What Helgevold Elektro does

Helgevold Elektro (rebranding to Helgevold AS in January 2026) is a Norwegian electrical contracting and automation company founded in 1987 and headquartered in Sandeid, Norway. It delivers electrical installation, automation, solar, security, fiber, audiovisual, and high-voltage services to industrial, commercial, residential, aquaculture, and municipal customers, with 160+ employees across 11 locations in Western Norway and a 30+ year automation track record underpinned by 40+ automation engineers. Named customers include Hima Seafood (NOK 80M contract, the company's largest single deal), Bremnes Seashore, Åkra Sjømat, Fatland Ølen, and multiple municipalities including Vindafjord, Tysvær, Etne, and Rogaland.

The company's differentiated asset is the BRAID platform, a cloud-based building automation system built as an OEM partnership with FINstack and marketed as deployed across 50,000+ installations globally. BRAID combines traditional BMS capabilities with anomaly detection, fault detection and diagnostics, time-series data processing, and energy optimization features, and is being extended into residential smart-home offerings via a 2025 partnership with Intin/Homey under the 'Klart til bruk' brand. In 2025 Helgevold joined Tekni Gruppen, a national industrial services group with 1,300+ employees and NOK 1.1+ billion combined revenue, positioning Helgevold as the largest entity within a multi-vertical electrical and automation platform.

Revenue is generated through project-based electrical contracting, service and maintenance contracts, platform/software licensing tied to the BRAID installed base, and emerging consumer smart-home sales. Complementary moves include a 2022 acquisition of Seam's industrial division, the addition of a high-voltage division and wind-turbine specialization, and a January 2026 CEO transition to Filippo Ballarin, all consistent with a roll-up strategy under Tekni Gruppen aimed at reaching several billion NOK in combined revenue.

Name

Helgevold Elektro

Legal name

Helgevold Elektro AS

Website

https://helgevold.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Helgevold Elektro is a Norwegian electrical contracting and automation company serving industrial, commercial, residential, aquaculture, and municipal clients across 11 Western Norway locations, anchored by its proprietary BRAID cloud-based building automation platform and now part of Tekni Gruppen.

Ownership category

akta.pro rank

Product category

Electrical Contracting and Building Automation Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI)

akta.pro secondary industries

Refrigeration Systems Maintenance (Commercial/Industrial) (BPABACAI), Appliance Maintenance, Cleaning & Tune-Ups (Descaling, Filter Changes) (HSAGANAL)

Keywords

• Electrical contracting services
• Building automation systems
• Industrial automation solutions
• Solar PV installation
• Fire and security systems

Headquarters

HQ city

Sandeid

HQ country

Norway

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electrical Installation Services: Full electrical installation for residential, commercial, and industrial buildings including new construction, renovation, and retrofit projects. Revenue generated through time and materials billing plus fixed pricing for larger projects.
2. Automation Systems: Design, programming, installation and commissioning of building automation, industrial automation, aquaculture automation, and water & wastewater automation systems. Includes SD-anlegg (central control systems) and BRAID cloud platform integration.
3. BRAID Platform: Cloud-based building management and automation platform sold and deployed as part of automation system installations. Revenue from OEM partnership with FINstack/BRAID.
4. Solar Panel Installations: Solar panel design, supply, and installation for residential, commercial, agricultural and industrial customers. Revenue from equipment supply and professional installation services. Partnership with Solarwatt as supplier.
5. Service and Maintenance Contracts: Ongoing service and maintenance services for electrical and automation systems. Billed at hourly rates plus materials. Includes emergency call-out services with fixed pricing for initial hours.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Helgevold Elektro delivers electrical contracting, installation, and maintenance services for industrial, municipal, commercial, maritime, aquaculture, and residential customers in western Norway. The company designs, programs, and deploys building and industrial automation solutions — including its OEM-partnered BRAID cloud platform — and supplies related systems such as solar PV, fire alarm, security, fiber/network, AV, high-voltage, and smart-home packages. Service is grounded in a 160+ person in-house workforce and complemented by Tekni Gruppen group resources.

Product overview

Helgevold Elektro (now Helgevold AS) operates a multi-product and service portfolio centered on electrical contracting, building automation, and energy management. The flagship product is BRAID — a cloud-based building automation and energy management platform (OEM variant of FIN Framework) — which Helgevold distributes as an OEM partner and uses as the core engine of its SD-anlegg (central monitoring/BMS) offerings. Around BRAID/SD-anlegg, Helgevold offers a broad range of service offerings including electrical installation, automation (industrial, aquaculture, water/wastewater), solar PV systems, fire alarms, security/access control, fiber/network infrastructure, audiovisual solutions, high-voltage services, energy advisory, internal control/compliance, and smart home installations. BRAID integrates with open protocols (BACnet, KNX, Modbus, OPC-UA, MQTT, oBIX, Haystack) and runs on edge hardware (F200 controller), gateways, HMI panels, or server/cloud. The company also recently launched a 'Klart til bruk' (Ready to Use) smart home service through an Intin/Homey partnership. All offerings are delivered through a geographically distributed organization across 11 locations in Norway.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial electrical installation and high-voltage contracting Design, installation, and commissioning of low- and high-voltage electrical systems for industrial customers, including plant power distribution, motor control, and associated infrastructure.
• Building and industrial automation solutions Programming, integration, and delivery of building and industrial automation systems spanning HVAC, lighting, and process control using BACnet, KNX, Modbus, OPC-UA, MQTT, and Haystack 4.
• BRAID cloud-based building automation platform (OEM partnership) Cloud platform for real-time building and process monitoring, analytics, and IIoT, integrated with AWS Edge2Cloud and deployed by Helgevold as an OEM partner for enterprise customers.
• Solar PV installation Design and installation of rooftop and building-integrated solar PV systems for residential and commercial customers seeking to reduce electricity costs.
• Fire alarm systems Supply, installation, and servicing of fire alarm systems for residential, commercial, municipal, and industrial buildings.
• Security systems Design and installation of intrusion detection, surveillance, and access-control systems for residential, commercial, and public-sector customers.
• Fiber and network installation Fiber and data-network cabling and installation services for residential and commercial premises.
• AV systems Design and installation of audio-visual systems for commercial, public, and residential environments, including meeting rooms and public buildings.
• Smart-home package (Klart til bruk) Pre-configured smart-home solution for residential customers, delivered ready-to-use with installation and configuration by Helgevold technicians.
• Energy advisory services Energy-use assessment and advisory services for residential, commercial, and industrial customers, including guidance on efficiency upgrades and renewable integration.
• Internal electrical control (NEK 405) inspections Periodic inspection of residential and commercial electrical installations to verify compliance with the NEK 405 internal-control standard.
• Engineering and design services Engineering, design, and project planning services for electrical and automation projects across industrial, commercial, municipal, maritime, and aquaculture customers.

