We work according to high ethical standards, we keep our promises, and deliver on agreed time, budget and quality. For us, promises exist to be kept.
The most ambitious infrastructure builder in the Nordics
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Nordic employees 20240BNOK
Nordic revenue 20240%
Reduction of GHG emissions per yearAn explorer is born
NRC Group is founded in Norway.
The expanding journey starts
We acquired 14 companies in total towards 2019, to enable us to provide the entire value chain for building and maintaining rails.
Listed on Stock Exchange
We are listed on Oslo Stock Exchange. This is also the year we expand to Sweden.
Taking a leading position
We expand to Finland by acquiring VR Track. Through this acquisition, we establish a leading position in the Nordics.
New strategy
We present our new strategy with focus on profitable growth through operational improvement and by capitalising on a leading position and a strong market outlook.
A major Nordic company in the making
After a decade of growth, we are established as a leading player in the field of rail infrastructure in Norway, Sweden, and Finland. We will continue our growth journey and challenge the industry, when connecting cities and people in more efficient and sustainable ways.
Our new strategy: Formula One
On May 23rd, 2024, NRC Group launched its new strategy and ambitions for the next four years, positioning itself as the most ambitious infrastructure builder in the Nordics. Our strategy emphasizes growth and value creation, with focus on three key success factors: building excellence, building efficiency and building culture.
Agile enough to adapt quickly, experienced enough to lead the way
NRC Group engineer, build and maintain critical infrastructure solutions. By thinking differently, we've become the leading rail infrastructure company in the Nordics. Now, we are expanding our focus beyond rail. We are leveraging our unique expertise to provide new solutions for complex projects in the rail, civil and maintenance markets. Collaborating across the Nordics, we share best practices, integrate sustainability, and use new tech to create ambitious solutions – on behalf of our people, customers, partners and society.
Our core values
We deliver infrastructure, not bureaucracy. We are driven by a strong commercial mindset.
We care for the safety of our employees and suppliers. We make sure to plan and act for the safety of people and our society.
Tomorrow in the making
Executive management
Anders Gustafsson
CEO
Gustafsson has more than 30 years of industrial experience. He previously held various management positions at NCC. From 2017 - 2023 he was the President and CEO at Svevia, a Swedish company, specialised in road and construction work. He holds a Master of Science degree in Economics with Business Administration as the main field of study and an Executive MBA from the University of Stockholm. Gustafsson has been CEO of NRC Group since October 2023. He also serves as Chair of the Board of Terranor. Anders Gustafsson holds 441,524 shares, and 110,000 share options in NRC Group ASA.
Åsgeir Nord
CFO
Nord comes from the position of CFO at Nettpartner, a Norwegian company that builds and maintains infrastructure for power supply and railways. Before joining Nettpartner in 2013, Åsgeir Nord worked in the private equity sector for 10 years. He served as a partner for Incitia Ventures from 2006 to 2013 and as an investment director for Reiten & Co from 2003 to 2006. Nord has a solid background in finance and liquidity management, project control, mergers and acquisitions, and improvement programs. Åsgeir Nord holds a Master's Degree in Natural Sciences from the Norwegian University of Science and Technology (NTNU). Nord holds 50,000 share options and 135,094 shares in NRC Group ASA.
Lene Engebretsen
EVP & Head of Strategy, Sustainability and Communications
Engebretsen comes from the position as Director for Internal Communications Europe in Cognizant. She has been responsible for strategic communications and change management lead for several large projects the last years. Her previous roles in Cognizant include Director of Business Relations and Head of Communications. Before joining Cognizant in 2016, she held positions as Head of Communications for different tech and media companies. Lene holds a Master of Finance degree from BI Norwegian Business School (2002). Lene Engebretsen holds 105,000 share options and 9,259 shares in NRC Group ASA.
Marianne Ulland Kellmer
EVP & Head of People, Culture and Digitalisation
Kellmer comes from the position as HR Director for NRC Group Norway, and before joining NRC Group she was Nordic HR Transformation Specialist in Oracle. Since 2007 Kellmer has held various HR leadership roles in different industries, and among others she has been Head of Group HR in the Norsk Gjenvinning Group, HR Manager in Scandic hotels and Organizational and Communications Manager within the public transportation sector in greater Oslo region. Marianne holds a Bachelor Degree in Service Management from the University of Stavanger, Norway. Marianne Kellmer holds 64,000 share options and 19,375 shares in NRC Group ASA.
