BST Group
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.
- Company typePrivate
- Founded2012
- HeadquartersHägersten, Sweden
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
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.
BST Group firmographics
Firmographics- 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
BST Group industry classification
Industry- 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
Where BST Group is headquartered
LocationHeadquarters
- HQ city
- Hägersten
- HQ country
- Sweden
- HQ region
- Europe
Offices14 records
Markets served
BST Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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.
- 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.
- Fire Alarm Systems: Revenue from fire alarm installation and service, including design, installation, and maintenance of certified fire alarm systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for fire safety installation projects |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
BST Group product offering
Product offeringCore 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.
Companies that use BST Group
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
BST Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BST Group partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights6 records
BST Group competitors and assessment
Company assessmentDirect 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
BST Group social profiles
Digital presenceBST Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
BST Group leadership team
Management profileNumber of profiles
Profiles6 records
BST Group subsidiaries and ownership
Company hierarchySubsidiaries22 records
BST Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BST Group 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 BST Group
What does BST Group do?
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.
Is BST Group a public or private company?
BST Group is a private company. It is classified as private equity controlled and is currently operating.
When was BST Group founded?
BST Group was founded in 2012. It employs 501 to 1,000 people.
Where is BST Group based?
BST Group is headquartered in Hägersten, Sweden, in the Europe region.
How does BST Group make money?
Four revenue lines are on record. Fire Safety Consulting Services are the primary driver. The others are sprinkler System Installation, service and Maintenance Contracts and fire Alarm Systems.
Who are BST Group's main competitors?
Direct peers on record are Bravida, Assemblin, Minimax, Anticimex and Caverion. Broad incumbents are Johnson Controls and APi Group. Securitas is listed as a regional player.
Does BST Group have an API?
No public API is recorded for BST Group.
What industry is BST Group in?
BST Group's product category is Fire Safety Services. Its primary akta.pro industry code is IMAFALAD, Fire Protection Systems Contracting (Sprinklers, Alarms, Suppression), with a secondary code of BPABAHAA, Fire Alarm Systems (Design/Install/Service/Monitoring). Its NAICS code is 56162 and its SIC code is 1540.