Nordasfalt

What Nordasfalt does

Nordasfalt AS is a privately held Norwegian construction services company founded in December 1988 that produces and lays asphalt for public infrastructure and private construction projects across Nordland and Troms in Northern Norway. The company operates two fixed asphalt plants — Vikan in Bodø and Fornes/Ballangen in Narvik — with a combined annual output of approximately 200,000 tonnes of asphalt and approximately 2 million square metres of paved surface area. Its technology stack spans hot-mix production at 140–180°C, cold-mix production using bitumen emulsion or foamed bitumen, low-temperature asphalt (LTA) at both plants, in-house laboratory quality control, mobile asphalt milling and recycling plants, and a bitumen import terminal at Vikan with its own quay for European tanker vessels. Adjacent operations include gravel/crushed stone/sand sales from four outlets (~500,000–600,000 tonnes per year), bridge and concrete rehabilitation (established 2011), tunnel washing and road sweeping via six sweeping vehicles, seasonal snow plowing, dry firewood retail, and external sales of bitumen, emulsion, and polymer-modified bitumen (PmB). The wholly-owned subsidiary Finneid Grus AS, acquired in 2013, supplies upstream stone materials.\n\nThe business model is project-based and transaction-driven. Pricing is quote-based and not publicly disclosed for asphalt paving and rehabilitation work; firewood is unit-priced (60L bags at 150 NOK, 1000L big bags at 1,600 NOK, incl. VAT). Distribution relies on direct truck delivery from the two factories and a boat-shipping partnership with Nordmani AS (cargo vessels Cabal and Casino) to reach remote coastal communities — Lofoten, Meløy, Hamarøy, Saltdal, Steigen, and Tysfjord. The customer base is dominated by Norwegian public-sector buyers — Statens vegvesen (Public Roads), Avinor (airports), Forsvarsbygg (defence infrastructure), and a portfolio of municipalities across Nordland — alongside recurring private contractors and a small base of individual homeowners. Marketing is conducted primarily through the company website, direct email enquiries, telephone outreach, and customer referrals; no app, public API, or digital ecosystem is offered.\n\nOwnership is held 50/50 between Økonomistyring AS (representing the founding Slettmyr family, which retains visible management influence through CEO Kevin Slettmyr and Operations Manager Remi Slettmyr) and Lemminkainen Norge AS, a Finnish-owned entity that acquired the stake from Icopal Denmark in 1998. The company carries ISO 9001, 14001, and 45001 certifications, holds Central Approval (Sentral godkjenning) from the Norwegian Building Authority, and operates CPR-certified production control systems at both factories — qualifications used to bid on public-sector tenders. There is no venture capital, private equity, or public market involvement.

Name

Nordasfalt

Legal name

NORDASFALT AS

Website

https://nordasfalt.no

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Nordasfalt AS is a privately held Northern Norwegian asphalt production and paving company operating two factories in Bodø and Narvik, producing ~200,000 tonnes of asphalt and 500-600,000 tonnes of aggregates annually for public infrastructure and private construction clients across Nordland and Troms.

Ownership category

akta.pro rank

Product category

Asphalt Paving and Construction Services

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Highway, Street, and Bridge Construction (23731)

SIC

Asphalt Paving & Roofing Materials (2950), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG)

akta.pro secondary industries

Asphalt & Pavement Removal / Milling (IMAFAKAM), Asphalt Aggregates & Specialty Aggregates (Rail Ballast, Riprap, Lightweight) (IMADAAAJ), Asphalt Additives & Performance Enhancers (Anti-strip, Warm-mix, Fibers, Rejuvenators) (EUALAKAH)

Keywords

• Asphalt production
• Road paving services
• Construction materials supply
• Bridge rehabilitation services
• Bitumen and emulsion sales

