Veidekke () is the largest

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the ...

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

and civil engineering company and the fourth largest in Scandinavia. Veidekke's business involves a network of

Scandinavia Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, ...

construction and engineering operations,

rehabilitation Rehabilitation or Rehab may refer to: Health * Rehabilitation (neuropsychology), therapy to regain or improve neurocognitive function that has been lost or diminished * Rehabilitation (wildlife), treatment of injured wildlife so they can be retur ...

work, major heavy construction contracts and development of

dwellings In law, a dwelling (also known as a residence or an abode) is a self-contained unit of accommodation used by one or more households as a home - such as a house, apartment, mobile home, houseboat, vehicle, or other "substantial" structure. The ...

for the company's own account as well as buildings for public use. They recently acquired Reinertsen's civil engineering arm. Other business segments are

asphalt Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term a ...

operations, production of crushed

stone In geology, rock (or stone) is any naturally occurring solid mass or aggregate of minerals or mineraloid matter. It is categorized by the minerals included, its Chemical compound, chemical composition, and the way in which it is formed. Rocks ...

and

gravel Gravel is a loose aggregation of rock fragments. Gravel occurs naturally throughout the world as a result of sedimentary and erosive geologic processes; it is also produced in large quantities commercially as crushed stone. Gravel is classifi ...

( aggregates) and maintenance of

public roads A highway is any public or private road or other public way on land. It is used for major roads, but also includes other public roads and public tracks. In some areas of the United States, it is used as an equivalent term to controlled-access ...

Operations

Veidekke's core activities are linked with

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

, civil engineering and consulting, and industrial operations (

/ aggregates and road maintenance. Veidekke has developed in

concrete Concrete is a composite material composed of fine and coarse aggregate bonded together with a fluid cement (cement paste) that hardens (cures) over time. Concrete is the second-most-used substance in the world after water, and is the most wi ...

carpentry Carpentry is a skilled trade and a craft in which the primary work performed is the cutting, shaping and installation of building materials during the construction of buildings, ships, timber bridges, concrete formwork, etc. Carpenters tr ...

and road operations.

Engineering

Veidekke took control of 80% of the shares of civil engineering contractor Tore Løkke AS in Åfjord at Fosen in Sør-Trøndelag. They also acquired Reinertsen's onshore construction and civil engineering operations.

Construction

Veidekke is a major player in the

market and undertakes all types of building and heavy construction projects. Veidekke's contracts include construction of residential and non-residential buildings,

schools A school is an educational institution designed to provide learning spaces and learning environments for the teaching of students under the direction of teachers. Most countries have systems of formal education, which is sometimes compulsor ...

and other

public buildings A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and funct ...

and

renovation Renovation (also called remodeling) is the process of improving broken, damaged, or outdated structures. Renovations are typically done on either commercial or residential buildings. Additionally, renovation can refer to making something new, ...

of buildings in addition to heavy construction projects such as

roads A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types of ...

railways Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...

and industrial development projects. Construction operations in Norway are the responsibility of Veidekke Entreprenør AS. In Denmark, Veidekke's construction operations are looked after by Hoffmann A/S, and in Sweden, construction operations are undertaken by

Veidekke Sverige AB Veidekke Group's Swedish services are represented by the company Veidekke Sverige AB. Operations are mainly driven by construction and property development. Subsidiaries of Veidekke Sverige AB * Veidekke Anläggning Öst AB started its operations i ...

Property development

The property division, Veidekke Eiendom AS, undertakes the development of

for Veidekke's own account. Another business segment is the development of non-residential buildings and special-purpose buildings for the public sector. The division also carries out maintenance and management of non-residential buildings on behalf of Veidekke and other clients.

Industry

The industry division's operations are concentrated to the Norwegian market and cover the following business areas:

Asphalt Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term a ...

/aggregates, civil engineering and consulting. and road maintenance. Asphalt/aggregate operations are managed by Veidekke Industry AS. This segment includes production of

and asphalting work, production of gravel and crushed stone, as well as maintenance of

History

Veidekke's roots go back to 1863 in Denmark (H. Hoffmann & Sønner) and in 1896 in

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

(Høyer Ellefsen). As a company, Veidekke was founded 6 February 1936 by Nico S. Beer and Gustav Piene. In its founding years, Veidekke was a company constructing

and laying

cobblestone Cobblestone is a natural building material based on cobble-sized stones, and is used for pavement roads, streets, and buildings. Setts, also called Belgian blocks, are often casually referred to as "cobbles", although a sett is distinct fro ...

. When the Second

World War A world war is an international conflict which involves all or most of the world's major powers. Conventionally, the term is reserved for two major international conflicts that occurred during the first half of the 20th century, World WarI (1914 ...

broke out in 1940, the company fulfilled all signed contracts and shut down all operations until after the war. In 1948, the small and virtually unknown company, Veidekke, won the contract for

runways According to the International Civil Aviation Organization (ICAO), a runway is a "defined rectangular area on a land aerodrome prepared for the landing and takeoff of aircraft". Runways may be a man-made surface (often asphalt, concrete, o ...

Stavanger Airport, Sola Stavanger Airport ( no, Stavanger lufthavn; ), commonly just known as Sola, is an international airport located in Rogaland county, Norway. The airport is located southwest of the centre of the city of Stavanger inside the neighboring munici ...

. This was the first of a number of major airport contracts for Veidekke. In the middle of the 1950s, Veidekke was engaged in airport construction in

Ethiopia Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...

. This was a very important contract for the future development of the company. In the 1960s the company's main activity was

road construction A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types of ...

. From 1969 until the beginning of the 1980s, Veidekke was once again active in

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

, this time performing various contracts for

NORAD North American Aerospace Defense Command (NORAD ), known until March 1981 as the North American Air Defense Command, is a combined organization of the United States and Canada that provides aerospace warning, air sovereignty, and protection ...

(the Norwegian Agency for Development Cooperation). The beginning of the 1970s was also the beginning of a new period for Veidekke. The company needed to focus on new product areas. In 1972, Veidekke was awarded the contract for construction of the Heggmoen

Dam A dam is a barrier that stops or restricts the flow of surface water or underground streams. Reservoirs created by dams not only suppress floods but also provide water for activities such as irrigation, human consumption, industrial use, a ...

Northern Norway Northern Norway ( nb, Nord-Norge, , nn, Nord-Noreg; se, Davvi-Norga) is a geographical Regions of Norway, region of Norway, consisting of the two northernmost counties Nordland and Troms og Finnmark, in total about 35% of the Norwegian mainlan ...

, and what followed for Veidekke, was a period of nationwide dam construction. At the beginning of the 1980s, a structural development of the building and

construction industry Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and come ...

started in

. This resulted in the amalgamation of many companies into a few major players. Veidekke, however, decided on a different course, choosing instead to develop itself into a nationwide contracting company. Consequently, through take-overs, mergers and establishment of new companies, more than 60 companies have become part of Veidekke. Veidekke has grown from being the ninth largest construction company at the beginning of the 1980s to its present position as the largest Norwegian owned construction company. On June 23, 1986 Veidekke was quoted on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

's main list. Since the end of the 1960s Veidekke's employees have owned shares in the company, and Veidekke still encourages its employees to buy shares through well renowned share programs.

References

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the contents of which have been released under the GFDL by a representative of the Veidekke Group. {{Authority control Construction and civil engineering companies established in 1936 Engineering companies of Norway Holding companies of Norway Companies listed on the Oslo Stock Exchange Construction and civil engineering companies of Norway Companies based in Oslo Norwegian companies established in 1936 Holding companies established in 1936