Elektrim

What Elektrim does

Elektrim S.A. is a Warsaw-headquartered Polish holding company founded in 1945, operating across three core sectors: energy, telecommunications, and real estate. Following its delisting from the Warsaw Stock Exchange in 2008 and the subsequent termination of bankruptcy proceedings, the company functions as a privately controlled investment vehicle, with 85.02% of shares held by Cyprus-domiciled STASALCO LTD. The group's most material asset is a 40-hectare mixed-use real estate development in central Warsaw executed through subsidiary Port Praski Sp. z o.o., alongside energy holdings that include ZE PAK SA and PAK-Volt SA, and industrial contracting exposure through Mostostal-Export.

The company's economic model is that of an asset-holding parent rather than an operating business: value is generated through the development, management, and eventual monetization of subsidiary assets, supplemented historically by international power and telecommunications project activity. There is no disclosed go-to-market, pricing model, or end-customer revenue stream at the parent level; revenue mechanics for the group are indirect, routed through subsidiaries in real estate sales or rentals, energy generation, and contracting services. With 11–50 employees, the headcount is consistent with a holding-company structure rather than scaled operations.

In December 2021 the company entered pre-agreements with Polsat Plus Group on green energy initiatives, signaling a directional shift toward renewable energy alongside its legacy generation portfolio. The combination of long-dated real estate development, energy holdings, and a single controlling shareholder defines a business that is asset-led, capital-structure-sensitive, and not technology-driven.

Name

Elektrim

Legal name

Elektrim S.A.

Website

https://elektrim.pl

Company type

Public

Founded year

1945

Operating status

Operating

Headcount range

11–50 employees

Short description

Elektrim S.A. is a Warsaw-based Polish holding company, majority-owned by Cyprus-domiciled STASALCO LTD, operating in energy, telecommunications, and real estate, with its primary asset being the 40-hectare Port Praski development in central Warsaw.

Ownership category

akta.pro rank

Product category

Holding Company / Investment Management

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)

Keywords

• Holding company
• Energy asset management
• Real estate development
• Telecommunications investments
• Investment portfolio management

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Elektrim S.A. is a holding company that manages equity investments and co-controls assets in three sectors: energy (key strategic focus, with experience constructing energy and industrial facilities worldwide including in Greece, Turkey, Bulgaria and China), telecommunications (legacy investment area), and real estate (notably the approximately 40-hectare Port Praski mixed-use development in Warsaw operated through its wholly-owned subsidiary Port Praski Sp. z o.o.). The company does not sell products or services directly to end customers; instead it manages a diversified investment portfolio through subsidiaries and affiliated entities.

Product overview

Elektrim S.A. is a holding company operating across three main business segments: energy sector (construction and operation of energy facilities internationally), telecommunications, and real estate development. The company manages the Port Praski real estate project (approximately 40 ha in Warsaw) through its subsidiary Port Praski Sp. z o.o., and holds co-controlled energy assets including through its stake in ZE PAK SA and PAK-Volt SA. The company operates as a unified holding structure rather than a modular platform architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Sector Operations Construction and operation of energy and industrial facilities worldwide, including projects in Greece, Turkey, Bulgaria, China, and other countries. Implemented through Elektrim's co-controlled energy assets and affiliated entities such as ZE PAK SA and PAK-Volt SA. This is the key strategic focus of the company and the sector with which it has been continuously associated since its 1945 founding.
• Telecommunications Sector Operations Telecommunications operations as one of the three main business areas alongside energy and real estate. Represents a legacy investment area with historical and ongoing participation in Polish telecommunications assets.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• ZE PAK SAcoreOthersZE PAK SA (Zespół Elektrowni Pątnów-Adamów-Konin) is a major energy sector investment of Elektrim. The company has been involved in various transactions related to ZE PAK SA including share disposals, privatization agreements, and pre-emptive agreements with Polsat Group regarding green energy assets. Elektrim previously held and managed stakes in this energy company as part of its capital group.
• PAK-Volt SAminorOthersPart of the PAK (Pątnów-Adamów-Konin) capital group associated with Elektrim's energy sector holdings.
• Port Praski Sp. z o.o.coreOthersPort Praski Sp. z o.o. is a wholly-owned subsidiary within Elektrim's group, responsible for developing the approximately 40-hectare Port Praski real estate project in Warsaw. Located on the right bank of the Vistula River near the National Stadium, this is described as the most significant asset of the company's real estate strategy. The development includes business/commercial, residential, and congress/exhibition center functions.
• Polsat Plus GroupminorStrategic or Co-development PartnerPre-agreements signed with Polsat Plus Group concerning green energy assets of ZE PAK and shares in Port Praski, as announced in December 2021. Represents potential strategic development partner for energy and real estate assets.

Scale indicators5 records

Recent moves9 records

Expansion highlights3 records

Regional players

• Ghelamco: Belgian-origin commercial real estate developer with a strong Polish (especially Warsaw) presence in office and mixed-use assets. Comparable for the office/commercial component of Port Praski.
• Mostostal Warszawa: Major Polish construction and general contractor with diversified infrastructure and real estate activities. Comparable to Elektrim's Mostostal-Export SA subsidiary in terms of Polish construction exposure.

Direct peers

• Cyfrowy Polsat (Polsat Plus Group): Major Polish telecom/media group and Elektrim's named strategic partner (pre-agreements on green energy assets and Port Praski shares). Directly comparable as a diversified Polish group with telecom legacy and energy expansion ambitions.
• Echo Investment: Leading Polish mixed-use real estate developer (office, retail, residential) with major projects in Warsaw and other Polish cities. Closely comparable to the Port Praski development thesis.
• J.W. Construction Holding: Polish real estate developer focused on residential and mixed-use projects, including large-scale master-planned communities. Comparable as a Warsaw-focused Polish real estate holding.
• Kulczyk Investments: Polish family-owned diversified investment holding with energy, infrastructure, and real estate assets. Comparable as a privately-controlled Polish diversified holding with similar sector mix.

Broad incumbents

• PKN Orlen (ORLEN S.A.): Largest Polish multi-utility (refining, retail, power generation, petrochemicals). Comparable as a Polish energy incumbent with international operations and increasingly diversified into renewables and adjacent sectors.
• PGE Polska Grupa Energetyczna: Poland's largest power producer with conventional and renewable generation. Directly comparable to Elektrim's energy-asset co-control model through ZE PAK, with similar transition exposure.
• Tauron Polska Energia: Major Polish integrated energy group with generation, distribution, and heating. Comparable as a Polish energy holding with coal/lignite exposure and an active transition strategy.
• ENEA: Polish energy utility with generation (including lignite) and distribution operations. Comparable to Elektrim's energy-asset ownership profile and Polish market footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/elektrim3

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elektrim