Lyf og heilsa acquires constrction company Trésmiðjan Börkur


The owners of Börkur hf. have come to an agreement on the sale of a 100% stake in the company to Lyf og heilsa hf. Delivery of the company to its new owners has already taken place. This is Lyf og heilsa’s second acquisition of an established industrial firm. In late 2017 it acquired glass manufacturer Samverk, located in Hella. 

Construction firm Trésmiðjan Börkur was founded in 1986 by Alexander Benediktsson, Ingimar Snorri Karlsson, Hilmar Baldvinsson, and Snorri Bergsson. The company has specialised in the manufacture of high-quality windows and doors in its Akureyri workshop. Today it is one of the largest companies in Iceland in its field, and its customers include many of the largest construction contractors in the country.

Börkur employs a staff of 20 under the leadership of managing director Alexander Benediktsson, who will continue to direct the company. Íslandsbanki acted as advisor to the sellers during the process.

Further information can be obtained from Alexander Benediktsson by telephone at +354 893 5108, or by e-mail at

Older news

Reduced service from 14-17 September

Online banking and app service will be reduced during the period from 14-17 September 2018, during the installation of Íslandsbanki’s new core...More

Islandsbanki hf.: Íslandsbanki issues SEK 500 million 10NC5 Tier 2 bond

24.08.2018 - IR Releases
Íslandsbanki has today issued a SEK 500 million 10NC5 Tier 2 at a spread of STIBOR +250. The bond is expected to be rated BBB- by S&P Global Ratings...More

Islandsbanki hf.: Publication of 1H2018 financial results.

01.08.2018 - IR Releases
Íslandsbanki’s results for the first half of the year exceeded expectations with the Bank delivering a net profit of ISK 7.1bn and an annualised ROE...More

Islandsbanki hf.: Publication of 1H2018 financial results before opening of markets on Thursday 2 August

26.07.2018 - IR Releases
Íslandsbanki will publish its financial results for the first six months of 2018 before the opening of markets on Thursday 2 August.More

Islandsbanki hf.: S&P Global Ratings affirms BBB+/A-2 rating with stable outlook

17.07.2018 - IR Releases
Today, S&P Global Ratings (S&P) has affirmed Íslandsbanki's rating of BBB+/A2 with a stable outlook. More

Euromoney names Íslandsbanki Iceland’s best bank

International financial magazine Euromoney has named Íslandsbanki Iceland’s best bank for 2018. This is the fifth time that the Bank has received this...More

New report on the 2018 World Cup

According to Íslandsbanki's new report on the financial side of the 2018 World Cup in Russia, stadium construction is 150% over budget in rubles. The...More