Peab AB (Peab) is a construction and civil engineering company. It is involved in a wide range of activities, including the construction of housing, public and commercial premises, infrastructure projects such as roads and bridges, and the development of entire city districts. Peab focuses on contract work for both external and internal customers, including new housing production, renovations and expansions, and construction maintenance. The company also builds and maintains infrastructure such as roads, railroads, and bridges, with a strong focus on public sector projects. It delivers products and services for construction and civil engineering projects, including asphalt, concrete, and prefabricated elements, under brands such as Swerock, Lambertsson, Smidmek, Byggelement and Peab Asfalt . Peab operates through a network of approximately 150 local offices across the Nordic region, organized into eleven regions in Sweden, three in Norway, and two in Finland. It has specialized housing production units in Stockholm, Gothenburg, and the Oresund region.

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Peab has undertaken several R&D initiatives focused on providing added value to society, customers, and stakeholders through collaboration with universities, colleges, and trade organizations. The company participates in strategic, innovative, and operative programs to improve or develop new products, services, and production processes. Key areas of development include ECO-products like ECO-Concrete to reduce climate impact, circular material projects, biodiversity in the rock material industry, and fossil-free steel in collaboration with SSAB. Peab AB is also researching alternative binders for concrete and asphalt and carbon dioxide storage in building materials. The company collaborates with institutions such as Luleå University of Technology, The Faculty of Engineering in Lund, KTH Royal Institute of Technology in Stockholm, and Chalmers in Gothenburg on various projects related to sustainable construction, digitalization, and resource efficiency. Peab AB is involved in local collaborations like LFM30 and innovation programs such as IQ-Samhällsbyggnad, InfraSweden, and Smart Built Environment. The company has established a systematic approach through its Products and Technology function to validate and implement new products and methods. The R&D unit of Peab AB is the Products and Technology function, which is responsible for developing products and methods through gradual validation before implementation in projects. A technical advisory board ensures evaluations are based on predetermined criteria.