YIT Sweden
YIT Sverige AB is the Swedish infrastructure construction subsidiary of Finnish parent YIT Oyj, specializing in tunnel, rock, marine, sewage, wind power, and metro construction for Swedish government, municipal, and energy clients through competitive public tenders. The company is now exiting Sweden.
- Company typePrivate
- Founded2018
- HeadquartersSolna, Sweden
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What YIT Sweden does
YIT Sverige AB is the Swedish infrastructure construction subsidiary of Finnish parent YIT Oyj (Nasdaq Helsinki: YIT), headquartered in Hägersten, Stockholm. Formed in February 2018 following the merger of YIT and Lemminkäinen, the company specializes in complex Nordic infrastructure projects including tunnel construction, rock engineering and reinforcement, marine construction, sewage and water treatment infrastructure, wind power foundations, hydropower modernization, and metro/rail construction. Technical capabilities span tunnel boring, concrete construction, and an innovative water recycling system achieving 100% recycling in drilling operations (reducing transport needs by 90%), developed in partnership with Alverdens. The company has achieved CEEQUAL/BREEAM 'Excellent' sustainability certification (highest tier) on the Sockenplan project and operates under parent YIT Group's Science Based Targets initiative aligned with the Paris Agreement 1.5°C goal.
YIT Sverige generates revenue exclusively through project-based competitive tenders won from Swedish public sector clients, with no standard pricing or product distribution model. Contract values range from approximately 37 MSEK to 1.4 billion SEK. Key customers include Region Stockholm (Sockenplan metro extension at 400 MSEK), Stockholm Vatten AB (E2 sewage tunnel at 1.4B SEK plus Henriksdal BE08 at 600 MSEK), Stockholm Parkering (Hjorthagsgaraget strategic partnering), Gällivare Kommun (sports hall at 130 MSEK), Fortum AB (Krangede hydroelectric modernization at 80 MSEK), and Stavro Vind AB (wind power park foundations at 350+ MSEK). The company also pursued sustainable data center development as a forward-looking vertical. Regional offices are maintained in Sundsvall (Region Mitt), Gällivare, and Örnsköldsvik to serve northern Sweden's industrial corridor.
The company has announced the completion of its strategic review and is closing down its Swedish infrastructure operations. This decisive exit follows the prior 2020 divestiture of the Nordic asphalt and mineral aggregates business to Peab for approximately 286 million EUR. As a wholly-owned subsidiary of YIT Oyj (which operates across 9 countries with approximately 5,500 group employees), YIT Sverige AB represents the parent's exit from the Swedish market after a multi-year effort to scale Nordic infrastructure operations following the Lemminkäinen merger.
YIT Sweden firmographics
Firmographics- Name
- YIT Sweden
- Legal name
- YIT Sverige AB
- Website
- https://yit.se
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- YIT Sverige AB is the Swedish infrastructure construction subsidiary of Finnish parent YIT Oyj, specializing in tunnel, rock, marine, sewage, wind power, and metro construction for Swedish government, municipal, and energy clients through competitive public tenders. The company is now exiting Sweden.
- Ownership category
- akta.pro rank
YIT Sweden industry classification
Industry- Product category
- Infrastructure Construction Services
- NAICS
- Water Supply and Irrigation Systems (22131)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Water Resources, WASH & Integrated Water Management (BPADALAH)
Keywords
Where YIT Sweden is headquartered
LocationHeadquarters
- HQ city
- Solna
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
YIT Sweden 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
- Infrastructure Construction Projects: YIT generates revenue through competitive tendering for large-scale infrastructure projects including tunnels, water treatment facilities, wind power parks, marine construction, and sports facilities. Projects range from 80 million to 1.4 billion SEK in contract value. Revenue is project-based and one-time per contract.
