Hercules

What Hercules does

Hercules Grundläggning AB is a Swedish foundation engineering specialist headquartered in Solna, operating as a wholly-owned subsidiary of NCC Infrastructure. The company provides piling, sheet piling, support structures, jet grouting and ground improvement services to large infrastructure, building, port and water projects across Sweden, with regional offices spanning from Helsingborg to Luleå and additional operating entities in Denmark (Hercules Fundering, 2001) and Norway (Hercules Fundamentering, 2012). Its customer base is almost entirely B2B and includes public-sector clients such as Trafikverket and municipalities, and private contractors led by NCC Sverige AB, alongside property developers, ports and utilities.

The company's technical platform rests on a vertically integrated asset base: two concrete pile factories in Västerås and Ucklum, a steel terminal and warehouse in Västerås, and what the company describes as the Nordic region's most comprehensive foundation-engineering equipment fleet, including multiple electric pile cranes. Proprietary methods include the Hullspiss rock shoe for driven steel pipe piles in mass-displacement-sensitive clay conditions, energy piles developed with Chalmers and NCC Teknik, and Sweden's first EPD for reused/recycled sheet piling, alongside CE-marked concrete piles that the company claims have the lowest CO2 footprint on the Swedish market.

Hercules generates revenue through project-based, quote-driven B2B contracts awarded via competitive public procurement and private tenders. Pricing is project-specific with no public rate card; CTAs across the website are "Begär offert" (request a quote) and "Kontakta oss" (contact us), indicating a consultative, sales-led go-to-market. Revenue in 2024 was approximately 971 million SEK on a headcount of about 207. The 2022 divestiture of the Norrköping reinforcement factory and the 2021 transfer from NCC Industry to NCC Infrastructure reflect a deliberate refocusing on core foundation engineering under NCC's infrastructure delivery umbrella.

Name

Hercules

Legal name

Hercules Grundläggning AB

Website

https://hercules.se

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

251–500 employees

Short description

Hercules Grundläggning AB is a Swedish foundation engineering specialist and NCC Infrastructure subsidiary that provides piling, sheet piling, support structures and jet grouting to public-sector clients, NCC group entities and other construction firms across Sweden.

Ownership category

akta.pro rank

Product category

Foundation Engineering Services

NAICS

Structural Steel and Precast Concrete Contractors (238120), Poured Concrete Foundation and Structure Contractors (23811), Architectural, Engineering, and Related Services (5413)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Services-Engineering Services (8711)

akta.pro primary industry

Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)

akta.pro secondary industries

Civil & Structural Engineering Consulting (BPAHAIAA), Revetments, Groynes & Beach Nourishment (IMAFAJAD)

Keywords

• Foundation engineering services
• Piling contractors
• Concrete pile manufacturing
• Sheet pile installation
• Ground improvement services

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Foundation engineering project services: Hercules generates revenue by providing foundation engineering services (piling, support structures, sheet piling, drilling) to construction projects across Sweden. Revenue is project-based and derived from large infrastructure and building projects, both for public-sector clients (Trafikverket, municipalities) and private contractors (NCC and other construction companies). Revenue in 2024 was approximately 971 million SEK.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hercules Grundläggning AB is a B2B foundation engineering contractor that designs and delivers piling, support structures, jet grouting and ground improvement for infrastructure, building, port and water projects across Sweden. Services are backed by two in-house concrete pile factories (Västerås and Ucklum), a steel terminal in Västerås, and one of the Nordic region's most comprehensive machine fleets. The company serves public-sector clients (Trafikverket, municipalities, regions) and large private contractors (NCC, Infrakraft, developers) on a project-by-project, quote-driven basis.

Product overview

Hercules Grundläggning is a specialized ground engineering and foundation construction company offering a comprehensive portfolio of piling, support structure, and ground improvement services. The core offering centers on Pålning (piling) with multiple product types including Betongpålar (concrete piles) — the company's most common method with the lowest carbon footprint — alongside Energipålar (energy piles), Stålrörspålar (steel pipe piles), Stålkärnepålar (steel core piles), Träpålar (timber piles), Kombinationspåle (combination piles), and Injekterade pålar (injected piles). Support structure services include Berlinerspont, Profilerad spont (including reusable variants reducing climate impact by up to 80%), and Jordspikning (soil nailing). Ground improvement services encompass Jetinjektering (jet grouting) for sealing, ground improvement, and cut-off walls. A key differentiator is the company's own manufacturing infrastructure — Betongpålefabriker (two concrete pile factories in Västerås and Ucklum) and Stållager (steel warehouse in Västerås) — enabling quality control, flexibility, and reduced climate impact. The Maskiner (machinery) division operates one of the Nordic region's most comprehensive fleets including multiple electric pile cranes. Innovation & Design provides specialized geotechnical and geoconstruction expertise under the same roof, optimizing foundation designs for each project.

