Nordisk Bergteknik’s vision is to be a leading player in rock handling and foundation solutions in the respective national markets. In most cases, Nordisk Bergteknik acts as a strategic partner with specialist expertise in various niches. The group mainly works with a diversified portfolio of many small and medium-sized projects.
Vision and strategy
Vision
Nordisk Bergteknik’s vision is to be a leading player in rock handling and foundation solutions in the respective national markets. The Group shall be characterised by a strong culture, distinct entrepreneurial spirit, decentralised structure, as well as high efficiency and quality.
Strategy
Strategic partner
In most cases, Nordisk Bergteknik acts as a strategic partner that delivers parts of a larger assignment for main contractors in the construction industry, who then in turn may deliver to private companies, the public sector, or even to their own inhouse projects.
The Group’s largest primary customer group includes major construction and building contractors, and in about three quarters of Nordisk Bergteknik’s assignments, in terms of sales, the end customer is the public sector. The Group also performs assignments for private players in industries such as mining, construction, and wind farming.
Growth
Nordisk Bergteknik will grow both organically and through acquisitions. The company’s ambition is to acquire locally leading and profitable players that complement and strengthen the Group’s current offering and geographical presence.
The strategy can be divided into four parts:
- Strengthen the current position in the local or regional market.
- Expand the existing range of services.
- Establish itself in new geographical submarkets.
- Continue to grow through acquisitions.
Strengths and competitive advantages
- Significant market with expected strong long-term growth.
- Market leader with high and growing barriers to entry.
- Sustainability, safety, and productivity are at the core of the business.
- Diversified project and customer portfolio that lowers the risk level and enables stable earnings over time.
- Fragmented market with many possible additional acquisitions that have a significant potential for synergies.
Business model
The Group mainly works with a diversified portfolio of many small and medium-sized projects that are usually invoiced monthly and on an ongoing basis, which underpins the low level of risk in the business. Customer losses have historically been very low. The basis for success of Nordisk Bergteknik’s operating companies relies on a close, and often long, customer relationship. Nordisk Bergteknik strives for long-term relationships and to have the industry’s most satisfied customers, which is accomplished by distinct customer focus, close cooperation, and sustainable deliveries of the highest quality.
