Private company

AF Gruppen

Logo: AF Gruppen, CC BY-SA 4.0, via Wikimedia Commons4

Norwegian civil engineering and construction company

The AF Group ASA (OSE: AFG) (Norwegian: AF Gruppen) is the third largest civil engineering and construction company in Norway. The company headquarters is located in Oslo. The AF Group is listed on the Oslo Stock Exchange.2 It employed 5,805 people in 2025.1 Its revenue was NOK 32 billion in 2025.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1985Founded1
  • Industryconstruction1
  • HeadquartersOslo1
  • Websiteafgruppen.no
  • Legal formallmennaksjeselskap1
  • Listed onOslo Stock Exchange (AFG)1
  • LEI5967007LIEEXZXFU14053
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressStandardveien 1, 0581 Oslo, Norway3
  • Registered withThe Brønnøysund Register Centre, 938 702 6753

The AF Group ASA (OSE: AFG) (Norwegian: AF Gruppen) is the third largest civil engineering and construction company in Norway. The company headquarters is located in Oslo. The AF Group is listed on the Oslo Stock Exchange.2

Corporate structure

AF Gruppen sits at the top of its group. 9 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • AF Gruppen Oslo, Norway
    • AF ENERGI AS Subsidiary · Oslo, Norway
    • AF GRUPPEN NORGE AS Subsidiary · Oslo, Norway
    • AF MILJOBASE VATS AS (AF MILJØBASE VATS AS) Subsidiary · Oslo, Norway
    • AF OFFSHORE AS Subsidiary · Oslo, Norway
      • AERON AS Subsidiary · Flekkefjord, Norway
    • AF OFFSHORE DECOM UK LTD Subsidiary · London, United Kingdom
    • BETONMAST BUSKERUD-VESTFOLD AS Subsidiary · Drammen, Norway
    • BETONMAST ROSAND AS (BETONMAST RØSAND AS) Subsidiary · Averøy, Norway

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

The AF Group was established by Per Ove Aftreth and Leif Jørgen Moger as Arbeidsfellesskapet (AF) in 1985. The company eventually went into the oil and gas sector and built the landfall tunnel from the Troll Field in 1991, among other projects. AF merged with Ragnar Evensen in 1997, one of Oslo's largest contractors, which doubled AF's revenues. The acquisition of real estate-company Odin in 1997 was the basis for the business area Property, and AF built up the business areas demolition and recycling in the years that followed. The company took on the demolition of Sola Refinery in Jæren in 2000, one of the largest demolition projects in Norway. AF eventually became one of Norway's biggest within demolition.

Today, the company is one of the largest providers of energy efficiency and renewable energy production. In 2013, Offshore was established as a separate business area, after several projects in the years before. The Offshore commitment was extended with maintenance and modification, as well as marine and rig services, and new contracts in the North Sea resulted in Environmental Base at Vats, a modern reception facility for decommissioned offshore installations.

Norway

AF Gruppen Industri AS

AF Ragnar Evensen AS

AF Spesialistprosjekt AS

AF Brødrene Holstad

Rolvsrud Utbygging AS

SRG - Scandinavian Rock Group AS

Read the full text

Sweden

AF Anläggning AB

JK Bygg i Göteborg AB

From Wikipedia’s article on AF Group, shared under CC BY-SA 4.0.5

Products and brands

Property

The real estate division is responsible for developing the housing business and manages a number of properties in Eastern Norway and Western Sweden.

Building

The building division of AF supplies new constructions, including residential buildings, office buildings, schools and cultural and institutional buildings.

Civil Engineering

Civil engineering is the largest division in the AF Group. It is divided into three business units: AF Civil Engineering, AF Harbour, AF Oil & Energy and has projects all over Norway, and western Sweden.

Environment

The environment division works with demolition and upgrading of older structures, including offshore installations for which it has built a top-modern decommissioning yard at Vats, near Haugesund. The division has offices in Norway, the United Kingdom and Poland.

Read the full text

Energy

The energy division works with designing, improving and optimizing energy solutions in buildings, constructions and ships and offshore installations. It has offices in Norway and China.

From Wikipedia’s article on AF Group, shared under CC BY-SA 4.0.5

Employees over time

AF Gruppen employees by year15.8K in 2025+6% since 2019
02.0K4.0K6.0K2019: 5.5K5.5K20192020: 5.5K5.5K2020+0%2025: 5.8K5.8K2025+5%
  • 20255,8051
  • 20205,5101
  • 20195,5001

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

AF Gruppen revenue by year132.0B NOK in 2025+41% since 2019
010.0B NOK20.0B NOK30.0B NOK40.0B NOK2019: 22.6B NOK22.6B NOK20192020: 27.0B NOK27.0B NOK2020+20%2025: 32.0B NOK32.0B NOK2025+18%
  • 202532.0B NOK1
  • 202027.0B NOK1
  • 201922.6B NOK1

Net income

AF Gruppen net income by year11.7B NOK in 2025+61% since 2019
0500.0M NOK1.0B NOK1.5B NOK2.0B NOK2019: 1.0B NOK1.0B NOK20192020: 1.4B NOK1.4B NOK2020+41%2025: 1.7B NOK1.7B NOK2025+14%
  • 20251.7B NOK1
  • 20201.4B NOK1
  • 20191.0B NOK1

Timeline

  1. 1985Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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