- Business
- Peab AB (publ) is a leading Nordic construction and civil engineering company that develops, constructs and maintains housing, commercial and public properties; builds and maintains roads, railroads, bridges, pipelines and other infrastructure; supplies industry products including asphalt, concrete, aggregates, gravel, rock, paving materials, construction systems, transportation, machines and rentals; and engages in project development of residential and property projects. Founded in 1959 and headquartered in Förslöv, Sweden, the company operates primarily in Sweden, Norway, Finland and Denmark with approximately 13,000 employees and net sales of SEK 58 billion. Its four complementary business areas—Construction, Civil Engineering, Industry and Project Development—enable integrated solutions across the construction value chain for public and private customers. Recent developments include a new business plan period for 2024-2026 with reiterated external targets and potential orders of SEK 19 billion; strengthened strategic partnership with LKAB for green industrial projects such as a hydrogen plant in Gällivare; issuance of green bonds totaling SEK 1.5 billion to fund climate goals; acquisitions of properties and development rights in Malmö; major contract wins such as New Bodø Airport (NOK 3.3 billion), Gothenburg Central Station extension (SEK 870 million), E20 highway expansion (SEK 848 million) and numerous waterworks, schools and infrastructure projects totaling billions of SEK in 2024-2025; and sustainability initiatives like standardizing climate-improved ECO-Betong concrete and using fossil-free steel piles.