Our Story

The Beginning

Rafeyri Ltd. was founded in 1994 from the basis of the electrical department of Slippurinn Akureyri (Shipyard of Akureyri).
Jónas M. Ragnarsson is the company master electrician with both B- and A-certification.
Rafeyri is located at Norðurtangi 5, 600 Akureyri, ICELAND.


For many years, the fishing industry has been the cornerstone of Rafeyri's business. The company specializes in business and procurement work, with a particular focus on high-voltage electrical installations. While the company primarily serves individual clients with small-scale projects, it has recently established a technical department to manage bidding, drawing, and design work for both current and future projects.

Rafeyri operates throughout the country, with a primary focus on the Eyjafjörður area where most of its work is produced. However, the company has also expanded its operations overseas to neighboring countries. The board of directors is led by Chairman Davíð Hafsteinsson, an electrical technician, alongside Jónas M. Ragnarsson, a master electrician, and Gunnar E. Gunnarsson, an electrician. The CEO, Kristinn Hreinsson, is a specialist in operations management.

Rafeyri's biggest projects to date have included the expansion and improvement of the Lagarfossvirkjun power station and the construction, installation, and setup of a new factory for Becromal S.p.A. in Krossanes, Akureyri. The company has experienced considerable growth in recent years and employed a workforce of around 70 in 2022. Its largest suppliers include Johan Rönning, Ískraft, and Reykjafell.


Owners of the company are eight. They are Davíð Hafsteinsson, Jónas M. Ragnarsson, Gunnar E. Gunnarsson, Guðmundur Blöndal, Þorkell Björnsson, Björn Ó. Björnsson, Ingvi Björnsson and Línhúsið. The fist four are among the founders of Rafeyri and have been with the company from the beginning.
In 2002 Rafeyri ltd. and Bláþræðir ltd. joined forces under the name of Rafeyri and the later three got a share in the company.
2014 operation of Línhúsið emerged in Rafeyri and it got a share in Rafeyri.


Rafeyri has been fortunate to have a team of experienced and ambitious employees who bring a wealth of knowledge and expertise to the company. The workforce is adorned with certificates in various fields, including electricians, electrical engineers, mechanics, electro-mechanics, technicians, industrial electricians, and engineers. At Rafeyri, there is a strong emphasis on the growth and development of employees. The company encourages its staff to stay informed about the latest technologies and techniques in their respective fields and to attend professional conferences and seminars. By prioritizing ongoing education and professional development, Rafeyri ensures that their employees remain one step ahead of the competition. As a result, Rafeyri has built a reputation as a progressive company with a team of professionals who can offer solutions to fit any project or problem.

Heart of Rafeyri

Rafeyri Ltd. has made significant contributions, both large and small, to support various organizations and donor projects. The company's commitment to giving back is a reflection of their values and a testament to their generous spirit. In fact, the heart of Rafeyri is in the right place - quite literally! The company installed an illuminated heart on Vaðlaheiði mountain, located across from Akureyri. This stunning landmark has become a beloved symbol of hope and positivity for many residents of Akureyri, particularly during the dark winter months. Although the heart has not been active for a while, Rafeyri is working with the local community to restore it and ensure it becomes a permanent fixture for generations to come.

Social life

Happiness and positive morale are defining characteristics of life at Rafeyri. The company's owners have been at the forefront of fostering this environment, and have consistently supported the social lives of their employees. In addition to offering generous benefits and incentives, Rafeyri is dedicated to organizing engaging activities for their workforce. These activities include biennial trips abroad, pre-Christmas parties, golf and bowling tournaments, fly-fishing seminars, and family camping trips. By prioritizing employee well-being and happiness, Rafeyri has cultivated a culture of positivity and unity within their organization.