ELSACO BUSINESS SOFTWARE SRL

What ELSACO BUSINESS SOFTWARE SRL does

ELSACO BUSINESS SOFTWARE SRL is the legal entity at the center of the broader Elsaco group, a privately held Romanian industrial and engineering organization headquartered in Botoșani. The group has operated for over 31 years in the utility infrastructure sector, specializing in energy, water and sewage systems, automation, and SCADA. Its portfolio spans the full EPC value chain: designing, procuring, and executing large-scale infrastructure projects for district heating, cogeneration, water treatment, and industrial automation clients. Technological offerings include Supervisory Control and Data Acquisition (SCADA) systems, residential smart metering solutions, energy efficiency and cogeneration (CHP) installations, and measurement and control equipment sales.

The group is organized into six wholly-owned subsidiaries that align with distinct stages of the value chain: Elsaco Electronic (core EPC operations), Elsaco Engineering (engineering services), Vestra Industry (equipment distribution for utility OEMs such as Itron, Rockwell Automation, and AVK), Elsaco Solutions (IT&C and smart metering software), Elsaco Esco (energy consulting and ESCO project development), and Smart Eco Plus (environmental and smart solutions). Revenue streams mix one-time infrastructure contracts valued from €0.5M to €116M, hardware sales, and professional services, with pricing driven by competitive public procurement bidding and direct enterprise negotiation.

Elsaco's customer base spans Romanian municipalities and water utilities (APA Oltenia, APAVital Iași, Oradea), large industrial buyers (Chimcomplex, Vimetco, Timken, Betty Ice), and district heating operators (ModernCalor, CET Constanța). The go-to-market motion is enterprise field sales coupled with public tender participation for EU- and nationally-funded municipal projects. The company has executed international projects in Poland, Moldova, Egypt, Qatar, Dubai, Mauritius, and South Africa. Ownership remains fully private Romanian capital, controlled by the Iftime family; Valeriu Iftime serves as Chairman of the Board and Șerban Iftime as Director General. Reported net turnover grew from €68M in 2020 to €270M in 2025.

Name

ELSACO BUSINESS SOFTWARE SRL

Legal name

S.C. Elsaco Electronic S.R.L.

Website

https://elsaco.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

ELSACO BUSINESS SOFTWARE SRL is the parent entity of the Elsaco group, a Romanian EPC and systems integrator delivering energy, water, district heating, cogeneration, automation, and smart-metering infrastructure to utilities, municipalities, and industrial clients.

Ownership category

akta.pro rank

Product category

Utility Infrastructure Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electrical Equipment Manufacturing (3353), Custom Computer Programming Services (541511)

SIC

Services-Engineering, Accounting, Research, Management (8700), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

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

akta.pro secondary industries

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Underground transmission & distribution cable EPC (civil + cable install) (EUADAKAB)

Keywords

• SCADA systems
• Smart metering solutions
• Energy efficiency
• Cogeneration plants
• Water infrastructure

Headquarters

HQ city

Botosani

HQ country

Romania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Projects: Engineering, procurement, and construction (EPC) contracts for energy, water/sewage, and automation infrastructure projects. Revenue recognized over project duration with significant contract values ranging from hundreds of thousands to tens of millions of euros.
2. Equipment Sales: Sale of measurement and control equipment, smart meters, and industrial automation components through the Vestra Industry subsidiary.
3. Energy Consulting Services: Energy auditing, technical due diligence, and ESCO project development services through Elsaco Esco subsidiary.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Elsaco is an industrial group that delivers engineering, procurement, and construction (EPC) infrastructure projects for energy, water, and sewerage utilities, along with automation, SCADA systems, smart metering, and energy efficiency solutions. It also sells measurement and control equipment through its distribution subsidiary Vestra Industry and provides energy consulting services through Elsaco Esco for industrial and municipal clients across Romania and several international markets.

Product overview

Elsaco Business Software SRL is part of the broader Elsaco group of companies, which operates as a multi-company organization specializing in energy, water and sewage infrastructure, automations and SCADA systems. The group provides a portfolio of solutions including measurement and control equipment, energy efficiency solutions, IT&C solutions, and smart residential metering. The group companies include Elsaco Electronic (main operations), Elsaco Solutions (software/IT subsidiary), Elsaco Esco (energy services/ESCO), Elsaco Engineering, Vestra Industry (equipment distribution), and Smart Eco Plus. The offerings are organized around infrastructure projects rather than a unified software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• SCADA Systems Supervisory Control and Data Acquisition systems for utility management and infrastructure monitoring, designed for water, energy, and industrial operators.

