KONCAR

What KONCAR does

KONČAR – Electrical Industry d.d. is a Zagreb-headquartered, publicly traded (Zagreb Stock Exchange: KRK) Croatian electrical engineering group founded in 1921, operating through 16 wholly-owned subsidiaries and one joint venture with Siemens Energy. It manufactures and integrates equipment across four interlocking business lines: power transmission and distribution equipment (transformers, substations, switchgear, instrument transformers); power electronics and informatics (converters, EV chargers, battery storage, excitation systems, SCADA platforms); rail and urban mobility (electric locomotives, battery-electric trains, trams, traction substations, electrification); and digital solutions / smart city infrastructure (PROZA Station, PROZA MARS, PROZA PowerCIM, CPMS, microgrids). Core technical assets include a proprietary PROZA software ecosystem — notably the world-first IEC 62351 cybersecurity-certified SCADA — supported by the KONČAR Electrical Engineering Institute and a EUR 20M LAVESP HV testing laboratory under construction.

The Group employs 6,300+ people, including 50+ PhDs, and serves utilities, transmission system operators, railway operators, municipal governments, data center operators, and OEMs in Croatia, Sweden, Germany, Austria, France, Spain, the USA, Latvia, Slovenia, Hungary, and Bosnia and Herzegovina. Revenue derives primarily from hardware sales (transformers, rail vehicles, power electronics) complemented by turnkey EPC project delivery, managed digital services, and laboratory testing. Pricing is project-based, multi-year, and not publicly disclosed; go-to-market is direct enterprise field sales, often via consortia (e.g., with Dalekovod or Colas Rail), supplemented by industry trade fairs and conference-driven lead generation.

Commercial scale is substantial: FY2024 consolidated revenue exceeded EUR 1 billion with EUR 163.3M net profit, H1 2025 revenue was EUR 636.8M (+33% YoY) at a 21.9% EBITDA margin, and the order backlog reached a record EUR 2.3 billion (book-to-bill 1.4) with 71.5% export share. Recent strategic catalysts include a EUR 260M joint investment with Siemens Energy for large power transformer capacity expansion, a EUR 117.9M Croatian battery and electro-diesel train contract (EIB-financed), and an advancing Western European/North American project pipeline that signals an export-led growth phase.

Name

KONCAR

Legal name

KONČAR – Elektroindustrija d.d. za proizvodnju i usluge

Website

https://koncar-inem.hr

Company type

Public

Founded year

1921

Operating status

Operating

Headcount range

101–250 employees

Short description

KONČAR is a Croatian, publicly traded electrical engineering group (founded 1921) manufacturing transformers, power electronics, rail vehicles, and proprietary PROZA SCADA/smart-city software, serving utilities, railway operators, municipalities, and OEMs across Europe and North America.

Ownership category

akta.pro rank

Product category

Power Engineering Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Switchgear and Switchboard Apparatus Manufacturing (335313), Relay and Industrial Control Manufacturing (335314), Electrical Equipment Manufacturing (3353), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Switchgear & Switchboard Apparatus (3613), Power, Distribution & Specialty Transformers (3612), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industries

Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), SCADA & Telemetry Software (Control Center) (EUADAEAD), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), Low-Voltage Switchboards & Panelboards (LV distribution panels, MCCs, switchboards) (IMAGAEAA), Industrial Control Cabinets & Power Distribution (Panels, Switchgear for Automation) (IMAHAHAK), Distribution Automation & SCADA / DMS Field Integration (EUAEACAD)

Keywords

• Power transformers
• Electric rail vehicles
• Power electronics
• Energy management software
• Switchgear and substations

Headquarters

HQ city

Zagreb

HQ country

Croatia

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Electronics Equipment: Manufacturing and sales of power electronics converters for rail vehicles, renewable energy systems, and industrial applications including tram/train converters, EV chargers, battery storage systems, and excitation systems.
2. Transformer Manufacturing: Production and sale of power transformers, distribution transformers, instrument transformers, and compact substations for transmission, distribution, renewable energy, e-mobility, and data centers.
3. Railway Vehicles: Design, manufacturing, and modernization of electric locomotives, battery electric trains, trams, and special vehicles with integrated subsystems.
4. Turnkey Infrastructure Projects: EPC (Engineering, Procurement, Construction) delivery of transformer substations, railway electrification, and smart city systems on a turnkey (ključ u ruku) basis.
5. Digital Solutions and Software: SCADA systems, IoT platforms, and digital solutions for energy management, critical infrastructure monitoring, and smart city applications.
6. Laboratory Testing Services: Type tests, special tests, and development tests for power equipment including HVDC cable testing at the LAVESP laboratory.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

KONCAR designs, manufactures, and supplies power engineering equipment including power and distribution transformers, switchgear, rotating machines, and electric rail vehicles (locomotives, battery trains, trams), power electronics, and battery storage systems. The group also delivers the PROZA digital platform for SCADA, IIoT, energy management, and smart-city applications, and provides turnkey EPC project execution, system integration, and laboratory testing services.