Quantifiable outcome

• Energy savings of 45,000-50,000 NOK per year for customers upgrading to LED lighting systems with zone-based control
• +2 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability8 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Intin AScoreTechnology or IntegrationPartnership with Intin AS for smart home solutions. The 'Klar til bruk' (Ready to use) solution provides smart control systems for homes and holiday properties that are pre-configured, installed and ready from day one. Intin provides technical expertise and updates while Helgevold handles local installation and service.
• Tekni GruppencoreStrategic or Co-development PartnerHelgevold joined Tekni Gruppen in 2025 alongside Gardermoen Elektro, Arendel EL-team, and Østfold Enøk & Ventilasjon. Combined revenue of 1.1+ billion NOK with approximately 800 specialists. Ambition to become Norway's leading supplier of technical installation services through organic growth and acquisitions. Driv Kapital is the Norwegian investment company backing the group.
• FINstack / BRAIDcoreTechnology or IntegrationHelgevold is an OEM partner of FINstack/BRAID, deploying the Norwegian version of FIN Framework for building automation. BRAID is a cloud-based common platform for all automation systems. The platform supports BACnet, Modbus, KNX, OPC-UA, MQTT and Haystack 4 tagging standard. Deployed in over 50,000 installations across 20 countries.
• Consto Midt-Norge ASminorChannel Partner/ Reseller/ DistributorConsto Midt-Norge AS was the main contractor for the Åkra Sjømat project where Helgevold served as electrical and automation subcontractor.
• Hervik RørminorChannel Partner/ Reseller/ DistributorPart of the Åkra Sjømat project team alongside Helgevold and Nord-Rogaland Blikk.
• Nord-Rogaland Blikk & VentilasjonminorChannel Partner/ Reseller/ DistributorSubsidiary of Helgevold Gruppen, part of the same corporate group and project delivery team.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• OneCo (OneCo Technologies): Norwegian electrical and telecom infrastructure contractor with automation and fiber capabilities serving enterprise and public-sector customers. Closely comparable to Helgevold's industrial and infrastructure automation service mix.
• Gardermoen Elektro: Norwegian electrical contractor now part of Tekni Gruppen alongside Helgevold. Closely comparable regional peer; shared Tekni ownership makes them both collaborators and direct competitors for the new group's national contracts.

Broad incumbents

• Caverion Norge: Caverion delivers building automation, electrical, and HVAC services across the Nordics. Direct overlap with Helgevold's BMS and electrical contracting offering, but with broader geographic reach and a stronger digital services portfolio.
• Honeywell Building Technologies: Global building management systems and automation vendor. Comparable in BMS functionality to BRAID; competes with Helgevold at the software layer when enterprise customers standardize on a vendor stack.
• Bravida Norge: Bravida is the largest Nordic multi-technical service provider (electrical, HVAC, automation, security). Comparable to Helgevold as a multi-trade contractor serving commercial/industrial customers across Norway, but operates at far greater national scale.
• Eltel Networks: Nordic power and communication infrastructure contractor specializing in high-voltage, fiber, and electrical grid services. Comparable to Helgevold's newly established Høyspent division and fiber/network offerings.
• GK Norge (GK Gruppen): GK is a leading Norwegian technical contractor (HVAC, electrical, automation) serving commercial and industrial buildings. Comparable customer base and BMS-oriented service offering; larger national footprint than Helgevold.
• YIT Norge: YIT provides technical building services including electrical installations, HVAC, and automation across the Nordics. Comparable to Helgevold in commercial/industrial contracting; larger scale and broader geographic reach.
• Schneider Electric (Norway): Global BMS and industrial automation vendor whose Ecostruxure platform Helgevold supports as an authorized dealer. Comparable in building automation product offering; vastly larger R&D and ecosystem scale.
• Assemblin (Norge): Assemblin is a Nordic multi-technical installer covering electrical, HVAC, and automation. Comparable service portfolio to Helgevold, with national Nordic presence and stronger cross-border operational backbone.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HelgevoldGruppen
• LinkedInlinkedin.com/company/helgevold

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 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 Helgevold Elektro