Veidekke Norge

Name

Veidekke Norge

Legal name

Veidekke ASA

Website

https://veidekke.no

Company type

Public

Founded year

1936

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Construction and Civil Engineering Services

SIC

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

akta.pro primary industry

Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL)

Keywords

• Construction services
• Civil engineering
• Infrastructure construction
• Asphalt production
• Railway construction

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices31 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction and Infrastructure Contracts: Veidekke generates revenue through construction contracts including total enterprises, execution contracts, and collaboration contracts. Revenue comes from building projects (residential, commercial, public buildings), infrastructure projects (roads, railways, tunnels, bridges), and civil engineering works. The company is noted as having approximately NOK 43 billion in revenue.
2. Asphalt Production and Sales: Production and sale of asphalt including standard asphalt, low-temperature asphalt (LTA), and environmental asphalt. Operates asphalt factories across Norway serving both public road authorities and private customers.
3. Aggregate and Gravel Materials: Production and supply of geomaterials including crushed stone and gravel from own quarries. Products used in construction projects and sold to external customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Veidekke Norge delivers construction, civil engineering and infrastructure services across Norway and Scandinavia. The company operates through service divisions covering building construction, civil engineering and infrastructure, railway construction, asphalt production and laying, geomaterials (aggregates and gravel), and operations and maintenance. Revenue is generated through total-enterprise contracts, execution contracts, and collaboration contracts secured via competitive tendering with public and private clients.

Product overview

Veidekke Norge is a leading Scandinavian construction and civil engineering company offering a comprehensive portfolio of services and specialized products. The company operates through distinct service divisions: Bygg (Building), Anlegg og infrastruktur (Civil Engineering and Infrastructure), Veidekke Bane (Railway), Geomaterialer (Geo-materials), Asfalt (Asphalt), and Drift og vedlikehold (Operations and Maintenance). Within Asphalt, Veidekke has developed innovative products including Miljoasfalt (Norway's first environmental asphalt with up to 80% CO2 reduction) and Lavtemperaturasfalt (low-temperature asphalt targeting near-100% production by 2030). The company also offers specialized HSE training services through its learning platform. Notable projects include ALO Sluppenvegen 23 (Norway's first doubly-certified office with Breeam Outstanding and Well Platinum), Wilds Minne Skole (sustainable school in mass timber), and KS1 Hestnestunnelen (railway tunnel with innovative water-sealing technology). Veidekke employs digital construction methods including BIM Level 3, VDC, paperless construction sites, and smart site technologies. The company maintains sustainability certifications and has pioneered low-carbon concrete use in major projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Bygg (Building Construction) Building construction services for residential, commercial, and public buildings across Scandinavia, including large-scale residential developments, commercial offices with BREEAM/WELL certification, rehabilitation and alteration of existing structures.
• Anlegg og infrastruktur (Civil Engineering and Infrastructure) Civil engineering projects including roads, railways, bridges, tunnels, airport infrastructure, port facilities, hydroelectric and wind power, and industrial plant construction. Projects use contract models ranging from subcontracting to total enterprise contracts.
• Bane (Railway Construction) Railway construction, maintenance and rehabilitation services including track work, signalling, and electrification. Veidekke Bane serves InterCity railway expansion projects across Norway.
• Asfalt (Asphalt Production and Laying) Production, sale and laying of asphalt products including standard asphalt, low-temperature asphalt (LTA), and environmental asphalt, delivered from a network of factories across Norway to road authorities, municipalities, and private contractors.
• Geomaterialer (Geomaterials / Aggregates) Production and supply of aggregates, crushed stone, and gravel from own quarries, used in construction projects and sold to external customers including road authorities and contractors.
• Drift og vedlikehold (Operations and Maintenance) Road and infrastructure operations and maintenance services for public and private clients, including road maintenance, asphalt patching, and ongoing facility upkeep.
• Miljøasfalt (Environmental Asphalt) Norway's first environmental asphalt using plant-based binder instead of fossil-based bitumen, reducing CO2 emissions by up to 40% for production and laying and up to 95% for raw materials. Sold to public road authorities and private contractors.
• Lavtemperaturasfalt (Low-Temperature Asphalt / LTA) Environmentally friendly asphalt produced at significantly reduced temperatures, cutting energy consumption and CO2 emissions. Originally co-developed with Shell Bitumen approximately 25 years ago as the WAM-Foam process.
• HMS- og sikkerhetskurs (HSE and Safety Training) Standalone safety training courses consisting of Module 1 (e-learning courses on hazards and dangerous patterns) and Module 2 (project-specific safety training) required for access to Veideke construction sites, plus competency testing for lifting operations.

