VVS & El Firmaet A/S takes over Arssarnerit and MATU Security on 1 April and thereby significantly strengthens its position on the Greenlandic market and at the same time expands its technical competences, the company states in a press release.
– We are very happy with the agreement and with the trust that MT Højgaard Holding shows us. Arssarnerit is a well-known and respected company in Nuuk, and we look forward to continuing and developing the solid professionalism and the strong local foundation, says Jesper Bredahl, director, VVS & El Firmaet A/S.
VVS & El Firmaet A/S takes over Arssarnerit and MATU Security on 1 April and thereby significantly strengthens its position on the Greenlandic market and at the same time expands its technical competences, the company states in a press release.
– We are very happy with the agreement and with the trust that MT Højgaard Holding shows us. Arssarnerit is a well-known and respected company in Nuuk, and we look forward to continuing and developing the solid professionalism and the strong local foundation, says Jesper Bredahl, director, VVS & El Firmaet A/S.
The new owner of Arssarnerit takes over the ongoing activities – including warranty work for the majority of the delivered projects. In addition, VVS & El Firmaet A/S, in close cooperation with MT Højgaard, will assist in completing certain ongoing projects, so that continuity and a proper handover process is ensured, it is stated.
50th anniversary
The month after the company has new owners, Arssarnerit can invite you to a 50th anniversary with a reception/open house at Hotel Hans Egede on 30 April at 3 p.m.
VVS & El Firmaet A/S is a well-established Greenlandic company with more than 20 years of experience in plumbing and electrical work. The company has built up a special reputation in the Disko area over decades and is capable of delivering a wide range of technical installations.
It is stated that the acquisition of Arssarnerit is an important strategic step in VVS & El Firmaet A/S continued development, which gives the company a strengthened starting point to serve customers on the entire west coast with a special focus on Ilulissat, Aasiaat and the Nuuk area.
– With the integration of Arssarnerit, we get both skilled employees and strong technical resources on board. It gives us the opportunity to expand our activities and offer even better services to our customers – without compromising on quality or local values, says director Jesper Bredahl.
Blood red accounts
Way back in October 2022, it was announced by MT Højgaard Holding that it wanted to sell Arssarnerit. The sales process has been slow, and it thus took more than three years before MT Højgaard succeeded in getting rid of the Greenlandic engineering company.
Arssarnerit has had a good reputation in construction circles and is an old, honored Greenlandic company which, like its sister company MT Højgaard Grønland, has suffered financially, especially in 2022-24 due to significant losses on several very large construction contracts.
In the financial year 2024, the annual result was a deficit of DKK 87 million. The year before, there were also red numbers on the bottom line, with a deficit of DKK 82 million. From the 2024 accounts, it appears that the engineering company had an average number of full-time employees of 181.
Several years of millions of profits
VVS & El Firmaet A/S is a well-run company from Ilulissat. Throughout the past three financial years, the company has delivered double-digit million profits. In 2022, the annual profit ended at almost DKK 11 million. DKK and the following year it was almost DKK 16 million. From the latest accounts from 1 April 2024 to 31 March 2025, it appears that over DKK 16 million was rounded off. DKK in profit and had 100 employees.
The owners behind VVS & El Firmaet are Jesper Leed, Jesper Hjort Hansen – both from Ilulissat – and the contractor KJ Greenland A/S.