Headquarters

HQ city

Bodø

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asphalt production and paving services: Core business: production of approximately 200,000 tonnes of asphalt annually and laying/paving for public and private clients. Revenue is project-based, driven by contracts with Statens vegvesen, Avinor, Forsvarsbygg, municipalities, contractors, and private customers. Asphalt is transported by truck from factories to destination.
2. Gravel, crushed stone, and sand sales: Sale of 500-600,000 tonnes per year of gravel, crushed stone (singel og pukk), and sand from four locations (two in Vikan/Bodø, Finneid Grus in Fauske, Fornes in Ballangen). Revenue is per-tonne/unit transaction-based.
3. Dry firewood (tørr ved) sales and delivery: Seasonal retail sale of firewood in small bags (60L at 150 NOK) and big bags (1000L at 1600 NOK), with delivery to Bodø and Fauske areas. Revenue is per-unit transaction.
4. Bridge and concrete rehabilitation: Specialised rehabilitation division (established 2011) handling moisture insulation (Topeka 4S), combined insulation and wearing course (STA11), concrete rehabilitation, concrete work, railing and guardrail installation, surface treatment, and culvert/ditch rehabilitation. Revenue from project-based contracts.
5. Bitumen, emulsion, and PmB sales: Import and sale of liquid bitumen to other producers, and production and sale of bitumen emulsion with and without polymer-modified bitumen (PmB) from the Vikan import facility.
6. Tunnel washing and sweeping services: Six sweeping trucks and loaders with sweeping aggregates provide tunnel cleaning and road sweeping services across all of Northern Norway. Revenue from service contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Nordasfalt produces approximately 200,000 tonnes of asphalt per year at its two factories in Bodø (Vikan) and Narvik (Ballangen) and delivers paving services for roads, driveways, airports, industrial sites, and cycle paths. The offering extends to milling, bridge and concrete rehabilitation, tunnel washing and sweeping, plus sales of bitumen, emulsion, polymer-modified bitumen, gravel, crushed stone, sand, and seasonal dry firewood.

Product overview

Nordasfalt is a construction services company offering a comprehensive portfolio of asphalt-related products and services. The core offerings include asfaltering (asphalt paving), fresing (milling), rehabilitering (bridge/concrete rehabilitation), and tunellvask og feiing (tunnel washing and sweeping). Supporting services include bitumen/emulsion/PMB sales, grus/singel/pukk (aggregate sales), and tørr ved (dry firewood). The company operates two asphalt production facilities in Bodø and Narvik, offering both hot and cold production methods including low-temperature asphalt. Additional services encompass forarbeid (preparation work), resirkulering (recycling), laboratorie testing, an import facility for bitumen, and logistics services including boat transport. Finneid Grus AS, a wholly-owned subsidiary, supplies stone materials from the Fauske region.

Differentiator

Problem solved

Functional benefit

Products and services

• Asfaltering (Asphalt Paving) Asphalt paving of roads, driveways, sidewalks, cycle paths, industrial sites, and airport runways. The asphalt mix uses 94–95% stone materials and 5–6% bituminous binder. Available to public-sector clients and private contractors and individuals across Northern Norway.
• Asphalt Production (Produksjon) Hot-mix asphalt production at 140–180°C and cold production using bitumen emulsion or foamed bitumen, including low-temperature asphalt (LTA). Operated from two factories (Bodø Vikan and Narvik Ballangen) with combined capacity of approximately 200,000 tonnes per year.
• Fresing (Asphalt Milling) Asphalt milling services including plan milling to remove ruts and unevenness, joint and edge milling, and sinusoidal rumble-strip milling. Fleet includes 2.0 m width large mills, 35 cm and 50 cm width mills, and custom sumps.
• Rehabilitering (Bridge and Concrete Rehabilitation) Bridge maintenance, moisture insulation (Topeka 4s on concrete, steel and wood decks), combined moisture insulation and wearing course (STA11), concrete rehabilitation, concrete work, railing and guardrail installation, surface treatment, and culvert and ditch rehabilitation.
• Tunellvask og feiing (Tunnel Washing and Road Sweeping) Tunnel cleaning using specialised equipment on hook-lift trucks with water trailers, and road sweeping and cleaning using six sweeping vehicles plus loaders with sweeping attachments across all of Northern Norway.
• Bitumen, emulsjon og PmB (Bitumen, Emulsion and Polymer-Modified Bitumen) Sale of liquid bitumen imported from European suppliers via the Vikan import terminal, and production and sale of bitumen emulsion with and without polymer-modified bitumen (PmB) at the same facility. Supply is available to other producers and to Nordasfalt's own asphalt factories.
• Grus, singel og pukk (Gravel, Screenings and Crushed Stone) Sale of gravel, screenings (singel), and crushed stone (pukk) from four retail locations — two in Vikan/Bodø, Finneid Grus AS in Fauske, and Fornes in Ballangen. Annual sales of 500,000–600,000 tonnes. Soil is also available in the summer half-year. Purchases can be made via pickup or truck delivery, with Vipps payment available for private customers.
• Asphalt Recycling (Resirkulering) Reception, processing, and reuse of reclaimed asphalt (returasfalt) via mobile crushing and mixing plants. Reclaimed material is used as unbound material or as feedstock for new asphalt production, supporting complete road constructions from reinforcement layers through wearing courses.
• Tørr ved (Dry Firewood) Seasonal retail sale of dry firewood in 60-litre small bags at 150 NOK and 1000-litre big bags at 1,600 NOK, including VAT. Delivery is available to the Bodø and Fauske areas with area-based surcharges; self-collection is available at the Finneid warehouse in Fauske. Payment is made via Vipps 574634.
• Forarbeid (Preparation Work) Ground preparation services for paving projects including road profile preparation (base course and fine grading), laying of curb stones and cobblestones, and construction of associated walls and stairs.

