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
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 ...
,
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 (
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 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
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, ...
n
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 ...
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
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 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
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 ...
and asphalting work, production of gravel and crushed stone, as well as 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 ...
.
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
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 ...
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
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 ...
of
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 ...
at
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 ...
in
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
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 ...
. 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.
See also
*
New National Opera House
*
Holmenkollbakken
Holmenkollbakken is a large ski jumping hill located at Holmenkollen in Oslo, Norway. It has a hill size of HS134, a construction point of K-120, and a capacity for 70,000 spectators. Holmenkollen has hosted the Holmenkollen Ski Festival since 18 ...
References
*This article is derived in part fro
this page 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