ETP

What ETP does

ETP Spółka Akcyjna w restrukturyzacji is a publicly-listed Polish engineering and construction services company headquartered in Katowice. It was formed from the merger of Energopol-Katowice S.A. and TP-Elbud S.A. (with operating history dating to 1992) and operates through a capital group of three wholly-owned subsidiaries: Nafto Sp. z o.o. (petrochemical services), TP Elbud GmbH (German-market electrical installations), and ETP Elektro Sp. z o.o. (prefabrication of control cabinets and low-voltage switchboards). The company is currently subject to court-supervised sanation (restructuring) proceedings opened on September 22, 2022, with Bartosz Klepacz appointed as Restructuring Administrator.

The company's offering is organized around four integrated business lines: (1) Hydrotechnical Construction, covering flood protection, dams, water reservoirs, and inland waterway modernization; (2) Electrical Systems, providing high- and low-voltage installations, AKPiA (protection, control and measurement) automation, and teletechnical systems; (3) Power Engineering, handling steel structure erection, flue gas and air duct installation, and industrial equipment assembly (operated from a dedicated Stalowa Wola department established in 2017); and (4) Engineering Construction, covering sewage networks, water supply, roads, bridges, and pipelines. ETP maintains in-house prefabrication capacity at a manufacturing facility in Bierawa and a regional office in Warsaw. Operations span Poland and approximately 28+ countries across Europe, the Americas, Africa, the Middle East, and Asia.

ETP serves a mix of government and enterprise clients on a project-based, general-contractor basis. Named customers include PGW Wody Polskie (Polish Water Management), ENEA Połaniec, Tauron EC Stalowa Wola, Ørsted (Denmark), PCC Rokita, Toyota Jelcz-Laskowice, Saint Gobain, Silesia City Center, Biedronka, KRONOSPAN, NGK Ceramics, Philip Morris, Poczta Polska, and the Chancellery of the President of Poland. The company is ISO 9001, ISO 14001, and ISO 45001 certified by DNV-GL, holds Polish Chamber of Construction Industry membership, and competes primarily on integrated project delivery and direct enterprise sales through long-cycle competitive tenders. Revenue is generated through professional services on long-term construction and engineering contracts; no productized software, AI capabilities, or SaaS revenue streams are evident.

Name

ETP

Legal name

ETP Spółka Akcyjna w restrukturyzacji

Website

https://etpsa.pl

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

ETP is a Polish publicly-listed engineering and construction firm providing hydrotechnical, electrical, and power engineering services to industrial and government clients in Poland and internationally. It operates through a capital group of three subsidiaries and is currently under court-supervised restructuring.

Ownership category

akta.pro rank

Product category

Industrial & Infrastructure Construction Services

NAICS

Engineering Services (54133), Engineering Services (541330), Electric Power Generation, Transmission and Distribution (2211)

SIC

Services-Engineering Services (8711), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

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

akta.pro secondary industries

Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC), Testing, Commissioning & Energization Services (HV) (EUAEABAI)

Keywords

• Industrial construction services
• Electrical systems installation
• Hydrotechnical engineering
• Power engineering services
• Engineering construction

Headquarters

HQ city

Katowice

HQ country

Poland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

1. Infrastructure Construction Services: Project-based revenue from construction and engineering services including hydrotechnical works, civil engineering, and industrial construction. Revenue is earned through long-term contracts with government entities and industrial clients.
2. Electrical Systems Installation: Comprehensive electrical installation services including high-voltage, low-voltage systems, automation, and teletechnical systems. Services include project management, design, delivery, installation, testing, and commissioning.
3. Power Engineering Services: Delivery and erection works for complex power engineering projects including steel construction, industrial construction, and coordination of equipment deliveries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

ETP is a general contractor providing integrated construction and engineering services across hydrotechnical works, electrical systems installation, and power engineering. The company delivers full project lifecycle services from concept and design through construction, commissioning, and post-warranty maintenance for industrial facilities, water management infrastructure, and power generation projects. Services include prefabrication of control cabinets and low-voltage switchboards, steel structure erection, and installation of high-voltage and low-voltage electrical systems.

Product overview

ETP is a Polish construction and engineering services company offering integrated solutions across four core business lines: Hydrotechnical Construction, Electrical Systems, Power Engineering, and Engineering Construction. The company provides a comprehensive service portfolio including project design, prefabrication, installation, and maintenance. The Electrical Systems division handles high/low voltage installations and AKPiA automation, while the Power Engineering department (established 2017 in Stalowa Wola) focuses on steel construction and industrial equipment assembly. The Hydrotechnical division specializes in flood protection and water infrastructure, and Engineering Construction covers civil infrastructure projects. Subsidiaries include Nafto, TP Elbud GmbH, and ETP Elektro for specialized prefabrication services.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydrotechnical Construction
• Electrical Systems
• Power Engineering
• Engineering Construction
• Prefabrication of Control Cabinets and Switchgear

Quantifiable outcome

• Completed major infrastructure projects including 65+ million PLN Masurian Lake waterway modernization
• +1 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Nafto Sp. z o.o.coreOthersSubsidiary within ETP Capital Group specializing in services for the petrochemical industry. Part of integrated service offering for chemical and petrochemical sector clients.
• TP Elbud GmbHcoreOthersSubsidiary within ETP Capital Group based in Germany. Enables international operations and provides electrical systems services in the German market.
• ETP Elektro Sp. z o.o.coreOthersSubsidiary within ETP Capital Group specializing in electrical systems. Provides prefabrication of control cabinets and low-voltage switchboards, and comprehensive electrical installation services.
• DNV-GLminorOthersCertification body supporting development and improvement of ETP's integrated management systems including ISO 9001, ISO 14001, and ISO 45001 certifications.
• PGW Wody PolskiecoreOthersPolish Water Management Authority - government entity responsible for water resources. ETP received acknowledgment for projects involving flood protection and waterway modernization.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• ZUE S.A. Polish-listed rail and energy infrastructure EPC contractor of similar size to ETP, focused on overhead catenary, substations, and traction power — comparable mid-cap Polish EPC profile.
• Polimex Mostostal: Polish EPC general contractor covering power, industrial, and infrastructure construction — closest direct peer to ETP in scope (electrical, power, industrial assembly) and Polish market focus.
• Mostostal Warszawa: Polish EPC and steel-structure erector active in power, industrial, and bridge construction — directly comparable to ETP's power-engineering and structural-steel scope.
• Erbud: Polish mid-cap general contractor with infrastructure, industrial, and energy projects — comparable in size band and project mix to ETP.
• Unibep: Polish construction group operating in infrastructure, industrial, and hydrotechnical segments; competes in similar public-tender infrastructure space as ETP.
• Budimex: One of Poland's largest general contractors with infrastructure, energy, and hydrotechnical exposure; competes with ETP for civil infrastructure and water-management tenders in Poland.

Broad incumbents

• Skanska (Poland operations): Global construction major with Polish infrastructure and hydrotechnical projects; competes for the same public-sector tenders but at a much larger scale than ETP.
• Siemens Energy: Global power-generation and grid technology OEM and EPC — operates upstream and parallel to ETP's power-plant and T&D scope but at significantly larger scale.
• Strabag (Poland operations): European construction incumbent active across infrastructure, hydrotechnical, and industrial construction in Poland — broader portfolio but directly competes on the same tenders.
• ABB (electrical systems): Global leader in electrical substations, switchgear, and automation — adjacent competitor in the high-voltage and AKPiA systems ETP installs, though at much larger scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 ETP