Veidekke Entrepenør

What Veidekke Entrepenør does

Veidekke Entreprenør (legal entity Veidekke ASA) is one of Scandinavia's largest general contractors, founded in Norway in 1936 and listed on the Oslo Stock Exchange. The company delivers construction and civil engineering services across Norway, Sweden and Denmark, serving a diversified base of public sector clients (municipalities, Bane NOR, Nye Veier, health trusts) and private developers, property owners, and industrial operators. Its portfolio spans commercial buildings, public infrastructure (schools, hospitals, cultural buildings), residential developments, civil engineering projects (roads, railways, tunnels, bridges, ports, airports), asphalt and aggregates production, road maintenance, and railway services, with individual contracts ranging from roughly NOK 100 million to over NOK 2.3 billion. The organization operates through sub-brands including Veidekke Bygg, Veidekke Anlegg, Veidekke Logistikkbygg, Veidekke Bane, and Veidekke Industri, employing approximately 8,000 people of whom roughly half own shares in the company.

Technically, Veidekke operates at a high digital and environmental maturity level. Its core technology stack includes BIM executed at maturity level 3 or above, with digital twin "as-built BIM model" methodology piloted on the E6 Arnkvern-Moelv highway. Proprietary technical differentiators include the pioneering use of low-carbon extreme concrete (CEM III B) achieving 40% CO2 reduction versus reference buildings, systematic pre-injection (forinjeksjon) tunnel waterproofing developed with SINTEF and NGI that cuts emissions by 80% for waterproofing alone, and the first-in-Scandinavia deployment of Boston Dynamics' Spot robot with Trimble X7 scanner for autonomous tunnel inspection. Internal systems include the HMSREG electronic crew registration tool deployed on all new projects and AI-based building management at the ZEB Flexible Lab linking 1,400 sensors and 17,000 data points. The company has won multiple industry awards, including Building of the Year (2019), Betongtavlen honorable mention (2023), and holds certifications across BREEAM-NOR Outstanding, WELL Platinum, CEEQUAL, FutureBuilt, and ZEB COM.

Veidekke's revenue model is predominantly one-time construction contracts priced on a project-by-project tender basis, complemented by material sales (asphalt, aggregates, gravel) and revenue from project development partnerships (e.g., 50/50 JV with OBOS for residential development where Veidekke acts as both co-developer and main contractor). The go-to-market blends competitive public-sector tendering with negotiated private-sector contracts and a samspillskontrakt (early-phase collaboration) model where Veidekke joins clients before commitment to execution. Distribution is direct-to-customer via a multilocal office network spanning Norway from Oslo to Verdal, plus Swedish and Danish operations. The company has maintained profitability every year since 1936.

Name

Veidekke Entrepenør

Legal name

Veidekke ASA

Website

https://veidekkelogistikkbygg.no

Company type

Public

Founded year

1936

Operating status

Operating

Headcount range

1–10 employees

Short description

Veidekke Entreprenør (Veidekke ASA) is a publicly listed Norwegian general contractor delivering building construction, civil engineering, infrastructure, and asphalt/aggregates services across Scandinavia, serving public sector and private developer clients.

Ownership category

akta.pro rank

Product category

General construction and civil engineering contracting

NAICS

Heavy and Civil Engineering Construction (237), Nonresidential Building Construction (2362), Highway, Street, and Bridge Construction (23731), Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Public Works General Contracting (IMAFAAAG)

akta.pro secondary industries

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• General construction contracting
• Civil engineering infrastructure
• Tunnel and rock construction
• Asphalt and aggregates production
• Commercial building construction

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction and civil engineering contracts: Veidekke generates the majority of revenue through construction contracts as a general contractor. Projects span buildings (commercial, residential, public), civil infrastructure (roads, railways, tunnels, bridges, ports), and specialized facilities. Revenue is project-based and one-time per contract. Contracts range from NOK 100 million to over NOK 1 billion.
2. Asphalt production and road maintenance: Veidekke operates asphalt plants and produces asphalt, crushed stone and gravel. Revenue from material production and road maintenance contracts.
3. Project development and partnerships: Veidekke participates in project development and 50/50 partnerships with property developers and public entities (e.g., OBOS residential partnership), where Veidekke acts as both developer co-owner and main contractor.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

Veidekke Entrepenør is a Scandinavian general contractor (totalentreprenør) executing building construction, civil engineering and infrastructure projects across Norway, Sweden and Denmark. Core offerings span commercial, public and residential buildings; tunneling and rock construction; roads, railways, bridges, ports, airports and industrial facilities; plus in-house asphalt, aggregates and road maintenance operations. Approximately 8,000 employees deliver projects ranging from NOK 100 million to over NOK 1 billion, generating roughly NOK 43 billion in revenue while developing construction methods such as low-carbon CEM III B concrete and systematic pre-injection tunnel waterproofing.