- Design and Engineering Services: Provides geotechnical engineering, project planning, and KMA (Quality, Environment, Occupational Health) coordination as part of project delivery or standalone consulting
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
YIT Sweden product offering
Product offeringCore offering
YIT Sweden is a construction and infrastructure services company that designs and builds large-scale infrastructure projects in Sweden, including wind power foundations, water and sewage treatment facilities, sports and athletics facilities, sustainable data centers, hydropower plants, metro and railway systems, and marine construction works. The company delivers these services primarily to government agencies, municipalities, and large enterprises through project-based contracts and competitive tenders.
Product overview
YIT Sweden is a construction and infrastructure company offering comprehensive engineering and construction services. The product portfolio includes infrastructure construction (tunnel and rock work), wind power infrastructure (foundations and roads), sports and athletics facilities, sewage and water treatment infrastructure, sustainable data centers, hydropower plant construction, metro/railway construction, and marine construction. These services are delivered as project-based offerings to public and private clients across Sweden.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Power Infrastructure Construction
Quantifiable outcome
- 34% CO2 reduction achieved in Sockenplan tunnel project, nearly double initial target of 18%
- +2 more outcomes
Companies that use YIT Sweden
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles1 record
YIT Sweden technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
YIT Sweden partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- Stockholm ParkeringcoreStrategic partnering agreement for Hjorthagsgaraget construction in Norra Djurgårdsstaden. Phase 1 involves securing existing rock caverns and planning/kalkulation work for 1,300 parking spaces.
- AlverdenssupportingWater treatment system supplier that built and maintains YIT's innovative water recycling system for tunnel drilling operations. System enables 100% water recycling and 90% reduction in transportation needs.
- Region StockholmcorePartnership for Stockholm metro expansion. YIT is building working tunnels for Sockenplan metro extension (400 MSEK project, started August 2020). Part of larger 2 billion euro investment in 18 new metro stations over 10 years.
- Stockholm Vatten ABcoreLong-term strategic partnership for Stockholm's future sewage treatment. YIT has worked with Stockholm Vatten since 2015 on Henriksdal treatment plant expansion. Projects include E2 sewage tunnel (1.4B SEK) and Henriksdal BE08 expansion (600 MSEK). Multiple contracts and framework agreements established since 2016.
- AFRYsupportingEngineering consultancy partnership for geotechnical mapping and planning in projects like Hjorthagsgaraget. YIT and AFRY collaborated on geological mapping and design for continued work.
- Fortum ABcoreModernization of Krångede hydroelectric power plant, Fortum's largest facility with 1700 GWh annual production. YIT contracted for 80 MSEK for access tunnel and vertical shaft diamond wire sawing (2018-2023).
Scale indicators5 records
Recent moves8 records
Expansion highlights4 records
YIT Sweden competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
YIT Sweden social profiles
Digital presenceYIT Sweden financial estimates
Financial estimateRevenue estimate
Valuation estimate
YIT Sweden leadership team
Management profileNumber of profiles
Profiles7 records
YIT Sweden funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
YIT Sweden 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 YIT Sweden
What does YIT Sweden do?
YIT Sweden is a construction and infrastructure services company that designs and builds large-scale infrastructure projects in Sweden, including wind power foundations, water and sewage treatment facilities, sports and athletics facilities, sustainable data centers, hydropower plants, metro and railway systems, and marine construction works. The company delivers these services primarily to government agencies, municipalities, and large enterprises through project-based contracts and competitive tenders.
Is YIT Sweden a public or private company?
YIT Sweden is a private company. It is classified as corporate owned and is currently operating.
When was YIT Sweden founded?
YIT Sweden was founded in 2018. It employs 5,001 to 10,000 people.
Where is YIT Sweden based?
YIT Sweden is headquartered in Solna, Sweden, in the Europe region.
How does YIT Sweden make money?
Two revenue lines are on record. Infrastructure Construction Projects are the primary driver. The others are design and Engineering Services.
Does YIT Sweden have an API?
No public API is recorded for YIT Sweden.
What industry is YIT Sweden in?
YIT Sweden's product category is Infrastructure Construction Services. Its primary akta.pro industry code is BPADALAH, Water Resources, WASH & Integrated Water Management. Its NAICS code is 22131 and its SIC code is 1623.