Tallqvist Oy Ab

What Tallqvist Oy Ab does

Tallqvist Oy Ab is a family-owned Finnish construction and transportation group founded in 1965 in Kokkola and headquartered at Kvikantintie 5, with a regional office in Helsinki. The company operates through three wholly-owned subsidiaries established in 2008 — Ab Tallqvist Infra Oy (earthmoving, infrastructure, and mining services), Ab Tallqvist Energy Oy (fuel transportation and distribution), and Ab Tallqvist Rental Oy (machinery rental) — delivering four service divisions: Infrastructure Construction, Building Construction (housing, commercial, industrial), Mining Services, and Transportation & Maintenance including heavy haulage up to 150 tons.

The company owns and operates a fleet of approximately 70 heavy construction and transportation units including excavators (wheel and track), wheel loaders, dumpers, trucks, compactors, graders, drill rigs, crushers, and marine equipment, with the newest machinery equipped with satellite positioning-based measurement technology providing centimeter-level guidance for excavator operations. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications, RALA construction competence certification, and CE marking for aggregate rock.

Tallqvist generates revenue through project-based B2B contracting in the EUR 1–7.5 million range, acting as both main contractor and subcontractor on infrastructure, mining, building construction, and specialized transport projects across Finland with some international work in neighboring countries. Annual revenue has fluctuated between EUR 23 and EUR 43 million in recent years, with a workforce of 120–220 permanent employees. Key long-tenured customers include Terrafame Oy (mining services at the Sotkamo mine since 2007) and Oy Teboil Ab (fuel transportation partnership since 1965), alongside municipal and industrial clients such as the Cities of Kokkola and Pietarsaari, Kokkolan Satama, and Kewatec Aluboat.

Name

Tallqvist Oy Ab

Legal name

Ab Tallqvist Oy

Website

https://tallqvist.fi

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

101–250 employees

Short description

Tallqvist Oy Ab is a family-owned Finnish construction and transportation group founded in 1965 in Kokkola, operating through three subsidiaries to deliver infrastructure construction, mining services, building construction, and fuel logistics across Finland using a 70-unit heavy machinery fleet, serving mining, municipal, industrial, and fuel distribution clients.

Ownership category

akta.pro rank

Product category

Earthwork and Infrastructure Construction

NAICS

Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Construction & Industrial Equipment Rental/Leasing (Earthmoving, Material Handling, Aerial) (TLABAHAF)

Keywords

• Earthwork construction services
• Infrastructure construction
• Mining support services
• Heavy haulage transport
• Foundation engineering

Headquarters

HQ city

Kokkola

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Infrastructure Construction: Earthmoving, foundation work, marine construction, environmental construction, quarrying and crushing, municipal engineering, highway and road construction, machinery services
2. Mining Services: Mining infrastructure, earth construction, responsible earth and aggregate processing, earthmoving for mining operations
3. Transportation Services: Heavy haulage, special transport, fuel transportation, heavy machinery maintenance
4. Construction Contracting: Housing construction, commercial construction, industrial construction as main contractor

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Ab Tallqvist Oy Ab is a Finnish family-owned construction and earthmoving company that delivers infrastructure construction (earthmoving, road and marine construction, quarrying and crushing, municipal engineering, foundation work), building construction contracting (residential, commercial, industrial), mining services (overburden removal, blasting, crushing, earth construction), and transportation services (fuel logistics, heavy haulage up to 150 tons, special transport, machinery maintenance). It operates through three subsidiaries and a fleet of approximately 70 heavy machinery units, executing projects primarily in Finland.

Product overview

Tallqvist Oy Ab operates as a multi-service construction and transportation group organized around four main divisions: Infrastructure Construction (Infrarakentaminen), Construction Contracting (Rakennusurakointi), Mining Services (Kaivostoiminta), and Transportation & Maintenance (Kuljetus ja huolto). The company is structured around three subsidiaries—Ab Tallqvist Infra Oy (infrastructure and mining), Ab Tallqvist Energy Oy (fuel transportation and sales), and Ab Tallqvist Rental Oy (machinery rental)—alongside the parent company handling construction contracting. With approximately 70 heavy machinery units and 120-220 employees, the company serves clients across Finland with annual revenues between EUR 23-43 million.

Differentiator

Problem solved

Functional benefit

Brands

• Tallqvist Infra: Infrastructure construction and earthmoving services
• Tallqvist Energy
• Tallqvist Rental

Products and services

• Infrastructure Construction (Infrarakentaminen)
• Construction Contracting (Rakennusurakointi)
• Mining Services (Kaivostoiminta)
• Transportation and Maintenance (Kuljetus ja huolto)

Quantifiable outcome

• 60+ years of continuous operation since 1952 truck transport and 1965 founding
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Oy Teboil AbcoreStrategic or Co-development Partner · 1 January 1965Long-standing fuel transportation partnership established in 1965. Oy Teboil Ab (now part of Teboil/Suomen Petrooli) was the kick-start partner for the company's founding. The collaboration has continued for over 60 years in the Central Ostrobothnia region, involving tank truck operations for fuel distribution.
• Terrafame OycoreStrategic or Co-development PartnerMining services partnership at Sotkamo mine since 2007 (originally with Talvivaara Oy). Tallqvist has been a continuous presence providing earth construction, overburden removal, protective structures, basin construction, access roads, and crushing operations. Major projects include overburden rock transport 2015-2019 and raffinate basin construction.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• NCC AB (NCC Suomi): Nordic construction group with significant Finnish operations in infrastructure, housing, and commercial building. Comparable across civil engineering and building construction segments where Tallqvist competes as main contractor or subcontractor.
• Destia Oy: Leading Finnish infrastructure construction contractor specializing in road, bridge, rail, and energy infrastructure. Most directly comparable to Tallqvist's infrastructure construction, foundation work, and municipal engineering services across Finland.
• NRC Group ASA: Nordic infrastructure contractor specializing in rail, road, and earthworks across Finland, Sweden, and Norway. Comparable in earthmoving-heavy civil infrastructure contracting with project-based revenue similar to Tallqvist.
• GRK Infra Oy: Finnish infrastructure contractor focused on road construction, earthworks, bridges, and environmental construction. Closely comparable in service portfolio and mid-market positioning to Tallqvist's infrastructure division.

Broad incumbents

• Skanska Finland: Major Nordic construction incumbent with full Finnish operations spanning infrastructure, residential, and commercial. Overlaps with Tallqvist across infrastructure and building construction but operates at materially larger scale and broader geographic scope.
• YIT Oyj: Largest Finnish construction company with housing, commercial, and infrastructure divisions. Comparable in building construction segment (housing, commercial, industrial) where Tallqvist operates as main contractor, though at much larger scale.
• Peab AB: Swedish construction and civil engineering group with Nordic operations including Finland. Comparable in heavy civil and infrastructure contracting with own equipment fleet operations, though at substantially larger scale than Tallqvist.
• Per Aarsleff Holding A/S: Danish foundation and civil engineering specialist with Nordic footprint. Comparable in heavy civil, foundation work, and infrastructure construction with significant equipment fleet; relevant peer for Tallqvist's foundation and earthmoving business.
• Veidekke ASA: Norwegian construction and civil engineering group with Nordic operations. Comparable in infrastructure, earthmoving, and building construction segments, with similar project-based revenue model and equipment-intensive operations.

Emerging players

• Solvang AS: Norwegian contractor with earthworks and infrastructure focus comparable in size and service mix to Tallqvist. Relevant emerging peer for understanding mid-market Nordic earthmoving contractor economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Tallqvist Oy Ab