The bridge construction industry in the Nordics plays a critical role in enhancing connectivity and supporting infrastructure development. This sector is characterized by various companies, from engineering firms to specialized contractors, who bring innovative approaches to bridge design and construction. With an emphasis on sustainability and safety, many firms incorporate modern technologies and environmentally friendly materials in their projects. As population growth and urbanization continue to increase, the demand for efficient and durable bridges is only expected to rise, driving investment and collaboration across the region to meet future challenges.


The list features a mix of 11 investments ranging from private equity firms to corporate giants, primarily based in Sweden and Finland. Founded between 1820 and 2016, these organizations vary in size, with employee counts from 11 to over 10,000. In 2024 alone, they collectively initiated 15 relevant investments, focusing on expanding their portfolios in the construction sector, particularly bridge projects. This snapshot reflects a dynamic investment environment rich with opportunity for growth and innovation.


Top 11 Bridge Construction Investors in the Nordics


1. Intera Partners

  • Website: interapartners.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2007. The firm specializes in investment management and advisory services, focusing on growing and internationalizing Finnish and Swedish companies with revenues between €10-200 million. Intera Partners emphasizes responsible investing and building strong partnerships with business owners. Notably, they have been involved in significant transactions in the construction sector, including the acquisition of Kreate, a company engaged in infrastructure projects, including bridge construction, and Normek Group, which also operates in the construction industry. These transactions highlight Intera Partners' commitment to investing in companies that contribute to the bridge construction industry, reinforcing their relevance as a bridge construction investor.


2. Nordea

  • Website: nordea.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1820
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: nordea

Nordea Bank Abp is a prominent financial services company based in Helsinki, Finland, providing a comprehensive range of banking and investment management services to both individual and corporate clients. Founded in 1820, Nordea has established a strong presence in the Nordic region, offering personal banking, business banking, and asset management solutions. In recent years, Nordea has been actively involved in financing the construction industry, as evidenced by their participation in significant debt transactions with major construction firms. For instance, they facilitated a post-IPO debt raise of approximately $88.8 million for Veidekke, a company engaged in various construction projects, including infrastructure. Similarly, they supported Peab in raising around $697.8 million and NCC in raising about $428 million, both of which are key players in the construction sector. These transactions highlight Nordea's role as a financial partner in the construction industry, particularly in projects that may include bridge construction.


3. Nordisk Bergteknik AB (publ)


Nordisk Bergteknik AB (publ) is a corporate investor based in Gothenburg, Västra Götaland, Sweden, founded in 2016. The company specializes in rock management and foundation services, primarily serving the infrastructure sector. They focus on sustainable practices and modern techniques, providing essential services that support the development of infrastructure in Sweden, Norway, and Finland. In recent years, Nordisk Bergteknik has made several strategic acquisitions to enhance their market position and service offerings. Notable transactions include the acquisition of BGS Svensson, which strengthens their presence in the Västra Götaland region, and Power Mining, a Finnish company specializing in rock construction, which aligns with their geographical expansion strategy. Additionally, they acquired Snemyr Betongsprøyting and Berg & Betongförstärkning to bolster their foundation reinforcement capabilities, both of which are crucial for bridge construction projects. These acquisitions reflect their commitment to enhancing their infrastructure services, making them a relevant player in the bridge construction industry.


4. Bellman Group

  • Website: bellmangroup.se
  • Type: Corporate
  • Headquarters: Solna, Stockholm, Sweden
  • Founded year: 2017
  • Headcount: 501-1000
  • Number of deals in 2024: 2
  • LinkedIn: bellman-group

Bellman Group, founded in 2017 and based in Solna, Stockholm, Sweden, is a corporate investor specializing in construction and logistics. The company focuses on excavation, transport, and material handling services, catering to construction firms and infrastructure projects. With a commitment to sustainable solutions and circular economy principles, Bellman Group operates across Sweden through a network of subsidiaries. Notable transactions include the acquisition of Losshållningsbolaget, which operates in the quarrying and civil engineering sector, enhancing their capabilities in southern Sweden, particularly in Gothenburg. Additionally, their acquisition of SÅCAB Åkericentral allowed them to expand their capacity in the Stockholm region and gain access to a recycling facility, which is strategically important for their operations. These transactions highlight Bellman Group's strategic positioning in the construction industry, making them a relevant player in bridge construction.


5. Rejlers

  • Website: rejlers.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1942
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: rejlers

Rejlers is an engineering consultancy based in Stockholm, Sweden, founded in 1942. The company specializes in project management, digital solutions, and sustainable energy consulting, catering to both businesses and public authorities. With a strong presence in the Nordic region and the UAE, Rejlers focuses on delivering innovative solutions to modern challenges, particularly in the energy and infrastructure sectors. Recently, Rejlers has made strategic acquisitions to bolster its service offerings, including the acquisition of Karl Knudsen AS, a Norwegian consulting firm recognized for its expertise in building and civil engineering. This acquisition aligns with Rejlers' growth strategy to enhance its capabilities in infrastructure projects, which may encompass bridge construction. Other notable acquisitions include HydroTerra Ingenjorer and Omega Holtan, further expanding their technical consulting services in engineering and automation. These transactions highlight Rejlers' commitment to strengthening its position in the engineering consultancy market, particularly in areas relevant to infrastructure development.


