Founded in 1957 and based in Larvik, Norway, Arne Olav Lund operates as a construction contractor in the civil engineering industry. The company focuses on projects in eastern Norway, including the production and improvement of roads, water, and wastewater systems, as well as groundwork and landscaping. In November 2022, Peab acquired a majority stake in Arne Olav Lund, although the terms of the transaction were not disclosed.