Quantifiable outcome

• ~200,000 tonnes of asphalt delivered annually to public and private projects
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Finneid Grus AScoreOthers · 1 January 2013Finneid Grus AS is a wholly-owned subsidiary of Nordasfalt AS. The company operates crushed stone and gravel production at Finneid near Fauske and serves as the primary supplier of stone materials in the Fauske region. Contact: Frank T. Karlsen, +47 977 44 708.
• Nordmani AScoreOthers · 1 February 2007Nordmani AS is a shipping company based in Bodø established in February 2007. The company owns the cargo vessels Cabal (max 1,760 tonnes) and Casino (max 2,500 tonnes with band conveyor equipment), primarily shipping bulk cargo such as sand, gravel, crushed stone, asphalt, grain, and flour. Nordmani also brokers for 3-5 additional vessels. This partnership enables Nordasfalt to deliver large asphalt shipments by sea to remote coastal locations in Northern Norway.

Scale indicators5 records

Recent moves17 records

Expansion highlights5 records

Broad incumbents

• Veidekke ASA: One of Norway's largest construction contractors with a dedicated asphalt and aggregates division (Veidekke Industri) operating across Norway. Directly comparable in asphalt production, paving and road construction but with nationwide scale versus Nordasfalt's regional focus.
• Skanska Norway: Norwegian arm of Swedish construction group Skanska. Active in civil infrastructure, road construction and asphalt paving through its contracting business. Competes for the same Statens vegvesen and municipal tenders as Nordasfalt but with much broader portfolio.
• YIT Norge AS: Finnish-origin construction company with Norwegian operations in infrastructure, paving and road maintenance. Competes in public-sector tenders and offers comparable asphalt and paving services, though with broader construction portfolio.
• NCC Industry AS: Norwegian subsidiary of Sweden's NCC Group; runs an Asphalt and Stone Materials division producing asphalt and aggregates for road construction. Closely comparable product set (asphalt + aggregates) with national distribution; competes in same Norwegian tender markets.
• AF Gruppen ASA: Large Norwegian contracting group active in civil engineering, building and infrastructure projects. While broader than Nordasfalt, it competes in heavy civil and road infrastructure tenders in Northern Norway and operates its own construction resources.

Direct peers

• Feiring Asfalt AS: Norwegian asphalt production and paving contractor operating multiple asphalt plants across Eastern and Central Norway. Closely comparable business model (factory-based hot/cold mix, paving services, recycling) — direct peer, though geographically distinct (southern vs. northern Norway).
• Mesta AS: Norwegian state-owned road construction and maintenance company operating across Norway. Highly comparable: produces asphalt, performs paving, milling and rehabilitation for public road clients (including Statens vegvesen) — direct public-sector tender competitor to Nordasfalt.

Others

• Lemminkäinen Norge AS (Peab): Norwegian arm of the Finnish Lemminkainen group (now part of Peab). Currently holds 50% of Nordasfalt AS and itself operates in asphalt and paving across Norway. Relevant as both shareholder and competing contractor in the Nordic asphalt market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nordasfalt-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Nordasfalt