May 2026
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Largest Construction & Engineering Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Epiroc, Skanska, Sweco, Peab and Bravida Holding.
 | Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company’s products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on Nasdaq Stockholm in 2018. | $27 | +24% | $33B | $34B | 4.9x | 20.3x | ||
| Skanska AB is one of the world's construction and project development companies. It develops properties and structures in the Nordic region, North America, and elsewhere. The company uses its skills and expertise to develop highways, bridges, mass transit, houses, and logistic centers. Skanska operates in business segments: construction, that derives majority of total revenue, residential development, Investment Properties, and commercial property development. Geographically, the company derives majority of revenue from Sweden, it also has its presence in UK, USA, Norway and Others. | $26 | +5% | $11B | $9B | 0.5x | 7.7x | ||
| Sweco AB is an architecture and engineering consultancy. It offers multidisciplinary services in the following segments: buildings and urban areas; water, energy, and industry; and transportation infrastructure. Sweco’s architecture operations are integrated into all segments. The company's geograohical segments include: Sweden, Belgium, Finland, Norway, Denmark, Netherlands, UK, and Germany, and Central Europe. | $13 | -26% | $5B | $5B | 1.5x | 10.8x | ||
| Peab AB is a Sweden-based construction and civil engineering company. It builds offices around the region and contributes to all stages of construction. Many projects are related to housing, transportation, commercial property, and building materials. It operates in four business areas: Construction, Civil Engineering, Industry, and Project Development. It uses technical expertise and input from customers to complete projects and deliver customized solutions. The majority of sales come from Sweden. | $9 | +5% | $3B | $4B | 0.6x | 7.9x | ||
| Bravida Holding AB is a provider of installation and services for real estate and facilities in the Nordic region. Its services deliver energy, heating, cooling, water, and air components to properties, and help provide an environment suited to customer preferences. Technological systems and maintenance can modernize buildings and help to extend sustainable solutions. Revenue is roughly split between Bravida's two primary business divisions: installation and service. The combination of the two business activities allows the company to work with customers throughout the lifecycle of a property. The company attempts to create long-term solutions and perform scheduled maintenance to ensure quality and monitor progress. | $12 | +24% | $2B | $2B | 0.8x | 9.9x | ||
| NCC AB is a construction and property development company in the Nordic region. The business operations of the company are divided into five operating segments namely, NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. The company derives maximum revenue from NCC Infrastructure and geographically from Sweden. The company's projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development. | $20 | +4% | $2B | $2B | 0.4x | 7.7x | ||
| Intea Fastigheter AB (publ) invests in and manages social infrastructure for long-term management. It provides customized premises for essential services provided by public-sector tenants in the justice, higher education, healthcare, and other public sectors. | $7 | -6% | $2B | $3B | 19.1x | 15.7x | ||
| Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and can serve all regions of the world. The business divisions are Industrial & Digital Solutions, Infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. It also offers engineering, design, and advisory services across three main sectors: infrastructure, industry, and energy. It generates the majority of its revenue from the Infrastructure segment. | $12 | -36% | $1B | $2B | 0.7x | 7.7x | ||
| Instalco AB is engaged in installation, service and maintenance of real estate and facilities in Sweden, Norway and Finland. The company performs technical installation and service within the areas of electrical, heating and plumbing systems, as well as ventilation and cooling systems. The Group has two operating segments: Sweden and Rest of Nordics. Its revenue stems from sales of the execution of installations, construction contracts and service contracts. | $4 | +54% | $1B | $1B | 0.8x | 8.3x | ||
| J M AB is a Nordic residential construction developer. It is focused on apartments and townhomes in metropolitan areas and university towns across Sweden, Norway, and Finland. The company has five operating segments; JM RESIDENTIAL STOCKHOLM; which develops residential projects in Greater Stockholm, also derives maximum revenue, JM RESIDENTIAL SWEDEN; which develops residential projects in growth areas in Sweden, excluding Greater Stockholm, JM NORWAY develops residential projects. JM FINLAND also develops residential projects, and JM PROPERTY DEVELOPMENT; develops rental units, residential care units, and commercial properties in Greater Stockholm. | $12 | -22% | $788M | $2B | 1.8x | 57.1x | ||
| Vestum AB provides services and products to the infrastructure sector. The group specialises in sustainable development and, through its robust presence in the United Kingdom and Scandinavia. The company develops and acquires niche companies with business models, sustainable competitive advantages, and local presence within the segments of Flow Technology, Niche Products and Solutions. Vestum's business model is based on decentralised governance, powerful industry and customer focus, and entrepreneurial drive. The group is developing and constructing a climate-adapted, more sustainable, and vital infrastructure that meets the needs of tomorrow. Vestum contributes to sustainable development and long-term value creation. | $1 | +5% | $448M | $646M | 1.5x | 10.2x | ||
| NYAB AB is a construction services provider. It is engaged in green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients related to renewable energy and sustainable infrastructure. In addition to the special construction, its business focuses on carbon-neutral industrial and other industries' wind power projects. Geographically, it generates maximum revenue from Sweden and the rest from Finland. | $1 | +1% | $447M | $422M | 0.6x | 9.6x | ||
