Peab Suomi
Peab Suomi is the Finnish subsidiary of Nordic construction group Peab AB, providing residential, commercial, industrial, and infrastructure construction, asphalt paving (Peab Asfalt, Finland's largest), ready-mix concrete and aggregates (Swerock), tower crane rental (Lambertsson), and property development across Finland, generating approximately 740 million EUR annually.
- Company typePrivate
- Founded1956
- HeadquartersHelsinki, Finland
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Peab Suomi does
Peab Suomi is the Finnish operating subsidiary of Peab AB, the largest construction company in the Nordic countries. The Finnish entity provides the broadest service portfolio in the Finnish construction industry, organized across multiple wholly-owned subsidiaries: Peab Oy delivers residential, commercial, industrial, and infrastructure construction plus renovation through own workforce; Peab Asfalt operates Finland's largest asphalt paving business; Swerock supplies ready-mix concrete and processed aggregates; Lambertsson Oy provides tower crane rental and sales; and Peab Kiinteistökehitys Oy handles property development across housing, commercial, and land acquisition. Peab also offers differentiated sub-brands including Peab Koti (residential apartments), Peab Business Garden (commercial offices), and ECO-Asfalt (carbon-neutral biofuel asphalt).
The company's proprietary technology stack centers on construction quality assurance and sustainability: it holds Finland's first RALA moisture management certification covering the Kuivaketju10 methodology, weekly moisture rounds, and the eKosteus training program; ECO-Asfalt reduces asphalt production CO2 by approximately 50% through carbon-neutral biofuel; and a partnership with EcoUp converts reclaimed asphalt into cement-free infrastructure products with up to 45% virgin aggregate replacement. A five-year Asphalt Research Platform with LUT University targets further halving of asphalt CO2 emissions.
Peab generates revenue through B2B project-based contracts awarded via competitive public tendering and direct negotiation. Revenue streams include construction contracts (residential, commercial, industrial, infrastructure), property development sales, asphalt paving contracts, ready-mix concrete and aggregates sales (Swerock), and tower crane rental (Lambertsson). Customers span municipalities and government agencies (City of Helsinki, City of Kaarina, City of Lahti), institutional housing developers (YH Kodit, Avain Asunnot, Porvoon Kodit), and private enterprises across data centers (atNorth), pharma (Orion), retail (Kesko), and banking (OP). Finnish operations represent approximately 14% of Peab Group's 5.3 billion EUR revenue and are backed by the publicly listed Swedish parent Peab AB.
Peab Suomi firmographics
Firmographics- Name
- Peab Suomi
- Legal name
- Peab Oy
- Website
- https://peab.fi
- Company type
- Private
- Founded year
- 1956
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Peab Suomi is the Finnish subsidiary of Nordic construction group Peab AB, providing residential, commercial, industrial, and infrastructure construction, asphalt paving (Peab Asfalt, Finland's largest), ready-mix concrete and aggregates (Swerock), tower crane rental (Lambertsson), and property development across Finland, generating approximately 740 million EUR annually.
- Ownership category
- akta.pro rank
Where Peab Suomi is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Peab Suomi business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Construction Contracts (Residential, Commercial, Industrial, Infrastructure): Peab generates the majority of its revenue through direct construction contracts. The company builds residential apartments, commercial facilities, industrial buildings, schools, hospitals, and infrastructure for both private and public sector clients. Revenue is project-based, one-time contract revenue recognized over the construction period.
- Real Estate Development (Property Development): Peab Kiinteistökehitys Oy acquires land, develops residential and commercial properties, and sells completed developments. This includes own-production housing sold to end buyers as well as property development for institutional investors.
- Asphalt Paving Services (Peab Asfalt): Peab Asfalt is Finland's largest asphalt paving company, providing asphalt production, laying, milling, patching, and stone masonry services. Revenue is generated through public and private paving contracts.
- Ready-Mix Concrete and Aggregates (Swerock): Swerock, part of the Peab Group, is one of the Nordic region's largest suppliers of ready-mix concrete and processed aggregates. Products are sold to construction companies and internal Peab operations.
- Tower Crane Rental and Sales (Lambertsson): Lambertsson Oy (Nosturiasennus Virtanen) is Finland's leading tower crane rental and sales company, serving construction companies across Finland.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B construction and infrastructure project pricing through competitive tendering |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels3 records
Peab Suomi product offering
Product offeringCore offering
Peab Suomi is the Finnish subsidiary of Nordic construction group Peab AB, offering the broadest range of construction services in Finland. The company builds, renovates and develops residential apartments, commercial premises, industrial facilities and infrastructure through its own workforce, and supplies ready-mix concrete, processed aggregates, asphalt paving and tower cranes via subsidiaries Swerock, Peab Asfalt and Lambertsson.
