ONE Nordic Group

What ONE Nordic Group does

ONE Nordic Group is a Swedish electrical infrastructure contractor and service provider operating across approximately 40 locations nationwide, serving electricity distribution companies ('elnätsbolag'), industrial firms, municipalities, and increasingly energy-storage developers. Founded in 1990 and headquartered in Malmö, the company is a wholly owned subsidiary of the Eleda conglomerate and employs roughly 1,500–1,600 people. Its service portfolio spans three primary pillars: contracting (construction of local and regional power networks from 0.4 to 400 kV, substations, transformer stations, and wind farm connections), service and maintenance (24/7 recurring operations for grid and industrial installations), and metering technical services. ONE Nordic also operates specialist divisions including ONE Nordic Hydro (hydropower modernization and O&M), ONE Konsult (technical consulting with 250+ consultants), and Tectel (turnkey contracting).

The company's technology stack is anchored by three proprietary platforms. ONE AMI is an Advanced Metering Infrastructure system that collects, validates, and analyzes measurement data from over 1 million electricity, district heating, cooling, water, and gas meters daily, with operational heritage in meter data since 1986. ONE RTU provides customizable remote terminal unit software supporting IEC61850, IEC101/104, Modbus, and DNP3 protocols for substation automation and renewable/battery storage facilities, with over 500 local network stations retrofitted across Sweden. ONE Grid Intelligence is a SCADA platform built on the Zenon platform, managing over 1,000,000 measurement objects for network monitoring and predictive maintenance. The platforms integrate with NIS, SCADA, MDM, DMS, and OMS systems across the Swedish utility-IT landscape.

Revenue is generated through project-based infrastructure construction, recurring service and maintenance contracts (often multi-year, including 24/7 availability commitments), managed metering services delivered via ONE AMI, and professional consulting placements via ONE Konsult. Pricing is custom and quote-based, with no public list pricing. Recent commercial wins include a 21,000 water-meter turnkey deployment for Uppsala Vatten (March 2025), an O&M agreement for Nordic's largest battery energy storage facility (70 MW / 160 MWh in Ånge, June 2026) with Swiss developer Delta Capacity, and the takeover of Ellevio's grid operations in Hälsingland and Dalarna effective July 2025. Reported FY2025 revenue is approximately 3.5 billion SEK. Major customers include Ellevio, E.ON Energidistribution, Kraftringen, Uppsala Vatten, and Delta Capacity, with electricity grid operators constituting the primary customer segment.

Name

ONE Nordic Group

Legal name

One Nordic AB

Website

https://one-nordic.se

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ONE Nordic Group is a Swedish electrical infrastructure company serving electricity grid operators, industrial firms, and municipalities through construction, maintenance, and proprietary metering platforms. Operating from approximately 40 Swedish locations, it employs 1,500–1,600 people and reported ~3.5 billion SEK in FY2025.

Ownership category

akta.pro rank

Product category

Electrical Infrastructure Services

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Turnkey distribution buildouts (feeders, reclosers, capacitor banks, line extensions) (EUADAKAK)

akta.pro secondary industries

SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE), Advanced Metering Infrastructure (AMI) Deployment & Managed Services (EUAEANAA), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Microgrid Development, EPC & Integration (EUAMAJAB)

Keywords

• Electrical infrastructure services
• Grid maintenance services
• Advanced metering infrastructure
• Energy storage operations
• Hydropower modernization

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Infrastructure Projects (Entreprenad): One-time project-based revenue from construction and installation of electrical infrastructure including power lines, substations, transformer stations, and energy storage facilities. Projects range from small assignments to large-scale infrastructure builds.
2. Service & Maintenance Contracts: Recurring revenue from ongoing maintenance, operations, and service contracts for electrical installations. Includes 24/7 availability commitments for critical infrastructure. Recently secured major O&M contract for Nordic's largest energy storage facility (70 MW/160 MWh in Ånge).
3. Measurement & Data Services (ONE AMI): SaaS and managed services for smart meter data collection and management. Services include daily meter data collection, alarm handling, IT/cybersecurity, system monitoring, and customer service desk. Handles data from over 1 million meters.
4. Technical Consulting Services: Consulting services through ONE Konsult providing engineers, project managers, preparatory technicians, designers, and construction managers to energy and industrial clients. Over 250 consultants deployed on assignments.
5. Specialized Technical Services: Field services including drone inspections, lighting installations, traffic signal systems, hydropower modernization, electric vehicle charging infrastructure, and water meter installations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

ONE Nordic is a Swedish electrical infrastructure contractor that builds, maintains, and modernizes electricity networks (0.4-400 kV), substations, and transformer stations for grid operators, municipalities, and industrial customers. The company delivers service and maintenance contracts across approximately 40 Swedish locations and operates proprietary platforms for smart metering (ONE AMI) and grid digitalization (ONE RTU and ONE Grid Intelligence SCADA). It also provides hydropower services, energy storage operations and maintenance, water meter deployments, and technical consulting through its ONE Konsult division.