Product overview

Veidekke is a leading Scandinavian construction contractor offering a comprehensive portfolio of construction and civil engineering services across Norway, Sweden, and Denmark. The company operates through multiple service divisions: Building (Bygg) covering commercial properties, public buildings, residential buildings, and rehabilitation; Civil Engineering and Infrastructure (Anlegg og infrastruktur) including tunnels, roads/railways/bridges, ports, airports, power/energy, and industrial facilities; and Industrial operations including asphalt, aggregates, and maintenance. Veidekke Logistikkbygg is a specialized sub-brand focused on logistics and warehouse construction with over 50 years of experience. The company also offers environmental services and railway services through dedicated units. Projects emphasize sustainability with BREEAM certification, low-carbon concrete, and renewable energy solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Offentlige bygg (Public Buildings Construction) Construction, renovation and extension of public buildings including schools, care facilities, hospitals, cultural buildings and sports halls for Norwegian municipalities, county councils and health trusts. Delivered through competitive tendering with BREEAM and FutureBuilt certification capability.
• Næringsbygg (Commercial Properties) New construction, renovation and extensions of commercial properties (offices, retail, mixed-use) with optional early involvement in project development. Targets private real estate developers seeking premium certifications such as BREEAM and WELL.
• Boligbygg (Residential Buildings) Construction of apartment blocks and small housing developments. Veidekke is one of Norway's largest residential builders and participates in 50/50 development partnerships (e.g., with OBOS for the Kristiansholm residential project in Bergen).
• Rehabilitering og ombygging (Rehabilitation and Alteration) Building renewal services including extensions, additions and conversions of existing buildings for both private commercial and public sector customers.
• Tunnel og fjellanlegg (Tunnel and Rock Construction) Tunnel and underground construction services across Norway, including competence for working in urban areas with strict requirements for noise, vibrations and water infiltration. Includes pioneering systematic pre-injection (forinjeksjon) waterproofing method developed with SINTEF and NGI reducing climate gas emissions 40% overall.
• Samferdsel (Roads, Railways and Bridges) Civil engineering projects including roads, railways, bridges, tunnels and rail technology. Delivered across contract models ranging from subcontracting to total contracts; utilizes BIM Level 3 / digital twin methodology on major projects.
• Maritime anlegg (Port Facilities) Construction and renovation of harbors and quay facilities throughout Norway, including competence for complex seabed conditions.
• Flyplassprosjekter (Airport Projects) Upgrading and maintenance of airport infrastructure including runway, taxiway and apron construction. Operates a dedicated Airfield Solutions unit within the Asfalt division.
• Kraft og energi (Power and Energy Construction) Construction and rehabilitation of large and small power and energy facilities including hydroelectric power, wind power and other industrial plants.
• Industrianlegg (Industrial Facilities Construction) Construction and rehabilitation of industrial facilities for private and public customers, including treatment plants, production facilities, silos and concrete tanks. Includes delivery of advanced sites such as Morrow Batteries' battery factory in Arendal.
• Asfalt (Asphalt) Asphalt production and laying services, including low-temperature asphalt (LTA / WAM-Foam) co-developed with Shell Bitumen that reduces CO2 emissions during asphalt production while maintaining quality equivalent to standard asphalt.
• Geomaterialer (Geo Materials) Production of aggregate materials including crushed stone and gravel for construction and infrastructure projects.
• Drift og vedlikehold (Operations and Maintenance) Operations and maintenance services for roads and related infrastructure, supporting recurring service revenue alongside project-based construction work.
• Bane (Railway Construction and Maintenance) Railway construction and maintenance services covering superstructure, substructure, catenary and signalling work.