Product overview
Peab Suomi is a Finnish subsidiary of the Nordic construction group Peab Ab, offering the widest range of construction industry services in Finland. The portfolio is organized as a multi-brand platform: Peab Koti (residential apartments) and Peab Business Garden (commercial offices) serve as the primary end-customer-facing property brands, supported by construction delivery brands including Peab Rakentaminen (general construction for residential, commercial, industrial, and infrastructure projects), Peab Asfalt (paving and asphalt services), Swerock (ready-mix concrete and aggregates), and Lambertsson (tower cranes). Peab Kiinteistökehitys handles property and project development. A distinctive capability is the Kosteudenhallinta (moisture management) program including RALA-certified moisture management, eKosteus online training, and Kuivaketju10 methodology. Environmentally focused sub-products include ECO-Asfalt (carbon-neutral biofuel asphalt) and Uusioasfaltti (recycled asphalt). The company also discloses a Cookie Notice (Evästeseloste) under its digital properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Peab Rakentaminen (Construction) Core construction services covering residential and commercial buildings, industrial facilities, hospitals, schools, retail spaces, and healthcare centers, as well as renovation and infrastructure construction, delivered by Peab's own workforce across Finland's largest municipalities. Includes building construction, renovation, infrastructure construction, industrial construction, and environmental construction.
- Peab Koti (Residential Housing) Design, construction and sales of newly built apartments in Helsinki, Espoo, Vantaa, Turku, Tampere, Jyväskylä, Kuopio, Seinäjoki, Vaasa, and Oulu. Peab Koti provides homes for owner-occupiers, investors and partner housing companies.
- Peab Business Garden (Commercial Premises) Commercial real estate concept delivering flexible, tailored office space solutions developed by Peab for corporate and institutional tenants in major Finnish cities.
- Peab Asfalt (Asphalt Paving) Finland's largest asphalt paving company providing asphalt production, paving, milling, patching, and stone contracting services. Specialist in infrastructure, demanding bridge structures and concrete structures.
- Swerock (Ready-Mix Concrete) Ready-mix concrete supply, transport and pumping services for construction companies across Finland, including Peab's own operations and external customers.
- Swerock (Aggregates) Processed aggregates supply for both residential builders and large industrial constructors across Finland.
- Lambertsson Oy (Tower Cranes) Tower crane rental and sales serving construction companies throughout Finland.
- Peab Kiinteistökehitys (Property Development) Property and project development services covering three business areas: housing, commercial properties, and land acquisition. Services include land acquisition, conceptualization, planning, financing assistance, and management of real estate development projects from concept to completion and sale.
- ECO-Asfalt Environmentally friendly asphalt product manufactured using carbon-neutral biofuel, maintaining the same high quality as traditional asphalt while reducing CO2 emissions by approximately 50%. Suitable for roads, airports, industrial areas, ports, streets, and bicycle paths.
- Uusioasfaltti (Recycled Asphalt) Recycled asphalt product made from reclaimed asphalt, offering equivalent quality and durability to conventional asphalt while reducing environmental impact by reusing existing materials and reducing virgin resource consumption.
Quantifiable outcome
- Carbon footprint reduction of 50% in asphalt production through ECO-Asphalt (carbon-neutral biofuel)
- +3 more outcomes
Companies that use Peab Suomi
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Peab Suomi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Peab Suomi partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- Compass Group Finland OyminorCompass Group Finland Oy was selected as the restaurant and catering service provider for the Hakametsä Sport Campus in Tampere, also providing event catering, café, and 24/7 shop services for the campus.
- Talo Events OycoreTalo Events Oy (a subsidiary of Tampere-talo Oy) was selected as the operational development partner for the Hakametsä Sport Campus project. The company brings experience in multi-purpose event venue management and will develop the campus's operational model alongside Peab, YH Kodit, and the City of Tampere.
- Varalan urheiluopistocoreVarala Sports Institute is developing the sports, fitness, wellness, and education components of the Hakametsä Sport Campus in Tampere. Founded in 1909, Varala is Finland's first sports institute and will relocate significant parts of its operations to the campus.
- LUT-yliopisto (Lappeenranta-Lahti University of Technology)corePeab Asfalt and LUT University signed a five-year Asphalt Research Platform (ARP) research agreement in January 2025, focusing on sustainable asphalt raw materials, technologies, and process development. The collaboration aims to halve CO2 emissions from asphalt production. A pilot project on Lahti Aleksanterinkatu tested low-temperature asphalt with recycled content, lignin-based binder, and fossil-free fuel.
- EcoUp OyjcorePeab Asfalt and EcoUp launched a collaboration to process reclaimed asphalt and other asphalt production material streams into new-generation cement-free infrastructure products, such as traffic barriers. Up to 45% of virgin aggregate is replaced with recycled asphalt. The products are manufactured at Peab's Hollola asphalt plant.
