What Peab i Norge does

Peab i Norge is the Norwegian operational arm of Peab AB, a Swedish publicly listed parent (Nasdaq Stockholm) founded in 1959 by the Paulsson brothers. The Norwegian entity is headquartered at Drammensveien 288, Oslo, and operates through four integrated business areas: Peab Bygg (general construction of schools, commercial buildings, residential), Peab Anlegg (civil engineering — roads, bridges, railways, wind farms, ports), Peab Industri (asphalt, aggregates, cranes, concrete via sub-brands Peab Asfalt, Swerock, Kranor, Solberg Maskin, and 90.4%-owned Arne Olav Lund), and Peab Eiendomsutvikling (residential and commercial property development marketed through Peab Bolig). Multiple wholly-owned subsidiaries (Peab Bygg AS, Peab Anlegg AS, Peab Eiendomsutvikling AS, Bogstrand AS, K. Nordang AS) carry out regional construction across Eastern, Western, and Northern Norway, supported by ~1,100 employees locally and ~13,000 across the Nordic group. Customer base spans government (municipalities such as Lillestrøm and Drammen, Forsvarsbygg for defense), private developers (Jotne Eiendom, Arnestedet Eiendom), and end-buyers of new homes.

Revenue is generated through project-based contracts won via competitive public tenders and direct private negotiations, plus transaction-based sales of developed residential units. Group revenue reached 58,589 MSEK in 2025 with a 4.5% operating margin and SEK 57.3B order backlog as of June 2026; Norwegian operations contribute approximately 6.1 billion NOK annually. Peab Bygg, Peab Anlegg, and Peab Industri are each led by dedicated Managing Directors reporting into Norway-level COO (Thomas Re Johnsen), CFO (Martin Ohlsson), and CIO (Nico van de Vaart). The go-to-market motion is enterprise field sales — long-cycle tendering for public work and relationship-driven deal-making for private development — with no consumer self-serve or transactional digital channel beyond the Peab Bolig property-listing site. Marketing is largely PR-driven (press releases, social channels LinkedIn/Facebook/Instagram/YouTube) and employer-brand oriented rather than demand-generation. The business holds ISO 9001, 14001, and 45001 certifications through 2028 and operates a supplier portal (levportal.peab.se) and mandatory Peppol/EHF e-invoicing integration.

Name

Peab i Norge

Legal name

Peab Norge

Website

https://peab.no

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Peab i Norge is the Norwegian subsidiary of Peab AB, providing construction, civil engineering, industrial materials (asphalt, aggregates, cranes), and residential property development. It serves government clients, private developers, and home buyers across Norway with approximately 1,100 employees.

Ownership category

akta.pro rank

Product category

Construction & Civil Engineering Services

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Building construction services
• Civil engineering infrastructure
• Asphalt aggregates supply
• Property development
• Construction equipment rental

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction (Bygg): Building construction including new construction of residential, commercial, and public buildings, rehabilitation, conversion and extension projects, and building services.
2. Civil Engineering (Anlegg): Construction and maintenance of roads, railways, bridges, wind farms, quays, harbors, and infrastructure projects. Also performs street and road operation and maintenance.
3. Industry (Industri): Production and delivery of concrete, asphalt, gravel and crushed stone, plus cranes and machinery to external customers and other business areas within Peab.
4. Property Development (Eiendomsutvikling): Responsible for Peab's acquisition, development, management and sale of residential and commercial properties. Residential development targets private consumers while property development targets land owners.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Peab i Norge delivers construction, civil engineering, industrial materials and property development services across Norway through four business areas: Bygg (schools, multi-purpose halls, residential and commercial buildings, renovation), Anlegg (roads, bridges, railways, wind farms, harbors, road maintenance), Industri (aggregates, asphalt production and laying, concrete, cranes and machine rental), and Eiendomsutvikling (acquisition, development, management and sale of residential and commercial properties). Customers are primarily municipalities, defense agencies (Forsvarsbygg), and private real estate developers, with end-consumer residential sales handled via the Peab Bolig brand.

