HM Entreprenør A/S

What HM Entreprenør A/S does

HM Entreprenør A/S is a privately held Danish construction and excavation contractor headquartered in Horsens, Denmark, operating across Denmark and Sweden. The company delivers four integrated service lines: earthwork and site preparation (jord), sewer and drainage (kloak), concrete and formwork (beton), and paving and surfacing (belægning), plus soil filling and land restoration, and a secondary commercial land sales business in Midtjylland. Customers include Danish municipalities and wastewater utilities, commercial and industrial builders, farmers and landowners, and commercial land buyers, with named projects including Recharge City (Europe's largest parking and charging facility with EU platinum certification), a 40,000 sqm Lidl high-bay warehouse in Køge executed via subcontractor Ajcon, and the Boulevarden Odder sewage separation project for Odder Spildevand A/S.

The business model is project-based contracting on a quotation basis, with revenue recognized on completed project delivery and net 45-day payment terms. The company operates a modern owned fleet of excavators, dozers, and dumpers equipped with GPS/machine control for precision earthwork, supplemented by wholly-owned subsidiary HM Grus for gravel extraction. Distribution is exclusively direct-to-customer via field sales, phone outreach, and on-site consultation; the company maintains no dealer or reseller channels. Marketing is limited to the company website (hm-as.dk), LinkedIn, Facebook, press releases, and local sponsorships in the Horsens region.

The firm was founded in 1971 by Henning Mathiassen, acquired by Michael Mortensen in 2008, and has grown to approximately 80 employees post-divestitures of HM Logistik (2018) and HM Genbrug (2020), and the acquisition of Eigil Fynbo A/S (2018). In 2025, the company underwent a generational leadership transition: Morten Fjerbæk was appointed CEO on June 1, 2025, and a new board was constituted on August 15, 2025, with Henning Barsøe as chairman. The company is recognized by Dansk Byggeri as an "Elite Leverandør" (2021) and as a top 1% construction supplier, and is CO2-neutral certified through a 205-hectare Uganda forestry project co-invested with Mortensen Gruppen.

Name

HM Entreprenør A/S

Legal name

HM Entreprenør A/S

Website

https://hm-as.dk

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

51–100 employees

Short description

HM Entreprenør A/S is a Danish construction and excavation contractor in Horsens, delivering earthwork, sewer, concrete, and paving services to municipalities, commercial builders, and landowners across Denmark and Sweden.

Ownership category

akta.pro rank

Product category

Construction and Civil Engineering Services

NAICS

Site Preparation Contractors (238910), Site Preparation Contractors (23891), Land Subdivision (23721), Nonresidential Building Construction (2362)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Site Remediation & Contaminated Soil Handling (IMAFAKAG)

Keywords

• Construction excavation services
• Earthwork site preparation
• Sewer drainage installation
• Concrete paving services
• Civil engineering contractor

Headquarters

HQ city

Horsens

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Construction and excavation services: HM Entreprenør A/S earns revenue through project-based construction services covering earthwork, sewage/civil engineering, concrete work, and paving. Revenue is generated from one-time project fees under contract, with payment terms of net 45 days from end of month.
2. Commercial land sales: Sale of commercial land (erhvervsgrunde) located in Midtjylland in developed commercial zones. Revenue recognized on disposal of land assets.
3. Soil/earth filling services: Soil filling and terrain regulation services provided to farmers and landowners, including permit handling, transport, and site restoration.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

HM Entreprenør A/S is a Danish contractor that performs earthwork and site preparation, sewer and drainage installation, concrete foundations, and paving for construction projects. The company also sells commercial land in Midtjylland and provides soil filling and terrain regulation for farmers. Projects are won through direct client relationships and delivered across Denmark and Sweden.

Product overview

HM Entreprenør A/S is a Danish construction and excavation contractor offering a unified portfolio of construction services organized around four core competencies: earthwork and site preparation (jord), sewer/drainage (kloak), concrete work (beton), and paving (belægning). The company operates as a single integrated service provider with specialized sub-services including soil filling and land restoration (jordpåfyldning & retablering), commercial land sales, and vocational training for apprentices. The core services are delivered through a modern machinery fleet and qualified workforce, with additional supporting functions including environmental management and CO2 compensation projects. No modular software platform exists—this is a traditional construction service company.

Differentiator

Problem solved

Functional benefit

Products and services

• Jordarbejde & Byggemodning (Earthwork and Site Preparation) Earthwork and site preparation services including excavation, ground leveling, terrain regulation, contaminated soil remediation, and foundation groundwork for construction projects across Denmark and Sweden.
• Kloakarbejde (Sewer and Drainage Installation) Sewer and drainage installation services including new drainage systems, sewer renovation, sewer separation (rainwater and wastewater), concrete and PVC pipe installation, and separator establishment for municipalities and developers.
• Betonarbejde & Støbearbejde (Concrete and Formwork) Concrete and formwork services including foundation pouring, concrete staking for simple to complex foundations, and structural concrete work for various construction projects.
• Belægningsarbejde (Paving and Surfacing) Paving and surfacing services including paving, cobblestone work, tile installation, manual and machine laying of various surfaces, and supply of sub-base materials.
• Jordpåfyldning & Retablering (Soil Filling and Land Restoration) Soil filling and land restoration services for farmers needing terrain regulation, noise barrier establishment, and complete project management from permits to transport and execution.
• Erhvervsjord til Salg (Commercial Land for Sale) Sale of commercial land located in Central Jutland (Midtjylland) in well-developed commercial areas with good development opportunities, marketed directly to buyers.
• Anlægsstruktør Lærlingeuddannelse (Construction Technician Apprenticeship Program) Apprenticeship program for construction structural workers (anlægsstruktør) providing vocational training in earthwork, concrete foundations, drainage systems, and paving, with the goal of hiring a minimum of 3 new apprentices annually.