| Bonava AB is a Swedish residential development company. It acts as a developer of residential housing in northern Europe. The company is engaged in developing and selling affordable and sustainable homes to consumers and investors in selected markets in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia, and Latvia. Bonava provides multi-family housing and single-family housing and develops homes for consumers and investors, such as pension funds, jointly with municipalities and other stakeholders. Its product segments are categorized as Affordable, Core and High-end. Bonava operates in the Berlin, Hamburg, Baltic coast, Saxony, Rhien-Ruhr, Cologne/ Bonn, Rhien-Main and Rhine-Neckar/Stuttgart regions.Key revenue is earned from sales in Germany. | $1 | -27% | $298M | $703M | 0.8x | 12.0x | ||
| K-Fast Holding AB is a residential property company focused on construction and long-term property management of self-developed residential properties. The company deals in project development, construction, and property management business. It generates maximum revenue from the property management segment. | $1 | -9% | $273M | $2B | 9.0x | 30.7x | ||
| ByggPartner Gruppen AB is an engineering and construction company based in Sweden. It is specialized in construction, construction services, scaffolding, and property development. | $5 | +115% | $248M | $234M | 0.4x | 9.5x | ||
| Fasadgruppen Group AB is a service provider of sustainable facades. It offers plastering, masonry, windows and balconies renovations, thermal insulation, carbon fiber reinforcement, scaffolding, and various other services. The main customers of the company are property owners, construction companies, property managers, consultants, housing cooperatives as well as state bodies and municipalities. | $2 | -28% | $194M | $400M | 0.7x | 8.0x | ||
| Eolus AB (publ) is a developer of wind power in Sweden. It develops, realizes, and manages projects in wind power, solar power, and energy storage in several markets in Europe and the USA. | $5 | -10% | $116M | $70M | 0.2x | (2.1x) | ||
| Studentbostader i Norden AB owns, manages, and develops student housing facilities in the Nordic region. The company offers affordable housing options and a completely digitized rental management system. | $0 | +3% | $107M | $688M | 12.6x | 12.9x | ||
| SEHED Byggmastargruppen AB is a construction group consisting of several companies within construction, core replacement, new production, sheet metal and facade work. | $3 | +22% | $80M | $67M | 0.4x | 5.7x | ||
| Qben Infra AB is a group specializing in the acquisition and development of platforms within infrastructure services in the Nordics, gathering a diversified portfolio of 20 plus companies across four infrastructure niches: Construction, Rail, Power and Testing, Inspection & Certification (TIC). It is active in the construction industry and performs construction contracts, renovation services and project development. | $1 | -10% | $79M | $163M | 1.4x | (32.8x) | ||
| Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. The majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden. | $1 | 0% | $67M | $226M | 0.6x | 4.4x | ||
| Infrea AB is an investment company. The company invests in Land & Construction business, AVA (waste, water and sewer) business areas and Fire Protection. | $2 | +15% | $46M | $53M | 0.2x | 3.7x | ||
| Wall to Wall Group AB is engaged in pipe collection, pipe flushing, maintenance, and sealing of ventilation ducts, as well as other complementary and related services that are sold and performed in the same market channels, such as geothermal solutions in apartment buildings. | $3 | -57% | $37M | $67M | 0.8x | (3.5x) | ||
| Balco Group AB provides expertise in supplying glazed balconies and balcony solutions. It offers customer-adapted and balcony solutions to tenant-owner associations, the public housing sector, private landlords, and construction companies. Its operating segment includes the Renovation segment including the replacement and extension of existing balconies and the installation of new balconies mainly glazed on apartment buildings. The New Build segment includes balconies in the construction of apartment buildings and balcony projects in the maritime market. It generates maximum revenue from the Renovation segment. Geographically, it derives a majority of its revenue from Sweden and also has a presence in Germany, Norway, Denmark the United Kingdom, Netherlands, Finland, and Switzerland. | $2 | -41% | $35M | $74M | 0.5x | 11.8x | ||
| Wastbygg Gruppen AB is a construction and project development company in Sweden. The company builds and develops homes, commercial buildings, community service properties, logistics and industrial facilities. Its segments include Residential, Commercial and Logistics and Industry. It builds apartment buildings for external clients, both municipal and private. It also develops and builds its own housing projects. | $0 | -72% | $26M | $39M | 0.1x | (0.8x) | ||
| Netel Holding AB is a specialist in critical infrastructure projects and services. It offers customers efficient, high-quality infrastructure projects and services through its extensive experience, broad geographical presence, and decentralized organization. It caters to industry players in power, telecommunications, and heating as well as water and sewage in carrying out projects as well as services and maintenance. It undertakes projects like planning, building, and maintaining electricity distribution networks, carrying out projects within street lighting, electric car charges, and building and maintaining both fibre and mobile networks among others. The company has five operating segments: Sweden which generates key revenue, Norway, Finland, Germany, and the United Kingdom. | $0 | -62% | $18M | $127M | 0.4x | 14.5x | ||
| Hexicon AB is a project developer of floating offshore wind, opening new markets in deep water areas, and a technology provider with a patented floating wind design. The company has projects in the United Kingdom, Sweden, Italy, South Korea, and South Africa along with a prospect in Ireland. The company generates a majority of its revenue from Sweden, followed by Asia and other parts of Europe. | $0 | -2% | $9M | $96M | 47.4x | 21.6x | ||
| Acenta Group AB is engaged in providing fully customizable to fit clients needs by offering flexibility in design and specifications. The company is engaged in dismantling and delivering both refurbished and new padel courts, offering differentoptions and convenient logistics. | $0 | -60% | $181K | $176K | 1.5x | (0.1x) | ||
| Median | $2 | -4% | $260M | $534M | 0.7x | 8.9x |
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