What Veko does

Veko AS is a Norwegian private limited company (aksjeselskap) founded in January 2007 and headquartered in Barkåker, outside Tønsberg. The company delivers a diversified portfolio of climate, energy, and safety services to private homeowners and commercial buildings (næringsbygg) in the Vestfold region. Core offerings include ventilation and climate systems (Ventilasjon og klimaanlegg), refrigeration and heating technology (Kulde og varmeteknikk), heat pumps (Varmepumper), building automation and central monitoring (Byggautomasjon / SD-anlegg), automatic fire suppression for commercial kitchens (Automatiske slokkeanlegg based on Lehavot's KitchenShield system), UV kitchen hood filtration in partnership with Halton Foodservice, oil furnace phase-out (Utfasing oljefyr), and energy consulting (Energi rådgivning / ENØK analyses). Technology differentiators include UVC photolysis/ozonolysis for kitchen exhaust, demand-controlled ventilation down to room level, and a Halton Authorized Service Partner installed base transferred from Halton Norge in 2014. Certifications include Miljøfyrtårn, Sentral-godkjent, and Mestermerket.

The business model combines one-time installation and project revenue with recurring service and maintenance contracts, hardware sales (heat pumps), and professional services for energy consulting. Go-to-market is direct sales-led: the company operates through its own certified F-gas and factory-trained technicians without intermediaries, reaching customers via its website (veko.no), direct phone and email contact, and regional reputation in the Vestfold area. Pricing is not publicly disclosed and is quote-based per engagement. The company holds two strategically significant exclusive partnerships: with Halton Foodservice (Authorized Service Partner in Norway since May 2014, covering UV/Water Wash/Tak installations and aftermarket spare parts) and with Lehavot Production and Protection Ltd (Norwegian distributor of the KitchenShield kitchen fire suppression system).

Veko AS is privately held with no disclosed external investors, parent company, or public listing. Following the 2014 transfer of Halton Norge's UV/Water Wash/Tak agreements, the company has organically extended its service portfolio into energy consulting, building automation, and oil furnace phase-out, aligning with Norway's electrification mandate and Enova subsidy framework. The company remains regionally scoped to Eastern Norway with no evidence of geographic expansion, M&A beyond the 2014 transfer, or external funding activity.

Name

Veko

Legal name

VEKO AS

Website

https://veko.no

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Veko AS is a Norwegian climate and energy services company delivering ventilation, heat pumps, refrigeration, building automation, kitchen fire suppression, UV hood filtration, and ENØK energy consulting to private homeowners and commercial buildings in the Vestfold region.

Ownership category

akta.pro rank

Product category

HVAC and Building Climate Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (23822), Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

HVAC Service, Maintenance & Repair (BPABACAA)

akta.pro secondary industries

HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB), Residential HVAC System Installation (Furnace/AC/Heat Pump) (HSAOAGAA), Heat Pump Repair & Maintenance (HSAOAHAD), Heat Pump & Smart HVAC Controller Integration (HSAOANAD)

Keywords

• HVAC services
• Heat pump installation
• Ventilation systems
• Building automation services
• Energy consulting

Headquarters

HQ city

Barkåker

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Installation and Project Services: Installation of climate systems, ventilation, heat pumps, refrigeration systems, building automation, and fire suppression systems for new construction and renovation projects. One-time revenue from project completion.
2. Service and Maintenance Contracts: Recurring service agreements for preventive maintenance on ventilation, climate, refrigeration, heat pump, and fire suppression systems. Includes annual inspections, filter replacement, and emergency repairs. These contracts provide predictable recurring revenue and reduce risk of unplanned downtime.
3. Energy Consulting Services: Energy analysis, energy labeling, and condition assessments for buildings. Includes ENØK (energy optimization) analyses, status reports, and recommendations for energy efficiency improvements. Offered as one-time consulting engagements or ongoing advisory relationships.
4. Heat Pump Sales: Sales of heat pump systems (air/air, air/water, water/water) including installation, commissioning, and connection to existing heating systems. Revenue from equipment sales combined with installation services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

VEKO AS delivers installation, service, and maintenance for ventilation and climate systems, refrigeration and heating technology, heat pumps, building automation (SD-anlegg), automatic kitchen fire suppression (KitchenShield), and UV kitchen hoods, alongside energy consulting analyses (ENØK) for residential and commercial buildings in the Vestfold region of Norway.

Product overview

Veko is a services company offering a portfolio of climate and energy solutions to both private residences and commercial buildings. The core offerings include Ventilasjon og klimaanlegg (ventilation and climate systems), Kulde og varmeteknikk (refrigeration and heating technology), Varmepumper (heat pumps), Automatiske slokkeanlegg (automatic fire suppression), Byggautomasjon (building automation/SD-anlegg), UV kjøkkenhetter (UV kitchen hoods), Utfasing oljefyr (oil furnace phase-out), and Energi rådgivning (energy consulting). These services are delivered as distinct but complementary offerings, unified under Veko's climate and energy expertise, with service agreements available across all system types.

