VSB Consulting Engineers

What VSB Consulting Engineers does

VSB Consulting Engineers (VSB Verkfræðistofa) is a privately held Icelandic engineering consultancy founded in 1987 and headquartered in Hafnarfjörður. The firm operates through four divisions — Building, Construction Technology, Construction, and Transport & Planning — delivering multi-disciplinary engineering services spanning structural design, MEP systems (electrical, ventilation, piping, sprinkler, lighting), construction supervision, project management, surveying, utility coordination, transport planning, and environmental consulting. Service delivery is built on BIM methodology integrated with 3D design, GIS land information systems, drone-based surveying, thermal imaging, and traffic simulation tools. VSB is ISO 9001 and ISO 14001 certified, holds in-house BREEAM certified assessor capability, and has participated in Iceland's first Nordic Swan-certified residential project.

The company generates revenue exclusively through project-based professional engineering fees, with pricing tailored to each engagement and no public pricing disclosed. Its customer base is split between Icelandic municipalities and government entities (Reykjavíkurborg, Hafnarfjarðarbær, Hveragerðisbær, Mosfellsbær) and private developers across banking, retail, real estate, tourism/hospitality, and education (Landsbankinn, Bónus, Smáragarður, Sky Lagoon). GTM is enterprise field sales via direct relationships, public procurement, and referrals. The firm is privately held, with no institutional investors, funding rounds, or IPO activity disclosed, and relies on industry association memberships (Samtök iðnaðarins, Félagi ráðgjafaverkfræðinga, Grænni byggð, ITS Ísland, Nordic+) for market visibility.

Name

VSB Consulting Engineers

Legal name

VSB Consulting Engineers Ltd.

Website

https://vsb.is

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

VSB Consulting Engineers is a privately held Icelandic engineering consultancy founded in 1987, delivering multi-disciplinary building, construction, civil engineering, and transport planning services to municipalities, government, and private developers using BIM, GIS, and drone-based technology.

Ownership category

akta.pro rank

Product category

Engineering Consulting Services

NAICS

Engineering Services (541330), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Civil & Structural Engineering Consulting (BPAHAIAA)

akta.pro secondary industry

Construction Engineering & Constructability Consulting (BPAHAIAN)

Keywords

• Engineering consulting services
• Structural engineering design
• BIM coordination
• Transport planning
• Construction supervision

Headquarters

HQ city

Hafnarfjörður

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Engineering Consulting Services: Professional engineering consulting services covering all stages of construction projects from planning and analysis to design, tendering, and construction supervision. Services span building structures, transport infrastructure, utilities, and environmental systems.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

VSB Consulting Engineers (VSB Verkfræðistofa) is a multi-disciplinary engineering consulting firm that provides planning, design, and construction supervision services across building, infrastructure, transport, and environmental sectors. The firm applies BIM methodology, GIS, drone-based surveying, and traffic simulation tools to deliver building engineering, civil engineering, transport planning, and environmental certification (BREEAM, Nordic Swan) projects.

Product overview

VSB Verkfræðistofa is an engineering consulting firm offering a comprehensive portfolio of engineering services rather than a software product platform. The company provides integrated consulting across three main divisions: Buildings (structural engineering, MEP systems including electrical, ventilation, piping, sprinkler, and lighting design, plus sustainability certifications), Construction (project management, construction supervision, progress monitoring, tendering, planning, and consulting), and Civil Engineering/Transport Planning (roads, bridges, utilities, drainage, water/heating systems, transport planning, traffic analysis, and environmental consulting). Services are delivered through interdisciplinary teams using BIM methodology and modern technology including drones, thermal cameras, and GIS tools. The firm specializes in both new construction and renovation projects for municipal, commercial, and residential clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Building and Construction Engineering
• Civil Engineering and Infrastructure
• Transport Planning and Traffic Analysis
• Environmental and Sustainability Certification Consulting
• Surveying and Geospatial Services
• Construction Project Management and Site Supervision

Quantifiable outcome

• Successfully completed major infrastructure projects including Borgarlínan transit system, multiple school buildings, and banking headquarters

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered minor.

• Samtök iðnaðarinsminorOthersIndustry employer confederation membership providing networking and industry representation for VSB Consulting Engineers.
• Félagi ráðgjafaverkfræðingaminorOthersAssociation of engineering consultants providing professional support and representation for consulting engineers.
• Grænni byggðminorOthersGreen building association membership supporting sustainable construction practices.
• ITS ÍslandminorOthersIcelandic ITS (Intelligent Transport Systems) association membership for transport infrastructure consulting.
• Nordic+minorOthersNordic engineering consulting network providing cross-border collaboration and knowledge sharing.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• AFRY: Sweden- and Finland-headquartered engineering, design, and advisory firm covering infrastructure, industrial, and energy projects with strong Nordic operations.
• Sweco: Sweden-headquartered European engineering consultancy with strong Nordic presence in buildings, infrastructure, water, and transport planning. Comparable in service breadth across Nordic markets.
• WSP: Global professional services firm with significant Nordic engineering capabilities in transport, environment, and buildings. Comparable in multidisciplinary engineering delivery model.
• COWI: Large Danish engineering consultancy with Nordic and global operations in infrastructure, buildings, and environment. Competes for large Icelandic tenders and Nordic consortium work.
• Ramboll: Global engineering, architecture, and consultancy firm headquartered in Denmark with deep Nordic operations in buildings, transport, and environmental services. Overlaps with VSB on infrastructure and sustainability.
• Multiconsult: Norwegian engineering consultancy with services in buildings, transport, water, and environment. Closely comparable Nordic peer on multi-disciplinary engineering and climate-adapted infrastructure.
• Arcadis: Global design, engineering, and consulting firm with European operations in buildings, mobility, and resilience. Comparable on integrated multi-disciplinary engineering delivery.

Direct peers

• Verkís: Icelandic engineering consultancy with broad building, infrastructure, energy, and industrial services. Competes with VSB on municipal, transport, and building projects across Iceland.
• Efla: Icelandic engineering consultancy delivering civil, structural, environmental, and transport engineering. Direct domestic peer on infrastructure planning and construction supervision work.
• Mannvit: Major Icelandic multi-disciplinary engineering consultancy covering energy, infrastructure, buildings, and environmental services. Most direct domestic competitor to VSB with similar Icelandic public-sector footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 VSB Consulting Engineers