HENT is a leading construction company that mainly focuses on new construction of public and commercial real estate. HENT focuses on project development, project management and purchasing. To a large extent, its projects are carried out by a broad network of quality-assured subcontractors. HENT conducts projects throughout Norway, has expanded into Sweden and has secured individual projects in Denmark. HENT also conducts property-development operations that focus on housing projects in Norway.
The total construction market in Norway amounts to approximately NOK 310 billion of which newbuild public and commercial real estate accounts for approximately NOK 50-60 billion. The newbuild market is cyclical, but has historically shown good structural growth. The Norwegian construction market is highly fragmented. HENT is one of the leading players and competes with such companies as Veidekke, Skanska, AF-Gruppen, NCC and Peab.
HENT’s most important asset – and its most important sustainability consideration – is its people. The company therefore focuses on issues such as health and safety, working conditions, and employee satisfaction and development opportunities. Being a contributor to ethical business in its industry is also a key priority and goal for HENT. Prequalifcation of subcontractors, procedures for quality management and on-site inspections are some of the means used to achieve this goal. By reducing its environmental footprint in production, the company aims to limit its impact while at the same time leveraging business opportunities by producing sustainable buildings.
Long-term growth initiative
HENT delivers high project delivery quality and a flexible cost structure, which allows matching of costs to demand and managing fluctuations in the cyclical construction market. HENT has demonstrated stable profitability in its projects in recent years and has continuously strengthened its market position. The company has expanded into Sweden and established property development operations. The aim is for these initiatives to strengthen HENT in the long term. Together with the company’s management, Ratos aims to further develop the company and create opportunities for continued organic growth.