Per Aarsleff Holding
Per Aarsleff Holding is a Danish publicly-traded general infrastructure contractor (founded 1947) that plans, designs, and executes large-scale harbors, railways, offshore wind, building, ground engineering, and pipe rehabilitation projects primarily for public-sector and large enterprise clients across Northern Europe, with recent expansion into Canada.
- Company typePublic
- Founded1947
- HeadquartersRisskov, Denmark
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Per Aarsleff Holding does
Per Aarsleff Holding A/S is a Danish publicly-traded general infrastructure contractor (NASDAQ OMX Copenhagen: PAA), founded in 1947 and headquartered in Viby J, Denmark, with 5,001–10,000 employees. The Group plans, designs, and executes large-scale infrastructure projects — harbors and marine works, railways, roads, airports, bridges, tunnels, district heating, offshore wind foundations, and climate-adaptation assets (sewer systems, reservoirs, coastal protection) — for public-sector clients and selected large private developers across Northern Europe. It is organized into three operating pillars: Construction (buildings, renovation, technical contracts via Wicotec Kirkebjerg, Aarsleff Rail), Ground Engineering (piling, secant pile walls, anchors, groundwater lowering, foundation installation), and Pipe Technologies (trenchless UV-cured and LED-cured lateral rehabilitation, sewer renewal). Aarsleff's H1 FY2026 revenue was DKK 12,245M (+13.6% YoY), with full-year 2025/26 guidance of DKK 25.4–26.1B and a record DKK 26.5B order backlog.
Revenue is generated entirely through project-based, multi-year contracts secured via competitive bidding, with individual contract values ranging into the DKK 1B+ range and a contract mix heavily weighted toward public-sector and regulated-utility buyers. The go-to-market is direct enterprise sales: Aarsleff engages government agencies, municipalities, port authorities, and large private developers through locally established entities in Denmark, Norway, Sweden, Germany, the UK, Poland, Greenland, Iceland, and (as of 2026) Canada. Underlying technology is a mix of proprietary process IP (advanced UV-cured and LED-cured lateral lining, trenchless pipe rehabilitation) and purpose-built production assets (a Poland element factory producing 3,000-ton gravity foundations for offshore wind, in-house reinforced concrete pile production). Recent strategic moves — the 2026 acquisition of CG Jensen A/S and Adserballe & Knudsen A/S (DKK 766M) and the 49.5% stake in Canadian LiquiForce (DKK 90M) — extend the Group into Greater Copenhagen building construction and North American trenchless rehabilitation, respectively.
Per Aarsleff Holding firmographics
Firmographics- Name
- Per Aarsleff Holding
- Legal name
- Per Aarsleff A/S
- Website
- https://aarsleff.com
- Company type
- Public
- Founded year
- 1947
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Per Aarsleff Holding is a Danish publicly-traded general infrastructure contractor (founded 1947) that plans, designs, and executes large-scale harbors, railways, offshore wind, building, ground engineering, and pipe rehabilitation projects primarily for public-sector and large enterprise clients across Northern Europe, with recent expansion into Canada.
- Ownership category
- akta.pro rank
Per Aarsleff Holding industry classification
Industry- Product category
- Infrastructure Construction Services
- NAICS
- Heavy and Civil Engineering Construction (237), Utility System Construction (2371)
- SIC
- Heavy Construction Other Than Bldg Const - Contractors (1600)
- akta.pro primary industry
- Public Works General Contracting (IMAFAAAG)
- akta.pro secondary industry
- Storage & Conveyance Structures (Reservoirs, Tanks, Culverts, Tunnels) (IMAFAGAE)
Keywords
Where Per Aarsleff Holding is headquartered
LocationHeadquarters
- HQ city
- Risskov
- HQ country
- Denmark
- HQ region
- Europe
Offices8 records
Markets served
Per Aarsleff Holding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Infrastructure Construction Projects: Revenue generated from large-scale infrastructure construction projects including harbors, roads, railways, airports, bridges, tunnels, and urban development. Project-based revenue with multi-year contract cycles.
- Ground Engineering Services: Specialized geotechnical services including foundation installation, pile driving, ground improvement, and excavation support for construction projects.
- Pipe Technologies and Rehabilitation: Trenchless pipe rehabilitation and maintenance services for municipal water and wastewater infrastructure, including lateral lining solutions.