Quantifiable outcome

• CO2 compensation of up to 500,000 tons over 20 years through Uganda forestry project
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Mortensen GruppencoreStrategic or Co-development Partner · 1 May 2022HM Entreprenør & Mortensen Gruppen co-invest in the Uganda forestry climate compensation project. 205 hectares of new forest planted in Uganda to absorb up to 500,000 tons CO2 over 20 years.
• NUAC Farm (Uganda)coreStrategic or Co-development Partner · 1 May 2022NUAC farm in Uganda is the local partner where the 205-hectare forest is planted. Local workforce and nurseries are employed at the farm.
• TrofacocoreImplementation/ SI/ Consulting Partner · 1 May 2022Trofaco provides independent third-party certification of the Uganda climate project, conducting annual verification visits measuring tree survival, CO2 uptake, and compliance with local laws and international conventions.
• RGS Nordic A/SminorChannel Partner/ Reseller/ Distributor · 8 December 2020RGS Nordic A/S took over operations of HM Genbrug's facility at Kometvej 13 in Horsens (December 2020).
• Kloster A/SminorChannel Partner/ Reseller/ Distributor · 1 April 2018Kloster A/S took over HM Logistik's operations (trucking and machine transport) on April 1, 2018. HM sold its logistics subsidiary to focus on core competencies.
• Learnmark TechminorOthersHM Entreprenør collaborates with Learnmark Tech for the vocational training of anlægsstruktør (construction and excavation technician) apprentices.
• Mortensen Gruppen (Jord & Grunde)minorStrategic or Co-development PartnerCommercial land sales pages reference the Mortensen Gruppen website for additional land and plots, indicating a sibling company relationship.
• AC Horsens, HIC Basket, Horsens & Friends, Horsens Sejlklub, HH EliteminorOthersLocal sponsorship partnerships in the Horsens area supporting sports clubs and community organizations as part of HM's community investment strategy.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• KPC Herning A/S: Mid-sized Danish earthwork and civil-engineering contractor based in Jutland, geographically and operationally comparable to HM as a regional earthworks/sewer player serving municipalities and developers.
• Jorton A/S: Danish civil-engineering contractor offering earthwork, sewer, and concrete services to municipalities and commercial builders; a close competitor for the same Danish infrastructure tenders HM pursues.
• Hoffmann A/S: Danish civil contractor specializing in earthworks, sewer construction, and infrastructure projects; comparable in service portfolio and customer mix (municipalities + commercial builders) to HM Entreprenør.
• M.J. Eriksson A/S: Danish civil-engineering and earthworks contractor of comparable mid-market scale operating across Denmark. Directly comparable as a general earthwork, sewer, and site-preparation contractor competing for the same municipal and commercial tenders HM Entreprenør targets.
• Arkil A/S: Danish contractor group with established civil-engineering, sewer, and road/paving practices across Denmark and Northern Europe. Operates in the same earthwork-to-paving value chain as HM and competes for similar public-works contracts.
• CG Jensen A/S: Danish contracting group with strong civil-engineering and earthworks practice, comparable in service mix (earthwork, sewer, concrete, paving) and Danish municipal customer base to HM Entreprenør.

Broad incumbents

• MT Højgaard A/S: Major Danish construction and civil-engineering group covering building, infrastructure, and large-scale earthworks. Competes with HM for commercial and infrastructure work but at fundamentally larger scale; a typical prime contractor on the projects where HM often serves as subcontractor.
• NCC Industry A/S: Danish arm of Nordic construction group NCC, active in asphalt, aggregates, and civil infrastructure. Directly comparable in paving, aggregates, and civil works, but with much larger fleet, aggregate resources, and geographic reach than HM.
• Per Aarsleff A/S: One of Denmark's largest civil-engineering contractors (and listed parent of Aarsleff Ground Engineering). Overlaps directly with HM in earthwork, sewer, and infrastructure work but operates at materially larger scale and broader geography, dominating the mega-project tenders HM cannot self-perform.

Emerging players

• Kloster A/S: Danish contractor that acquired HM Logistik in April 2018 and now operates trucking and machine transport adjacent to HM's core business. Comparable as a Danish site-services/transport provider serving the same construction customer base.

Market position

Strengths2 records

Weaknesses3 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HMentreprenor
• LinkedInlinkedin.com/company/hm-entrepren%C3%B8r-a-s

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 HM Entreprenør A/S