Bunde Gruppen

What Bunde Gruppen does

BundeGruppen AS is a privately held Norwegian group headquartered in Oslo, operating through two core subsidiaries: BundeBygg AS, a construction contractor specializing in residential, commercial, and healthcare projects in the Oslo and Akershus region, and BundeEiendom AS, a property development and investment arm that holds and develops a portfolio of office, retail, and residential properties. BundeBygg operates primarily as a samspillsentreprenør (collaborative contractor), engaging clients such as Aspelin Ramm, OBOS/Bonum, Stor-Oslo Eiendom, Møller Eiendom, Statsbygg, Boligbygg Oslo KF, and Oslobygg KF from the early schematic-design phase through to delivery, and it uses BIM/VDC as a digital backbone across the full project lifecycle (visualization, dynamic cost calculation, detailed engineering, digital twin of construction site setup, and as-built documentation). The company also operates Grønn Byggeplass, an internal environmental program mandating emissions-reducing measures, holds ISO 9001/14001/45001 certifications, and has achieved BREEAM-NOR Excellent credentials on multiple projects.

BundeBygg has its own production workforce in carpentry and concrete work alongside a technical department of BIM specialists, procurement managers, and HSE advisors. Revenue is generated project-by-project under totalentreprise (lump-sum general contractor) and samspillsentreprise (collaborative) contracts awarded through direct negotiation, repeat client relationships, and competitive tendering. Pricing is project-specific and not publicly disclosed. BundeBygg's 2024 revenue was approximately 800 million NOK, and following the 2021 M2 Entreprenør merger the combined entity peaked near 1 billion NOK in revenue with a 1.4 billion NOK order backlog. In 2025, Backe Entreprenør acquired 55% of BundeBygg while BundeGruppen retained 45%, integrating the construction subsidiary into a larger national contractor group. BundeEiendom's revenue model is complementary: investment in and development of residential and commercial properties (e.g., the Helsfyret office building with Oslobygg KF as anchor tenant, Vestvang/Vestvang II in Gjerdrum) generates sales proceeds and long-term rental income, and the company co-develops projects with partners such as Songa Eiendom.

Name

Bunde Gruppen

Legal name

BundeGruppen AS

Website

https://bundegruppen.no

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

BundeGruppen AS is a privately held Oslo-based real estate and construction group operating BundeBygg (a collaborative construction contractor in residential, commercial, and healthcare) and BundeEiendom (property development and investment) across the Oslo and Akershus region.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Construction Contracting (Totalentreprise / Samspillsentreprise): BundeBygg generates the majority of its revenue through construction contracting, primarily as a general contractor (totalentreprenør) and collaborative contractor (samspillsentreprenør). Revenue is project-based, one-time per contract, with recognition upon project completion or percentage-of-completion accounting. Contracts range from rehabilitation to new-build, and from residential to commercial and healthcare projects.
2. Property Development (BundeEiendom): BundeEiendom, the property development arm of BundeGruppen, invests in and develops residential and commercial properties in Oslo and Akershus. Revenue from property development is realized through property sales and long-term rental income from the owned property portfolio. Properties include office buildings, shopping centers, and residential developments.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Bunde Gruppen operates two main businesses in the Oslo region: BundeBygg, a general and collaborative construction contractor (samspillsentreprenør) delivering new-build and rehabilitation projects for residential, commercial, and healthcare clients, with in-house carpentry and concrete crews; and BundeEiendom, a real estate developer that invests in and develops residential and commercial properties in Oslo and Akershus.

Product overview

BundeGruppen AS operates as a parent company consisting of two main divisions: BundeBygg (construction contractor) and BundeEiendom (real estate development). BundeBygg specializes in developing and building residential and commercial properties in Oslo and surrounding areas, operating as a collaborative contractor (samspillsentreprenør) since 1991. The company offers both new construction (nybygg) and rehabilitation (rehabilitering) services with its own production within carpentry and concrete work. BundeEiendom invests in and develops residential and commercial properties. Supporting services include BIM/Virtual Design and Construction (VDC) technology, the Grønn Byggeplass (Green Construction Site) environmental program, and the Samspillsmodellen (Collaboration Model) for project execution.

Differentiator

Problem solved

Functional benefit

Brands

• Grønn Byggeplass: Internal environmental program focused on reducing emissions on construction sites through waste minimization and energy consumption reduction
• BIM/VSM
• FOLK

Products and services

• BundeBygg Construction Contracting General construction and collaborative (samspill) contracting services for residential, commercial, and healthcare projects in Oslo and Akershus, including new-build and rehabilitation. Operates with in-house production within carpentry and concrete work. Targets property developers, housing cooperatives, municipalities, and institutional building owners.
• BundeEiendom Property Development Real estate development of residential and commercial properties in Oslo and Akershus, including owned property portfolio of office buildings, retail centers, and residential developments. Generates revenue through property sales and long-term rental income.

