Nydalens Compagnie was a company in

Nydalen Nydalen is a neighbourhood in the Nordre Aker borough in northern Oslo, Norway. History In the late 19th century, the banks of the Akerselva River were dotted with various industrial buildings, Nydalen included. However, a transformation soo ...

Oslo, Norway Oslo ( or ; ) is the Capital city, capital and List of towns and cities in Norway, most populous city of Norway. It constitutes both a Counties of Norway, county and a Municipalities of Norway, municipality. The municipality of Oslo had a populat ...

. It was founded in 1845 as a textile manufacturer, and from 1963 to 1998 it was a real estate company.

History

It was founded in 1845 by Adam Hiorth,

Ole Gjerdrum Ole Eliassøn Gjerdrum (22 April 1785 – 29 January 1858) was a Norwegian jurist, civil servant and businessperson. Career He was born in Stange Municipality, Stange. He was a clerk for the district stipendiary magistrate until 1811. He then wor ...

, Hans Gulbranson and Oluf N. Roll as Nydalens Bomuldsspinderi. The name was changed in 1867, when it also became a limited company. It was listed on

Oslo Stock Exchange Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed ...

in 1942. The year 1845 has been called the starting point of early industrialization in Norway. This is because of the founding of Nydalens Compagnie, and in addition the factory Vøiens Bomuldsspinderi was being built. The textile manufacturing at Nydalens Compagnie began in 1847, and between the 1890s and the 1940s Nydalens Compagnie was the largest textile company in the country with about 1100 employees. The production workers were mainly women and children, with a few men as supervisors and maintenance workers. The company adopted a system of industrial paternalism, offering houses for the employees and social institutions, including a primary school for children. The children typically started working at the factory at the age of nine, normally spending half the day at work and the other half at school. Factory manager Otto Gjerdrum founded a youth club and a ski club, and organized Christmas Balls at the school. Textile production ceased in 1963, whereupon Nydalens Compagnie continued as a real estate company. In 1992 it incorporated

Bergen Bergen (, ) is a city and municipalities of Norway, municipality in Vestland county on the Western Norway, west coast of Norway. Bergen is the list of towns and cities in Norway, second-largest city in Norway after the capital Oslo. By May 20 ...

-based Investa Eiendom, and had headquarters in Bergen for one year. It was sold to Anders Wilhelmsen & Co in 1993 and moved back to Oslo. It was incorporated into another real estate company owned by Anders Wilhelmsen & Co, Linstow, in 1998. The former textile production facilities, "Nydalen Park", had already in 1996 been sold to the estate

Avantor Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as ''J.T. Baker'', the company changed its name to ''Avantor'' in 2010. Avantor went public in 2019 and i ...

References

{{Authority control Manufacturing companies established in 1845 Defunct manufacturing companies of Norway Companies disestablished in 1998 Textile companies of Norway Real estate companies of Norway Companies based in Oslo Akerselva Norwegian companies established in 1845