Quantifiable outcome

• 40% reduction in greenhouse gas emissions using low-carbon extreme concrete (CEM III B)
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• OBOScoreStrategic or Co-development Partner · 1 January 2026Strategic 50/50 partnership for residential development. Veidekke and OBOS jointly own and develop projects, with Veidekke serving as main contractor. Multiple projects including Kristiansholm in Bergen. Long-term collaboration spanning multiple developments.
• SINTEFcoreStrategic or Co-development Partner · 1 January 2022Research collaboration on tunnel waterproofing innovations. SINTEF contributed to development of systematic pre-injection methods for the Hestnestunnelen project, achieving 80% reduction in CO2 emissions for water and frost protection.
• NGI (Norges Geotekniske Institutt)coreStrategic or Co-development Partner · 1 January 2022Technical collaboration on tunnel construction methods. NGI contributed technical expertise on injection materials and methodologies for Hestnestunnelen project, enabling innovative waterproofing solutions.
• Shell BitumenminorStrategic or Co-development PartnerOriginal co-development partner for low-temperature asphalt (LTA/WAM-Foam) process 25 years ago. Process developed jointly by Veidekke and Shell Bitumen for reduced temperature asphalt production.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Skanska AB: Swedish-headquartered construction and civil engineering contractor with operations across Scandinavia, the US, and the UK. Closest comparable to Veidekke in terms of Nordic building, infrastructure, and residential development exposure.
• YIT Oyj: Finnish construction company with Nordic residential, commercial, and infrastructure operations, including paving and aggregates. Similar vertical integration and Nordic geography.
• Peab AB: Swedish contractor operating in building, civil engineering, and industrial operations including asphalt and aggregates across Scandinavia. Directly comparable service mix and Nordic geographic footprint.
• NCC AB: Swedish construction and infrastructure company active across the Nordics, with parallel building, civil engineering, and asphalt/aggregates operations that mirror Veidekke's vertically integrated model.
• NRC Group ASA: Norwegian specialist in rail and civil infrastructure, including Bane NOR contracts. A focused peer to Veidekke Bane and Veidekke Anlegg on the railway and civil side.
• Mesta AS: Norwegian state-owned road construction, maintenance, and asphalt producer. Directly competes with Veidekke's Industri and operations & maintenance businesses in the Norwegian road market.
• AF Gruppen ASA: Norwegian-based contractor with building, civil engineering, and environmental services; competes head-to-head with Veidekke on Norwegian public infrastructure and building tenders.

Broad incumbents

• Hochtief AG: German-headquartered international construction contractor with civil engineering and building capabilities comparable in scope to Veidekke, though with global rather than Nordic focus.
• Vinci SA: Global construction and concessions group with road, civil engineering, and building operations, including significant asphalt and aggregates. Overlaps with Veidekke in core construction and infrastructure services at much larger scale.
• Strabag SE: Large European construction group with building, civil engineering, and materials operations; broader geographic scope than Veidekke but overlapping service lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/VeidekkeASA
• Facebookfacebook.com/veidekke.no
• LinkedInlinkedin.com/company/veidekke-asa
• Instagraminstagram.com/veidekke

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 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 Norge