Differentiator

Problem solved

Functional benefit

Products and services

• Pålning (Piling) Piling services covering driven, drilled and vibrated pile installation across concrete, steel pipe, steel core, timber, combination, injected and energy pile types, for transferring structural loads to bearing soil or bedrock on infrastructure and building projects. Designed for public-sector clients and large private contractors in Sweden.
• Stödkonstruktioner & Spont (Support structures and sheet piling) Support structures and sheet piling services for deep excavations and sheet pile quays in urban areas, using Berlinerspont walls, profiled sheet piling, reused sheet piling and soil nailing to protect surrounding structures. Delivered to public and private clients requiring reliable ground retention on infrastructure and building projects.
• Jetinjektering (Jet grouting) Jet grouting services for sealing, ground improvement and cut-off walls in challenging soil conditions, used where conventional sheet piling or piling methods are insufficient. Applied in infrastructure and water/wastewater projects across Sweden.
• Betongpålefabriker (Concrete pile manufacturing) Two in-house concrete pile factories in Västerås and Ucklum produce CE-marked concrete piles, giving Hercules control over quality, delivery reliability, lead times and reduced climate footprint through optimised production and logistics. Piles are used in Hercules's own projects and supplied to construction projects across Sweden.
• Stållager / Steel terminal (Steel warehouse and rental) Steel terminal in Västerås stocking large quantities of sheet piles and beams for rental to construction projects, providing flexibility and shorter lead times. Includes handling of reused sheet piling with Sweden's first EPD for reused/recycled sheet pile.
• Maskiner (Machinery and equipment services) Operation of the Nordic region's most comprehensive foundation engineering machine fleet, including pile cranes, steel pile machines, sheet pile machines and drilling rigs, with multiple electric pile cranes that reduce CO2 emissions and improve working environment. Equipment is deployed on Hercules's own foundation engineering projects.
• Innovation & Design (I&D) Technical consulting service providing specialised geotechnical and geoconstruction expertise, supporting bidding, foundation design, production optimisation, technical development and internal geotechnical training. Customers are internal project teams and, by extension, the construction firms and public clients whose projects benefit from optimised foundation designs.

Quantifiable outcome

• Up to 80% reduction in climate impact from reused sheet piling vs. newly manufactured sheet piling (per Hercules EPD)
• +2 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• NCC InfrastructurecoreOthersHercules Grundläggning AB is a wholly owned subsidiary of NCC Infrastructure (a division of NCC AB). As of 2021, Hercules moved from NCC Industry to NCC Infrastructure. The NCC parent company provides corporate governance, sustainability frameworks, HR policies, and shared brand reputation. Hercules operates under the NCC umbrella while maintaining its own operational independence in project delivery.
• Svensk GrundläggningminorOthersHercules is a proud member of Svensk Grundläggning (Swedish Foundation Engineering Association), a professional industry organisation for foundation engineering companies in Sweden. Membership provides industry representation, networking, and knowledge-sharing.
• PålkommissionenminorOthersHercules employees participate in Pålkommissionen (the Piling Commission), a Swedish industry body for technical standardisation and knowledge development in piling.
• SGF (Svenska Geotekniska Föreningen)minorOthersHercules participates in SGF (Swedish Geotechnical Society), contributing to geotechnical knowledge development and standards.
• IEG (International Engineering Group)minorOthersHercules employees are members of IEG, an international engineering knowledge-sharing organisation.
• Chalmers and NCC TeknikminorStrategic or Co-development PartnerHercules has collaborated over several years with Chalmers University of Technology and NCC Teknik to develop and validate energy pile technology — prefabricated concrete piles that can both heat and cool buildings by extracting ground energy. This co-development has produced an innovative product that addresses modern energy challenges.

Scale indicators5 records

Recent moves18 records

Expansion highlights6 records

Emerging players

• AFRY (ÅF): Nordic engineering and design consultancy with infrastructure and geotechnical practices. Overlaps with Hercules's Innovation & Design unit for engineering consulting on foundation and geotechnical projects, but operates as an advisory firm rather than contractor.
• Menard (Vinci): Vinci subsidiary specializing in ground improvement and soil treatment including jet grouting and soil mixing. Directly comparable to Hercules's jet grouting and ground improvement service line, though smaller in the Nordic market.

Direct peers

• Bauer AG: German global foundation specialist providing specialist foundation engineering, piling, and ground improvement services. Closely comparable business model to Hercules — own equipment fleet, multi-method capability, complex ground-condition focus.
• Per Aarsleff Holding: Danish-based foundation engineering and ground improvement specialist with piling, sheet piling, and ground stabilization services across the Nordics. Direct comparable to Hercules on geography, services (piling, ground engineering), and customer type (public infrastructure and private contractors).
• Keller Group: UK-listed global geotechnical contractor specializing in ground engineering, piling, and ground improvement. Comparable on core service offering (specialty foundation contracting) though operating at significantly larger international scale than Hercules.
• Soletanche Bachy (Vinci Construction): World-leading foundation specialist under Vinci, offering piling, ground improvement, and underground engineering. Directly comparable to Hercules on specialty foundation services and complex ground-condition projects, with broader international footprint.

Broad incumbents

• NCC AB: Parent company of Hercules and one of the largest construction and property development groups in the Nordics. Overlaps with Hercules through general contracting and infrastructure work, but operates broadly rather than as a foundation specialist.
• Skanska: Largest Nordic construction and infrastructure group, with substantial project pipeline in transport, healthcare, and commercial building. Comparable as a customer/competitor at the project level, but operates as a broad incumbent rather than specialty foundation contractor.
• Peab: Major Swedish general contractor with civil engineering, infrastructure, and building operations across the Nordics. Overlaps with Hercules on civil infrastructure projects but is a broad incumbent, not a foundation specialist.

Regional players

• Veidekke: Norwegian-based construction and civil engineering group with significant Swedish operations. Comparable on Nordic geography and civil infrastructure contracting, but primarily competes in Norway rather than the Swedish foundation market Hercules dominates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hercules-grundlaggning

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 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 Hercules