Quantifiable outcome

• 40% reduction in climate gas emissions using low-carbon extreme concrete (CEM III B) vs reference building - achieved at ALO project
• +6 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SINTEFcoreStrategic or Co-development PartnerResearch collaboration on tunnel construction innovation. SINTEF contributed to the development of systematic pre-injection waterproofing methods at Hestnestunnelen, reducing CO2 emissions by 40% overall and 80% for waterproofing.
• NGI (Norges Geotekniske Institutt)coreStrategic or Co-development PartnerTechnical collaboration on tunnel construction methods. NGI contributed expertise on injection materials and methodology for the systematic pre-injection approach used at Hestnestunnelen.
• Samarbeid for sikkerhet i bygg og anleggsbransjen (SFS BA)coreStrategic or Co-development PartnerIndustry collaboration for safety in construction. SFS BA brings together clients, consultants, contractors, trade unions, industry associations and the Norwegian Labour Inspection Authority. Veidekke was instrumental in establishing SFS BA and actively participates in multiple working groups on safety training, fall prevention, safe lifting, and element assembly.
• NTNUcoreStrategic or Co-development PartnerResearch partnership for ZEB Flexible Lab - NTNU served as building owner and research partner. The building serves as a 'living lab' for research on zero-emission buildings, with research questions about technical solutions and user behavior.
• SintefcoreStrategic or Co-development PartnerResearch partner in ZEB Flexible Lab project. Sintef collaborated with Veidekke and NTNU in a samspillskontrakt (collaboration contract) to develop the zero-emission laboratory building.
• BuildingPoint ScandinaviacoreTechnology or IntegrationTechnology partnership for Spot robot deployment. BuildingPoint provided the Trimble X7 scanner integration with Boston Dynamics' Spot robot, making Veidekke the first contractor in Scandinavia to use autonomous robot scanning in tunnels.
• Grande EntreprenørcoreStrategic or Co-development PartnerVeidekke subsidiary (acquired 2018) based in Verdal. Conducted Verdal Bo- og behandlingssenter in a 50/50 work consortium with Veidekke. Provides local construction capacity with access to Veidekke's larger project capabilities.
• Shell BitumenminorStrategic or Co-development PartnerCo-developed low-temperature asphalt (LTA/WAM-Foam) with Veidekke 25 years ago. This environmental product significantly reduces CO2 emissions during asphalt production.
• Morrow Batteries ASA / SIVAcoreStrategic or Co-development PartnerVeidekke built Norway's first full-scale battery factory for Morrow Batteries ASA and SIVA. This represents a major industrial investment and Veidekke's role in Norway's battery manufacturing ecosystem.
• OBOScoreStrategic or Co-development Partner50/50 partnership for Kristiansholm residential project in Bergen. The companies will jointly own the project, with Veidekke serving as main contractor. This represents a new GTM approach for Veidekke in residential development.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NCC: One of the leading construction companies in the Nordics, listed on Nasdaq Stockholm, operating across building construction, infrastructure, and asphalt/aggregates. Directly competes with Veidekke across all major Scandinavian construction verticals with similar business model and customer base.
• Skanska: Swedish-headquartered, publicly listed construction and project development company with significant operations across Scandinavia, the UK, US, and other markets. Directly competes with Veidekke on large public infrastructure and building projects in Norway and Sweden, with comparable end markets, scale, and emphasis on sustainability.
• Kruse Smith: Norwegian construction company with regional focus on western Norway, covering building construction, civil engineering, and property development. A comparable Norwegian mid-sized contractor with similar end markets, though smaller in scale than Veidekke.
• AF Gruppen: Norwegian construction and civil engineering company listed on Oslo Stock Exchange. Directly competes with Veidekke in the Norwegian building and infrastructure markets, with overlapping customer segments (public sector, property developers) and similar project-based operating model.
• Consto: Norwegian construction company focused on building construction across northern and central Norway. Compares to Veidekke in building construction and project development, with overlapping customer base in the Norwegian commercial and public building market.
• Peab: Swedish construction and civil engineering company listed on Nasdaq Stockholm, with operations across the Nordics in building, civil engineering, and industry. Directly competes with Veidekke on Norwegian and Swedish infrastructure and building projects.
• MT Højgaard: Danish construction and civil engineering company (subsidiary of Højgaard Holding), active across Denmark with overlap in building, infrastructure, and offshore wind foundations. Comparable to Veidekke in construction services and Scandinavian positioning.

Broad incumbents

• Hochtief: German-headquartered global construction services company (majority-owned by ACS Group), one of the largest contractors worldwide. Operates broadly in infrastructure and building construction; competes with Veidekke on large international tenders and in European construction markets.
• Strabag: Austria-based, European-listed construction company with operations across Europe in building, civil engineering, and infrastructure. Comparable in scale and end markets, with overlapping competition for major European infrastructure tenders.

Regional players

• YIT: Finnish construction and real estate development company with primary focus on Finland, the Baltic states, and Central/Eastern Europe. Operates in similar building and infrastructure verticals as Veidekke but with a different geographic footprint; comparable in business model and sustainability profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/VeidekkeASA
• Facebookfacebook.com/veidekke.no
• LinkedInlinkedin.com/company/veidekke-entrepen%C3%B8r
• Instagraminstagram.com/veidekke

Compliance14 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 Veidekke Entrepenør