Differentiator

Problem solved

Functional benefit

Products and services

• Heat pumps (Varmepumper) Heat pump delivery, installation, and maintenance services for residential and commercial buildings, including air/air, air/water, and water/water systems. Provided as a renewable heating alternative to fossil oil furnaces.
• Ventilation and climate systems (Ventilasjon og klimaanlegg) Ventilation and climate system installation, regulation, service, and maintenance, including rehabilitation and modernization of existing systems for residential and commercial buildings.
• Refrigeration and heating technology (Kulde og varmeteknikk) Specialized refrigeration and heating technology services covering heat pumps, chilled water systems for data rooms and process cooling, DX systems, and cold/freeze rooms.
• Building automation (Byggautomasjon / SD-anlegg) Central monitoring and control (SD-anlegg) systems for technical installations in buildings, enabling remote access via PC or mobile phone, monitoring of temperature deviations, energy consumption, operating times, and heat recovery efficiency, with demand-controlled ventilation down to room level using CO2 or motion detectors.
• Automatic fire suppression systems (Automatiske slokkeanlegg) Automatic fire suppression systems for commercial kitchens based on the KitchenShield Kitchen Fire Suppression System by Lehavot, covering fryers, cooking equipment, and ventilation ducts, compliant with FG-1100:1 and NFPA 17A standards and tested according to UL 300.
• UV kitchen hoods (UV kjøkkenhetter) UV kitchen exhaust hoods using UVC radiation to kill bacteria and viruses and reduce odors from kitchen ventilation, sold and serviced in partnership with Halton Foodservice.
• Oil furnace phase-out (Utfasing oljefyr) Services replacing fossil oil heating with renewable heat pump solutions, including project management, installation, and Enova subsidy application assistance for residential and commercial customers.
• Energy consulting (Energi rådgivning / ENØK) Energy consulting services including energy analyses, condition assessments, energy labeling for buildings, and recommendations for energy efficiency improvements, offered as one-time consulting engagements or ongoing advisory relationships.

Quantifiable outcome

• Up to 80% reduction in heating costs when switching from fossil oil heating to heat pump systems
• +1 more outcomes

Segments3 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

Three partnerships are on record, tiered core.

• Halton NorgecoreTechnology or Integration · 1 May 2014Halton Norge transferred all agreements and service responsibility for UV/Water Wash/Tak installations to VEKO AS effective May 1, 2014. VEKO took over as the authorized service provider for existing Halton customers in Norway.
• Halton FoodservicecoreTechnology or Integration · 1 May 2014VEKO AS entered into a partnership agreement with Halton Foodservice, becoming Halton Authorized Service Partner in Norway. VEKO serves as the contact point for agreements and service on Halton equipment, and handles sales of Halton spare parts to the aftermarket. VEKO's service technicians have completed product-technical training at Halton's factories.
• Lehavot Production and Protection LtdcoreTechnology or IntegrationVEKO AS is a distributor of Lehavot's KitchenShield Kitchen Fire Suppression System in Norway. Lehavot has more than 60 years of experience and is a recognized pioneer and leading supplier of high-quality fire protection systems. VEKO provides project design, installation, and mandatory inspection and maintenance services for the KitchenShield system.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Halton Group: Halton is both Veko's principal partner (Authorized Service Partner since 2014) and a competitor on commercial kitchen ventilation and UV hood solutions. Halton's product depth in foodservice ventilation overlaps with Veko's installed-base service business.
• Carrier Norway: Carrier is a major HVAC equipment manufacturer with growing service and controls offerings in Norway. Relevant peer for Veko's refrigeration, heat pump, and climate control service lines where Carrier-branded equipment is deployed.

Broad incumbents

• Trane Technologies: Trane is a global HVAC and building solutions provider with commercial and residential offerings. Comparable to Veko on commercial HVAC service and energy optimization, though primarily equipment-led versus Veko's service-led model.
• Caverion Norge: Caverion provides HVAC, refrigeration, and building automation services across Norway and the Nordics. Overlaps directly with Veko's ventilation, climate control, and SD-anlegg offerings, especially for commercial and industrial customers.
• Assemblin Norge: Assemblin is a Nordic technical installation contractor with strong HVAC and refrigeration offerings in Norway. Comparable to Veko on refrigeration, heat pump, and ventilation services but operates nationally and at substantially greater scale.
• Bravida Norge: Bravida is the largest Nordic multi-technical services contractor, delivering HVAC, electrical, and building automation across Norway. It competes with Veko on commercial HVAC service and energy advisory but at much larger scale and broader geographic reach.
• Johnson Controls: Johnson Controls is a global building automation and HVAC services provider. Directly comparable to Veko's SD-anlegg and HVAC controls offering but operates at enterprise scale with proprietary control platforms.

Direct peers

• GK Inneklima: GK is a major Norwegian HVAC and indoor climate contractor offering ventilation, cooling, heating, and building automation. Closely mirrors Veko's service portfolio and customer segments across commercial and residential buildings.
• Rørleggern (VVS) service firms e.g. Comfort-kjeden: Comfort is Norway's largest plumbing and HVAC contractor chain. Their local member firms directly compete with Veko on residential HVAC installation, heat pumps, and service agreements across Norwegian towns including the Vestfold region.

Regional players

• OneCo (formerly Eltel Networks): OneCo is a Norwegian technical services contractor covering electrical, telecom, and HVAC-related infrastructure. Regional overlap with Veko on technical building services in Eastern Norway.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/veko-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Veko