such as Svanemærket (Nordic Swan) and DGNB Guld certified projects for housing associations, pension funds, and private developers.
  • Office Buildings (Kontorer) Commercial office buildings and office expansions built using modular construction methods, including projects for metro companies, universities, and public institutions.
  • Institutional Buildings (Institutioner) Daycare centres, schools, and educational institutions built with modular construction, including schools, childcare facilities, and integrated institutions for Danish municipalities.
  • Research and Healthcare Buildings (Forskning & Sundhed) Research and healthcare facilities including hospital administrative buildings and laboratory complexes built with modular methods, delivered for clients such as Novo Nordisk, Eurofins, and Danish regions.

Quantifiable outcome

  • 87.3% waste recycling rate achieved in 2023
  • +4 more outcomes

Companies that use Scandi Byg

Customer profile

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Scandi Byg technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Scandi Byg partnerships and signals

Strategic signal

Partnerships

Eleven partnerships are on record, tiered core, major, strategic and minor.

  • Home.EarthcoreStrategic or Co-development Partner · 1 January 2023Ongoing collaboration on sustainable residential projects. Home.Earth develops housing with low climate footprint using Scandi Byg modules. Nærheden project achieved 4.7 kg CO₂e/m²/year. Extended partnership for HTC project targeting 4.0 kg CO₂e/m²/year.
  • PensionDanmarkcoreStrategic or Co-development Partner · 1 January 2020Partnership agreement signed in spring 2020 for spreading modular timber construction to provide more affordable housing. Includes Studio[Home] concept with Lundtofte and Ballerup projects totaling over 790 student homes.
  • Nordic Wood IndustriescoreOthersParent company that acquired Scandi Byg in summer 2023 and subsequently purchased parts of the bankrupt company in January 2025 for continuation. Nordic Wood Industries is one of Denmark's leading producers and suppliers of wood-based materials and prefabrication for sustainable construction.
  • MT HøjgaardmajorStrategic or Co-development PartnerOngoing partnership for residential development including Solrækkerne project in NærHeden and other projects. MT Højgaard Projektudvikling has been a long-term collaboration partner.
  • VandkunstenmajorTechnology or IntegrationArchitectural firm that has collaborated on multiple projects including Studio[Lundtofte] and Rullestenen. Deep involvement in design and material selection.
  • ONV ArkitektermajorTechnology or IntegrationArchitectural firm partnered on AlmenBolig+ Rammeaftale 1 and 4 projects including multiple housing developments across Denmark.
  • JaJa ArchitectsmajorTechnology or IntegrationArchitectural firm collaborated on AlmenBolig+ Rammeaftale 4 and Store Solvænget project.
  • BasconmajorTechnology or IntegrationEngineering consultancy partner on AlmenBolig+ Rammeaftale 1 and 4 projects.
  • CALCAstrategicTechnology or IntegrationConsultancy that helped Scandi Byg integrate LCA calculations into their quotation calculation program, enabling climate impact screening in bid phase.
  • MARKminorStrategic or Co-development PartnerFaroe Islands property company for whom Scandi Byg delivered 48 Swan-labeled apartments - the first Swan-labeled residential building in the Faroe Islands.
  • Campus360 Fördern und WohnenminorStrategic or Co-development PartnerPartnership for refugee housing village in Hamburg, Germany - 16 houses with 182 rooms housing 364 refugees.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Scandi Byg competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat5 records

Customer concentration

Scandi Byg social profiles

Digital presence

Scandi Byg compliance and trust

Trust signal

Compliance11 records

Scandi Byg financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Scandi Byg leadership team

Management profile

Number of profiles

Profiles8 records

Scandi Byg funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Scandi Byg 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 Scandi Byg

What does Scandi Byg do?

Scandi Byg designs, manufactures and assembles modular buildings from large, room-sized wood-based modules produced under factory-controlled conditions in Løgstør, Denmark. Projects are delivered as totalentreprise (turnkey) or hovedentreprise (main contract) construction engagements for residential, commercial office, institutional, and research/healthcare buildings. The modules use FSC/PEFC-certified wood as load-bearing structure and can be certified under Svanemærket and DGNB standards.

Is Scandi Byg a public or private company?

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

When was Scandi Byg founded?

Scandi Byg was founded in 1978. It employs 251 to 500 people.

Where is Scandi Byg based?

Scandi Byg is headquartered in Løgstør, Denmark, in the Europe region.

How does Scandi Byg make money?

One revenue line is on record: modular Construction Contracts.

Does Scandi Byg have an API?

No public API is recorded for Scandi Byg.

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Live signals
BerlingskeTo nye lejlighedsbygninger på Amager Fælled skal rives nedFælledby, the developer of two new apartment buildings on Amager Fælled, decided to demolish them, affecting 172 units. The company offers compensation to affected owners and tenants, citing a Sweco assessment that the buildings are 'totally damaged' with significant defects. The decision follows the bankruptcy of general contractor Scandi Byg in 2025.GlobeNewswireMT Højgaard Holding A/S: Competition authorities approve sale of Scandi BygMT Højgaard Holding and Nordic Wood Industries received final competition authority approval for the sale of Scandi Byg, with completion planned for 31 December 2023. The sale price is expected to be about DKK 30 million, and the divestment does not affect the company's 2023 outlook, which remains at DKK 9.0-9.5 billion revenue and DKK 200-225 million operating profit.GlobeNewswireMT Højgaard Holding A/S: MT Højgaard Holding sells Scandi BygMT Højgaard Holding agreed to sell subsidiary Scandi Byg to Nordic Wood Industries, with the deal closing on 31 December 2023 pending competition approval. The sale price is expected to be about DKK 30 million, and the divestment will not affect the company's 2023 outlook.GlobeNewswireMT Højgaard Holding A/S: MT Højgaard Holding enters binding cooperation and option agreement for a sale of Scandi BygMT Højgaard Holding entered a binding cooperation and option agreement to sell Scandi Byg to Nordic Wood Industries. The deal includes a board seat for the buyer and a final price with variable elements, subject to Danish competition authority approval. Scandi Byg is expected to generate a loss of about DKK 46 million in 2022.GlobeNewswireMT Højgaard Holding A/S: MT Højgaard Holding initiates sales process for Scandi Byg and adjusts 2022 guidanceMT Højgaard Holding initiated a sales process for Scandi Byg after a strategic review. The company adjusted its 2022 operating profit guidance to DKK 260 million, excluding Scandi Byg's expected loss of about DKK 56 million. The sale aims to focus on construction and civil works, where MT Højgaard is the best owner.GlobeNewswireScandi Byg to construct refugee housing in GermanyScandi Byg, a subsidiary of MT Højgaard, signed a contract for about DKK 40 million to construct housing and facilities in the Hamburg area for up to 360 refugees. The announcement does not change previously published economic development expectations for the MT Højgaard group.