Pihl Koncernen

What Pihl Koncernen does

Pihl Koncernen is a privately held Danish construction contractor group headquartered in Taastrup, Denmark, that delivers large-scale new construction and renovation projects for public and private clients across the country. The group operates through three wholly-owned operating subsidiaries — Pihl & Søn A/S (total, main, and management contracting), LM Byg A/S (concrete and structural shell construction), and BNS A/S (sustainable construction and renovation) — and executes the majority of its work (~80% of revenue) through two consortium structures: Pihlkonsortiet (with M.J. Eriksson A/S handling infrastructure) and BNS Konsortiet. Its core technical capabilities span cast-in-place and precast concrete, structural steel, timber framing, and Cross-Laminated Timber (CLT) construction, with all production staff trained in DGNB sustainable-building certification and the company being the first Danish contractor to align with Paris Agreement 1.5°C CO2 targets.

The group generates revenue primarily through one-time, multi-year project contracts awarded via competitive tender (public procurement) or direct negotiation with developers, generating DKK 1.83B in FY2024/25 — its highest-ever annual revenue and a 25% year-over-year increase following a contraction in FY2023/24. Customers include marquee enterprises and government entities such as Carlsberg Byen P/S, DTU, Novo Nordisk, SEB Bank, PFA Ejendomme, Helsingør Municipality, and Region Hovedstaden, spanning residential, hospitality, healthcare, education, and commercial real estate segments. Notably, world-renowned architecture firm Bjarke Ingels Group (BIG) holds a 10% equity stake acquired in 2021, anchoring a strategic partnership for integrated cross-disciplinary project delivery exemplified by the BIG HQ project. The business model is fundamentally project-based with revenue recognized on construction contracts; there is no recurring SaaS, subscription, or platform component, and geographic operations are confined to Denmark (primarily the Capital Region and Zealand).

Name

Pihl Koncernen

Legal name

LMPihl A/S

Website

https://pihlkoncernen.dk

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Pihl Koncernen is a privately held Danish construction contractor group that delivers large-scale new construction and renovation projects for public and private clients across Denmark via three operating subsidiaries (Pihl & Søn, LM Byg, BNS) and two consortium structures, generating DKK 1.83B in FY2024/25 revenue.

Ownership category

akta.pro rank

Product category

Construction Contracting

NAICS

Architectural, Engineering, and Related Services (5413), Engineering Services (541330)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• Construction contracting
• Structural shell construction
• Concrete construction services
• Building renovation services
• Sustainable building construction

Headquarters

HQ city

Taastrup

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Contracts: Revenue generated from construction contracts including total contracts (totalentreprise), main contracts (hovedentreprise), and management contracts (styringsopgaver) for new construction and renovation projects in Denmark.
2. Consortium Projects: Approximately 80% of total revenue comes from projects executed through Pihlkonsortiet consortium structure, combining Pihl & Søn, LM Byg, and M.J. Eriksson.
3. Specialized Construction Services: Revenue from specialized services including concrete work, structural steel, timber construction, and installation work performed by subsidiary companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Pihl Koncernen is a Danish construction contractor group that executes total contracts, main contracts, and management contracts for new construction and renovation projects across Denmark. The group operates through three wholly-owned subsidiaries — Pihl & Søn A/S (general contracting), LM Byg A/S (concrete and structural shell construction), and BNS A/S (new construction and renovation) — and through two consortium structures (Pihlkonsortiet and BNS Konsortiet) that combine capabilities to deliver projects ranging from residential housing and hotels to high-rises, institutions, offices, and care facilities.

Product overview

Pihl Koncernen is a Danish construction contractor group consisting of several operating subsidiaries: Pihl & Søn A/S (total/main/management contracting), LM Byg A/S (concrete and shell construction), and BNS A/S (construction and renovation). The group operates through two main consortiums: Pihlkonsortiet (Pihl & Søn, LM Byg, and M.J. Eriksson) handling large total contracts, and BNS Konsortiet (BNS and LM Byg) handling total/main contracts. The group performs new construction and renovation projects across various segments including residential, hotels, high-rises, institutions, offices, and senior/care housing throughout Denmark.

Differentiator

Problem solved

Functional benefit

Brands

• Pihlkonsortiet: A consortium consisting of Pihl & Søn A/S, LM Byg A/S, and M.J. Eriksson A/S, formed in 2018 to handle large total contracts.
• BNS Konsortiet