Product overview

KONČAR is a Croatian electrical industry group with a diversified portfolio of energy electronics, power transmission/distribution equipment, rail vehicles, and digital solutions. The company operates through multiple divisions: KONČAR – Electronics and Informatics (energy electronics), KONČAR – Digital (digital solutions and platforms), and the parent company's power transmission/distribution and urban mobility divisions. The core digital platform ecosystem includes PROZA Station (SCADA for substations), PROZA MARS (IIoT/OT platform for smart city infrastructure), and PROZA PowerCIM (energy management interoperability). The energy electronics division produces converters for rail vehicles, renewable energy systems, EV charging solutions, battery storage, and industrial equipment. The product portfolio follows a platform-plus-modules architecture where PROZA platforms serve as the foundational software layer, with specialized applications (DCIM, fleet charging management, microgrid control) built on top.

Differentiator

Problem solved

Functional benefit

Brands

• PROZA Station: SCADA system for transformer substation management and critical infrastructure monitoring
• PROZA MARS
• PROZA PowerCIM
• KonCharge 1000
• PROZA NET

Products and services

• Distribution Transformers Oil- and dry-type distribution transformers for utility and industrial customers, manufactured for medium- and low-voltage grid applications.
• Power Transformers Large power transformers produced via the joint venture with Siemens Energy, used by transmission system operators and utilities for high-voltage grid applications.
• Switchgear and Compact Substations Medium- and high-voltage switchgear and compact substations for utility, industrial, and renewable-energy customers.
• Hydro Generators and Motors Hydro generators, motors, and other rotating machines designed and manufactured for power generation customers and industrial plants.
• Hydro Turbines Hydro turbines for small, medium, and large hydropower plants, sold to utilities and renewable-energy developers.
• Electric Locomotives and Battery Trains Electric locomotives and battery-powered trains for national railway operators and freight customers, including decarbonization fleet programs.
• Trams Low-floor trams for urban public transport authorities and city administrations, including modern light-rail fleets.
• Rail Electrification and Traction Substations Traction substations and rail electrification infrastructure for railway operators and urban transit authorities, delivered as part of rail projects.
• Power Electronics Converters Power electronics converters and drives for rail, renewable energy, and industrial applications, including grid-tie and traction converters.
• Battery Storage Systems and Microgrids Stationary battery energy storage systems and microgrid solutions for utilities, renewable developers, and industrial customers.
• EV Battery Chargers (KonCharge) EV battery chargers under the KonCharge brand for public and commercial charging, sold to cities, fleet operators, and charge-point operators.
• Charging Point Management System (CPMS) Charging Point Management System (CPMS) software for charge-point operators to manage EV charging networks, billing, and operations.
• PROZA Station SCADA Platform SCADA software platform for substation automation and control, sold to utilities and TSOs for transmission and distribution operations.
• PROZA MARS IIoT Platform Industrial IoT platform enabling remote monitoring, predictive maintenance, and asset management for electrified infrastructure.
• PROZA PowerCIM PowerCIM grid model management software for utility network modeling, planning, and asset management.
• PROZA NET SCADA Distribution Management Distribution management SCADA platform for DSOs and utilities, supporting distribution network monitoring and operation.
• Renewable Energy Solutions Integrated renewable energy solutions including power electronics, control systems, and grid integration for wind, solar, and hydro projects.
• LAVESP Laboratory Testing Services Type and routine testing of electrical equipment (transformers, switchgear, rotating machines) at KONCAR's in-house LAVESP laboratory, available to external customers.

Quantifiable outcome

• 12.36 MWp solar plant generates 14 GWh annually, reducing ~167 tons CO2 over 30-year lifecycle
• +3 more outcomes

Named customers15 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

Integration3 records

AI capability4 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered minor, core and major.

