What Electroalfa does

Electro-Alfa International S.A. (Electroalfa), headquartered in Botoșani, Romania, is one of Romania's top three electrical equipment manufacturers, holding an estimated 32.49% domestic market share in 2024. The company designs and produces medium- and low-voltage electrical equipment, including SF6-Free switchgear (ALFA BLUE ASNA-RMU, ALFA GREEN, ALFA SM AIR-SET) built around its patented ASNA air-insulation technology, proprietary DISMOD main distribution boards up to 5000A, prefabricated E-House/Shelter solutions, and transformer substations. Manufacturing is concentrated at a 25,000 sqm complex in Botoșani that also houses a proprietary R&D center and the SGB-ALFA transformer factory jointly operated with SGB-SMIT Group.

Electroalfa operates an integrated one-stop-shop model spanning equipment manufacturing, EPC (Engineering, Procurement, Construction) contracting, renewable energy project development (including a 3.5 MW photovoltaic park), and international public-procurement tendering. Revenue is generated through B2B project-based quotations and multi-year contracts with utilities, industrial operators, infrastructure owners, and government entities; clients include Nuclearelectrica, Hidroelectrica, Electrica Group, Distribuție Energie Oltenia (CEZ), Delgaz Grid (E.ON), ArcelorMittal Galați, Romgaz, and Metrorex, with more than 500 clients overall. Approximately 23% of revenue is generated outside Romania across Western Europe, Africa, the Middle East, and Moldova.

The company listed on the Bucharest Stock Exchange Main Market under ticker EAI in February–March 2026, raising approximately EUR 115 million at a post-money valuation of roughly RON 1.67 billion (~EUR 335 million). FY2024 revenue reached RON 648.4 million (~EUR 130 million), up from RON 259.2 million in 2022 — a 58.2% three-year CAGR — with FY2025 guidance above RON 800 million. Following the IPO, Electroalfa has pursued inorganic expansion (acquisitions of SPIACT Craiova and Electro Alfa CM in June 2026), the Alfa New Protocol Engineering JV with New Protocol Group, and an EUR 103 million 2026–2028 investment program targeting capacity, energy production and storage, and international expansion.

Name

Electroalfa

Legal name

Electro-Alfa International S.A.

Website

https://electroalfa.ro

Company type

Public

Founded year

1991

Operating status

Ipo

Headcount range

101–250 employees

Short description

Electroalfa (Electro-Alfa International S.A.) is a Romanian top-3 manufacturer of medium- and low-voltage electrical equipment, prefabricated E-Houses, and SF6-Free switchgear, serving utilities, industrial operators, and public infrastructure clients via direct EPC contracting and international tendering.

Ownership category

akta.pro rank

Product category

Electrical Equipment Manufacturing

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (3353), Relay and Industrial Control Manufacturing (335314), Electric Power Transmission, Control, and Distribution (22112)

SIC

Switchgear & Switchboard Apparatus (3613), Power, Distribution & Specialty Transformers (3612), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA)

akta.pro secondary industries

Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Testing, Commissioning & Energization Services (HV) (EUAEABAI)

Keywords

• Medium voltage switchgear
• Electrical equipment manufacturing
• EPC contracting services
• Prefabricated E-House solutions
• SF6-free switchgear