Products and services

• Total Contracts (Totalentreprise) Full-scope turnkey construction contracts where Pihl Koncernen assumes responsibility for the complete project including design coordination, execution, and handover. Delivered through Pihl & Søn A/S, LM Byg A/S, BNS A/S, and the Pihlkonsortiet consortium. Targets large-scale new construction and renovation projects for public and private clients across Denmark.
• Main Contracts (Hovedentreprise) Primary construction contracts where Pihl Koncernen handles the core structural and building work. Delivered through BNS A/S, LM Byg A/S, and Pihl & Søn A/S for new construction and renovation projects.
• Management Contracts (Styringsopgaver) Project management and oversight contracts where Pihl Koncernen manages the construction process on behalf of the client. Delivered through Pihl & Søn A/S for clients that retain direct contracts with trade contractors.
• Concrete and Structural Shell Construction (Råhusentreprise) Specialized structural shell construction services including cast-in-place concrete structures, precast concrete element assembly, timber structures, and steel structures. Delivered by LM Byg A/S, the group's specialist råhus subsidiary with heritage since 1987.
• Sustainable Construction Services (DGNB-Certified) Total, main, and large contracting services for new construction and renovation projects delivered with DGNB certification expertise and Paris Agreement-aligned CO2 reduction commitments. Includes CLT (Cross-Laminated Timber) construction for sustainable mass timber buildings. Delivered by BNS A/S and the wider Pihl Koncernen group with documented sustainability credentials.
• Pihlkonsortiet (Consortium Project Delivery) Joint consortium structure combining Pihl & Søn A/S (total contract management), LM Byg A/S (structural/concrete work), and M.J. Eriksson A/S (infrastructure) to deliver large total contracts of any kind. Established in 2018 and currently accounts for approximately 80% of total revenue.
• BNS Konsortiet (Consortium Project Delivery) Joint consortium structure combining BNS A/S (overall planning, project management, and installation/finishing management) and LM Byg A/S (structural work) to deliver total and main contracts within new construction for both public and private clients.

Quantifiable outcome

• Delivered highest revenue in company history at 1.83 billion DKK in FY 2024/25
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• BNS Konsortiet (BNS A/S and LM Byg A/S)coreStrategic or Co-development Partner · 1 January 2021BNS Konsortiet was established in 2021 to handle total and main contracts for new construction for both public and private clients. LM Byg handles structural work while BNS handles overall planning, project management, and management of closures, installations, and finishing.
• Pihlkonsortiet (M.J. Eriksson A/S and LM Byg A/S)coreStrategic or Co-development Partner · 1 January 2018Pihlkonsortiet was established in 2018 based on 25 years of close collaboration between Hans Anker Nielsen, Jørgen Eriksson, and Halldór P. Ragnarsson. The consortium enables execution of large total contracts with Pihl handling management, LM Byg handling structural/concrete work, and M.J. Eriksson handling infrastructure. Currently accounts for approximately 80% of total revenue.
• M.J. Eriksson A/ScoreStrategic or Co-development PartnerLong-standing consortium partner in Pihlkonsortiet, handling infrastructure and civil engineering work. Partners have collaborated for over 25 years.
• LM Byg A/ScoreStrategic or Co-development PartnerFounded in 1987 by Lis and Mogens Mindegaard, LM Byg specializes in concrete and structural work. Now part of Pihl Koncernen and core consortium partner handling råhus (structural) work.
• BNS A/ScoreStrategic or Co-development PartnerEstablished in 2020 after acquiring intangible rights from B. Nygaard Sørensen A/S. BNS performs total, main, and large contracts for new construction and renovation. Focus on sustainability and DGNB certification. Now part of Pihl Koncernen following 2023/24 fusion with Pihl & Søn.

Scale indicators13 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Skanska Denmark: Danish operation of global contractor Skanska AB, executing complex commercial and residential projects. Overlaps directly with Pihl in nonresidential building contracting — also former employer of CEO Frank Aarslew-Jensen.
• Züblin A/S: Danish arm of European contractor Ed. Züblin AG (Strabag group), executing complex building and civil engineering projects. Competes with Pihl on larger Danish tenders as part of a broader international portfolio.
• NCC Denmark: Danish arm of Nordic contractor NCC AB, active in building, infrastructure, and property development. Competes with Pihl on major Danish building tenders — also a former employer of Martin Palmquist.

Direct peers

• MT Højgaard Danmark: One of Denmark's largest general contractors, performing total contracts and complex building projects across residential, commercial, and infrastructure. Most directly comparable competitor to Pihl Koncernen in scale and segment mix — former employer of Pihl's CEO Martin Palmquist.
• CASA A/S: Danish contractor specializing in construction, renovation, and service/maintenance work across Denmark. Comparable in segment focus (residential, commercial, public buildings) and mid-market positioning.
• Hoffmann A/S: Established Danish contractor focused on building projects, renovation, and property development across Denmark. Competes with Pihl in the mid-to-large building tender segment, with similar residential/commercial mix.
• Aarsleff: Major Danish contractor group operating in civil engineering, building, and foundation work. Comparable in scale and Danish market focus, competing for both building and infrastructure tenders across Denmark.
• Enemærke & Petersen A/S: Danish building contractor executing major new-build and renovation projects, including complex institutional and commercial buildings. Direct competitor for the same Danish tender pool Pihl serves.

Others

• M.J. Eriksson A/S: Danish civil engineering and infrastructure contractor; core consortium partner within Pihlkonsortiet (handles infrastructure work alongside Pihl and LM Byg). Not a direct competitor but adjacent ecosystem participant — also operates in the Danish construction tender market.

Emerging players

• Bravida Denmark: Danish arm of Nordic technical installation and service contractor, focused on electrical, HVAC, and building services. Adjacent peer — competes in service/maintenance contracts and increasingly in total contracts with technical scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pihl-koncernen

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 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 Pihl Koncernen