Thermica
Thermica AS is a Norwegian specialty contractor founded in 2012 that builds warehouse, logistics, industrial, cold storage, and food industry buildings across Norway, serving real estate developers and enterprise clients with BREEAM-certified and sustainable timber construction methods.
- Company typePrivate
- Founded2012
- HeadquartersViken, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Thermica does
Thermica AS is a Norwegian specialty general contractor (spesialentreprenør) founded in 2012 and headquartered in Lierstranda, Norway. The company focuses exclusively on warehouse and logistics buildings, industrial halls, cold and freezer storage facilities, and food industry buildings, including aquaculture and smolt farms. It delivers projects nationwide across Norway using sandwich panel construction, steel frame systems, and a newer sustainable timber construction concept called Bulk Wood that achieves a 40-50% lower carbon footprint than standard industrial buildings. Notable completed projects include a 38,000 m2 DSV warehouse in Vestby, a 30,000 m2 Schibsted/HeltHjem facility, a 32,000 m2 Bulk/Mekonomen building, and Norway's first national fine sorting facility for plastic packaging.
The company holds multiple certifications relevant to the Norwegian construction market: BREEAM-NOR (it built Norway's first BREEAM-certified industrial building in 2017), Miljøfyrtårn (Environmental Lighthouse), and Sentral Godkjenning (Central Approval). Thermica integrates third-party automated storage systems such as AutoStore into its warehouse builds, serving pharmaceutical and logistics clients. Its go-to-market is sales-led, acquiring projects through tenders, direct business development, and established relationships with anchor clients including Bulk Industrial Real Estate (20+ completed facilities), NREP Logicenters, DSV, Schibsted, Alliance Healthcare, and Relog/Plastretur.
Thermica generates revenue through one-time fixed-price construction contracts. Pricing is project-specific and not publicly disclosed. The company operates as a privately held Norwegian AS with no institutional investors or parent company disclosed, and no public revenue figures are available. Its management team is led by Managing Director Sondre Helgesen and includes a dedicated BREEAM/sustainability coordinator, project managers, and site managers, totaling 11-50 employees.
Thermica firmographics
Firmographics- Name
- Thermica
- Legal name
- Thermica AS
- Website
- https://thermica.no
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Thermica AS is a Norwegian specialty contractor founded in 2012 that builds warehouse, logistics, industrial, cold storage, and food industry buildings across Norway, serving real estate developers and enterprise clients with BREEAM-certified and sustainable timber construction methods.
- Ownership category
- akta.pro rank
Thermica industry classification
Industry- Product category
- Industrial Construction Services
- NAICS
- Industrial Building Construction (23621)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Warehousing, Distribution & Cold Storage Facility Construction (IMAFADAL)
- akta.pro secondary industries
- Food & Beverage Processing Plant Construction (IMAFADAH), HVAC & Refrigeration Contracting (IMAFALAB)
Keywords
Where Thermica is headquartered
LocationHeadquarters
- HQ city
- Viken
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Thermica business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Construction Contract Services: Revenue generated from general contracting and specialized contracting services for industrial and commercial construction projects including warehouses, logistics facilities, industrial halls, cold storage, and food industry buildings. Projects are one-time engagements with fixed-price contracts based on detailed specifications and competitive bidding.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Thermica product offering
Product offeringCore offering
Thermica AS is a Norwegian specialty contractor (spesialentreprenør) that designs and builds warehouse and logistics buildings, industrial halls, cold and freezer storage facilities, and food industry buildings. The company delivers projects as a general contractor using sandwich panel systems, steel frame construction, and sustainable timber construction (Bulk Wood concept). It also integrates automated storage systems such as AutoStore and delivers BREEAM-NOR environmentally certified buildings across Norway.
Product overview
Thermica is a specialty contractor offering a portfolio of construction services for commercial and industrial buildings. The core offerings include warehouse and logistics buildings, industrial halls, cold storage/freezer facilities, and food industry buildings. The company also offers specialized sustainable construction through its Bulk Wood concept featuring wooden structures with significantly reduced carbon footprint. Projects range from simple storage halls to complex BREEAM-certified logistics facilities. Thermica works primarily with sandwich panel and steel construction methods, with recent expansion into sustainable timber construction.
Differentiator
Problem solved
Functional benefit
Products and services
- Warehouse and Logistics Buildings (Lager- og logistikkbygg)
Quantifiable outcome
- Up to 50% lower carbon footprint with Bulk Wood timber construction compared to standard industrial buildings
- +3 more outcomes
Companies that use Thermica
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles4 records
Thermica technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Thermica partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- Relog AScoreThermica collaborates with Relog AS as developer on multiple projects including automated warehouse for Alliance Healthcare in Drøbak and Norway's first national plastic packaging sorting facility for Plastretur. Relog serves as building owner/developer with Thermica as contractor.