Product overview

ONE Nordic Group is a Swedish electrical infrastructure company organized under the Eleda group, offering a comprehensive portfolio of products and services organized around three main pillars: Contracting (construction of electrical infrastructure including local and regional power networks 0.4-400 kV, transformer stations), Service & Maintenance (ongoing operations for electrical installations), and Metering Technical Services (including the proprietary ONE AMI platform for smart meter data collection and management). The portfolio is anchored by proprietary technology platforms including ONE AMI (Advanced Metering Infrastructure for electricity, district heating, cooling, water, and gas), ONE RTU (proprietary RTU software for substation automation), and ONE GRID INTELLIGENCE (SCADA platform). ONE Nordic Hydro provides specialized hydropower services. The company operates across approximately 40 locations in Sweden with 1,500-1,600 employees.

Differentiator

Problem solved

Functional benefit

Brands

• ONE Konsult: Sweden's leading consulting house within energy and industrial sectors. Provides over 250 consultants on assignments to major sector clients, offering technical services including interim management roles, project management, design/planning, engineering, installation management, and HSEQ.
• ONE Nordic Hydro
• ONE AMI
• ONE RTU
• ONE Grid Intelligence
• Tectel

Products and services

• ONE AMI (Advanced Metering Infrastructure)

Quantifiable outcome

• Over 500 local network stations modernized with RTU retrofit across Sweden
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• Delta CapacitymajorStrategic or Co-development Partner · 24 June 2026Swiss company developing large-scale battery energy storage systems. ONE Nordic signed an operations and maintenance agreement for Delta Capacity's Nordic region's largest energy storage facility (70 MW/160 MWh) in Ånge, Sweden. The partnership strengthens ONE Nordic's position as a leading O&M partner for energy storage in the Nordic region.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• ABB: Global electrification, motion, and process automation leader with substantial grid solutions and SCADA/substation automation offerings. Overlaps ONE Nordic at the equipment and digital grid layer but serves a much broader, global market.
• AFRY (ÅF): Nordic-headquartered engineering, design, and consulting firm with significant energy and infrastructure practice. Competes with ONE Konsult and offers overlapping power sector advisory and engineering services.
• Equans: Global multi-technical infrastructure services provider (Bouygues subsidiary) with Nordic operations covering electrical installations and energy services. A broader-scale incumbent with overlapping capabilities.

Direct peers

• Rejlers: Nordic engineering consultancy providing technical services across energy, infrastructure, and industry. Comparable in consulting services (similar to ONE Konsult) and energy sector focus.
• Bravida: Nordic technical installation and service provider covering electrical, heating/plumbing, and HVAC for buildings and infrastructure. Competes with ONE Nordic in industrial and municipal electrical contracting across Sweden.
• Caverion: Northern European provider of technical building and industrial services including electrical installations, power distribution, and lifecycle services. Comparable business model and customer overlap in industrial electrical contracting.
• NEA Group: Nordic electrical infrastructure contractor specializing in power line construction, substations, and grid services. Closely comparable in scope and customer type, primarily serving Norway but with Nordic exposure.
• Assemblin: Nordic installation and service provider across electrical, heating/plumbing, and ventilation for infrastructure and buildings. Directly overlaps ONE Nordic's industrial and municipal electrical contracting business in Sweden.
• Kraftpojkarna: Swedish power infrastructure contractor focused on electrical network construction, substations, and grid services. Operates in the same Swedish market and customer base as ONE Nordic.
• Eltel Group: Nordic-headquartered power and communication infrastructure services company with overlapping electrical network construction, maintenance, and smart grid capabilities. Eltel is the most direct head-to-head competitor to ONE Nordic in the Swedish and Nordic electricity infrastructure market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC5Upp5X1YIGbXt3KFpT0MOQ
• LinkedInlinkedin.com/company/one-nordic-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 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 ONE Nordic Group