Ullandhaug

What Ullandhaug does

Ullandhaug Invest AS is a Norwegian private limited company (Aksjeselskap) headquartered in Bryne that operates as a family-controlled investment holding company combining industrial operations and commercial real estate in the Jæren/Rogaland region. Its industrial portfolio comprises three wholly owned subsidiaries: Serigstad Agri AS (agricultural technology including automated feeding systems, farm machinery and silage pumps), Bondura Technology AS (development and production of customized expanding bolts for industrial applications) and Depro AS (tools and equipment for underwater operations, available for purchase or rental as standardized units or custom builds). Alongside the industrial businesses, the company owns and manages commercial and industrial properties across the Time, Klepp and Sandnes municipalities via Vardheia Næringspark AS, with available commercial space currently marketed at Kirkegata 9, Sandnes.

The company generates revenue through two streams: industrial operations (hardware sales across the three manufacturing and engineering subsidiaries) and real estate (recurring rental income from owned commercial and industrial properties). Its go-to-market is direct B2B — enterprise field sales for industrial products and direct property leasing for real estate — with pricing not publicly disclosed and terms negotiated on a commercial basis. Customer segments span agriculture (Serigstad Agri), oil and gas/subsea engineering (Depro), and manufacturing/engineering (Bondura), as well as commercial property tenants in Rogaland.

Ullandhaug traces its legal predecessor to Stavanger Kneippbrødfabrik AS, founded in 1918, and its industrial heritage to 1864 through Serigstad operations. The Hauge family assumed control in 1968 via Erik O Hauge; the entity was renamed Ullandhaug Invest AS in 1999 following the divestiture of the original bakery business (spun off in 1985 and merged into Bakehuset Norge AS in 1997). The portfolio was materially expanded through the 2004 acquisition of Breidablikk AS (renamed Vardheia Næringspark AS), with headquarters relocated to the Vardheia industrial area in 2005. The company is led by Managing Director (Daglig leder) Jostein Hauge and is compliant with GDPR, the Norwegian Personal Data Act, and the Norwegian Transparency Act (Åpenhetsloven §4 and §5).

Name

Ullandhaug

Legal name

Ullandhaug Invest AS

Website

https://ullandhaugindustrier.no

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Ullandhaug Invest AS is a Norwegian family-controlled investment holding company managing three industrial subsidiaries — Serigstad Agri (agricultural technology), Bondura Technology (expanding bolts), and Depro (underwater tools) — alongside a commercial real estate portfolio in Rogaland/Jæren.

Ownership category

akta.pro rank

Product category

Industrial Holding and Commercial Real Estate

NAICS

Real Estate and Rental and Leasing (53), Other Activities Related to Real Estate (531390), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Services-Miscellaneous Equipment Rental & Leasing (7350)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Industrial holding company
• Commercial real estate
• Agricultural technology
• Subsea equipment
• Specialty fasteners

Headquarters

HQ city

Bryne

HQ country

Norway

HQ region

Europe

Offices4 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. Industrial Operations: Revenue from manufacturing and technology subsidiaries operating in agricultural technology, specialized bolting solutions, and underwater equipment
2. Real Estate: Rental income from commercial and industrial properties in Time, Klepp, and Sandnes municipalities

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Ullandhaug Invest AS is an investment holding company that owns and manages three industrial subsidiaries — Serigstad Agri AS (agricultural technology including automated feeding systems, agricultural machinery, and silage pumps), Bondura Technology AS (specialized custom expanding bolts for industrial applications), and Depro AS (tools and equipment for underwater operations, available for purchase or rental as standard or custom solutions). In parallel, the company owns and leases commercial and industrial real estate in Time, Klepp, and Sandnes municipalities to enterprise tenants in manufacturing, technology, and professional services.