- Building Construction and Renovation: Residential and commercial building construction, renovation, and technical contracts, especially in Greater Copenhagen area following CG Jensen and Adserballe & Knudsen acquisitions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based infrastructure construction services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Per Aarsleff Holding product offering
Product offeringCore offering
Per Aarsleff Holding A/S is a Danish general infrastructure contractor operating through three main divisions: Construction (new-build, renovation, technical contracts), Ground Engineering (foundations, piling, geotechnical work), and Pipe Technologies (trenchless rehabilitation). The company executes large-scale civil engineering and building projects, including harbors, railways, offshore wind farms, roads, bridges, and water/wastewater infrastructure, primarily for public-sector and enterprise customers in Northern Europe.
Product overview
Per Aarsleff Holding operates as a general infrastructure contractor offering a comprehensive portfolio of construction and civil engineering services through its main company and subsidiaries. The company is organized into three main divisions: Construction (covering buildings, renovation, and technical contracts), Ground Engineering (foundations, piles, and geotechnical work), and Pipe Technologies (trenchless rehabilitation). Key subsidiaries include Aarsleff Rail (railway services), Wicotec Kirkebjerg (technical contracts), and Aarsleff Pipe Technologies (pipe rehabilitation). The company serves sectors including harbors, wind farms, residential buildings, railways, sewage systems, and energy infrastructure across Denmark, Norway, Sweden, Germany, England, and Poland.
Differentiator
Problem solved
Functional benefit
Brands
- Aarsleff Rail: Railway construction and services division
- Aarsleff Pipe Technologies
- Wicotec Kirkebjerg
- CG Jensen
- Adserballe & Knudsen
Products and services
- Aarsleff Rail Railway construction, technical installations, and rail-related infrastructure services for transit and rail projects.
- Aarsleff Pipe Technologies Trenchless pipe rehabilitation and maintenance services for municipal water and wastewater infrastructure, including UV-cured lateral lining solutions.
- Wicotec Kirkebjerg Technical contracts specialist focused on hospital technical installations and specialized engineering services.
- Ground Engineering Services Foundation installation services including tubular steel piles, secant pile walls, anchors, construction pits, and groundwater lowering for construction projects.
- Construction Services Building construction including new buildings, renovation, shell structures, technical contracts, pile foundations, site development, and construction pits for residential, commercial, and industrial projects.
- Infrastructure Services Roads, harbors, marine construction, railways, cables, airport facilities, mining, drinking water systems, geotechnical investigations, and sports fields construction.
- Energy Services Wind turbine foundations (including offshore), combined heat and power plants, district heating, and gas infrastructure.
- Climate Change Adaptation Services Sewer systems, reservoirs, and coastal protection solutions for climate resilience.
Quantifiable outcome
- Order backlog of DKK 26.5 billion providing revenue visibility
- +2 more outcomes
Companies that use Per Aarsleff Holding
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Per Aarsleff Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Per Aarsleff Holding partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and minor.
- CG Jensen A/ScoreAcquisition of CG Jensen A/S including associated companies CG Jensen Ejendomme A/S and CG Jensen Forsyning A/S for DKK 766 million. The acquisition strengthens Aarsleff's position within residential and building renovation as well as new-build projects, especially in Greater Copenhagen. CG Jensen shares the same culture and approach as Aarsleff with strong focus on in-house production.
- Adserballe & Knudsen A/ScoreAcquisition of Adserballe & Knudsen A/S as part of the same transaction as CG Jensen. Together these acquisitions added capacity in the construction area with combined 2025 revenue of DKK 2.3 billion and EBIT of DKK 107 million.
- LiquiForcecoreStrategic partnership between Per Aarsleff (PAA) and LiquiForce, a PURIS company, to expand and enhance lateral rehabilitation solutions across Canada. PAA became part owner of the newly formed LiquiForce partnership, combining LiquiForce's established Canadian market presence with PAA's technical leadership and equipment innovations including advanced UV-cured technologies. The partnership marks strategic expansion into the North American trenchless pipe rehabilitation market.
- PURISmajorPURIS is the parent company of LiquiForce. The partnership enables Aarsleff to enter the Canadian market for trenchless pipe rehabilitation through LiquiForce's established market presence combined with Aarsleff's technical innovations.
- ArtiConminorAarsleff's investment in the Faroese company ArtiCon was approved. This represents strategic expansion into the Faroese construction market.
