What Vassbakk & Stol does

Vassbakk & Stol AS is a Norwegian heavy infrastructure construction company headquartered in Kopervik, Rogaland, and a wholly owned subsidiary of Skanska. Founded in 1966, the company runs an integrated platform spanning earthwork, road construction, tunneling, blasting, quarrying, and aggregates production, with annual output of approximately 1.5 million tons of crushed stone. It serves public and private infrastructure project owners across western Norway, combining in-house surveying and geomatics, a large owned equipment fleet, and a separate equipment sales and rental business.

The company operates an extensive owned fleet of heavy machinery — 160+ excavators, 29 wheel loaders, 8 crushing plants, 7 screening plants, 9 drilling rigs, 3 road graders, 5 bulldozers, and approximately 3,000 small equipment items — and applies GPS machine control on machines exceeding 14 tonnes to improve grading precision and material yield. It has co-developed an automatic quick-coupler system (HK-fester) with Klepp Mek to reduce manual handling around heavy attachments. Its vertical integration runs from quarry through aggregate production to civil construction, complemented by an equipment retail and rental arm.

Vassbakk & Stol generates revenue through fixed-price and unit-rate civil construction contracts for public-sector infrastructure (roads, tunnels, groundworks), merchant sales of aggregates, and equipment sales and rentals. The company employs over 700 people and reported revenue of approximately 3 billion NOK in 2024. Operations are concentrated in Rogaland with a regional office in Vestland (Nyborg), and the business is held within Skanska's Norwegian operations.

Name

Vassbakk & Stol

Legal name

Vassbakk & Stol AS

Website

https://vassbakk.no

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

11–50 employees

Short description

Vassbakk & Stol is a Norwegian heavy civil infrastructure contractor and aggregate producer owned by Skanska. It delivers road, tunnel, earthwork, and quarrying services to public and private project owners across western Norway, with 700+ employees and approximately 3 billion NOK in 2024 revenue.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Site Preparation Contractors (238910), Nonmetallic Mineral Mining and Quarrying (2123), Construction Sand and Gravel Mining (212321)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA)

akta.pro secondary industry

Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB)

Keywords

• Infrastructure construction services
• Earthwork and excavation
• Road construction
• Crushed stone aggregates
• Geomatics surveying

Headquarters

HQ city

Kopervik

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Construction Services: General construction and infrastructure building services including earthwork, excavation, blasting, and road construction for public and private projects across Norway
2. Crushed Stone and Aggregates: Production and sale of crushed stone and aggregates from company-owned quarries, processing approximately 1.5 million tons of rock annually through 8 crushing plants and 7 screening plants
3. Equipment Sales and Rentals: Sales of machines and equipment to other construction companies and organizations
4. Geomatics and Surveying Services: Surveying and geomatics services including staking for construction projects

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Vassbakk & Stol is a Norwegian infrastructure construction contractor delivering earthwork, excavation, blasting, road construction, and earthmoving services for public and private projects across Norway. The company also produces and sells crushed stone and aggregates from company-owned quarries (1.5 million tons annually), conducts equipment sales and rentals, and provides geomatics and surveying services for construction projects.

Product overview

Vassbakk & Stol is a Norwegian infrastructure construction company operating as a single unified business offering construction services supported by an extensive equipment fleet. The company operates various equipment categories including excavators (139 tracked + 21 wheeled), trucks (various types totaling 78+ vehicles), 446 vans, crushing plants (8 units processing 1.5M tons annually), road graders, bulldozers, drilling rigs, wheel loaders, and small equipment (~3,000 items). The equipment fleet is primarily supplied by manufacturers including Cat, Volvo, Hitachi, Atlas, Sandvik, Scania, and Klepp Mek.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Construction Services General construction and infrastructure building services including earthwork, excavation, blasting, and road construction for public and private projects across Norway. Delivered to project owners, municipalities, and government entities.
• Crushed Stone and Aggregates Production Production and sale of crushed stone and aggregates from company-owned quarries, processing approximately 1.5 million tons of rock annually through 8 crushing plants and 7 screening plants. Sold to construction companies and municipalities.
• Equipment Sales and Rentals Sales of machines and equipment to other construction companies and organizations.
• Geomatics and Surveying Services Surveying and geomatics services including staking for construction projects, providing precision measurement and layout support for infrastructure builds.

Quantifiable outcome

• 3 billion NOK annual revenue (2024)
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Klepp MekcoreTechnology or IntegrationCollaborative development partnership with Klepp Mek for HK-fester (quick coupler hitches) to prevent dangerous bucket releases from excavators. The HK-festers feature specially designed hooks and safety bolts that prevent bucket detachment. The system includes primary and backup barrier mechanisms to catch buckets weighing 400kg to 5-6 tons, enhancing worksite safety significantly.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mesta AS: Norwegian contractor specializing in road construction, operations, and maintenance. Direct competitor for highway and road construction contracts across Norway with overlapping public-sector client base.
• NCC Norge AS: Norwegian arm of Swedish-listed NCC group, active in civil infrastructure, asphalt, and aggregate production. Direct overlap with V&S in project types and customer base across Norway.
• Veidekke ASA: One of the largest Scandinavian contractors and a direct Norwegian peer in infrastructure, civil construction, and aggregates production. Overlaps directly with V&S across earthmoving, road construction, and quarrying activities.
• AF Gruppen ASA: Major Norwegian contractor performing civil engineering, building, and infrastructure work. Competes with V&S for public projects and shares the Norwegian heavy civil and infrastructure customer base.
• Kruse Smith Entreprenør AS: Norwegian contractor active in civil engineering, building, and infrastructure, with operations on Norway's west coast. Comparable in regional base and project mix in Rogaland and Vestland.
• Franzefoss AS: Leading Norwegian aggregates producer and construction materials supplier. Direct peer to V&S's 1.5M-ton quarry and aggregates operation, with overlapping geographic markets in eastern and southern Norway.
• NRC Group ASA: Norwegian infrastructure contractor with rail, groundworks, and civil engineering capabilities, including the former Hæhre Entreprenør. Direct competitor in Norwegian earthworks and heavy civil tenders.
• Peab AB (Peab Anlegg): Swedish construction group with Norwegian operations focused on civil infrastructure, groundworks, and construction. Comparable in heavy civil and aggregate activities, frequently bidding on the same public tenders.

Broad incumbents

• Skanska Norge AS: V&S's own parent company, which also operates directly in Norway as a major general contractor. Provides strategic context and is a comparator for V&S's market positioning within the broader Skanska group portfolio.

Regional players

• Brødrene Sunde AS: Western Norway-focused civil contractor with comparable quarrying and infrastructure capabilities in the same Rogaland and Vestland regions as V&S. Head-to-head regional overlap on local public tenders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Vassbakk-Stol-174078299327240
• LinkedInlinkedin.com/company/vassbakk-stol
• Instagraminstagram.com/vassbakk_og_stol

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Vassbakk & Stol