- AFRY Group Finland OycorePeab Kiinteistökehitys Oy and AFRY Group Finland Oy signed a letter of intent for AFRY to lease office space in a new headquarters building developed by Peab in Espoo's Leppävaara district. The building will accommodate approximately 1,500 employees from AFRY's Helsinki Metropolitan Area offices. The project is being developed under Peab's Business Garden concept.
- Cramo OyjminorIn 2024, Peab partnered with Cramo for measuring the relative humidity of cast concrete before floor coverings are installed. The external partner ensures concrete is sufficiently dry and develops measurement plans, identifies risks, and defines corrective actions.
- Sustera Oy (formerly Raksystems)corePeab Oy signed a national partnership agreement with Sustera Oy (Finland's largest property inspection and indoor air quality company) for external moisture management coordination and construction quality supervision across all of Peab's own residential development projects. The partnership covers all phases from design through to the end of liability period.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Peab Suomi competitors and assessment
Company assessmentDirect peers
- Rudus: Rudus is a major Finnish producer of ready-mix concrete and aggregates, part of the CRH group. It competes directly with Swerock (Peab Industri) for concrete and aggregates supply across Finnish construction projects.
- SRV: SRV is a Finnish construction and property development company active in residential, commercial, and mixed-use developments. It is a direct competitor for Helsinki-area developer-led construction and competes with Peab Kiinteistökehitys for institutional development partnerships.
- YIT: YIT is Finland's largest construction company and a direct competitor across residential development, commercial construction, and infrastructure. It mirrors Peab Suomi's full-service construction offering and competes for the same municipal and developer tenders in Finland.
- NCC: NCC is a major Swedish construction group with active Finnish operations in building, infrastructure, and asphalt. It directly competes with Peab for the same public and private construction and paving contracts in Finland.
- Consti: Consti is a Finnish listed company specializing in renovation, building technology, and repair services. It competes directly with Peab's korjausrakentaminen (renovation) unit for municipal and housing-company renovation contracts across Finland.
- Destia: Destia is a leading Finnish infrastructure contractor (now owned by international infrastructure groups) operating in road, rail, and civil infrastructure. It directly competes with Peab Asfalt and Peab's infrastructure construction unit for public paving and civil works tenders.
- Cramo (Boels Rental): Cramo, now part of Boels, is a leading equipment rental company in Finland serving construction sites. It is a direct peer and partner to Peab's Lambertsson tower crane rental business across Finnish construction.
- Bonava: Bonava is a Nordic residential property developer with Finnish operations building multi-family apartments. It directly competes with Peab Koti for residential developer customers and buyer-side land positions in Finland's growth cities.
- Skanska: Skanska is a Nordic-headquartered construction and property development group with substantial Finnish operations, directly competing with Peab in residential, commercial, and civil infrastructure tenders across the Helsinki metro and other Finnish growth centers.
- Lemminkäinen (legacy operations, now Destia): Lemminkäinen's asphalt, paving, and infrastructure operations were absorbed into Destia; the legacy business is a historical direct peer to Peab Asfalt in Finnish asphalt paving and infrastructure construction.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Peab Suomi social profiles
Digital presencePeab Suomi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peab Suomi leadership team
Management profileNumber of profiles
Profiles18 records
Peab Suomi subsidiaries and ownership
Company hierarchySubsidiaries5 records
Peab Suomi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peab Suomi 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 Peab Suomi
What does Peab Suomi do?
Peab Suomi is the Finnish subsidiary of Nordic construction group Peab AB, offering the broadest range of construction services in Finland. The company builds, renovates and develops residential apartments, commercial premises, industrial facilities and infrastructure through its own workforce, and supplies ready-mix concrete, processed aggregates, asphalt paving and tower cranes via subsidiaries Swerock, Peab Asfalt and Lambertsson.
Is Peab Suomi a public or private company?
Peab Suomi is a private company. It is classified as corporate owned and is currently operating.
When was Peab Suomi founded?
Peab Suomi was founded in 1956. It employs 501 to 1,000 people.
Where is Peab Suomi based?
Peab Suomi is headquartered in Helsinki, Finland, in the Europe region.
How does Peab Suomi make money?
Five revenue lines are on record. Construction Contracts (Residential, Commercial, Industrial, Infrastructure) is the primary driver. The others are real Estate Development (Property Development), asphalt Paving Services (Peab Asfalt), ready-Mix Concrete and Aggregates (Swerock) and tower Crane Rental and Sales (Lambertsson).
Who are Peab Suomi's main competitors?
Direct peers on record are Rudus, SRV, YIT, NCC, Consti, Destia, Cramo (Boels Rental), Bonava, Skanska and Lemminkäinen (legacy operations, now Destia).
Does Peab Suomi have an API?
No public API is recorded for Peab Suomi.