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AF Gruppen's Overview

Total employees1213
HeadquartersOslo
Founded1985

AF Gruppen (AFG) is one of Norway's largest contracting and industrial groups, with operations spanning civil engineering, construction, property development, energy, environmental services, and offshore. The company is committed to creating value for its customers, owners, and society through innovative and sustainable solutions. AF Gruppen operates primarily in Norway and Sweden, undertaking a wide range of projects from complex infrastructure to specialized industrial services.

Where is AF Gruppen's Headquarters?

HQ Function

Serves as the central hub for AF Gruppen's corporate management, strategic planning, financial operations, and group-wide support functions.

Notable Features:

Located in a modern business park area, designed to facilitate collaboration and efficient operations. The building reflects contemporary Scandinavian design principles.

Work Culture:

Professional, innovative, and results-driven, with a strong emphasis on project execution, safety, sustainability, and employee development. Collaboration across diverse business units is encouraged.

HQ Significance:

The headquarters is pivotal for coordinating the group's extensive operations across Scandinavia, driving its strategic initiatives, and maintaining relationships with key stakeholders.

Values Reflected in HQ: The headquarters' design and functionality likely reflect AF Gruppen's values of thoroughness, profitability, and a forward-looking, entrepreneurial spirit.

Location:

AF Gruppen's primary operational focus is within Scandinavia, particularly Norway and Sweden. They support a comprehensive range of functions globally relevant to their core business areas: civil engineering, construction, property development, energy solutions (including offshore wind), and environmental services (like demolition and recycling). While their physical office presence is concentrated in Scandinavia, their offshore and specialized environmental services may involve project execution on a broader international scale, depending on contract locations.

Street Address:

Innspurten 15

City:

Oslo

State/Province:

Oslo

Country:

Norway

AF Gruppen's Global Presence

Solna, Sweden

Address: Englundavägen 7, 171 41 Solna, Sweden (AF Gruppen Sverige AB)

To spearhead AF Gruppen's growth in the Swedish market, manage local projects effectively, and ensure tailored service delivery to Swedish clients and partners.

Stavanger, Norway

Address: Maskinveien 26, 4033 Stavanger, Norway (Example address for regional presence)

To provide localized project management, operational support, and business development for AF Gruppen's activities in the vital Rogaland region, particularly for the offshore and energy sectors.

Trondheim, Norway

Address: Vestre Rosten 77, 7075 Tiller, Norway (Example address for regional presence)

To cater to the specific needs of the Trøndelag market, ensuring close client relationships and efficient project execution in the region.

Buying Intent Signals for AF Gruppen

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of AF Gruppen

As of April 2025, AF Gruppen' leadership includes:

Amund Tøftum - Chief Executive Officer (CEO)
Sverre Hæsken - Executive Vice President (EVP) and Chief Financial Officer (CFO)
Eirik Wraal - EVP Building and Property
Geir Flåta - EVP Civil Engineering
Tormod Solberg - EVP Energy and Environment
Bård Konrad Frydenlund - EVP Sweden and Betonmast
Ida Aall Gram - EVP People and Sustainability

Investors of AF Gruppen

AF Gruppen has been backed by several prominent investors over the years, including:

OBOS BBL
AF Ragnar Evensen AS
Folketrygdfondet
Swedbank Robur Fonder
State Street Bank and Trust Company

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits0

AF Gruppen has seen some strategic appointments to its executive team over the past year, aiming to strengthen key growth areas and corporate functions. Stability in top leadership like CEO and CFO has been maintained.

New Appointments:

Tormod Solberg, Tormod Solberg appointed as new EVP for Energy and Environment, bringing extensive experience to drive growth in these strategic areas.
Ida Aall Gram, Ida Aall Gram joined as EVP People and Sustainability, tasked with enhancing AF Gruppen's focus on human capital and sustainable practices.

Technology (Tech Stack) used by AF Gruppen

Discover the tools AF Gruppen uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

AF Gruppen Email Formats and Examples

AF Gruppen primarily uses the firstname.lastname@afgruppen.no email format. This is a common structure for corporations in Scandinavia and allows for easy identification and contact.

firstname.lastname@afgruppen.no

Format

amund.toftum@afgruppen.no

Example

90%

Success rate

News and media

AF Gruppen NewsMay 15, 2024

AF Gruppen: Good activity and improved profitability in the first quarter

AF Gruppen reported revenues of NOK 9,273 million (Q1 2023: NOK 7,856 million) and a profit before tax of NOK 324 million (Q1 2023: NOK 172 million) for the first quarter. The order backlog was NOK 40,704 million....more

AF Gruppen NewsApril 26, 2024

AF Anlegg, part of AF Gruppen, chosen for new E6 southern section

Nye Veier has chosen AF Anlegg for the contract E6 Moelv-Roterud. The contract is a turnkey contract and has an estimated value of around NOK 2.9 billion excluding VAT....more

AF Gruppen NewsFebruary 14, 2024

AF Gruppen: Strong finish to the year

AF Gruppen reported revenues of NOK 37,001 million (2022: NOK 30,913 million) and profit before tax of NOK 1,228 million (2022: NOK 930 million) for 2023. This corresponds to a profit margin of 3.3% (2022: 3.0%). A dividend of NOK 7.00 (3.50 + 3.50) per share is proposed for 2023....more

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