Hýsi

What Hýsi does

Hýsi – Verkheimar ehf. is a Kópavogur, Iceland-based commercial building solutions provider that operates as a distributor and project integrator rather than a manufacturer. The company supplies prefabricated building systems sourced from European partners — Trimo MSS (Slovenia) for modular units, Rundbuehaller ApS (Denmark) for arch buildings, and JorisIde (Belgium) for sandwich panels and cladding — and assembles a complete package including structural frames, insulation, windows, doors, and flashings.

The company's core offerings span arch buildings (both portable shelters and permanent custom structures), steel frame buildings, glulam timber structures, Trimo modular units, container buildings, and insulated sandwich panels with PIR or rock wool cores. Hýsi operates a three-stage engagement model: rough cost estimate, detailed cost estimate, and binding formal offer (up to three weeks to produce). For Trimo modular and glulam projects, the company bundles design, material supply, installation, and construction management — drawing on an Icelandic partner ecosystem that includes VSR (structural engineering), Glóra (design), JDA (architecture), and Project Management Ltd. (construction management), plus Slovenian (A&A Modular) and Romanian (SC Arccad) installation subcontractors.

Hýsi serves four primary vertical segments — municipalities (schools, kindergartens, relocatable classrooms), agriculture (riding halls, stables, barns, machinery storage), tourism (hotels, glacier-side facilities, work camps), and commercial/industrial (cold storage, warehouses, aircraft hangars, sports halls) — operating primarily in Iceland with at least one documented delivery to Tasiilaq, Greenland. The firm employs seven staff, has delivered over 100 buildings across approximately 15 years of operating history (under new ownership since 2020), and runs a sales-led go-to-market with field sales staff, project-based pricing, and a 30% deposit requirement on portable arch buildings. No revenue, funding, or valuation figures are publicly disclosed.

Name

Hýsi

Legal name

Hýsi – Verkheimar ehf.

Website

https://www.hysi.is

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Hýsi is a Kópavogur, Iceland-based distributor and project integrator supplying prefabricated commercial buildings — modular units, glulam, steel-frame, and arch structures — sourced from European partners, serving municipalities, agriculture, tourism, and commercial/industrial clients with bundled design, materials, and construction management.

Ownership category

akta.pro rank

Headquarters

HQ city

Kópavogur

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Building Materials Sales: Hýsi sells complete building material packages including structural frames (glulam, steel, Trimo units, arch frames), sandwich panels for roof/exterior walls/partitions, flashings, fasteners, windows, doors, and cladding. Materials are sold 'from ground up to a finished house' for glulam buildings, steel frame buildings, arch houses, and Trimo modular structures.
2. Design and Engineering Services: Hýsi provides design services including main drawings, load-bearing and production drawings for all building types, and plinth drawings. Design services are offered as part of the complete building solution package, with engineering calculations handled by partner VSR (Reykjavik Engineering Institute).
3. Construction and Installation: Hýsi offers complete installation and construction management for Trimo modular buildings and glulam buildings. Services include providing workers, construction management, all builders and subcontractors, and communication with planning authorities. The company typically handles the building structure while the contractor handles foundations and utilities, though Hýsi can also manage those aspects upon request.
4. Portable Arch Building Sales: Hundred of portable arch buildings from Rundbuehaller have been sold throughout Iceland. These are sold as unassembled units with installation instructions, or with optional installation. Pricing includes a 30% confirmation deposit at order. Optional accessories include doors, ventilation, lifting attachments, galvanizing, and custom colors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Hýsi provides complete building solutions including design services, all building materials (structural frames, sandwich panels, cladding, windows, doors), and optional construction/installation management for modular and prefabricated buildings — arch buildings, steel frame buildings, glulam timber structures, Trimo modular units, and container buildings. The company serves as the primary Icelandic distributor for Trimo MSS (Slovenia), Rundbuehaller (Denmark), and JorisIde (Belgium) products, and delivers projects across Iceland and Greenland.

