Permagreen A/s Grønland

What Permagreen A/s Grønland does

Permagreen Grønland A/S is the largest locally owned construction and civil engineering contractor in Greenland, founded in 1965 and operating for over 60 years across the country's inhabited west coast. The company delivers a full range of building services — residential housing, commercial and industrial facilities, healthcare and institutional buildings, infrastructure/earthworks, and cultural/sports projects — under total contracts (totalentreprise), main contracts (hovedentreprise), trade contracts (fagentreprise), and partnering arrangements. As of 2025 it employs approximately 323 people plus 30–35 apprentices and interns, with regional offices in Nuuk (headquarters), Sisimiut, Maniitsoq, Qaqortoq, and Narsaq.

Its underlying technology is conventional: concrete, timber, and steel construction methods adapted for Arctic conditions, executed by an in-house workforce covering earthwork, concrete, carpentry, and finishing trades. Permagreen does not operate an API, software platform, or proprietary digital product layer; its competitive edge rests on local scale, workforce, and 60 years of accumulated project execution experience in Greenland.

The business model is project-based and bid-driven: revenue is earned from construction contracts won through competitive tenders, with clients overwhelmingly drawn from Greenland Self-Government, Danish government ministries, municipalities, and a small set of large private and nonprofit institutions (e.g., Novo Nordisk Foundation, Grønlandsbanken, Tele Greenland). Pricing is contract-specific and not publicly disclosed. Since November 17, 2021, the company has been 70%-owned by Danish construction group Per Aarsleff Holding A/S, with the remaining 30% held equally by CEO Jeppe B. Steffensen and Production Director Jesper J. Petersen; in 2022 Permagreen also established the joint venture Inuksuk A/S with Vectrus Services A/S to pursue U.S. Department of the Air Force contracts, including a bid for future operations of Thule Air Base.

Name

Permagreen A/s Grønland

Legal name

Permagreen Grønland A/S

Website

https://permagreen.gl

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Permagreen Grønland A/S is Greenland's largest local construction contractor, delivering residential, institutional, commercial, and infrastructure projects across five West Greenland towns. Majority-owned (70%) by Danish group Per Aarsleff Holding A/S since 2021, it serves public-sector and large private clients.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Nonresidential Building Construction (2362), Construction (23), Site Preparation Contractors (23891)

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), Public Works General Contracting (IMAFAAAG)

Keywords

• General construction services
• Civil engineering
• Residential construction
• Infrastructure construction
• Arctic construction

Headquarters

HQ city

Nuuk

HQ country

Greenland

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: Project-based revenue from construction contracts including residential, commercial, institutional, and infrastructure projects. Revenue is earned through total contracts (totalentreprise), main contracts (hovedentreprise), trade contracts (fagentreprise), and partnering arrangements. Permagreen also acts as developer on certain projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Permagreen Grønland A/S is a full-service Greenlandic construction contractor delivering total contracts (totalentreprise), main contracts (hovedentreprise), trade contracts (fagentreprise), and partnering arrangements. Projects span residential housing, commercial and industrial buildings, public institutions (schools, hospitals, prisons, cultural and sports facilities), and civil/infrastructure works including earthwork, serving government, municipal, institutional, and private commercial clients.

Product overview

Permagreen Grønland A/S is a construction and civil engineering company offering comprehensive building services across Greenland. The company operates as a general contractor providing total contracts (totalentreprise), main contracts (hovedentreprise), trade contracts (fagentreprise), and partnering arrangements. Their service portfolio encompasses residential housing, commercial and industrial buildings, healthcare facilities, institutions, infrastructure projects, and earthwork. The company has approximately 323 employees (2025) and maintains operations in five locations: Nuuk (headquarters), Sisimiut, Maniitsoq, Qaqortoq, and Narsaq. Key project categories include: Boliger (housing/residential buildings), Erhverv og industri (commercial and industrial), Anlæg (infrastructure/civil works), and Institutioner, kultur og idræt (institutions, culture and sports facilities).

Differentiator

Problem solved

Functional benefit

Products and services

• Totalentreprise (Total Contracts)

Quantifiable outcome

• 60 years of continuous operation building in Greenland
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 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.

• Vectrus Services A/ScoreStrategic or Co-development Partner · 1 January 2022Permagreen and Vectrus Services A/S formed a strategic partnership creating the joint venture company Inuksuk A/S. The partnership focuses on continued development of Greenland and training of local workforce in construction, operations, and maintenance. Inuksuk submitted a bid to the United States Department of the Air Force for future operations of Thule Air Base.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Veidekke ASA: Norwegian-listed construction and civil engineering group with operations in Scandinavia and selected Northern markets. Comparable range of building and infrastructure services, though geographically focused on Norway.
• Skanska AB: Sweden-based global construction and development company with Nordic public-sector project experience. Comparable in delivering institutional and government buildings, but at vastly larger scale and broader geographic footprint.
• Per Aarsleff Holding A/S: Parent company owning 70% of Permagreen and a Danish-listed civil engineering group. Operates the same construction and infrastructure categories as Permagreen at much larger scale in Denmark and internationally, including via Icelandic subsidiary Ístak.
• MT Højgaard Holding A/S: One of Denmark's largest general contractors, active in building, civil, and infrastructure projects. Comparable in contracting model and Arctic/Nordic exposure profile, though it does not focus exclusively on Greenland.

Direct peers

• NCC AB: NCC operates NCC Grønland and partnered with Permagreen on the 122M DKK Tele Post/Qullilerfik building. It is the most direct Nordic competitor active in Greenland commercial construction.
• Greenland Contractors A/S: Joint venture that currently operates and maintains Thule Air Base for the US Air Force. Directly comparable as a Greenland-based contractor pursuing US/defense construction work — the same niche Permagreen is targeting via Inuksuk A/S.

Others

• Vectrus Services A/S: Strategic JV partner of Permagreen through Inuksuk A/S, focused on operations, maintenance, and base operations support. Adjacent rather than directly competing, but the partnership defines Permagreen's pursuit of the Thule Air Base opportunity.

Regional players

• Pennecon Ltd. Canadian construction and industrial services company with deep experience in remote, cold-climate and Indigenous-region projects (Newfoundland, Nunavut). Closest analog to Permagreen in operating general contracting in remote Arctic geographies.
• Ístak hf: Icelandic civil engineering and general contracting firm owned by Per Aarsleff. Has previously collaborated with Permagreen on Greenland projects and operates in similar Arctic/Nordic construction conditions.

Emerging players

• Arctic Foundations Inc. Alaska-based specialty contractor focused on foundation, ground stabilization, and cold-region construction techniques. Comparable as a niche northern-climate construction specialist addressing the same Arctic engineering challenges Permagreen solves in Greenland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Permagreen-Gr%C3%B8nland-AS-1734821720109869
• LinkedInlinkedin.com/company/permagreen-a-s-gr%C3%B8nland

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Permagreen A/s Grønland