Baneservice AS
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Baneservice AS - overview
Established
2005
Location
Oslo, -, Norway
Primary Industry
Construction
About
Based in Norway, Baneservice AS specializes in railway contracting, delivering comprehensive machine and contracting services aimed at enhancing railway infrastructure and maintenance for public sector clients. Founded in 2005, Baneservice AS operates as a premier railway contractor in Oslo, Norway. The company focuses on providing essential services for railway operations, catering to public sector clients, including government agencies. The firm has maintained a steady operational focus and has not undergone significant strategic pivots or structural changes since its inception.
Baneservice is not known to have subsidiaries and is not a result of a merger or carve-out. The founder's history, along with any previous entrepreneurial ventures, is not available. Baneservice operates as Norway's leading railway contractor, specializing in comprehensive machine and contracting services for railway-related activities. The company’s core offerings focus on delivering high-quality jernbanetekniske (railway technical) services, supported by a team of skilled professionals with extensive experience in all aspects of railway engineering.
Their services target public sector clients, including government agencies and infrastructure authorities, facilitating the construction, maintenance, and upgrading of railway systems. Baneservice’s commitment to sustainability is evident in its goal to reduce greenhouse gas emissions by 55% by 2030, aligning with global best practices in sustainability. Geographically, the company primarily serves the Norwegian market but is also expanding its footprint into other Nordic regions, enhancing its ability to tackle large-scale projects across multiple locations. Baneservice reports a revenue of 2.
4 billion NOK, primarily generated through contracts with public sector clients and private enterprises in the railway sector. The structure of transactions typically involves direct contracts for services rendered on various projects, ranging from routine maintenance to extensive infrastructure upgrades. Baneservice may also engage in partnerships with other firms to deliver specialized services or subcontracting arrangements to optimize project efficiency. The revenue model is centered around project-based contracts, where fees are determined based on the scope and complexity of the work involved.
Additional revenue streams may arise from long-term maintenance agreements and consultancy services related to railway operations and sustainability initiatives, further solidifying Baneservice’s market position.
Primary Industry
Construction
Sub Industries
Facilities & Maintenance Services, Engineering, Construction, Telecoms Towers & Infrastructure
Website
www.baneservice.no
Verticals
Infrastructure
Total Amount Raised
Subscriber access only
Baneservice AS - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 662,247,000,000 | 827,634,000 | 730,127,000 | 826,567,000 | 1,237,326,000 | 1,641,254,000 | 1,567,993,000 | - | - | - |
| % Revenue Growth (YoY) | - | (99.9%) | (11.8%) | 13.2% | 49.7% | 32.6% | (4.5%) | - | - | - |
| EBITDA (USD) | 69,560,000,000 | 100,987,000 | 74,883,000 | 86,596,000 | 131,022,000 | 230,981,000 | 191,542,000 | - | - | - |
| Operating Income (USD) | 56,310,000,000 | 87,105,000 | 45,387,000 | 54,175,000 | 71,775,000 | 112,947,000 | 111,966,000 | - | - | - |
| Operating Margin | 8.5% | 10.5% | 6.2% | 6.6% | 5.8% | 6.9% | 7.1% | - | - | - |
| % EBITDA Margin | 10.5% | 12.2% | 10.3% | 10.5% | 10.6% | 14.1% | 12.2% | - | - | - |
| NET Income (USD) | 45,667,000,000 | 68,058,000 | 31,734,000 | 37,943,000 | 42,884,000 | 77,316,000 | 82,581,000 | - | - | - |
| % Net Margin | 6.9% | 8.2% | 4.3% | 4.6% | 3.5% | 4.7% | 5.3% | - | - | - |
Baneservice AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | Elektrosignal Infra Sthlm AB | - | ||||||||
| Trade Sale | Announced | Ratatek Oy | - |
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