Headquarters

HQ city

Botosani

HQ country

Romania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electrical Equipment Manufacturing: Sale of medium voltage switchgear, low voltage distribution boards, control/protection cabinets, transformer substations, compact substations, and automation panels. Revenue is generated through project-based equipment orders from utilities, industrial clients, and infrastructure operators. This represents the core product revenue stream.
2. EPC Contracting (Engineering, Procurement, Construction): Full project delivery including design, equipment supply, installation, commissioning, and maintenance for energy infrastructure projects. Covers overhead/underground electrical networks (0.4 to 110 kV), industrial facilities, transformer substations, photovoltaic parks, and public utility projects. Revenue is generated through lump-sum or cost-plus contracts.
3. Prefabricated E-House / Shelter Solutions: Design, manufacturing, and delivery of prefabricated electrical substations and metal shelters including ALFA HOUSE COMPACT, ALFA HOUSE PANEL, LF TYPE E-HOUSE, and WF TYPE E-HOUSE. Turnkey delivery integrating all electrical equipment into a single modular solution.
4. International Tendering / Public Procurement: Participation in international tenders for humanitarian aid, infrastructure, energy, medical, and agricultural equipment supply. The company acts as a supplier for international organizations and government procurement bodies globally.
5. Energy Efficiency and Green Energy Services: Technical consulting, feasibility studies, energy audits (electro-energetic and thermo-energetic), and development of renewable energy projects including photovoltaic parks. Services provided under ANRE authorization as a Class II Complex Energy Auditor.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Electroalfa manufactures medium and low voltage electrical switchgear, main distribution boards, prefabricated E-House/shelter solutions, and compact transformer substations, and delivers full EPC (Engineering, Procurement, Construction) contracting services for energy distribution, industrial, and renewable energy projects. The integrated one-stop-shop model combines in-house manufacturing, engineering design, installation, commissioning, and maintenance across grid modernization, renewable energy, and humanitarian supply markets.

Product overview

Electroalfa operates as an integrated electrical equipment and energy infrastructure company with five specialized divisions. The core offerings include medium and low voltage electrical switchgear (ALFA BLUE ASNA-RMU, ALFA GREEN AIR-INSULATED, ALFA SM AIR-SET), prefabricated E-House/shelter solutions (ALFA HOUSE COMPACT, ALFA HOUSE PANEL, LF TYPE, WF TYPE), and SF6-Free sustainable alternatives for all switchgear products. The company provides EPC contracting services, green energy solutions including photovoltaic park development, and international tendering for humanitarian aid. The integrated one-stop-shop model covers the full value chain from design and production to installation, commissioning, and maintenance across energy distribution, transport, nuclear, and renewable energy sectors.

Differentiator

Problem solved

Functional benefit

Brands

• ALFA BLUE ASNA-RMU: SF6-Free RMU using ambient air insulation technology with hermetically sealed design
• ALFA GREEN AIR-INSULATED
• ALFA SM AIR-SET
• Alfa New Protocol Engineering

Products and services

• ALFA BLUE ASNA-RMU SF6-Free medium voltage switchgear using ambient air as the insulating medium, with a hermetically sealed design, single-phase insulation, and busbar disconnectors that replicate SF6 load-break switch sequences. Replaces line with disconnector, line with circuit breaker, transformer with circuit breaker, and transformer with fuses functions in a single cell.
• ALFA GREEN AIR-INSULATED Secondary distribution switchgear with air insulation and vacuum interruption (SVI), built as modular metal-enclosed cubicles for domestic and industrial consumers. Compliant with EU Regulation 2024/573 and IEC 62271-200, and compatible with expanding existing SF6 switchboards.
• ALFA SM AIR-SET Modular secondary distribution cells up to 1250A/24kV with SF6-Free medium voltage technology, insulated in pure air and equipped with vacuum interruption (SVI). Natively digital with continuous monitoring, predictive maintenance, and SCADA integration capabilities.
• Medium Voltage Switchgear (Primary and Secondary Distribution)

