BST Group

What BST Group does

BST Group AB is a Nordic fire safety holding company headquartered in Hägersten, Sweden, that delivers end-to-end fire protection services — from advisory and consulting through system design, installation, and ongoing service and maintenance — to property owners, construction contractors, industrial customers, and the public sector across Sweden, Norway, Finland, and Denmark. The group operates a decentralized buy-and-build model with 21 specialized subsidiaries (as of late 2025) and over 700 employees, aggregating regional fire safety specialists such as Brandkonsulten (consulting), Bricon (risk consulting), K-TEK (sprinkler consulting), Flindtholt (Danish installation and Teqview remote monitoring), Paloff and PK Sprinkleriasennus (Finland), and Aqua Tech and Sprinklerteknikk (Norway), with acquired brands retained for local market continuity.

Revenue is generated across four streams: fire safety consulting services (delivered by dedicated consulting subsidiaries), one-time project-based sprinkler and fire alarm installation, recurring service and maintenance contracts that create an annuity base, and specialized service lines including PFIX (PFAS contamination remediation) and Modern Sprinkler (battery-powered, connected sprinkler systems). The group is privately held, with Nordic private equity firm Norvestor as majority owner since November 2021 (previously IK Partners from 2019). FY2024 revenue was 2.1 BSEK, and the company has pursued continuous M&A and geographic expansion, executing 20+ acquisitions across the Nordics since 2021 under the leadership of Group CEO Olov Schagerlund (appointed February 2024), who succeeded long-serving CEO Peter Bühler.

Name

BST Group

Legal name

BST Group AB

Website

https://bstgroupab.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

BST Group AB is a Nordic fire safety holding company operating 21 specialized subsidiaries across Sweden, Norway, Finland, and Denmark, delivering consulting, design, installation, and recurring service for sprinklers, fire alarms, and PFAS remediation to property owners, construction firms, industrial customers, and the public sector.

Ownership category

akta.pro rank

Product category

Fire Safety Services

NAICS

Security Systems Services (56162)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Fire Protection Systems Contracting (Sprinklers, Alarms, Suppression) (IMAFALAD)

akta.pro secondary industries

Fire Alarm Systems (Design/Install/Service/Monitoring) (BPABAHAA), Fire Alarm & Life Safety Systems Integration (BPAKAGAF)

Keywords

• Fire sprinkler systems
• Fire safety consulting
• Sprinkler installation
• Fire alarm services
• Fire protection maintenance

Headquarters

HQ city

Hägersten

HQ country

Sweden

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fire Safety Consulting Services: Revenue from fire safety consulting, risk analysis, fire protection design, and advisory services. Includes services from specialized consulting subsidiaries like Brandkonsulten, Convise, Nordiska Brand, Bricon, Brand & Riskanalys, and K-TEK.
2. Sprinkler System Installation: One-time project-based revenue from design and installation of sprinkler systems for new construction and retrofits across commercial, industrial, and residential properties.
3. Service and Maintenance Contracts: Recurring revenue from service, inspection, and maintenance contracts. Many subsidiaries have established service bases with fixed service and maintenance agreements with recurring customers. This includes inspection services, PFAS remediation, and ongoing system maintenance.
4. Fire Alarm Systems: Revenue from fire alarm installation and service, including design, installation, and maintenance of certified fire alarm systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

BST Group is a holding company of 21 specialized subsidiaries providing end-to-end fire safety solutions across the Nordic region. Its offerings span fire safety consulting and risk analysis, sprinkler system design and installation, fire alarm installation and service, and recurring maintenance contracts, supplemented by proprietary offerings such as PFIX PFAS remediation and Modern Sprinkler battery-powered smart systems. Customers include property owners, construction contractors, industrial operators, and public sector clients across Sweden, Norway, Finland, and Denmark.

