Koval Systems

What Koval Systems does

Koval Systems (legal entity KOVAL SYSTEMS, a. s.) is a privately held Slovak industrial manufacturer, founded in 1994 as EK, s. r. o. and reincorporated as a joint-stock company in 2009. It operates a headquarters and main production facility in Beluša, Slovak Republic (Krížna 950/10) and a Czech sales subsidiary (KOVAL SYSTEMS, s. r. o.) in Prague, with approximately 350 employees. The company runs a vertically integrated CNC production operation spanning five types of CNC bending presses (including TRUMPF TruBend 81000), sheet-metal cutting, forming, machining, robotic and manual welding, IDEAL-LINE/WAGNER powder-coating surface treatment, assembly and an in-house engineering department.

The commercial portfolio is organized into two coexisting lines. The legacy business supplies mechanical-safety, automated-storage and postal-automation products — safes and timer-lock safes (EK 1000/4000/5000), cash-handling and mailbox equipment (EK 2000), modular deposit and storage boxes (EK 3000/3006), Paternoster mechatronic storage systems with vertical variants for industry, pharmacies (PharmaStore, LogiPharm) and libraries (BiblioMat) (EK 7000 family), library racks, mobile/fixed shelving (EK 7500/7600), warehouse and parcel-sorting systems (EK 7700), museum storage (EK 8000), and automated parking systems (EK 9000/9100) — sold to banks, libraries, postal operators, hospitals, museums, archives, warehouses and real-estate developers in the Slovak, Czech and wider European markets. The growth engine is the defense-industrial line, where Koval manufactures complete turrets for BAE Systems Hägglunds CV9035 MkIV for the Slovak Armed Forces, contributes to CV90120 light-tank turret prototype development, produces automatic loading systems for the Rheinmetall 120mm cannon, gun mounts for MSM Land Systems DITA howitzers, and superstructure components for KONŠTRUKTA – Defence's EVA howitzer.

Revenue mechanics are predominantly one-time capex sales of engineered equipment via a direct enterprise sales department with regional coverage through the Czech subsidiary and presence at international defense exhibitions (IDEB). Pricing is not publicly disclosed. The company is self-funded with no external investors identified, financed by operating cash flow that has supported >20M EUR of capex over the past two years into technology, infrastructure and skilled personnel. Leadership comprises CEO Tomáš Starec and Sales Director/Chairman of the Board Ján Michálek.

Name

Koval Systems

Legal name

KOVAL SYSTEMS, a. s.

Website

https://kovalsystems.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

251–500 employees

Short description

Koval Systems is a privately held Slovak industrial manufacturer producing automated mechanical-safety, storage, postal and parking systems for European banks, libraries and postal operators, and precision-engineered defense subassemblies — including CV90 turrets for BAE Systems Hägglunds and components for DITA, EVA and Rheinmetall 120mm programs — for NATO and Slovak Armed Forces customers.

Ownership category

akta.pro rank

Product category

Industrial automation and mechanical safety manufacturing

NAICS

Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513)

SIC

Measuring & Controlling Devices, Nec (3829)

akta.pro primary industry

Process & Batch Control Software (Recipe Management, ISA-88) (IMAGABAH)

Keywords

• Mechanical safety products
• Automated storage systems
• Automated parking systems
• Defense vehicle components
• Metal fabrication services

Headquarters

HQ city

Belusa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Mechanical Safety Products: Production and sale of safes, timer lock safes, cash cases, and workplace protection units for securing money and valuables
2. Automated Storage and Archiving Systems: Paternoster mechanized storage systems, box modules, deposit and storage boxes, library racks, warehouse management systems
3. Automated Parking Systems: Design and production of automated parking systems for underground, overground, and combined garages
4. Postal and Logistics Automation: Automated mail boxes, cash sorting machines, and parcel sorting lines
5. Defense Industry Components: Manufacturing of turrets for CV90 vehicles, gun mounts for DITA howitzers, superstructure components for EVA howitzers, and automatic loading systems for Rheinmetall 120mm cannon
6. Commission/Order Production: Custom production of workpieces and complex structures for global producers from various industries

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Koval Systems is a Slovak industrial manufacturer that designs and produces mechanical safety products (timer lock safes, cash cases, workplace protection units), automated storage and archiving systems (Paternoster mechanized storage, shelving, library racks, warehouse management), automated parking systems, postal and logistics automation equipment, and precision defense components such as CV90 turrets and gun mounts. The company also provides commission/contract manufacturing of complex workpieces and structures for global producers across multiple industries.

Product overview

Koval Systems is a Slovak producer and complex solution supplier in the mechanical safety industry, offering a comprehensive portfolio of products for workplaces, people, money in cash and valuables, and cash products. The company provides automated storage and archiving systems, as well as sophisticated products including automated parking systems (EK 9000), automated mail boxes (EK 2000), and cash sorting machines. Their product range includes timer lock safes (EK 1000), cash handling equipment (EK 2000, EK 4000), mechanized storage systems (EK 7000 Paternoster with variants including PharmaStore for hospitals and Industry for warehouses), automated warehouse and parcel sorting solutions (EK 7700), library storage systems (EK 7600L, BiblioMat), metal office furniture (EK 7100-7400), shelving systems (EK 7500, EK 7600), and automated parking systems (EK 9000, EK 9100). The company also offers commission/contract manufacturing services for external customers.