- Alliance Healthcare NorgecorePartnership for automated warehouse project in Drøbak with AutoStore system. Thermica building the facility for Alliance Healthcare which supplies pharmacies across Norway.
- Bulk Industrial Real EstateflagshipBulk Industrial Real Estate is Thermica's primary client, accounting for dozens of projects including warehouses, logistics facilities, and the innovative Bulk Wood sustainable timber building concept. Thermica has built over 20 facilities for Bulk across Norway.
- CTS NordicscoreCTS Nordics as end-user for the 16,500 m2 production and warehouse facility with 3,500 m2 offices in Holmestrand, built by Thermica for Bulk Industrial Real Estate.
- PlastreturcorePlastretur is the return company for which Thermica built Norway's first national fine sorting facility for plastic packaging (13,000 m2) in Holtskogen næringspark.
- NREP LogicenterscoreNREP Logicenters is a major real estate developer for whom Thermica has built multiple large logistics facilities including Schibsted/HeltHjem (30,000 m2) and NTEX/H&M (23,000 m2) in Vestby Næringspark.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Thermica competitors and assessment
Company assessmentOthers
Broad incumbents
- AF Gruppen ASA: Major Norwegian contractor delivering building, civil, and energy projects including industrial and logistics facilities; broader portfolio than Thermica but overlaps in nonresidential construction.
- Peab AB: Large Nordic contractor with operations across Norway; competes for warehouse, logistics and commercial building contracts overlapping Thermica's niche.
- NCC Building Norge: Large Nordic contractor active in commercial and industrial building construction in Norway; competes for similar industrial/logistics tenders as Thermica at larger scale.
- Veidekke Entreprenør AS: One of the largest Norwegian contractors operating across building and civil construction; overlaps with Thermica on industrial/logistics building projects but at a much broader portfolio scale.
Direct peers
- Consto AS: Norwegian general contractor delivering commercial, industrial, and logistics buildings across Norway; directly comparable to Thermica in scope (nonresidential/industrial shells) and market.
- HENT AS: Norwegian contractor with strong portfolio in commercial buildings, warehouses and public-sector projects; competes for similar industrial and logistics construction work as Thermica.
- Betonmast AS: Norwegian contractor executing residential, commercial and industrial buildings including logistics and warehouse projects; comparable in size and Nordic nonresidential focus.
Emerging players
- Moelven Byggmodul AS: Norwegian timber building systems supplier for commercial and industrial buildings; comparable to Thermica's Bulk Wood sustainable timber construction offering for low-carbon industrial buildings.
- Logstor AS: Provider of pre-insulated pipe systems and insulation solutions for district energy and industrial applications including cold storage; adjacent player whose insulation competence intersects with Thermica's cold/freezer construction line.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Thermica social profiles
Digital presenceThermica compliance and trust
Trust signalCompliance5 records
Thermica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thermica leadership team
Management profileNumber of profiles
Profiles5 records
Thermica funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thermica 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 Thermica
What does Thermica do?
Thermica AS is a Norwegian specialty contractor (spesialentreprenør) that designs and builds warehouse and logistics buildings, industrial halls, cold and freezer storage facilities, and food industry buildings. The company delivers projects as a general contractor using sandwich panel systems, steel frame construction, and sustainable timber construction (Bulk Wood concept). It also integrates automated storage systems such as AutoStore and delivers BREEAM-NOR environmentally certified buildings across Norway.
Is Thermica a public or private company?
Thermica is a private company. It is classified as unknown and is currently operating.
When was Thermica founded?
Thermica was founded in 2012. It employs 11 to 50 people.
Where is Thermica based?
Thermica is headquartered in Viken, Norway, in the Europe region.
How does Thermica make money?
One revenue line is on record: construction Contract Services.
Who are Thermica's main competitors?
Skanska Norge AS is listed as an others. Broad incumbents are AF Gruppen ASA, Peab AB, NCC Building Norge and Veidekke Entreprenør AS. Direct peers are Consto AS, HENT AS and Betonmast AS. Emerging players are Moelven Byggmodul AS and Logstor AS.
Does Thermica have an API?
No public API is recorded for Thermica.
What industry is Thermica in?
Thermica's product category is Industrial Construction Services. Its primary akta.pro industry code is IMAFADAL, Warehousing, Distribution & Cold Storage Facility Construction, with a secondary code of IMAFADAH, Food & Beverage Processing Plant Construction. Its NAICS code is 23621 and its SIC code is 1540.