Product overview

Peab i Norge operates as a multi-segment construction and civil engineering group, organized into four core business areas: Bygg (general construction), Anlegg (civil engineering/infrastructure), Industri (aggregates, asphalt, cranes), and Eiendomsutvikling (property development). These four areas function as integrated but distinct product lines. Peab Bygg delivers buildings ranging from schools and sports halls to housing and commercial buildings. Peab Anlegg delivers infrastructure including roads, bridges, railways, wind farms, ports, and harbors. Peab Industri supplies internal and external customers with aggregates, asphalt, concrete, and crane/machine services through sub-brands Swerock (aggregates and transport), Kranor (crane rental), Peab Asfalt, Solberg Maskin (Trøndelag machine contracting), and Arne Olav Lund (Larvik civil engineering). Peab Eiendomsutvikling develops and sells residential properties to private consumers via the Peab Bolig brand. Subsidiaries Bogstrand and K. Nordang provide regional construction services. The company also operates a supplier portal (levportal.peab.se) for procurement workflows.

Differentiator

Problem solved

Functional benefit

Brands

• Peab Asfalt: Asphalt production and paving operations in Norway
• Swerock
• Kranor
• Bogstrand
• K. Nordang
• Solberg Maskin
• Arne Olav Lund

Products and services

• Peab Bygg (General Construction) General construction segment covering new construction of schools, multi-purpose halls, residential and commercial buildings, plus renovation, conversion and extension projects and building services for public and private clients in Norway.
• Peab Anlegg (Civil Engineering) Civil engineering segment building and maintaining roads, bridges, railways, wind farms, quays and harbors nationwide, plus street and road operation and maintenance services.
• Peab Industri (Industrial Products & Services) Industrial segment delivering aggregates (crushed stone and gravel), asphalt production and laying, concrete, and cranes and lifting equipment to external customers and other business areas within Peab.
• Peab Eiendomsutvikling (Property Development) Property development segment responsible for acquisition, development, management and sale of residential and commercial properties; targets private consumers in residential development and landowners in commercial development.
• Peab Bolig (Residential Housing Sales) Residential housing brand selling new homes developed by Peab Eiendomsutvikling directly to private buyers via the peabbolig.no platform.
• Peab Asfalt Asphalt operations in Norway producing and laying asphalt for roads and infrastructure projects; part of Peab Industri business area with nationwide coverage.
• Swerock Peab's aggregates (crushed stone and gravel) and transport operations in Norway, providing materials to internal Peab companies and external customers; part of Peab Industri business area.
• Kranor Crane and machine rental and sales covering all of Norway, providing lifting equipment and machinery to Peab projects and external customers; part of Peab Industri.
• Solberg Maskin Machine contracting company operating mainly in Trøndelag, Norway; performs road, water and sewer work, site excavation, mass hauling and machine rental for private and public customers; wholly-owned subsidiary of Peab Anlegg.
• Arne Olav Lund (AOL) Civil engineering contractor based in Larvik, Norway; specializes in construction projects including Bardufoss military housing; Peab owns 90.4% of shares.

Quantifiable outcome

• 13,000 employees participated in annual Safety Day across all Nordic operations
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Eleven partnerships are on record, tiered major, core and minor.