Product overview

Hýsi is a commercial building solutions provider offering a portfolio of modular and prefabricated building products. The core offerings include Arch Buildings and Portable Arch Shelters (from Danish partner Rundbuehaller), Steel Frame Buildings, Glulam Buildings, and Trimo Modular Units (from Slovenian partner Trimo MSS). Container Buildings provide standardized solutions for temporary accommodation. Supporting products include Sandwich Panels (insulated panels with PIR or rock wool cores), Cladding systems (from Belgian partner JorisIde), Z-Structure Buildings, CLT Unit Houses, BETAFENCE fencing/gates, and Gabion wire baskets for landscaping. The company provides design services, material supply, and installation/construction management for modular buildings.

Differentiator

Problem solved

Functional benefit

Products and services

• Arch Buildings Custom-designed permanent arch buildings from Rundbuehaller, available in widths of 8m–16m and tailored lengths. Made with primed steel tubes and galvanized steel sheet cladding, available insulated or uninsulated. For commercial, agricultural, and industrial customers.
• Portable Arch Shelters Cost-effective portable arch shelters from Rundbuehaller, basic unit 30 m² (5×6m), extendable in 1.5m increments. Made with rolled steel sheets on steel base frame, with optional front gable, doors, ventilation, lifting attachments, galvanizing, and custom colors. Publicly listed unit pricing starting from ISK 772,000.
• Steel Frame Buildings Custom-designed steel frame buildings in all sizes, suitable for large column-free spaces. Complete solution including structural frame, sandwich panels, flashings, doors and windows. For industrial, commercial, and municipal customers.
• Trimo Modular Units Custom-designed relocatable modular building units from Trimo MSS for schools, kindergartens, offices, and accommodation. Complete solution including design, installation, and construction management. Wide range of options for exterior appearance, insulation, heating, lighting, and interior layout.
• Container Buildings Standard container buildings from Trimo MSS for worker accommodation, leisure cabins, and restroom solutions. Available as assembled or unassembled units.
• Glulam Buildings Strong and warm timber frame buildings using glued laminated timber. Cost-effective solution for various building applications including agricultural, commercial, and aviation uses.
• Sandwich Panels Insulated panels with PIR or rock wool cores for exterior walls, partition walls, and roof cladding. PIR panels offer high insulation values; rock wool panels provide A2-s1, d0 fire protection (EI60, EI90, EI120) with optional integrated acoustic insulation.

Quantifiable outcome

• 100+ buildings sold across Iceland over 15 years of operation
• +2 more outcomes

Named customers12 records

Segments4 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

Nine partnerships are on record, tiered core and minor.

