UPB group
- Company typePrivate
- Founded1991
- HeadquartersLiepaja, Latvia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
UPB group firmographics
Firmographics- Name
- UPB group
- Legal name
- AS "UPB"
- Website
- https://upb.lv
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
UPB group industry classification
Industry- Product category
- Industrial Construction Services
- NAICS
- Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220), Structural Steel and Precast Concrete Contractors (23812), Industrial Building Construction (23621), Engineering Services (541330)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540), Fabricated Structural Metal Products (3440), Concrete Products, Except Block & Brick (3272), General Bldg Contractors - Residential Bldgs (1520), Prefabricated Metal Buildings & Components (3448)
- akta.pro primary industry
- Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)
- akta.pro secondary industry
- Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)
Keywords
Where UPB group is headquartered
LocationHeadquarters
- HQ city
- Liepaja
- HQ country
- Latvia
- HQ region
- Europe
Offices11 records
Markets served
UPB group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- General Construction and Design & Build Services: Full-cycle construction services including general contracting, Design & Build project delivery, and technical building management (apsaimniekošana). This is the primary revenue driver for the Latvian market, where UPB is the largest construction company. Revenue is project-based and generated through competitive tenders and direct client engagement.
- Manufacturing and Export of Building Structures: Manufacturing and export of precast concrete, steel, and glass building structures (facades, frames) primarily to Scandinavian countries (Sweden, Norway, Denmark) and the UK. Approximately 60% of UPB group turnover comes from exports. Products include facade elements, structural frames, and machinery products. Revenue is generated through product sales, delivery, and on-site assembly contracts.
- Energy Solutions: Design and construction of energy projects including boiler houses, cogeneration stations, wind and solar farms, and BESS (Battery Energy Storage Systems). UPB Energy also provides management and maintenance services for cogeneration stations. Revenue is project-based engineering and construction contracts.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
UPB group product offering
Product offeringCore offering
UPB is an industrial conglomerate that designs, manufactures, and constructs technologically complex buildings and structures. The group produces precast concrete, steel, and glass building structures in-house and delivers integrated Design & Build projects covering design, production, delivery, and on-site assembly. It also provides energy solutions (cogeneration, battery energy storage, renewable energy) and custom machinery solutions. Approximately 60% of revenue is generated from exports primarily to Scandinavian countries (Sweden, Norway, Denmark) and the UK, while the company operates as the largest construction company in the domestic Latvian market.
Product overview
UPB Group is a multi-brand industrial conglomerate operating as a platform of specialized construction and manufacturing companies. The portfolio is organized around integrated building solutions combining metal, concrete, and glass structural components: the core offerings include General Construction and Design & Build project delivery, Energy Solutions for complete energy systems, and Engineering services. The structural product line encompasses Structural Frames (precast concrete and steel for high-rises), Facades (element and architectural concrete), Infrastructure (bridges), and Machinery solutions. Key service add-ons include the 3K Solution (combined frame and facade), Off-site Construction, and specialized Concrete Products (architectural GRC, UHPC, terrazzo). The group is organized into subsidiary brands covering production (MB Betons Group for concrete, RK Metāls for steel, AILE Group for glazing), construction (UPB Nams), energy (UPB Energy), building management (ENNA), and battery storage (ZET/BESS). All operations are supported by sustainability initiative UPB Reshape, targeting CO2 reduction and circular economy principles.
Differentiator
Problem solved
Functional benefit
Brands
- UPB RESHAPE: Data-driven sustainability approach that aligns sustainability efforts across all business lines, built on knowledge and decades of technical experience to deliver best performance structurally, economically, and environmentally.
Products and services
- General Construction (Ģenerālā būvniecība) Full-cycle construction services covering design, building materials production, delivery, assembly, and service for public, commercial, industrial, sports, military, and other building types in Latvia.
- Design & Build Integrated design and construction approach that enables efficient and faster implementation of complex construction projects under a single contract combining in-house engineering, manufacturing, and construction.
- Energy Solutions (Enerģētika)
Quantifiable outcome
- 25% average improvement in environmental performance for precast concrete products, confirmed by Environmental Product Declarations (EPD)
- +3 more outcomes
Companies that use UPB group
Customer profileNamed customers9 records
Ideal customer profiles4 records
UPB group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
UPB group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered key supplier, key partner, core tool, core platform and minor.
- Schuecokey supplierSchueco is a globally recognized manufacturer of window, door, and facade systems. UPB uses Schueco systems in its glass and aluminum facade products, ensuring high quality and durability of manufactured facade solutions.
- Liseckey supplierLisec is a leading manufacturer of glass processing machinery and systems. UPB uses Lisec equipment and technology in its glass manufacturing operations, ensuring precision and quality in glass processing.
- Wiconakey supplierWicona supplies aluminum systems for windows, doors, and facades. UPB integrates Wicona systems into its facade solutions for projects in Scandinavian and European markets.
- Skanska Sverigekey partnerUPB collaborated with Skanska Sverige experts on the Hyllie Terrass project in Sweden, a pilot project for climate-neutral building (NollCO2) under the Sweden Green Building Council. UPB provided precast concrete and steel structural expertise in this pioneering sustainable construction project.
- One Click LCAcore toolUPB uses the One Click LCA certified software for CO2 calculation and life cycle assessment (LCA) of its products and projects. This supports environmental product declarations (EPD) and enables precise emissions calculations for clients.
- Sweden Green Building Councilkey partnerUPB participates in the Sweden Green Building Council's pilot project for climate-neutral building (NollCO2), specifically through the Hyllie Terrass project in Malmö, Sweden. This collaboration demonstrates UPB's expertise in sustainable construction with leading Nordic green building standards.
