Nord Vei & Asfalt

What Nord Vei & Asfalt does

Nord Vei & Asfalt AS (NVA) is a Norwegian asphalt contractor founded in 2022 and headquartered at Strandveien 1, Storsteinnes, in Balsfjord Municipality, Troms. The company produces and lays asphalt for public-sector clients (the Norwegian Public Roads Administration / Statens Vegvesen and municipal governments / kommuner), private construction contractors, and individual property owners across the northernmost Norwegian counties of Nordland, Troms, and Finnmark. Its operational footprint comprises two stationary asphalt plants — at Stormoen in Balsfjord and at Berg Industriområde in Evenes — supplemented by a mobile asphalt plant for remote projects, plus an in-house quality control laboratory and milling/crushing capabilities for reclaimed asphalt. NVA holds Produksjonssertifikat (production certificate) and Sentralgodkjenning (central authorization), the Norwegian regulatory prerequisites for bidding on public asphalt contracts and operating to national construction standards (NS 3420, Håndbok N200, NS-EN 13108).

NVA's business model is project-based and quote-driven: customers initiate engagement through a "Be om tilbud" (request a quote) form on nva.as or via direct contact, and pricing is calculated per square meter with custom terms per project. On longer engagements, the company issues weekly installment invoices covering up to 90% of completed work, with the balance settled against measured final quantities; standard payment terms include a NOK 80 expedition fee and 12% monthly interest on overdue balances. The company operates on a defined seasonal cycle — production typically commences in May and runs into autumn — with a workforce of 37 people including dedicated production leaders, a project manager, a technical/HSE-QA lead, and laboratory staff. Disclosed revenue scaled from NOK 98 million in 2024 to NOK 236 million in 2025 with an operating profit of NOK 38 million (~16% operating margin), reflecting aggressive contract capture during the company's first full growth phase.

In March 2026, Veidekke ASA announced a definitive agreement to acquire 100% of NVA for approximately NOK 60 million on a debt-free basis, with closing expected in Q2 2026 pending Norwegian Competition Authority approval. Post-close, NVA is expected to operate within Veidekke's Northern Norway asphalt segment, providing Veidekke with additional production capacity and geographic coverage in a region with limited specialized competition.

Name

Nord Vei & Asfalt

Legal name

Nord Vei & Asfalt AS

Website

https://nva.as

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Nord Vei & Asfalt is a Northern Norway asphalt contractor producing and laying asphalt from two stationary plants and a mobile plant, serving Statens Vegvesen, municipalities, private contractors, and individuals across Nordland, Troms, and Finnmark.

Ownership category

akta.pro rank

Product category

Asphalt Contracting Services

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Site Preparation Contractors (23891)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Pavers & Road Construction Equipment (IMAHAAAI)

Keywords

• Asphalt production services
• Asphalt paving contractor
• Road construction services
• Milling and stabilization
• Civil engineering contractor

Headquarters

HQ city

Storsteinnes

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Revenue model

1. Asphalt production and laying services: Nord Vei & Asfalt generates revenue through the production and laying of asphalt for customers across northern Norway. Revenue is project-based, earned on a per-contract basis, with payment terms including weekly installment invoices (up to 90% of completed work) and a final settlement based on measured quantities. The company also earns revenue from related services such as milling, crushing of asphalt, and ground preparation. Revenue grew significantly from NOK 98 million in 2024 to NOK 236 million in 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Nord Vei & Asfalt AS is a specialized asphalt contractor that produces and lays asphalt for public road authorities, municipalities, private contractors, and individuals across northern Norway (Nordland, Troms, and Finnmark). The company operates stationary production plants at Stormoen (Balsfjord) and Berg Industriområde (Evenes), supplemented by a mobile asphalt plant, and offers related services including milling, deep stabilization, crushing of reclaimed asphalt, and ground preparation.

Product overview

Nord Vei & Asfalt AS (NVA) is an asphalt contractor operating in the construction sector, offering a unified service portfolio centered on asphalt production, sales, laying, and road preparation. The company operates fixed production facilities in Stormoen (Balsfjord Municipality) and Berg Industriområde (Evenes Municipality), supplemented by mobile asphalt plants. Services are delivered to private customers, contractors, municipalities, and Statens Vegvesen across Nordland, Troms, and Finnmark. The three core offerings—asphalt production and sales, asphalt laying, and milling/deep stabilization—function as an integrated service line where production feeds directly into laying operations, and milling supports preparation for new asphalt surfaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Asfaltproduksjon og salg (Asphalt Production and Sales)

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Veidekke ASA: Major Scandinavian construction group with established asphalt operations across Norway. Direct comparison given Veidekke's explicit strategy of expanding asphalt capacity in Northern Norway — the same geography and customer set (Statens Vegvesen, municipalities) NVA serves.
• Mesta AS: Norway's largest dedicated road construction and maintenance contractor, historically the dominant Statens Vegvesen partner. Direct peer given the overlap in asphalt production, paving, milling, and operating contracts across Norwegian road networks.
• NCC Industry (NCC AB): NCC Industry is the asphalt and aggregates arm of NCC AB, operating stationary and mobile asphalt plants across the Nordics. Directly comparable business model: production + laying + milling for public and private clients.
• NRC Group ASA: Norwegian infrastructure contractor with rail, groundworks, and road operations (including former Hæhre Entreprenør). Comparable as a public-sector-heavy contractor executing civil infrastructure projects across Norway, with similar HSE and certification requirements.
• Peab Industri (Peab AB): Industrial arm of Peab, one of the Nordic region's largest contractors, with asphalt, aggregates, and paving operations across Sweden and Norway. Directly comparable product line and customer set.

Broad incumbents

• AF Gruppen: Large Norwegian construction and civil engineering group with road infrastructure and offshore/site preparation work. Comparable as a broad incumbent bidding for many of the same public tenders in northern Norway.
• Skanska Norge: Norwegian arm of Sweden's Skanska, one of the largest construction groups in the Nordics with significant asphalt and road infrastructure operations. Comparable as a large incumbent competing for the same public-sector road tenders.

Regional players

• Brødrene Steen AS: Family-owned Norwegian asphalt and construction contractor with a long operating history in northern Norway. Direct regional peer competing in the same Nordland/Troms/Finnmark customer set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NordVeiogAsfalt

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Nord Vei & Asfalt