6. Multiconsult

  • Website: multiconsult.no
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1908
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: multiconsult

Multiconsult ASA is a prominent consulting and engineering firm based in Oslo, Norway, founded in 1908. The company specializes in providing a wide range of services across various sectors, including construction, renewable energy, and environmental management. They cater to a diverse clientele, including government agencies and private developers, offering expertise in project planning, engineering solutions, and compliance with environmental regulations. In recent years, Multiconsult has made strategic acquisitions to enhance their service offerings, including the acquisition of Roar Jørgensen AS in November 2022 and T-2 Prosjekt Vest AS in November 2023. These acquisitions indicate a focus on expanding their capabilities in the construction sector, which may include bridge engineering and related projects. Their ongoing commitment to comprehensive engineering solutions positions them as a relevant player in the bridge construction industry.


7. Nordic Waterproofing AB


Nordic Waterproofing AB is a corporate investor based in Sweden, founded in 1904. The company specializes in waterproofing solutions for buildings and infrastructure, offering a range of products including waterproofing materials, prefabricated elements, and installation services. Their customer base primarily consists of construction companies and property developers who require effective solutions to prevent water damage. In recent years, Nordic Waterproofing has made several strategic acquisitions to enhance its market position and product offerings. Notably, they acquired Annebergs Limtræ A/S, which focuses on glulam components, and Veg Tech AB, which specializes in multifunctional vegetation systems. These acquisitions reflect their commitment to sustainable building solutions, although they do not specifically target bridge construction. Nevertheless, their expertise in waterproofing and infrastructure solutions positions them as a relevant player in the construction industry.


8. Ratos

  • Website: ratos.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1866
  • Headcount: 11-50
  • LinkedIn: ratos

Ratos is a private equity investment company based in Stockholm, Sweden, founded in 1866. The firm operates across various sectors, including construction, manufacturing, and consumer goods, with a strong emphasis on providing technological and infrastructure solutions. Ratos aims to create value for its shareholders while addressing the diverse needs of its customer base. Notably, Ratos has made significant investments in the construction industry, including the acquisition of 63% of Vestia Construction Group, which has demonstrated impressive growth in the Gothenburg market. This acquisition complements Ratos's existing construction company, HENT, and highlights their commitment to expanding their footprint in the construction sector. Additionally, Ratos has been involved in other acquisitions, such as Semcon and EuroMaint AB, which, while not directly related to bridge construction, showcase their active investment strategy and financial strength in the broader construction and infrastructure landscape.


9. Peab

  • Website: peab.com
  • Type: Corporate
  • Headquarters: Sweden
  • Founded year: 1959
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: peab

Peab is a prominent construction and civil engineering company founded in 1959, headquartered in Sweden. With over 10,000 employees, Peab specializes in building community infrastructure across the Nordic region, offering a wide range of construction services that include residential, educational, and public facilities. Their clientele consists of municipalities and private developers who rely on Peab to enhance community living through quality construction. Recently, Peab has made strategic acquisitions to bolster their civil engineering operations, such as acquiring a majority stake in Arne Olav Lund AS, a Norwegian construction contractor, which is expected to enhance their civil engineering capabilities in eastern Norway. Additionally, their acquisition of Asfaltti-System Oy, a company specializing in asphalt and concrete components, further strengthens their maintenance and service operations, which are crucial for infrastructure projects, including bridges.


10. Sdiptech

  • Website: sdiptech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Headcount: 1001-5000

Sdiptech AB is an infrastructure technology group based in Stockholm, Sweden, that specializes in providing technology, solutions, and services aimed at enhancing the efficiency and sustainability of infrastructure. Founded with a focus on acquiring and developing technology companies, Sdiptech addresses critical renovation and expansion needs in aging systems. Among their notable transactions, they acquired AVA Monitoring, which specializes in automated cloud-based measurement systems for monitoring vibration and noise in infrastructure projects, a service that is highly relevant to bridge construction. They also acquired Mecno Service Srl, which specializes in products and services for grinding rails and turnouts, indicating their involvement in rail infrastructure, which often intersects with bridge projects. Overall, Sdiptech's strategic acquisitions position them as a player in the infrastructure sector, including bridge construction.


11. Investinor

  • Website: investinor.no
  • Type: Venture Capital
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Among its notable transactions, Investinor has invested in Fonn Construction, which raised $3,367,409 in a Series A funding round in August 2020, indicating its engagement in the construction sector. While other investments, such as those in Innotech Solar and Kebony, focus on renewable energy and materials, the investment in Fonn Construction highlights Investinor's potential interest in the construction industry, including bridge construction.



Bridge Construction Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Intera PartnersHelsinki, Uusimaa, Finland11-5020072
NordeaHelsinki, Uusimaa, Finland10001+18206
Nordisk Bergteknik AB (publ)Gothenburg, Västra Götaland, Sweden501-100020160
Bellman GroupSolna, Stockholm, Sweden501-100020172
RejlersStockholm, Stockholm, Sweden1001-500019421
MulticonsultOslo, Oslo, Norway1001-500019081
Nordic Waterproofing ABSweden501-100019040
RatosStockholm, Stockholm, Sweden11-5018660
PeabSweden10001+19591
SdiptechStockholm, Stockholm, Sweden1001-50000
InvestinorTrondheim, Trøndelag, Norway11-5020084


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