Quantifiable outcome

• Revenue growth from €68M (2020) to €270M projected (2025)

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core and minor.

• ItroncoreTechnology or Integration · 9 December 2016Collaboration for smart water metering and leakage detection solutions. Itron provides metering technology while Elsaco provides integration and local expertise for Romanian utilities.
• Rockwell AutomationcoreTechnology or Integration · 1 September 2015Global technology partner for industrial automation solutions. Vestra Industry serves as distributor for Rockwell Automation products in Romania.
• AVKcoreChannel Partner/ Reseller/ Distributor · 1 September 2015Equipment distribution partnership. Vestra Industry distributes AVK valves and related equipment for water utility applications.
• Betty IceminorStrategic or Co-development PartnerCustomer of Elsaco Esco energy consulting services. Betty Ice operates industrial facilities requiring energy efficiency solutions.
• APAVital IașiminorStrategic or Co-development PartnerWater utility company in Iași, Romania. Customer of Elsaco Esco consulting services for energy efficiency.
• DeutekminorStrategic or Co-development PartnerIndustrial company receiving energy efficiency solutions from Elsaco group.
• TimkenminorStrategic or Co-development PartnerManufacturing company receiving industrial automation solutions.
• ModernCalorminorStrategic or Co-development PartnerDistrict heating solutions partner, customer of Elsaco services.
• VancartminorStrategic or Co-development PartnerEnergy efficiency solutions customer.
• VimetcominorStrategic or Co-development PartnerMetals industry customer receiving industrial energy solutions.
• Oradea MunicipalitycoreStrategic or Co-development PartnerMajor municipal partner for geothermal heating project - a landmark district heating project using geothermal energy with heat pumps, implemented together with Energomontaj.
• EnergomontajcoreStrategic or Co-development PartnerLong-term strategic partner for large infrastructure projects including geothermal heating project in Oradea and other district heating modernization projects.
• Clarke EnergycoreTechnology or IntegrationTechnology partner selected for cogeneration projects at Arad and Constanța. Clarke Energy provides gas compression and engine solutions for CHP plants.
• INNIOcoreTechnology or IntegrationTechnology partner for cogeneration projects providing hydrogen-ready engines for energy projects in Arad and Constanța.
• ElectroalfacoreStrategic or Co-development PartnerStrategic partner for CET Constanța cogeneration project, working together on the 116 million euro installation.
• APA OlteniaminorStrategic or Co-development PartnerWater utility company with 30 million euro contract for infrastructure modernization.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ABB: Swiss-Swedish multinational providing electrification, motion and process automation solutions including power plant electrical systems, T&D and SCADA — directly overlapping Elsaco's power plant EPC and automation portfolio.
• Engie: Major European energy services group with deep district heating, CHP and energy efficiency operations in CEE. Competes with Elsaco Esco on ESCO projects and CHP EPC.
• Rockwell Automation: Global industrial automation leader; existing partner of Elsaco (Vestra Industry distributes Rockwell in Romania) and a competitor for industrial automation, SCADA and process control contracts in the region.
• Schneider Electric: Global leader in energy management, industrial automation and smart grid solutions. Competes with Elsaco across SCADA, switchgear, smart metering and utility-side automation projects in CEE.
• Siemens: Smart Infrastructure and Siemens Energy divisions compete across SCADA, substation automation, district heating and grid modernization projects pursued by Elsaco, particularly in CEE.

Direct peers

• Itron: Global smart metering and utility IoT vendor; existing technology partner of Elsaco for smart water metering and leakage detection, and a competitor on end-to-end smart metering rollouts in CEE.
• Siveco Group: Romanian-founded EAM/CMMS and SCADA software provider for utilities, power and water; competes most directly with Elsaco Solutions on utility-side software and asset management.
• Clarke Energy: INNIO/Jenbacher distributor and CHP EPC specialist; technology partner of Elsaco on the Arad and Constanța cogeneration projects and a direct competitor on CHP and gas-engine EPC tenders.
• Veolia: Global water and environmental services group executing water and district heating EPC concessions in Romania and CEE; overlaps directly with Elsaco's water utility and municipal district heating modernization work.
• Landis+Gyr: Global smart electricity and gas metering specialist competing with Itron and Elsaco's metering integration offering for utility AMI rollouts across CEE.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elsaco-electronic-s-r-l-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 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 ELSACO BUSINESS SOFTWARE SRL