Product overview

BST Group is a leading Nordic fire safety company operating as a network of 21 subsidiary companies with 700+ employees and 2.1 BSEK revenue in 2024. The company provides comprehensive fire safety solutions across the full value chain—from advisory and design (through subsidiaries like Brandkonsulten, Bricon, Convise, Nordiska Brand, K-TEK, Brand & Riskanalys) to installation and service (through BST installation companies, Paloff in Finland, Aqua Tech, Flindtholt in Denmark, and Sprinklerteknikk in Norway). The portfolio includes specialized offerings such as PFIX for PFAS remediation, Modern Sprinkler's battery-powered smart sprinkler systems, and Teqview remote monitoring technology. The group serves customers across Sweden, Norway, Finland, and Denmark with both sprinkler and fire alarm capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• PFIX: Solution for PFAS remediation in fire protection systems
• Modern Sprinkler
• Teqview

Products and services

• Fire Safety Consulting Comprehensive fire safety advisory services including fire risk analysis, regulatory compliance advisory, and systematic fire protection work for property owners, construction companies, industrial operators, and public sector clients across the Nordic region.
• Sprinkler Systems (Design, Installation and Service) Design, installation, and ongoing maintenance of sprinkler systems for fire protection across commercial, residential, and industrial properties in Sweden, Norway, Finland, and Denmark, delivered by BST Group's regional installation subsidiaries.
• Fire Alarm Services Design, installation, service, and monitoring of certified fire alarm systems for commercial, residential, industrial, and public sector buildings in the Nordic region, delivered by BST Group's specialized alarm subsidiaries.
• PFIX (PFAS Remediation for Fire Protection) Specialized solution that remediates PFAS-contaminated fire protection systems in buildings and industrial facilities to comply with current and upcoming Nordic and EU regulatory requirements.
• Modern Sprinkler Smart Systems Battery-powered sprinkler pumps and smart sprinkler centers with advanced monitoring capabilities, marketed as high-performing, sustainable, and flexible fire protection operating systems for all environments.
• Teqview Remote Sprinkler Monitoring Proprietary platform for remote connection and digital monitoring of sprinkler systems, enabling proactive maintenance and data collection, developed by BST Group's Danish subsidiary Flindtholt.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bravida: Bravida is a leading Nordic technical installation and service roll-up covering electrical, HVAC, fire safety, and security. Listed on Nasdaq Stockholm, it is the closest publicly traded comparable to BST's Nordic fire safety platform in scale, geography, and acquisition-driven growth model.
• Assemblin: Assemblin is a Nordic installation and service provider covering electrical, HVAC, and security/fire across Sweden, Norway, and Finland. Operates a decentralized multi-brand model similar to BST and competes directly in fire safety installation and service across the same Nordic geographies.
• Minimax: Minimax is a German-based global fire protection specialist offering sprinkler, alarm, suppression, and service across Europe and beyond. Closest direct competitor in fire-only specialization with a global multi-brand roll-up structure similar to BST's Nordic model.
• Anticimex: Anticimex is a privately-held Nordic pest control and building services platform that has expanded into fire safety and compliance. Operates a multi-country roll-up across the Nordics and competes for recurring inspection and compliance contracts.
• Caverion: Caverion is a Finnish-headquartered provider of technical building solutions including fire safety, security, and HVAC across the Nordics and Northern Europe. Comparable in scale and full-value-chain offering, with fire safety as a core vertical.

Broad incumbents

• Johnson Controls: Johnson Controls (including its Tyco fire protection heritage) is a global incumbent in fire alarm, suppression, and integrated building management systems. Competes with BST on fire alarm and integrated fire/life safety for commercial and industrial customers across Europe.
• APi Group: APi Group is a US-listed global leader in life safety, fire protection, and security services with major Nordic and European operations. A scale incumbent that competes for large enterprise and infrastructure fire safety contracts in the same geographies as BST.

Regional players

• Securitas: Securitas is a Swedish-founded global security services leader with significant Nordic fire and safety services operations. A regional peer in fire safety services and alarm monitoring, headquartered in the same Stockholm area as BST.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bst-group-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries22 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 BST Group