Wästbygg Group

What Wästbygg Group does

Wästbygg AB is a Swedish construction and property development firm specializing in residential, commercial, and community properties, founded in 1981 in Borås and now headquartered in Göteborg. The company operates as the main contracting and development subsidiary of Wästbygg Gruppen AB (publ), which has been listed on Nasdaq Stockholm since 2021. Wästbygg executes projects using traditional procurement and a collaborative contracting methodology known as 'samverkan', with particular technical emphasis on cross-laminated timber (KL-trä) construction for residential buildings. Its proprietary platforms include Boaktiva (a sustainability and community concept featuring the Boappa resident app and Grannboden shared-resource shed) and Klimatsmart Byggarbetsplats (a climate-impact measurement tool for construction sites). The firm holds ISO 9001, ISO 14001, and ISO 45001 certifications, along with extensive experience in Miljöbyggnad, Breeam, Svanen, and NollCO2 certifications.

The firm serves two primary customer segments: Swedish municipalities procuring public buildings (schools, preschools, sports halls, parking houses, community facilities) through formal public tenders, and private property developers (Bonava, Nordr, Skandia Fastigheter, HSB, Lansa Fastigheter, Corem, among others) engaging Wästbygg as a general contractor. It also self-develops residential projects sold under the 'Våra Hem' brand or divested to investors such as Lansa Fastigheter. Revenue is project-based and recognized over the construction period or at project sale; pricing is determined through public procurement or negotiated contracts, with no standardized price list publicly disclosed. The group-level headcount stood at approximately 550 in 2023 (down from 600 in 2022), and group revenue was ~4.8 billion SEK in 2023 versus ~5.8 billion SEK in 2022, with two consecutive years (2023–2024) of negative results reported against a strong equity position. Operations run through six regional offices across southern and central Sweden, and the group signed its first contract in Finland in Q4 2022 via the Logistic Contractor sister entity.

Name

Wästbygg Group

Legal name

Wästbygg Entreprenad AB

Website

https://wastbygg.se

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Wästbygg is a Swedish construction and property development firm specializing in residential, commercial, and community properties for municipalities and private developers across southern and central Sweden, operating as a subsidiary of publicly listed Wästbygg Gruppen AB.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

New Housing For-Sale Builders (236117), Commercial and Institutional Building Construction (236220)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Office & Corporate Building Construction (IMAFACAA)

Keywords

• Construction contracting services
• Residential property development
• Commercial real estate construction
• Community property construction
• Sustainable timber construction

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Construction contracting: Wästbygg acts as a general contractor (totalentreprenad) and construction partner for residential, commercial, and community properties on behalf of municipalities, property owners, and developers. Revenue is project-based and recognized over the construction period.
2. Property development (own-developed projects): Wästbygg develops its own residential projects, sells development rights (byggrätter) or completed property projects to third-party buyers (e.g., Lansa Fastigheter, K-Fast Holding). Revenue recognized at project completion or sale.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wästbygg is a Swedish construction and development company that builds residential, commercial, and community properties (schools, sports facilities, care homes) for municipalities, property developers, and property owners. The company also acts as a general contractor (totalentreprenad) and develops its own residential projects, which are sold to investors or end buyers. It operates in southern and central Sweden through six regional offices.

Differentiator

Problem solved

Functional benefit

Brands

• Boaktiva: Wästbygg's sustainability and nudging concept for self-developed residential areas, aiming to facilitate sustainable choices for residents in areas such as waste sorting and carpooling. Includes the Boappa app, Grannboden (shared resource shed), and encouraging signage.

Products and services

• Bostad (Residential Construction)