- Byggvaru Bedömningencore platformProduct assessment database used by UPB for EPD registration and product sustainability evaluation in the Swedish market. UPB products are registered and assessed in this platform.
- Achilles Information Ltdcore platformUPB is a member of the Achilles Building Confidence supplier assessment system, which provides pre-qualification for UK construction supply chains. UPB holds accreditation as a supplier in the Achilles Utilities Nordic and Central Europe network and is certified under SSIP (Site Safety Schemes).
- LIAA (Latvijas Investīciju un attīstības aģentūra)key partnerThe Investment and Development Agency of Latvia (LIAA) organized an official visit to Sweden where UPB and other Latvian companies participated in a business forum and B2B meetings with Swedish businesses, exploring cooperation in technology, defence, green transformation, and advanced manufacturing sectors.
- KPMG Tax AS (Norway)minorUPB's Norway representative office is registered c/o KPMG Tax AS in Oslo, indicating KPMG provides administrative/legal support for the subsidiary.
Scale indicators11 records
Recent moves15 records
Expansion highlights6 records
UPB group competitors and assessment
Company assessmentBroad incumbents
- Skanska: One of the largest Nordic construction and development groups; operates across Scandinavia, UK, and the US. Skanska is a direct customer/collaboration partner of UPB on the Hyllie Terrass climate-neutral project, but is also the dominant integrated contractor competing for the same Scandinavian complex-building tenders UPB targets.
- Veidekke: Norwegian-based construction and civil engineering group operating in Scandinavia with integrated building and infrastructure delivery. Comparable to UPB in its Scandinavian geographic focus and its use of in-house prefabrication, but at significantly larger scale and broader civil/infrastructure scope.
- Peab: One of the four largest Nordic construction groups with operations in Sweden, Norway, Finland, and Denmark. Peab's vertically integrated construction, civil, and prefabricated building systems business closely parallels UPB's D&B plus in-house structural manufacturing model, making it a benchmark Nordic peer.
- YIT: Finnish construction and real estate developer active across the Nordics, Baltics, and Central Europe with a similar D&B delivery approach. Comparable scale and adjacent geographic exposure to UPB, particularly in the Baltic and Nordic residential and commercial segments.
- NCC: Major Swedish construction and real estate developer operating across the Nordics. Comparable to UPB's integrated general contracting and Design & Build delivery model, with deeper local Nordic presence and significantly larger revenue base — a direct competitive threat in UPB's core export markets.
- AF Gruppen: Norwegian construction and civil engineering group with operations in Norway, Sweden, and the Baltics. Comparable to UPB in targeting Scandinavian and Norwegian markets with general contracting and building construction, though with greater civil/infrastructure weighting.
Direct peers
- Consolis: Europe's largest precast concrete manufacturer, producing structural elements, beams, columns, and wall panels across multiple countries. Most direct peer to UPB's MB Betons precast concrete operations in terms of product portfolio, though Consolis is purely manufacturing while UPB integrates manufacturing with construction.
- Merko Ehitus: Estonian-headquartered construction group with similar Baltic origin and footprint, focused on general construction, real estate development, and prefabricated building elements. The most direct geographic peer to UPB across the Baltic states, with comparable scale and a similar D&B-plus-manufacturing structure.
Others
- Heidelberg Materials: Global building materials leader in cement, aggregates, and ready-mixed concrete with sustainability-led product strategy. Comparable to UPB's MB Betons and Inerto materiālu serviss operations in aggregates and concrete production; relevant supply-chain peer and benchmark for the precast/concrete product strategy.
Emerging players
- BESIX: Belgian-headquartered international construction group with strong presence in complex, large-scale building and infrastructure projects across Europe and the Middle East. Comparable to UPB in its integrated D&B plus structural manufacturing capability and willingness to deliver technically complex buildings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
UPB group social profiles
Digital presenceUPB group compliance and trust
Trust signalCompliance23 records
UPB group financial estimates
Financial estimateRevenue estimate
Valuation estimate
UPB group leadership team
Management profileNumber of profiles
Profiles4 records
UPB group subsidiaries and ownership
Company hierarchySubsidiaries23 records
UPB group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UPB group 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 UPB group
What does UPB group do?
UPB is an industrial conglomerate that designs, manufactures, and constructs technologically complex buildings and structures. The group produces precast concrete, steel, and glass building structures in-house and delivers integrated Design & Build projects covering design, production, delivery, and on-site assembly. It also provides energy solutions (cogeneration, battery energy storage, renewable energy) and custom machinery solutions. Approximately 60% of revenue is generated from exports primarily to Scandinavian countries (Sweden, Norway, Denmark) and the UK, while the company operates as the largest construction company in the domestic Latvian market.
Is UPB group a public or private company?
UPB group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was UPB group founded?
UPB group was founded in 1991. It employs 1,001 to 5,000 people.
Where is UPB group based?
UPB group is headquartered in Liepaja, Latvia, in the Europe region.
How does UPB group make money?
Three revenue lines are on record. General Construction and Design & Build Services are the primary driver. The others are manufacturing and Export of Building Structures and energy Solutions.
Who are UPB group's main competitors?
Broad incumbents on record are Skanska, Veidekke, Peab, YIT, NCC and AF Gruppen. Direct peers are Consolis and Merko Ehitus. Heidelberg Materials is listed as an others. BESIX is listed as an emerging player.
Does UPB group have an API?
No public API is recorded for UPB group.
What industry is UPB group in?
UPB group's product category is Industrial Construction Services. Its primary akta.pro industry code is IMAFABAE, Residential Design-Build & Renovation-Integrated Builders, with a secondary code of IMAFALAJ, Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging). Its NAICS code is 2362 and its SIC code is 1540.