• Trimo MSScoreTechnology or IntegrationTrimo is a Slovenian company with over 30 years of experience in the production and sale of high-quality building units and standard container units. Hýsi distributes Trimo modular units in Iceland and has built numerous such buildings in the country. Trimo units are used for schools, kindergartens, offices, and accommodation.
• Future Rundbuehaller ApScoreTechnology or IntegrationRundbuehaller is a family-run Danish company specializing in the production of arched buildings. Hýsi and Rundbuehaller have worked together for 15 years, selling hundreds of portable or permanent arch buildings throughout Iceland. Hýsi is the primary Icelandic distributor for Rundbuehaller products.
• Reykjavik Engineering Institute Ltd. (VSR)coreStrategic or Co-development PartnerVSR handles all load-bearing structural design and engineering calculations for Hýsi across all building types — glulam, steel frame, and arch buildings. The collaboration between Hýsi and VSR has been very successful for years.
• Jón Davíð Ásgeirsson (JDA ehf.)minorStrategic or Co-development PartnerArchitect Jón Davíð has worked with Hýsi for many years, successfully designing steel frame and glulam buildings for the company at the request of its clients.
• Glóra ehf.minorStrategic or Co-development PartnerGlóra is a design and construction engineering firm in Reykjanesbær. Hýsi has collaborated with Glóra in recent years on the design of portable buildings made from Trimo units, especially projects for Reykjanesbær municipality. Glóra has extensive experience in designing this type of building.
• Project Management Ltd. (Gunnar Smári Magnússon)minorImplementation/ SI/ Consulting PartnerGunnar Smári Magnússon handles construction management on Hýsi projects where Hýsi undertakes the construction of sold buildings. He is a construction engineer and master builder with full construction management qualifications and decades of experience.
• A&A Modular Construction CompanyminorImplementation/ SI/ Consulting PartnerA Slovenian company that specializes in constructing buildings from Trimo modular units. Its employees have constructed several such buildings in Iceland in collaboration with Hýsi in recent years.
• SC Arccad SrlminorImplementation/ SI/ Consulting PartnerA Romanian company specialized in the construction of glulam buildings. Its employees have built several glulam and CLT buildings in Iceland in recent years.
• JorisIdecoreTechnology or IntegrationJorisIde in Belgium is one of Europe's largest manufacturers of shaped roof and wall panels. Hýsi offers all their sandwich panel solutions (PIR and rock wool), flashings, and accessories for roof and wall cladding applications.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Skanska: Skanska is a leading Nordic-headquartered global construction and real estate developer with operations across commercial, residential, and infrastructure. While not a modular specialist, it competes with Hýsi on large commercial building contracts and increasingly on sustainable timber construction (via BoKlok and direct projects), positioning it as a broad incumbent with overlapping capabilities.
• Ramirent (Boels): Ramirent was a Nordic construction equipment and modular space provider acquired by Boels in 2019; Boels now operates across the Nordics and Europe offering site accommodation, modular buildings, and equipment rental. Comparable to Hýsi's container buildings and portable arch products in Nordic construction sites, though operating at much larger scale and with broader rental-based service.
• Modulaire Group: Modulaire Group (formerly Algeco/modular space business under Brookfield) operates one of Europe's largest fleets of portable and modular buildings, serving construction, industrial, and public-sector customers across the continent. It is a scaled broad incumbent comparable to Hýsi's modular and portable building distribution model, with stronger geographic reach but similar end-market exposure.
• NCC: NCC is one of the largest Nordic construction and property development companies, with substantial activity in schools, infrastructure, and commercial buildings in Iceland-adjacent markets. It is a broad incumbent comparable to Hýsi's nonresidential construction scope, though operating at much larger scale and with vertically integrated capabilities rather than a distribution/integration model.
• Cramo: Cramo is a major Nordic and European provider of construction equipment rental and modular space solutions, serving general contractors, industrial customers, and public sector clients. It is a broad incumbent with a modular space division that overlaps with Hýsi's portable buildings and container offerings, though its core rental model differs from Hýsi's distribution/integration focus.

Regional players

• BM System (BM Småland): BM System is a Nordic modular building manufacturer focused on relocatable and permanent modular buildings for schools, offices, and care facilities across Sweden and Northern Europe. It is a regional peer to Hýsi's Trimo modular business, with similar customer types and product positioning, though operating in different geographies without an Icelandic presence.

Emerging players

• BoKlok: BoKlok is a joint venture between IKEA and Skanska developing modular, factory-built timber homes and apartments across the Nordics and Europe. It overlaps with Hýsi's glulam and CLT building offerings and shares a similar sustainability positioning, though BoKlok focuses on residential rather than Hýsi's commercial/industrial/municipal mix.

Direct peers

• Adapteo: Adapteo is a leading Nordic modular space and building provider (spun off from Cramo in 2019), listed on Nasdaq Stockholm and serving schools, offices, and accommodation across the Nordics. It is the closest direct peer to Hýsi's Trimo modular business, operating a similar distributor-and-installer model for modular buildings across Northern Europe with a focus on public-sector and education customers.
• Portakabin: Portakabin is a UK-headquartered modular building manufacturer and supplier with operations across Europe, delivering portable and permanent modular buildings for education, healthcare, and commercial customers. It is directly comparable to Hýsi's one-stop-shop modular delivery model, including design, manufacture, and installation services.
• Algeco: Algeco is one of Europe's largest modular space and portable building providers, operating across multiple countries with a fleet of modular units for schools, offices, and industrial use. It competes directly with Hýsi's Trimo modular and container building offerings at a pan-European scale and shares the same customer segments (municipalities, enterprises, construction sites).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Hýsi