Permagreen A/s Grønland
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.
- Company typePrivate
- Founded1965
- HeadquartersNuuk, Greenland
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
Permagreen A/s Grønland firmographics
Firmographics- 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
Permagreen A/s Grønland industry classification
Industry- 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
Where Permagreen A/s Grønland is headquartered
LocationHeadquarters
- HQ city
- Nuuk
- HQ country
- Greenland
Offices5 records
Markets served
Permagreen A/s Grønland business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others
Revenue model
- 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
Permagreen A/s Grønland product offering
Product offeringCore 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
Companies that use Permagreen A/s Grønland
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Permagreen A/s Grønland technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Permagreen A/s Grønland partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Vectrus Services A/ScorePermagreen 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
Permagreen A/s Grønland competitors and assessment
Company assessmentBroad 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
Permagreen A/s Grønland social profiles
Digital presencePermagreen A/s Grønland financial estimates
Financial estimateRevenue estimate
Valuation estimate
Permagreen A/s Grønland leadership team
Management profileNumber of profiles
Profiles11 records
Permagreen A/s Grønland subsidiaries and ownership
Company hierarchySubsidiaries1 record
Permagreen A/s Grønland funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Permagreen A/s Grønland 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 Permagreen A/s Grønland
What does Permagreen A/s Grønland do?
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.
Is Permagreen A/s Grønland a public or private company?
Permagreen A/s Grønland is a private company. It is classified as corporate owned and is currently operating.
When was Permagreen A/s Grønland founded?
Permagreen A/s Grønland was founded in 1965. It employs 11 to 50 people.
Where is Permagreen A/s Grønland based?
Permagreen A/s Grønland is headquartered in Nuuk, Greenland.
How does Permagreen A/s Grønland make money?
One revenue line is on record: construction Services.
Who are Permagreen A/s Grønland's main competitors?
Broad incumbents on record are Veidekke ASA, Skanska AB, Per Aarsleff Holding A/S and MT Højgaard Holding A/S. Direct peers are NCC AB and Greenland Contractors A/S. Vectrus Services A/S is listed as an others. Regional players are Pennecon Ltd. and Ístak hf. Arctic Foundations Inc. is listed as an emerging player.
Does Permagreen A/s Grønland have an API?
No public API is recorded for Permagreen A/s Grønland.
What industry is Permagreen A/s Grønland in?
Permagreen A/s Grønland's product category is Construction Services. Its primary akta.pro industry code is IMAFAAAI, Self-Performing General Contractors, with a secondary code of IMAFAAAA, Commercial General Contracting (New Build). Its NAICS code is 2362 and its SIC code is 1540.