Product overview

Ullandhaug Invest AS is an investment holding company with a diversified portfolio consisting of three industrial subsidiaries and commercial real estate. The industrial operations include Serigstad Agri AS (agriculture technology with automated feeding systems and farm machines), Bondura Technology AS (specialized expanding bolts), and Depro AS (underwater tools and equipment). The company also owns and manages commercial properties across Time, Klepp, and Sandnes with tenants in manufacturing and technology sectors. The offering represents an investment company structure managing a platform of distinct industrial businesses and property assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Serigstad Agri AS — Agricultural Technology Systems A wholly owned industrial subsidiary providing agricultural technology including automated feeding systems, agricultural machinery, and silage (ensiling) pumps for the farming sector. Targeted at farmers and agricultural businesses seeking to modernize operations and improve labor efficiency.
• Bondura Technology AS — Custom Expanding Bolts A wholly owned industrial subsidiary developing and producing customized expanding bolts for a broad range of industrial and engineering applications. Targeted at manufacturing and engineering firms needing tailored fastening solutions where standard off-the-shelf fasteners are insufficient.
• Depro AS — Underwater Tools and Equipment A wholly owned industrial subsidiary delivering tools and equipment for underwater operations for the subsea and oil & gas industry. Customers can purchase or rent standardized technologies and can commission customized solutions based on the customer's own designs and IP.
• Commercial Real Estate Portfolio (Time, Klepp, Sandnes) Commercial and industrial properties owned and leased by Ullandhaug Invest AS to enterprise tenants in manufacturing, technology, and professional services across Time, Klepp, and Sandnes municipalities (Rogaland). Available space at Kirkegata 9, 4307 Sandnes is currently marketed for office or urban commercial use. Premises support industrial, technology, workshop, office, production, and warehouse operations.

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• BonduraminorOthersBondura is a tenant in Ullandhaug Invest's property portfolio, operating from company-owned industrial premises in the Rogaland region.
• SerigstadminorOthersSerigstad operates as a tenant in Ullandhaug Invest's commercial property portfolio, continuing the historical industrial operations originally started by Andreas Serigstad in 1864.
• DeprominorOthersDepro AS is a subsidiary within the Ullandhaug Invest group, operating independently while benefiting from group resources and shared property infrastructure.
• Serigstad Agri ASminorOthersSerigstad Agri AS is an industrial subsidiary specializing in agricultural technology including automated feeding systems, agricultural machinery, and silage pumps for the farming sector.
• Bondura Technology ASminorOthersBondura Technology AS is an industrial subsidiary developing and producing customized expanding bolts with a wide range of applications in manufacturing and engineering.

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Volati AB: Swedish industrial holding company that owns and develops niche businesses with long-term ownership horizons. Comparable structural model to Ullandhaug as a patient holding parent over small operating companies across varied industrial verticals.
• Lifco AB: Swedish listed industrial holding company that acquires and develops niche industrial businesses in decentralized model. Closest structural comparable: holding-company parent operating a portfolio of small, specialized industrial subsidiaries with long-term ownership philosophy similar to Ullandhaug's family-controlled approach.
• Sdiptech AB: Swedish listed company that acquires and operates niche industrial and infrastructure businesses. Comparable in the strategy of holding multiple small, specialized industrial subsidiaries under one parent, particularly relevant to Ullandhaug's Bondura and Depro niche equipment subsidiaries.
• Herkules Holding AS: Norwegian private equity-style holding company with industrial portfolio companies. Comparable as a Norwegian industrial holding with long-term investment approach, though typically larger and more PE-backed than Ullandhaug's family-controlled structure.

Broad incumbents

• Indutrade AB: Large Swedish decentralized industrial group with hundreds of niche subsidiaries across engineering, technology, and industrial equipment. Comparable in the buy-and-hold niche industrial subsidiary model, though materially larger and more diversified than Ullandhaug's three-subsidiary portfolio.
• Ratos AB: Swedish investment company owning a portfolio of Nordic operating companies. Comparable as a diversified industrial holding with a long-term owner-operator approach, though larger and more PE-influenced than Ullandhaug.
• Addtech AB: Swedish listed industrial distribution and solutions group with decentralized subsidiary model. Relevant comparable for the decentralized industrial subsidiary structure, particularly for Bondura's role as a niche supplier of specialized components.
• Aker Solutions ASA: Major Norwegian listed supplier of subsea, offshore, and engineering solutions to the oil and gas industry. Relevant comparable for Depro AS given overlap in subsea tools and underwater equipment serving offshore energy customers, though vastly larger in scale.

Regional players

• Norwegian Property ASA: Norwegian listed commercial real estate company with a portfolio of high-quality office properties. Comparable for the commercial real estate component of Ullandhaug's portfolio, with the same Norwegian property market exposure and similar institutional tenant focus.
• Malling & Co: Norwegian commercial real estate advisory and management firm active in the Rogaland and broader Norwegian market. Comparable in the Norwegian commercial property management space, particularly relevant to Ullandhaug's leasing administration of properties in Sandnes and surrounding municipalities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 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 Ullandhaug