Martin M. Bakken AS

What Martin M. Bakken AS does

Martin M. Bakken AS is a Norwegian general construction contractor founded in 1928, headquartered in Elverum with a secondary office in Hamar, and operating exclusively in the Hedmark region of Norway. The company is a wholly-owned subsidiary of AS Backe (Backe Gruppen) and delivers new construction, rehabilitation, and renovation projects across commercial, residential, and public sectors. It secures work through general contracts, total contracts, main contracts, and collaborative contracts (samspillsentrepriser), sourced via public procurement tendering and direct private negotiations.

The company's core offering is general contracting executed with an in-house production workforce of skilled carpenters and concrete workers, supported by an apprenticeship pipeline (7 apprentices out of 56 blue-collar staff at end-2021). Differentiators emphasized in the input include local presence, professional project management, flexibility across project sizes, and a documented track record of operational quality (zero injuries with absence, zero defects, and above 7% margin in 2021, meeting the parent group's '007' target). Notable flagship deliveries include the 290 million NOK Hamar Kulturhus municipal project and the 174 million NOK BREEAM-NOR Very Good-certified Utstillingsplassen kontorbygg.

Martin M. Bakken generates revenue primarily through project-based construction contracts, with self-reported annual turnover of approximately 400 million NOK and guidance for ~500 million NOK in 2022. Revenue is recognized on individual multi-year contracts (one-time project economics, not recurring licenses) under competitive tendering and direct negotiation. The customer base is roughly split between private developers and businesses and public sector clients such as Hamar kommune and Stange municipality. The go-to-market is sales-led, relationship-driven, and confined to a single domestic region, with the broader Backe group providing optionality on larger pursuits.

Name

Martin M. Bakken AS

Legal name

Martin M. Bakken AS

Website

https://backegruppen.no

Company type

Private

Founded year

1928

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

General Construction Services

NAICS

Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

akta.pro secondary industries

Commercial General Contracting (New Build) (IMAFAAAA), Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• General construction services
• Commercial building construction
• Residential building construction
• Rehabilitation and renovation
• Public infrastructure construction

Headquarters

HQ city

Elverum

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Construction contracting revenue: Martin M. Bakken generates revenue through construction contracting services including new building, rehabilitation, and renovation projects for commercial, residential, and public sector clients. Revenue is project-based, generated through general contracts, total contracts, main contracts, and collaborative contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Martin M. Bakken AS is a general construction contractor that delivers new building, rehabilitation, and renovation projects for commercial, residential, and public sector clients in the Hedmark region of Norway. The company executes work under general contracts, total contracts, main contracts, and collaborative contracts (samspillsentrepriser) using its own employed workforce of skilled carpenters and concrete workers, supplemented by 7 apprentices. It secures projects through public procurement and direct negotiations, with annual revenue of approximately 400 million NOK.

Product overview

Martin M. Bakken AS is a construction/contracting company offering general construction services. The company provides building construction for commercial buildings (yrkesbygg), residential construction (boligbygging), and rehabilitation projects. The company operates with its own workforce of skilled craftsmen including carpenters and concrete workers, performing work in-house rather than outsourcing. The company is organized within the Backe Group structure and primarily serves the Hedmark market region.

Differentiator

Problem solved

Functional benefit

Products and services

• General Construction Contracting Services Full-scope general construction contracting for new commercial and residential buildings, executed through general contracts, total contracts, main contracts, and collaborative contracts (samspillsentrepriser) using the company's own in-house workforce of carpenters and concrete workers. Targeted at private developers, property owners, and businesses in the Hedmark region.
• Public Sector Construction Services Construction of public buildings and municipal infrastructure, including schools, cultural venues, and government facilities, secured through Norwegian public procurement competitive tendering. Serves municipalities and government entities in Hedmark requiring compliance with public procurement standards.
• Rehabilitation and Renovation Services Rehabilitation and renovation of existing commercial, residential, and public buildings, performed by the company's own skilled craftsmen. Targeted at property owners, developers, and municipalities needing to upgrade or restore existing structures in the Hedmark region.

Quantifiable outcome

• Zero injuries with absence in 2021
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Backe (Konsernet)coreStrategic or Co-development PartnerMartin M. Bakken AS is a subsidiary of the Backe Group (Backe). As part of Backe, Martin M. Bakken has access to the group's specialized expertise and combined resources at larger construction projects. The company maintains its own local identity and operations while benefiting from the group's collective expertise and shared resources.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Skanska Norge: Norwegian arm of Skanska, one of the world's largest construction firms, competing for commercial and public building contracts in Norway. Overlaps strongly with Martin M. Bakken's nonresidential and public-sector project mix.
• Veidekke ASA: One of Norway's largest general contractors with operations across construction and civil engineering. Highly relevant comparator by business model (own workforce general contracting) and Norwegian market presence, though much larger and more diversified than Martin M. Bakken.
• AF Gruppen ASA: Major Norwegian contractor active in building, civil, and environmental construction. Competes for the same commercial and public tenders including Betonmast (acquired). Comparable on contract size and Norwegian operating footprint.
• Peab Anlegg / Peab Norge: Norwegian subsidiary of Sweden-based Peab, one of the Nordics' largest construction groups. Direct competitor for commercial building and public tenders across Norway including the inland regions.
• NCC Norge AS: Norwegian operations of Sweden-based NCC, competing for commercial, public, and residential building contracts. Overlapping customer base with municipal and private developers similar to Martin M. Bakken.

Direct peers

• Betonmast AS (AF Gruppen subsidiary): Norwegian general contractor specializing in residential, commercial, and public building construction. Closely comparable in project types (new build, rehabilitation) and Norway-focused operations.
• Kruse Smith Entreprenør AS: Norwegian contractor with own workforce carrying out commercial, public, and residential construction across multiple regions. Directly comparable in operating model - self-performing general contractor serving mixed public/private clients in Norway.
• Hent AS: Norwegian general contractor focused on building construction for public and commercial clients, with regional offices. Similar mid-sized general contractor profile with own workforce executing nonresidential and public projects.
• Consto AS: Norwegian contractor active in commercial, residential, and public building construction with own workforce. Comparable size and operating model to Martin M. Bakken as a self-performing regional contractor.

Others

• Backe Entreprenør (sister subsidiary): Sister company within AS Backe group performing similar general contracting work in different geographies. Useful benchmark on group-level margins, project delivery, and operational metrics since they share processes and resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/martin-m-bakken-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Martin M. Bakken AS