• Grenoble INPminorStrategic or Co-development Partner · 1 January 2026KONČAR is an industrial partner in GreenChips-EDU European project focused on sustainable electronics education. Hosting 2nd Summer School on Sustainable Electronics in June 2026 in Grenoble.
• Siemens EnergycoreStrategic or Co-development Partner · 1 August 2025Strategic cooperation with €260 million investment in large power transformers manufacturing expansion. Joint venture KONČAR – Power Transformers operates under this partnership.
• Acciona EnergíamajorStrategic or Co-development Partner · 1 July 2025Spanish renewable energy company partnered with KONČAR for €15.3M turnkey construction of 400 kV Promina substation for solar power plant connection.
• Gradski prijevoz putnika (GPP) OsijekcoreStrategic or Co-development Partner · 1 January 2023Osijek public transport company partnered with KONČAR for 20 low-floor tram deliveries under framework agreement. First 10 trams contracted in 2023, second batch of 10 contracted in 2025.
• Kodeks sistemske integracijecoreStrategic or Co-development Partner · 1 January 2022KONČAR – Digital subsidiary implementing data centre automation for HEP using Cisco AppDynamics and Cisco Secure Workload solutions.
• Vattenfall EldistributioncoreStrategic or Co-development Partner · 1 September 2021Swedish distribution system operator partnered with KONČAR for engineering project reconstruction of 130 kV substation at TS Finnslatten in Västerås. This is KONČAR's first engineering project in the Swedish market, awarded in competitive tender against local companies.
• Électricité de France (EDF) / OmexmajorStrategic or Co-development Partner · 1 January 2021Consortium with Omex delivering hydro-generator stator housing to EDF customer in France. KONČAR manufactured one of the largest stator housings (27.8 tons, 7.6m diameter).
• Verbund HydrocoreStrategic or Co-development Partner · 1 January 2020Austrian electricity company partnered with KONČAR for three 35 MVA generator replacements at HE Ering-Frauenstein hydroelectric plant on the Inn River border with Germany.
• Austrian Turbine PartnermajorChannel Partner/ Reseller/ Distributor · 1 January 2019Partnership with Austrian turbine manufacturer delivering four synchronous generators to NorthWestern Energy in Montana, USA. KONČAR's first delivery of compact generators to US market.
• DalekovodcoreStrategic or Co-development PartnerConsortium partner for railway electrification projects including the €70M+ Moravice-Rijeka traction power upgrade. Dalekovod handles contact line work while KONČAR delivers traction substations and electrical systems.
• Odašiljači i vezecoreStrategic or Co-development PartnerCroatian telecommunications company partnered with KONČAR for Smart City Karlovac project and data centre design and construction. Joint development of IoT solutions.
• Colas Rail HrvatskamajorChannel Partner/ Reseller/ DistributorConsortium partner with KONČAR for tram infrastructure renewal project in Osijek. Colas Rail handles rail construction while KONČAR provides electrical systems.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Siemens Energy: Global leader in power generation, transmission, and grid technology. Direct overlap in transformers, switchgear, grid automation/SCADA, and grid EPC — and an actual JV partner of KONČAR through KONČAR – Power Transformers, making it the closest comparable and key strategic counterpart.
• ABB: Swiss-Swedish multinational with extensive overlap in transformers, switchgear, drives/converters, and grid automation software. ABB's portfolio breadth and global scale make it the principal head-to-head competitor in European and global utility tenders where KONČAR bids.
• Hitachi Energy: Direct competitor in transformers, high-voltage switchgear, grid automation (Lumada APM/SCADA), and power-electronics integration. Its grid-modernization focus and global installed base closely mirror KONČAR's transformer and SCADA businesses.
• Eaton: U.S. power management company with strong positions in switchgear, power distribution, and industrial control. Competes with KONČAR in medium/low-voltage switchgear, panelboards, and increasingly in grid modernization and data-centre power.
• Voith Hydro: German engineering firm specializing in hydro turbines and generators. Closely comparable to KONČAR's Hydro Turbines and Generators & Motors subsidiaries and a frequent competitor on European hydropower upgrade tenders (e.g., EDF, Verbund projects where KONČAR also bids).
• Andritz: Austrian group with a major Hydro division producing turbines, generators, and electrical systems for hydropower plants. Directly comparable to KONČAR's hydro/generator business and a key competitor in European renewable integration projects.
• Alstom: French rolling-stock and rail-infrastructure major with strong presence in electric locomotives, trams, and rail electrification. Competes head-to-head with KONČAR – Electric Vehicles across EU rail modernization tenders and battery-train opportunities.
• CAF (Construcciones y Auxiliar de Ferrocarriles): Spanish rolling-stock and rail-systems manufacturer. Direct competitor in trams, battery/electric trains, and rail electrification, particularly in Southern and Eastern European urban transit tenders where KONČAR frequently bids.

Broad incumbents

• Schneider Electric: Broad incumbent offering switchgear, power distribution, energy management software (EcoStruxure), and data-centre infrastructure. Overlaps with KONČAR's switchgear, PROZA DCIM, and microgrid offerings but as part of a much wider portfolio.
• GE Vernova: Spun-off GE unit covering power generation equipment (hydro, wind, gas turbines), grid solutions, and digital software. Direct overlap with KONČAR's generators, hydro turbines, and grid-automation businesses, particularly in Western European utility and renewable projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/KONCARGroup
• LinkedInlinkedin.com/company/koncar-group

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries17 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 KONCAR