Quantifiable outcome

• 85% of order stock classified as green under the group's green framework (2023)
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Utveckling 51 ABcoreStrategic or Co-development Partner · 22 February 2024Wästbygg is developing 'Porten till Falkenberg', a 20,000 sqm area along E6/E20 with partner Utveckling 51 AB. The area will include hotel (Strawberry), charging infrastructure (Ionity), and restaurant (Jureskogs).
• UddacoreStrategic or Co-development Partner · 12 December 2023Wästbygg won a land allocation (markanvisning) for student housing and preschool in Guldheden, Göteborg, in partnership with coliving operator Udda and Kaminsky Arkitektur. Udda provides the coliving concept with shared common areas.
• Kaminsky ArkitekturcoreStrategic or Co-development Partner · 12 December 2023Wästbygg partnered with Kaminsky Arkitektur as the architecture firm for the student housing and preschool project at Guldheden, Göteborg. Kaminsky ensures design and material choices comply with Swan certification.
• Cargab Fastighets ABminorStrategic or Co-development PartnerWästbygg entered a samverkan (collaborative contracting) agreement with Cargab Fastighets AB for renovation of a 5,300 sqm warehouse in Göteborg.
• Hammarviken FastigheterminorStrategic or Co-development PartnerWästbygg entered a samverkan agreement with Hammarviken Fastigheter for a 400 sqm warehouse extension in Göteborg.
• DEAS Asset ManagementminorStrategic or Co-development PartnerWästbygg contracted with DEAS Asset Management for a 2,200 sqm extension of an existing high-bay warehouse in Göteborg, to be certified under Breeam In-use.
• DEAS Asset ManagementminorStrategic or Co-development PartnerWästbygg contracted with DEAS Asset Management for a 2,200 sqm extension of an existing high-bay warehouse in Göteborg (22m height), preparing for fully automated warehouse. Breeam In-use certification planned after completion.
• Varberg EnergicoreStrategic or Co-development PartnerWästbygg Gruppen co-owns wind power park Bäckasol with Varberg Energi. The park has capacity to deliver 10,000 MWh per year, covering the electricity usage of all group subsidiaries' projects and offices for one year.
• Jönköpings kommuncoreStrategic or Co-development PartnerMultiple samverkan (collaborative contracting) projects including Ölmstadskolan (162 mkr), Slättenskolan addition (93 mkr), and Rosenlundsskolan (146 mkr). Wästbygg works with the municipality from early project stages with full transparency in project economics.
• Lansa FastighetercoreStrategic or Co-development PartnerLansa Fastigheter acquired Journalen 1 in Sege Park, Malmö (177 apartments) from Wästbygg in August 2021 for 400 mkr, and contracted Wästbygg as total contractor. Previously acquired Lagerkransen 3 in Lund. Strong ongoing partnership.
• Södra (skogskoncernen)minorStrategic or Co-development PartnerWästbygg entered a collaboration agreement with forest conglomerate Södra for Lagerkransen 3 project in Lund to use joint competence and create best conditions for climate-smart timber construction.
• Lunds Kommuns Parkerings ABcoreStrategic or Co-development PartnerWästbygg won public procurement for Niels Bohr parking house in Lund with Lunds Kommuns Parkerings AB as client. Client has high sustainability requirements including climate target of max 175 kg CO2e/sqm and use of recycled wind turbine blades.
• Surahammars kommunminorStrategic or Co-development PartnerWästbygg conducted a collaborative renovation of two large kitchens (storkök) at care home Källbogården and service house Österängen through a samverkansentreprenad (order value 28 mkr for phase 2).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Skanska: Sweden's largest construction company and a global player, with a residential development arm (Skanska Sverige) active in multi-family and community building in the same southern/central Swedish markets as Wästbygg.
• Veidekke: Norwegian-listed construction and property development group with significant Swedish operations in residential and commercial building. Comparable focus on collaborative contracting and sustainability-driven project delivery.
• Peab: One of Sweden's largest listed contractors and residential developers, with broad operations across construction, civil engineering, and project development. Directly comparable to Wästbygg's mix of residential contracting and self-developed projects, but at materially larger scale.
• NCC: Major Swedish listed construction and property development company active in residential, commercial, and public-sector building. Directly comparable segment mix to Wästbygg, with stronger civil engineering exposure.

Direct peers

• Rekab Entreprenad AB: Sister company within Wästbygg Gruppen, specializing in residential, commercial, and community building along the Norrland coast. Operates the same contracting + development model as Wästbygg but in a different geographic region.
• Serneke: Swedish construction and development company specializing in residential, commercial, and community projects in western Sweden. Comparable mix of contracting and self-developed projects, with a similar mid-tier scale to Wästbygg.
• ByggPartner: Swedish mid-sized general contractor and developer focused on residential, commercial, and community properties in central Sweden, with a strong local/regional presence similar to Wästbygg's southern and central Sweden footprint.

Others

• Logistic Contractor AB: Sister company within Wästbygg Gruppen focused on large logistics, industrial, and commercial buildings across the Nordics. Shares group-level sustainability capabilities and balance sheet with Wästbygg but targets a different end market.
• Bonava: Major Swedish/Nordic residential developer and a key Wästbygg customer (Logementet 1/2). Comparable project profile (multi-family homes in Swedish growth regions) but operates as a developer rather than contractor.
• Nordr: Swedish residential developer with active project pipeline in southern Sweden (Brf Teaterkatten, Siona) where Wästbygg serves as general contractor. Operates in the same develop-and-sell build-to-rent model that Wästbygg aspires to via its own development arm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/wastbygg.ab

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Wästbygg Group