This thesis focuses on different aspects of the pricing of industrial services, i.e. what are the problems with industrial service pricing, how can these problems be overcome, what are the factors affecting pricing decisions, and how can pricing mechanisms be constructed for industrial services. Product manufacturers and industrial suppliers increase their scopes of supply by including services into their offerings. Currently, industrial markets are experiencing increased global competition and declining margins, and therefore suppliers are trying to differentiate themselves by developing industrial solutions. These solutions combine physical goods and services to better fulfill customer needs, achieve higher margins and business stability, satisfy the customers' growing demands, and sustain their competitiveness by differentiating their offerings from the competitors.