- ArtiCon (Faroese contracting company)minorAarsleff invested in a Faroese contracting company as part of geographic expansion strategy into the Faroese Islands market.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Per Aarsleff Holding competitors and assessment
Company assessmentBroad incumbents
- STRABAG SE: Austrian-based European construction leader with extensive heavy civil, building construction, and infrastructure services across Central and Northern Europe. Comparable contracting model but substantially larger scale and geographic reach.
- HOCHTIEF AG: German-headquartered global infrastructure and construction group with significant European civil engineering operations. Comparable in scope to Aarsleff but far larger and more globally diversified, including US (Turner) and Australian (CIMIC) platforms.
- Royal BAM Group: Dutch construction group with strong Northern European civil engineering, building, and property operations. Overlapping geography and infrastructure service mix; broader portfolio including UK and Irish operations.
- VINCI Construction: French-headquartered global construction and concessions giant with civil engineering, building, and infrastructure operations across Europe. Comparable infrastructure delivery capability at significantly larger scale, including offshore and energy infrastructure exposure.
Direct peers
- Skanska AB: Swedish-headquartered global construction and infrastructure contractor with heavy civil, building construction, and project development arms. Most directly comparable large Nordic general contractor across infrastructure, commercial building, and offshore-adjacent work.
- Peab AB: Swedish construction and civil engineering firm operating across construction, civil engineering, and project development in the Nordics. Comparable scale and scope to Aarsleff with overlapping infrastructure, building, and ground engineering services.
- NCC AB: Major Nordic construction and infrastructure company active across building, infrastructure, and property development in the same geographies Aarsleff serves. Direct overlap in heavy civil, building renovation, and Northern European municipal customers.
- Veidekke ASA: Norwegian construction and infrastructure contractor with strong positions in heavy civil, building construction, and asphalt/aggregates. Direct Nordic peer with similar public-sector customer base and project-based contracting model.
Emerging players
- Bilfinger SE: German industrial services and infrastructure construction provider with comparable process industry, pipe/equipment installation, and infrastructure rehabilitation capabilities — overlapping with Aarsleff's Wicotec Kirkebjerg and Pipe Technologies businesses.
Regional players
- YIT Corporation: Finnish construction company focused on housing, business premises, and infrastructure in the Nordics and Baltic states. Comparable building construction and infrastructure services with a similar Northern European operating footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Per Aarsleff Holding social profiles
Digital presencePer Aarsleff Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Per Aarsleff Holding leadership team
Management profileNumber of profiles
Profiles7 records
Per Aarsleff Holding subsidiaries and ownership
Company hierarchySubsidiaries16 records
Per Aarsleff Holding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Per Aarsleff Holding 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 Per Aarsleff Holding
What does Per Aarsleff Holding do?
Per Aarsleff Holding A/S is a Danish general infrastructure contractor operating through three main divisions: Construction (new-build, renovation, technical contracts), Ground Engineering (foundations, piling, geotechnical work), and Pipe Technologies (trenchless rehabilitation). The company executes large-scale civil engineering and building projects, including harbors, railways, offshore wind farms, roads, bridges, and water/wastewater infrastructure, primarily for public-sector and enterprise customers in Northern Europe.
Is Per Aarsleff Holding a public or private company?
Per Aarsleff Holding is a public company. It is classified as public and is currently operating.
When was Per Aarsleff Holding founded?
Per Aarsleff Holding was founded in 1947. It employs 5,001 to 10,000 people.
Where is Per Aarsleff Holding based?
Per Aarsleff Holding is headquartered in Risskov, Denmark, in the Europe region.
How does Per Aarsleff Holding make money?
Four revenue lines are on record. Infrastructure Construction Projects are the primary driver. The others are ground Engineering Services, pipe Technologies and Rehabilitation and building Construction and Renovation.
Who are Per Aarsleff Holding's main competitors?
Broad incumbents on record are STRABAG SE, HOCHTIEF AG, Royal BAM Group and VINCI Construction. Direct peers are Skanska AB, Peab AB, NCC AB and Veidekke ASA. Bilfinger SE is listed as an emerging player. YIT Corporation is listed as a regional player.
Does Per Aarsleff Holding have an API?
No public API is recorded for Per Aarsleff Holding.
What industry is Per Aarsleff Holding in?
Per Aarsleff Holding's product category is Infrastructure Construction Services. Its primary akta.pro industry code is IMAFAAAG, Public Works General Contracting, with a secondary code of IMAFAGAE, Storage & Conveyance Structures (Reservoirs, Tanks, Culverts, Tunnels). Its NAICS code is 237 and its SIC code is 1600.