Aceve

Founded in 1971 in Stockholm, Sweden, Aceve develops AI-driven software for the construction industry. Aceve, formerly known as HVD Group, is a Nordic‑based software company providing industry‑specific digital solutions for the construction and skilled trades sector. In February 2024, HarbourVest Partners and Adelis Equity Partners agreed to acquire Hantverksdata Sverige AB from Adelis Equity Partners' fund II. Aceve offers a portfolio of cloud‑based software solutions tailored to the needs of construction companies and skilled trades businesses.

Its products include enterprise resource planning (ERP) systems, project management and job‑costing tools, accounting and financial management software, and payroll and HR solutions adapted to industry‑specific requirements. The company’s platforms are designed to integrate business operations, streamline administrative workflows, and support compliance and reporting obligations, enabling customers to manage projects, employees, and finances within a single digital ecosystem. Aceve generates the majority of its revenue through a subscription‑based SaaS business model, providing cloud‑based ERP, field service management, and project management software to construction companies and skilled‑trades professionals across Europe. The group earns recurring revenues from monthly and annual software subscriptions, typically priced based on the number of users, selected modules, and customer size, while offering industry‑specific solutions covering project and order management, scheduling, time reporting, procurement, invoicing, documentation handling, and sustainability reporting.

In addition to subscriptions, Aceve derives revenue from non‑recurring implementation and onboarding services, as well as ongoing support and premium service contracts that enhance customer retention and platform adoption. The group further expands revenues through cross‑selling and upselling of additional software modules across its integrated product portfolio, while its active acquisition strategy contributes incremental subscription revenues from newly acquired businesses that are consolidated into the Aceve platform over time.