Quantifiable outcome

• 58% reduction in on-site carbon emissions from 2019 to 2020, while simultaneously doubling revenue in the same period, through the Green Construction Site program and UN Climate Neutral Now commitment.
• +5 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Backe EntreprenørflagshipStrategic or Co-development Partner · 1 January 2025Backe Entreprenør acquired 55% of BundeBygg's shares in 2025, making BundeBygg a partially owned subsidiary of the Backe Group. BundeGruppen retains 45% ownership. The acquisition is described as a strategic move to strengthen Backe's position in the Oslo market, combining Backe Stor-Oslo's and BundeBygg's complementary capabilities. BundeBygg's revenue was ~800 million NOK in 2024, with 150 employees at time of acquisition.
• Backe Entreprenør (Parent of BundeBygg post-acquisition)flagshipStrategic or Co-development Partner · 1 January 2024Post-acquisition, Backe Entreprenør now holds 55% of BundeBygg. The 18 subsidiary companies under Backe (including Backe Stor-Oslo) are expected to collaborate with BundeBygg across projects in the Oslo area, leveraging complementary capabilities and shared values/family business culture.
• Oslobygg KFflagshipStrategic or Co-development Partner · 1 January 2023Oslobygg KF (Oslo municipality's property company, 650+ employees) signed a long-term lease with BundeEiendom for office space in the Helsfyret building (Grenseveien 82). Oslobygg is the anchor tenant of Helsfyret, which is being developed by BundeEiendom and Songa Eiendom. This is one of the largest single commercial lease deals in Oslo's recent history.
• Selvaag EiendomcoreStrategic or Co-development Partner · 1 January 2022BundeBygg signed a samspillsentreprise (collaborative contract) with Selvaag Eiendom for the rehabilitation of Dronningens gate 13 in Oslo's Kvadraturen district. The project covers rehabilitation of ~11,500 sqm offices and basement, plus new-build in the courtyard and extension of ~4,300 sqm. Dronningens gate 13 is a pilot project for BREEAM-NOR 3.0 Bespoke certification with Grønn Byggallianse.
• Stor-Oslo Eiendom AScoreStrategic or Co-development Partner · 1 January 2022BundeBygg and BundeEiendom have an ongoing relationship with Stor-Oslo Eiendom across multiple projects. Notably, an intent agreement was signed for Fyrstikktorget (two towers with ~180 apartments + commercial), and BundeBygg is the contractor for Meierikvartalet (~350 apartments, 75,000 sqm in Lillestrøm). The Fyrstikktorget project also involves Lund+Slaatto Arkitekter.
• Grønn ByggallianseminorStrategic or Co-development Partner · 1 January 2022BundeBygg is working with Grønn Byggallianse as a pilot partner for BREEAM-NOR 3.0 Bespoke certification on the Dronningens gate 13 project. Grønn Byggallianse is the Norwegian partner for BREEAM certification.
• Songa EiendomcoreStrategic or Co-development Partner · 1 January 2021BundeEiendom and Songa Eiendom co-develop the Helsfyret project (Grenseveien 82), a 13,521 sqm BREEAM Excellent office building in Oslo. BundeGruppen had its office at this address for nearly 30 years. Songa Eiendom is a co-development partner on this flagship urban office project.
• FNs Klimainitiativ / Climate Neutral NowcoreStrategic or Co-development Partner · 1 January 2020BundeBygg committed to the UN Climate Neutral Now initiative in 2020. This commitment underpins the company's Green Construction Site (Grønn Byggeplass) program and its goal of climate neutrality. The company achieved 58% emissions reduction in its first year of the program (2019-2020).

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Veidekke Entreprenør AS: Veidekke is one of Scandinavia's largest construction and civil engineering contractors, with a major residential and commercial presence in the Oslo market. It directly competes with BundeBygg on tenders and samspill contracts and operates a broader portfolio including property development.
• Skanska Norge AS: Skanska is a major Nordic contractor with substantial Oslo residential, commercial and healthcare construction activity. Comparable in scale to BundeBygg's larger project profile and competes directly on BREEAM-certified builds.
• AF Gruppen ASA: AF Gruppen is a large Norwegian contractor group with building, civil and offshore operations; its building segment competes with BundeBygg on commercial and residential Oslo contracts and on rehabilitation work.
• Backe Entreprenør AS: Backe is now the 55% parent of BundeBygg (2025 acquisition) and operates a family of 18 construction subsidiaries across Norway, including Backe Stor-Oslo. Overlapping operating unit in Oslo creates both resource sharing and partial market overlap with BundeBygg.

Direct peers

• HENT AS: HENT is a Trondheim-headquartered Norwegian general contractor with a strong Oslo presence in commercial and residential building, directly competing with BundeBygg on samspill and totalentrepriser in Eastern Norway.
• Consto AS: Consto is a Norwegian general contractor with significant activity in the Oslo region across residential, commercial and rehabilitation projects, directly comparable in scale and contracting model to BundeBygg.
• Selvaag Eiendom AS: Selvaag Eiendom is a Norwegian residential developer and builder that partners with contractors like BundeBygg (e.g., Dronningens gate 13 samspillsentreprise). Comparable integrated developer-contractor business model with overlapping Oslo customer base.
• Höegh Eiendom AS: Höegh Eiendom is a long-established Oslo-based property developer active in residential and commercial projects in the same Oslo/Akershus market as BundeEiendom, with comparable tenant relationships and project types.
• Stor-Oslo Eiendom AS: Stor-Oslo Eiendom is a major Oslo-area residential developer with projects including Meierikvartalet (~350 apartments) where BundeBygg is contractor. Directly comparable in scope and geography to BundeEiendom's development portfolio.
• Aspelin Ramm AS: Aspelin Ramm is one of Norway's largest residential and mixed-use developers, with multiple BundeBygg-built projects (Munch Brygge, Skolebakken K). Operates in the same Oslo residential market with comparable project scale and customer overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BundeGruppen

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 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 Bunde Gruppen