• Arnestedt Eiendom ASmajorStrategic or Co-development Partner · 19 June 2026Joint venture partnership for Einerhagen residential development project in Tromsø. Project involves development of 600+ homes across 16 blocks in 6 phases. Peab Eiendomsutvikling and Arnestedt Eiendom AS co-develop the project with Peab Bygg as contractor.
• Jotne EiendomcoreStrategic or Co-development Partner · 3 June 2026Client for conversion of former workshop at FMV Vest in Fredrikstad to modern fitness center. Project value approximately 36 MNOK excluding VAT. Jotne Eiendom has long-term plans for developing the former shipyard area into new urban district.
• Drammen Eiendom KFmajorStrategic or Co-development Partner · 27 May 2026Client for Veiavangen school upgrade project in Mjøndalen. Project conducted through collaboration phase with Peab resulting in selection as total contractor. 6,500 sqm new building with multi-purpose hall, to be completed for school start 2028.
• Kirkens BymisjonminorStrategic or Co-development Partner · 22 May 2026Social partnership for production of insect hotels from construction waste materials. Kirkens Bymisjon's workshop in Fredrikstad provides work inclusion for people with addiction and mental health challenges. Peab purchases the insect hotels back and installs them at completed construction projects.
• Læringsverkstedet barnehage, avdeling UllerøyminorOthers · 22 May 2026Collaboration with Sarpsborg kindergarten where children fill insect hotels with natural materials as part of environmental education project.
• ForsvarsbyggcoreStrategic or Co-development PartnerMajor government client for defense construction projects. Peab contracted to build barracks (Kvarter Ramsund, 70 MNOK) and guard building (11 MNOK) at Ramsund Naval Station as part of Forsvarsløftet (defense capability enhancement program).
• Solberg Maskin AScoreTechnology or IntegrationMachine contracting company in Trøndelag, fully owned subsidiary of Peab Anlegg AS since 2017. Performs road, water and sewage work, excavation, mass transportation and equipment rental for private and public customers.
• Arne Olav Lund (AOL) AScoreTechnology or IntegrationCivil engineering contractor based in Larvik, 90.4% owned by Peab. Specializes in construction projects including Bardufoss military housing project.
• Swerock AScoreTechnology or IntegrationPeab's gravel and crushed stone as well as transport operations. Part of Peab Industri business area.
• Peab Asfalt AScoreTechnology or IntegrationPeab's asphalt operations in Norway. Part of Peab Industri business area with nationwide coverage.
• Kranor AScoreTechnology or IntegrationRental and sales of cranes and machines covering all of Norway. Part of Peab Industri.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NCC AB: Swedish construction and property development company operating across the Nordics. Competes directly with Peab in building construction, civil engineering, and residential development in Norway and Sweden.
• Skanska AB: Swedish-headquartered construction and property development group with substantial Nordic operations including Norway. Directly comparable as a multi-segment contractor (building, civil engineering, residential development) competing for the same public and private contracts.
• Veidekke ASA: Norwegian-headquartered construction, civil engineering, and property development group. The most direct domestic peer to Peab i Norge, competing for the same municipal, defense, and private developer contracts across Norway.
• AF Gruppen ASA: Norwegian construction and civil engineering group with building, infrastructure, and offshore/environmental segments. Competes with Peab i Norge in commercial building, civil engineering, and selected infrastructure tenders.

Regional players

• JM AB: Swedish residential property developer focused on new-build housing in the Nordics. Comparable to Peab Eiendomsutvikling and Peab Bolig for residential development, primarily in Sweden with selective Nordic expansion.
• Bonava AB: Nordic residential property developer active in Sweden, Germany, and the Baltics. Comparable business model to Peab Eiendomsutvikling for build-to-sell community development, though with different geographic focus.
• YIT Oyj: Finnish-headquartered construction and property development company with Nordic operations. Comparable as a residential developer and contractor in the broader Nordic market, though with limited Norway footprint.

Others

• Cramo (Boels Rental): European equipment rental company (Boels acquired Cramo). Comparable to Peab's Kranor crane and machinery rental operations, though Boels is broader and serves as both peer and potential customer.
• Heidelberg Materials (formerly HeidelbergCement): Global building materials producer including aggregates, asphalt, and concrete. Comparable to Peab's Swerock aggregates and Peab Asfalt operations, though at far larger scale and as a supplier-competitor to the Industri segment.

Emerging players

• NRC Group ASA: Norwegian rail and infrastructure contractor. Comparable to Peab Anlegg in civil engineering, particularly rail, though with narrower focus and smaller scale than Peab.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/peab
• Facebookfacebook.com/peabnorge
• LinkedInlinkedin.com/company/peab-i-norge
• Instagraminstagram.com/peabnorge

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries10 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 Peab i Norge