Differentiator

Problem solved

Functional benefit

Products and services

• EK 1000 - Timer lock safes

Quantifiable outcome

• Dynamic growth with stable annual increase in customer base
• +1 more outcomes

Named customers6 records

Segments9 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core and minor.

• BAE Systems HägglundscoreStrategic or Co-development Partner · 19 April 2023Strategic partnership for manufacturing of CV9035 MkIV turret systems for Slovak Armed Forces. Koval also participates in prototype development of turret for CV90120 light tank and development of automatic loading systems for Rheinmetall 120mm cannon. The partnership includes joint exhibition at IDEB 2026.
• RheinmetallcoreStrategic or Co-development PartnerCooperation in development and manufacturing of automatic loading systems for Rheinmetall 120mm cannon. Joint exhibitor with BAE Systems Hägglunds at IDEB 2026.
• MSM Land SystemsminorStrategic or Co-development PartnerKoval manufactures gun mounts for DITA howitzers as part of Slovak defense industry cooperation.
• KONŠTRUKTA – DefenceminorStrategic or Co-development PartnerCooperation in production of individual superstructure components for EVA howitzers. The EVA project is moving into serial production phase.
• Association of the Security and Defense Industry of the Slovak Republic (ZBOP)minorStrategic or Co-development PartnerStrategic membership acquired in ZBOP, the Association of the Security and Defense Industry of the Slovak Republic.
• INOVATOminorStrategic or Co-development PartnerMember of Slovak innovation platform INOVATO together with other well-known companies.
• VanderlandeminorStrategic or Co-development PartnerTechnology partner visible in company partner logos - appears to be in material handling and logistics automation sector.
• TRUMPFcoreTechnology or IntegrationTechnology partner and equipment supplier providing CNC bending presses (TruBend 81000) and laser cutting systems (TruLaser Tube 7000 fiber, TruLaser 5040 fiber). Koval staff receive TRUMPF training.
• Slovenská PoštaminorChannel Partner/ Reseller/ DistributorSlovak postal service partner, likely customer for automated postal solutions.
• Česká PoštaminorChannel Partner/ Reseller/ DistributorCzech postal service partner, likely customer for automated postal solutions.
• Royal MailminorChannel Partner/ Reseller/ DistributorUK postal service partner visible in company partner logos.
• Erste BankminorChannel Partner/ Reseller/ DistributorFinancial institution partner visible in company partner logos - likely customer for banking security solutions.
• UniCreditminorChannel Partner/ Reseller/ DistributorFinancial institution partner visible in company partner logos - likely customer for banking security solutions.

Scale indicators4 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• SSI SCHAEFER: SSI SCHAEFER is a broad global incumbent in intralogistics and warehouse automation, offering shelving, AS/RS, and automated storage products that overlap with Koval's EK 7500/7600 shelving and EK 7700 warehouse management solutions.
• Vanderlande: Vanderlande (a Toyota Industries company) is a global material handling and parcel sortation incumbent, and is listed as a Koval technology partner. It competes with Koval's EK 7700 automated parcel sorting line in postal and logistics automation.
• Rheinmetall: Rheinmetall is a major European defense prime for which Koval co-develops automatic loading systems for the 120mm cannon. As a broad defense incumbent with significant in-house manufacturing, Rheinmetall is the natural benchmark for Koval's emerging tier-2 defense ambitions.
• BAE Systems Hägglunds: BAE Systems Hägglunds is the prime contractor for the CV90 family of armored vehicles and is Koval's core strategic defense partner. While not a direct competitor (it is Koval's customer), it is the most relevant comparable anchor for understanding Koval's positioning in the European armored-vehicle supply chain.

Direct peers

• Klaus Multiparking: Klaus Multiparking designs and produces automated and semi-automated parking systems for residential and commercial real estate, directly competing with Koval's automated parking portfolio in the same European customer base.
• WÖHR: WÖHR is one of Europe's leading manufacturers of automated parking systems, directly competing with Koval's EK 9000 and EK 9100 parking products for underground, overground, and pallet parking installations in dense urban environments.
• Kardex: Kardex is a leading global manufacturer of automated storage and retrieval systems, including vertical lift modules and Paternoster-style carousels that directly overlap with Koval's EK 7000 Paternoster and EK 7800 coordinate storage products for libraries, archives, and warehouses.
• Modula: Modula manufactures vertical lift modules and automated storage solutions for industrial and warehouse applications, serving as a direct competitor in the same mechanized storage category as Koval's Paternoster and coordinate systems.
• Hänel: Hänel specializes in automated vertical carousel storage systems (Rotomat) and lean-lift systems serving the same industrial archive, warehouse, and parts-storage markets as Koval's mechanized storage and PharmaStore offerings.
• Hartmann Tresore: Hartmann Tresore is a European specialist in safes, vault systems, and physical security products, directly competing with Koval's EK 1000/4000/5000 timer-lock safes, cash cases, and workplace protection units for banking and cash-in-transit customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 Koval Systems