Peab Sverige AB is one of Sweden’s major construction and civil engineering firms, operating extensively in the Stockholm area and across the Nordic region. The company originated in 1959 when brothers Mats and Erik Paulsson began by helping local farmers with refuse collection, later moving into construction. Peab is now the largest construction group in Sweden, and among the largest in the Nordic countries, employing approximately 13,000 people, with annual net sales of about SEK 58–59 billion.
The company is structured into four main business areas: Construction, Civil Engineering, Industry, and Project Development. These areas cover a wide spectrum of activities, from building housing and commercial properties to infrastructure projects such as roads, bridges, and public facilities. Notably, Peab has played a central role in shaping Stockholm’s urban landscape, having been involved in high-profile projects like Arenastaden and Scandic Victoria Tower in Kista.
While Peab’s headquarters are in Förslöv, southern Sweden, the group maintains significant operations and offices in and around Stockholm. Approximately 80% of its revenue stems from Sweden, reflecting its national focus. The company follows a model of local engagement, aiming to use regional resources and personnel for its projects.
Despite its prominent status, Peab’s history includes some controversial moments, such as bribery scandals linked to major Stockholm projects. Nevertheless, its fundamental emphasis remains on large-scale construction and civil engineering, shaping communities throughout Sweden.