Novogruppen
- Company typePrivate
- Founded2018
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Novogruppen does
Novogruppen is a Stockholm-based, privately held Swedish construction contracting firm (AB) operating with a workforce of 11-50 employees. The company delivers project-based construction services across six core categories: totalentreprenad (turnkey contracting), hyresgästanpassning (tenant fit-out), stomkomplettering (structural completion), ombyggnation (reconstruction), nyproduktion (new construction), and renovering (renovation). The stated commercial positioning is built around a Stockholm-centric delivery model, a self-described "strongest team in Stockholm" combining young and experienced project managers, and claimed capital resources plus a partner network enabling large-scale projects.
The company's customer base is overwhelmingly enterprise and institutional: large Swedish property owners and real estate companies (Vasakronan, Kungsleden, Stena Fastigheter, Niam AB, Bantorget Egendom), public-purpose landlords (Hemsö Fastighets AB, Alecta Pensionsförsäkring), as well as hotel and education end-clients such as Scandic. Notable recently completed or active projects include the 324-room Scandic Värtahamnen hotel renovation (March 2023 to April 2024) and the conversion of the Kv. Kadetten 29 school property covering approximately 11,400 sqm for Hemsö Fastighets AB, with three referenced projects for Vasakronan indicating repeat engagements.
The business model is direct enterprise tender-based: Novogruppen bids and executes fixed-scope construction packages with durations spanning multiple months to over a year, generating revenue through project contracts rather than recurring SaaS, subscription, or product sales. Geographic focus is confined to Greater Stockholm. The firm has not disclosed funding rounds, M&A activity, leadership changes, or technology partnerships in the available source material, and there is no indication of AI, digital platform, or proprietary technology components in its offering.
Novogruppen firmographics
Firmographics- Name
- Novogruppen
- Legal name
- Novo Gruppen AB
- Website
- https://novogruppen.se
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Novogruppen industry classification
Industry- Product category
- Construction Contracting Services
- NAICS
- Commercial and Institutional Building Construction (23622), Commercial and Institutional Building Construction (236220), Nonresidential Building Construction (2362)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)
- akta.pro primary industry
- Public Works General Contracting (IMAFAAAG)
Keywords
Where Novogruppen is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Novogruppen business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Others
Revenue model
- Construction and Renovation Services: Project-based revenue from totalentreprenad (turnkey contracting), renovation, reconstruction, extension, and new construction projects. Revenue is generated through one-time project fees for specific construction work including tenant adaptations, structural completion, and building conversions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Novogruppen product offering
Product offeringCore offering
Novogruppen is a Stockholm-based construction contracting company that delivers turnkey contracting (totalentreprenad), tenant fit-outs (hyresgästanpassning), structural completion (stomkomplettering), reconstruction (ombyggnation), new construction (nyproduktion), and renovation (renovering) services for property owners, real estate companies, and institutions across the Stockholm region.
Product overview
Novogruppen is a Stockholm-based construction contracting company offering a unified suite of construction services. The portfolio comprises six interconnected service offerings: Totalentreprenad (turnkey construction contracting), Hyresgästanpassning (tenant fit-out and customization), Stomkomplettering (structural completion for new builds), Ombyggnation (reconstruction and renovation), Nyproduktion (new construction), and Renovering (property refurbishment). These services are delivered as integrated construction solutions, with the company emphasizing its ability to guide projects from inception through completion, providing projektering (design and planning) expertise alongside execution capabilities. Novogruppen positions itself as a stable collaboration partner with long experience delivering projects on time and at the right price, serving both property owners and tenants across commercial, hotel, school, and office segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Totalentreprenad (Turnkey Contracting)
Companies that use Novogruppen
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Novogruppen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Novogruppen partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights3 records
Novogruppen competitors and assessment
Company assessmentBroad incumbents
- Peab: Peab is one of the largest Nordic construction and civil engineering companies, with extensive building construction, renovation, and infrastructure operations across Sweden. Comparable as a broad incumbent offering overlapping general contracting and renovation services in the same Stockholm geography.
- Skanska: Skanska is a Sweden-headquartered global construction and development group with strong Nordic building construction operations. Directly comparable in service offering (commercial and institutional building construction, renovation), but operates globally and at a vastly larger scale than Novogruppen.
- Veidekke: Veidekke is a major Nordic contractor with significant Swedish operations in commercial building construction and renovation. Comparable as a broad incumbent competing in the same Stockholm commercial and institutional project market Novogruppen serves.
- NCC: NCC is one of Sweden's largest construction and real estate developers, operating across building construction, infrastructure, and property development. Comparable as a broad incumbent competing for the same Stockholm commercial, institutional, and renovation contracts Novogruppen targets, but with vastly greater scale and scope.
Direct peers
- ByggPartner: ByggPartner is a Swedish construction company providing building contracting services across commercial, residential, and public sectors, with strong Stockholm-area presence. Comparable as a direct peer in general contracting, renovation, and project-based contracting.
- Zengun: Zengun is a Stockholm-based construction contractor specializing in commercial building construction, tenant fit-outs, and renovation projects in the greater Stockholm area. Highly comparable as a direct peer — similar size, similar Stockholm focus, similar tenant adaptation and turnkey contracting model.
- Wästbygg Gruppen: Wästbygg Gruppen is a Swedish construction and project development company with operations in commercial, residential, and public-sector building construction. Comparable as a direct peer offering turnkey contracting and renovation services across Sweden.
- BRA Bygg: BRA Bygg is a Stockholm-area construction company providing renovation, rebuilding, and tenant adaptation services to property owners and real estate companies. Comparable as a direct peer in Stockholm commercial fit-out and renovation contracting.
- TL Bygg: TL Bygg is a Stockholm-based construction contractor offering general contracting, renovation, and tenant fit-out services to commercial property owners. Highly comparable as a direct peer serving the same Stockholm commercial renovation segment with similar service offerings.
- Consto: Consto is a Nordic construction group active in Sweden with building construction and renovation services, including commercial and residential projects. Comparable as a direct peer operating in the same Swedish general contracting space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Novogruppen social profiles
Digital presenceNovogruppen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novogruppen leadership team
Management profileNumber of profiles
Novogruppen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novogruppen 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 Novogruppen
What does Novogruppen do?
Novogruppen is a Stockholm-based construction contracting company that delivers turnkey contracting (totalentreprenad), tenant fit-outs (hyresgästanpassning), structural completion (stomkomplettering), reconstruction (ombyggnation), new construction (nyproduktion), and renovation (renovering) services for property owners, real estate companies, and institutions across the Stockholm region.
Is Novogruppen a public or private company?
Novogruppen is a private company. It is classified as unknown and is currently operating.
When was Novogruppen founded?
Novogruppen was founded in 2018. It employs 11 to 50 people.
Where is Novogruppen based?
Novogruppen is headquartered in Stockholm, Sweden, in the Europe region.
How does Novogruppen make money?
One revenue line is on record: construction and Renovation Services.
Who are Novogruppen's main competitors?
Broad incumbents on record are Peab, Skanska, Veidekke and NCC. Direct peers are ByggPartner, Zengun, Wästbygg Gruppen, BRA Bygg, TL Bygg and Consto.
Does Novogruppen have an API?
No public API is recorded for Novogruppen.
What industry is Novogruppen in?
Novogruppen's product category is Construction Contracting Services. Its primary akta.pro industry code is IMAFAAAG, Public Works General Contracting. Its NAICS code is 23622 and its SIC code is 1540.