Kaern Development AS

Group structure · 2025

8 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.

No owner holds more than half of the shares in Racce AS.

Group accounts. Racce AS for 2025: index 68 of 100, number 9 of 33 groups. See the group accounts

• Racce AS operating · Revisjon, regnskap og rådgivning

  • Esmar AS 90% owned · not in our data

    • Kaern Development AS you are here 100% owned · not in our data
    • Org. no. 930887250 71% owned · not in our data
    • Kaern AS 100% owned · not in our data
    • Kaern Solutions AS 100% owned · operating · Bergverk og utvinning
    • Norse Norge AS 100% owned · not in our data
    • Vitalis Invest AS 76% owned · not in our data

Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.

Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.