“The company was named in honor of this Bjarnhéðinn.”

Héðinn’s first premises were at Aðalstræti 6, on the site where the Morgunblaðið building was later constructed. Reykjavík’s first industrial district grew up along Aðalstræti.

Markús Kristinn Ívarsson was born on September 8, 1884. He studied blacksmithing at Eyrarbakki and mechanical engineering at Stýrmannaskólinn í Reykjavík (the Navigation School in Reykjavík) from 1912 to 1913.

Bjarni was born in Reykjavík in 1897. After completing his studies with his father, he went to Denmark, where he studied mechanical engineering and worked for about two years in various departments of the Flydedokken shipyard.

In 1933 it was decided to establish Stálsmiðjan, a partnership between the machine workshops Héðinn and Hamar. Hamar contributed the company Járnsteypan to the venture, which went on to play a major role in Héðinn’s operations, as the foundry became the foundation of Héðinn’s production during and after the mid-20th century.

Héðinn’s premises have changed greatly over the years. At the start, in 1922, the machine workshop had about 60 square meters of floor space at Aðalstræti 6b, but twenty years later, in 1942, the workshop had expanded to 489 square meters at Seljavegur 2. The space grew even further when the later famous Héðinn building was erected on the site.

Sveinn Guðmundsson was managing director of Héðinn for 47 years. His wife was Helga, the daughter of Markús, the company’s founder, and Kristín Andrésdóttir.

The Employees’ Association of Héðinn Vélsmiðja was founded on September 11, 1939. Its purpose was to promote educational activities and strengthen social ties among the staff.