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04/2026

H.A. BYGG ENTREPRENAD acquired by AF GRUPPEN

FINLAND Construction / Structural Works / Masonry & Civil Eng. EV 100M - 350M SEK

Context

AF Gruppen has completed the acquisition of a 70% majority stake in H.A. Bygg Entreprenad through its subsidiary, AF Bygg Syd. This strategic transaction is designed to strengthen the group’s specialized concrete operations within the Swedish market, specifically targeting the growing niche of water and wastewater treatment infrastructure. The remaining stake will be retained by the target’s employees, ensuring the preservation of the organization’s specialized workforce and operational continuity. The strategic rationale for the acquisition centers on the integration of a leading regional player with a strong track record of operational performance and technical excellence in reinforced concrete. By absorbing this specialist platform, the group enhances its structural engineering capacity and establishes a more robust competitive position for large-scale infrastructure tenders in Western Sweden.

H.A. BYGG ENTREPRENAD, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

H.A. Bygg Entreprenad is a specialist construction contractor focused on high-complexity concrete engineering and reinforced structural works. The organization’s business model is centered on providing critical structural solutions for the Swedish civil engineering market, specifically targeting the infrastructure and industrial building sectors. Its value proposition is built on technical expertise in large-scale concrete installations, with a strategic focus on the construction of mission-critical water and wastewater treatment facilities. Strategically, the firm prioritizes regional leadership in Western Sweden, leveraging decades of operational history to secure long-term project pipelines with public and private sector clients. By maintaining a highly qualified workforce and an uncompromising approach to safety and ethical standards, the entity facilitates the development of durable public infrastructure. The organization operates as a technical partner for complex engineering projects where structural integrity and regulatory compliance are paramount to project success.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (SEK)

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2024
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2023
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REFERENCES

Valuation range: EV 100M - 350M SEK

Revenue range: 250M - 500M SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of H.A. BYGG ENTREPRENAD by AF GRUPPEN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: af gruppen