Quantifiable outcome

• Over 300 SF6-Free equipment units sold in the first four months of 2026
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• New Protocol GroupcoreStrategic or Co-development Partner · 15 June 2026Electroalfa International and New Protocol Group established Alfa New Protocol Engineering (ANPE), a joint venture where Electro-Alfa holds 51% and New Protocol Group holds 49%. The JV focuses on energy engineering and design services for complex infrastructure, renewable energy projects, and industrial applications. ANPE aims to provide technical design, optimization, integration, and implementation support for energy projects. George Căpățână was appointed CEO in June 2026.
• SGB-SMIT GroupcoreStrategic or Co-development Partner · 1 January 2024Electroalfa established a strategic alliance with SGB-SMIT Group, a European leader in transformer manufacturing, culminating in the inauguration of the SGB-ALFA factory at Botoșani. This partnership enables Electroalfa to expand its product portfolio into power transformers, integrating manufacturing, electrical equipment, and transformer solutions into a comprehensive energy infrastructure offering.
• Elcomex IEA (acquisition target)minorStrategic or Co-development PartnerElectroalfa identified Elcomex IEA as a strategic acquisition target as part of its EUR 103 million investment program (2026–2028), aimed at vertical integration and capacity expansion in the energy infrastructure sector.
• SPIACT Craiova (acquisition target/completed)coreStrategic or Co-development PartnerSPIACT Craiova was identified as a strategic acquisition target and subsequently completed in June 2026. The acquisition strengthens Electroalfa's manufacturing capacity and market position in southern Romania.
• Electro-Alfa CM (acquisition target/completed)coreStrategic or Co-development PartnerElectro-Alfa CM was identified as a strategic acquisition target and subsequently completed in June 2026 alongside SPIACT Craiova, expanding Electroalfa's integrated manufacturing footprint.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Siemens: Global conglomerate with Smart Infrastructure division offering MV switchgear (8DJH, NXPLUS), LV distribution, transformers, and EPC for substations. Siemens competes with Electroalfa in Romania and CEE utilities but operates across a much wider industrial portfolio.
• ABB: Global leader in electrification, automation, and motion, with industry-standard MV switchgear portfolios (SafeRing/SafePlus). ABB competes directly with Electroalfa's ALFA BLUE/GREEN/SM lines but operates at vastly larger scale, with deeper R&D budgets and a global service network.
• Schneider Electric: French multinational offering MV switchgear (RM6, SM6), LV distribution (Prisma, Blokset), and energy automation. Schneider is a direct competitor in the SF6-Free switchgear transition and serves overlapping utility and industrial customers across Europe.
• Eaton: US-based power management company with a strong Electrical Americas/EMEA portfolio of MV switchgear, LV assemblies, and power distribution components. Comparable product mix to Electroalfa's LV/MV offering, though Eaton operates at much greater scale and global reach.
• GE Vernova: GE's power and electrification spin-off offering grid solutions, power generation equipment, and wind turbines. While primarily focused on the high-voltage end, GE Vernova competes with Electroalfa's EPC and transmission offerings in larger utility-scale projects.
• WEG: Brazilian multinational manufacturer of electrical equipment, including MV/LV switchgear, transformers, motors, and generator sets. WEG has expanded aggressively into European and emerging markets and competes with Electroalfa in industrial and infrastructure tenders.
• Hitachi Energy: Spin-off of ABB's power grid business; one of the world's largest suppliers of MV switchgear, transformers, and grid automation. Directly comparable product portfolio (including SF6-Free EconiQ range) and competes for the same utility customers as Electroalfa.

Emerging players

• LS Electric: Korean electrical equipment manufacturer offering MV switchgear, protection relays, and power distribution systems. LS Electric has been growing its European footprint and competes with Electroalfa in selected tenders and as an OEM alternative to ABB/Siemens in CEE markets.
• Alfen: Dutch specialist in smart grid solutions, EV charging infrastructure, and energy storage. Alfen operates at the intersection of grid modernization and renewables—comparable to Electroalfa's green energy and E-House strategy but with a more focused product portfolio.

Direct peers

• Efacec: Portuguese manufacturer of MV/LV switchgear, transformers, and EPC services for energy, environment, and transport. Efacec is the closest analogue in scale and scope: a regional European electrical equipment maker with integrated EPC capabilities and an SF6-Free product roadmap, competing head-to-head in CEE and African markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@electroalfainternational
• Facebookfacebook.com/electroalfa.ro
• LinkedInlinkedin.com/company/electroalfa-international

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 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 Electroalfa