Harri Lukkarinen
EVP & MD NRC Group Finland
Lukkarinen has more than 20 years of railway industry experience. He was previously CEO of VR Track Oy and Director for infrastructure projects at CMC Terasto Oy which was part of Pöyry Group. He served as a management team member of VR Group. Lukkarinen has been Managing Director of NRC Finland since January 2019. Harri holds a Master of Science in Civil Engineering from Tampere University of of Technology. Harri Lukkarinen holds 173,000 share options and 16,962 shares in NRC Group ASA.
Tomas Johansson
EVP & MD NRC Group Sweden
Johansson has an extensive career from senior leadership roles within infrastructure and industrial solutions both from Skanska and Svevia. From 2017 – 2024 he was a Division Manager for the Industry Division at Svevia, a Swedish company, specialised in road and construction work. He brings a strong track record from operationalising strategies and improving performance. Johansson started as EVP & MD in NRC Group Sweden in September 2024. Tomas holds 50,000 share options and 15,094 in NRC Group ASA.
Ingvild Storås
EVP & MD NRC Group Norway
Ingvild Storås comes from the position as CEO of CargoNet and Executive Vice President for Freight in the Vy Group. Before that, she was CEO of Baneservice AS from 2012 to 2022 and has held leadership positions in the construction and civil engineering industry, including at Block Watne, Mesta, and the Norwegian Public Roads Administration (Statens vegvesen).
Storås holds a Master of Science in Engineering from NTH (now NTNU) in Trondheim. She started as EVP & MD in NRC Group Norway in January 2025.
Board of Directors
Martin Mæland (1949)
Chairman of the board
Martin Mæland has an extensive senior management and board background from real estate, construction, and finance, with over 40 years of experience. He served as CEO of OBOS BBL for 32 years and has held numerous board leadership roles, including Chairman of Veidekke ASA (2009–2019), Public Property Invest ASA, and Consto Holding AS. Mr. Mæland currently serves as Chairman or board member across several companies including BaneNor Eiendom AS og Fjellhamar Bruk AS. He holds degrees in mathematics, computer science and economics from the University of Oslo. Member of the Board of NRC Group since May 2025. Mæland holds 220,000 shares in NRC Group.
Stine Undrum (f 1969)
Board member
Stine Ilebrekke Undrum has over 30 years of senior management experience from the construction, engineering, and transport sectors. She has held several executive leadership roles, including EVP of the Construction Division at Bane NOR, and currently serves as Group Executive Vice President for SPIN at OneCo. Ms. Undrum has broad experience in strategic planning, project execution, and organizational development, and is highly skilled in contract management, risk management, and business process improvement. She holds a civil engineering degree and has extensive knowledge of project implementation and governance models. She also serves as Chair of the Board of OneCo Infra. Member of the Board of NRC Group since May 2025.
Ståle Rodahl (1964)
Board member
Ståle Rodahl has a broad background in the financial industry for 35 years and is an experienced entrepreneur and investor. He has held executive roles in investment banking across New York, London, and Oslo, including positions at Alfred Berg, ABN Amro, and ABG Sundal Collier. Mr. Rodahl joined SeaBird Exploration Plc in 2019 as Executive Chairman to lead its turnaround and founded Green Minerals in 2020, where he also serves as Executive Chairman. He has previously held board directorships across several industries and brings expertise in strategy, mergers & acquisitions, and corporate leadership & governance. Mr. Rodahl holds an MSc in Finance from BI Norwegian Business School, with additional studies at the London School of Economics and NASD in New York. Member of the Board of NRC Group since May 2025.
Outi Henriksson (1969)
Board member
Outi Henriksson has an extensive Executive Management and CFO background from banking and finance, transportation and telecom services. She has Board and CFO experience from several publicly listed and private/private equity owned companies in Finland, Sweden and Norway and has over 20 years of experience as CFO, most recently 2017-2024 at Aktia Bank Plc and prior to that in VR Group and several other companies. Ms. Henriksson currently serves as a Board member and Chairman of the Audit Committee in Patria Plc, Etteplan Plc. and HKFoods Plc.
Member of the Board of NRC Group since May 2021. Henriksson holds 45,000 shares in NRC Group.
Espen Almlid (1978)
Board member
Espen Almlid has extensive senior management experience from project management, infrastructure, transportation, and consulting, including five years at Bane NOR as Finance Director and later as Deputy EVP for the Construction Division and ultimately Head of the Technical Department. Since 2022, Mr. Almlid has served as EVP of the Construction division at Nye Veier. He also has 10 years of consulting experience from PwC and KPMG, including transaction services and as Director of Governance, Risk and Compliance (GRC) services at KPMG. Mr. Almlid is a state authorised auditor and holds three master’s degrees in finance, strategy and accounting. Member of the Board of NRC Group since May 2025