What Matelec does

Matelec is a Lebanon-headquartered (Byblos) manufacturer of power and distribution transformers, switchgear, control systems, and substations, operating as a privately held industrial company founded approximately in 1983 with a workforce of 487 full-time employees. The company reports operations in 35+ countries across the Middle East, Africa, Europe, and Asia, with an installed base of 280+ completed turnkey projects and an annual production capacity of 9,980 MVA. Its product portfolio spans power transformers, distribution transformers, MV/LV switchgear and panels, advanced control systems, and AIS, GIS mobile, and modular substations, produced entirely in-house to maintain direct control over quality and cost.

The business operates a dual revenue model combining capital equipment sales (transformers, switchgear, substations) with a complementary Engineering, Procurement, and Construction (EPC) division that delivers turnkey power plants and high-voltage substations. Customers are primarily national and regional transmission and distribution utilities, power generation companies, renewable energy developers, and government energy ministries — with named counterparties including Enedis, EDF, Iberdrola, KPLC, ECG, Sonelgaz, Senelec, NEPCO, ContourGlobal, EDL, MOEW Lebanon, Kurdistan Regional Government, Iraq Electricity Ministry, and GECOL Libya. Go-to-market is exclusively direct enterprise field sales through competitive bidding and technical negotiations, with no intermediary distribution and quote-based pricing tied to MVA capacity, voltage rating, and project complexity.

Matelec is positioning for expansion under a recently announced $30 million investment from the International Finance Corporation (World Bank Group) in November 2025, earmarked for power-machinery production capacity growth as part of Lebanon's reconstruction strategy. The company is also extending its product surface into renewable energy integration and modular/GIS mobile substation formats, targeting independent power producers and rapid-deployment grid applications. Geographic operations are diversified across MENA, Sub-Saharan Africa, and Europe, but the Lebanese domicile, concentration on sovereign counterparties, and absence of disclosed revenue or backlog data represent material analytical gaps for prospective investors.

Name

Matelec

Legal name

Matelec

Website

https://matelecgroup.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Matelec is a Lebanon-headquartered B2B manufacturer of power and distribution transformers, switchgear, and substations, plus a turnkey EPC contracting division, serving 35+ countries and 280+ utility, government, and power-generation customers worldwide.

Ownership category

akta.pro rank

Product category

Electrical Power Equipment Manufacturing

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Relay and Industrial Control Manufacturing (335314), Electrical Contractors and Other Wiring Installation Contractors (23821), Electric Power Generation, Transmission and Distribution (2211)

SIC

Power, Distribution & Specialty Transformers (3612), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

akta.pro secondary industries

Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

Keywords

• Power transformer manufacturing
• Distribution transformers
• Medium voltage switchgear
• Turnkey substation solutions
• Power infrastructure contracting

Headquarters

HQ city

Byblos

HQ country

Lebanon

HQ region

Middle East

Offices1 record

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. Power Equipment Manufacturing: Sale of power and distribution transformers, switchgears, control systems, and substations as manufactured products. Revenue is generated through one-time equipment sales with potential for replacement/expansion orders from existing customers.
2. Engineering & Contracting Services: Turnkey solutions for power plants and substations including design, engineering, procurement, and construction (EPC) services for transmission, distribution, and renewable energy projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Matelec manufactures power and distribution transformers, medium and low voltage switchgear/panels, control systems, and prefabricated substations (AIS, GIS mobile, modular) at its in-house production facility, with an annual production capacity of 9,980 MVA. The company also operates an Engineering & Contracting (EPC) division that delivers turnkey power plant and VHV/HV substation projects for utilities, governments, and power generation companies across 35+ countries.

Product overview

Matelec is a manufacturer of electrical power infrastructure products offering a unified portfolio of power and distribution transformers, switchgears, control systems, and substations. The core product line centers on power apparatus (transformers, switchgears, control systems, substations), complemented by an Engineering & Contracting (EPC) division that delivers turnkey solutions for power plants and Very High Voltage/High Voltage (VHV/HV) substations including AIS, GIS mobile, and modular configurations. Products serve three primary industry verticals: Transmission & Distribution, Power Generation, and Renewables. The company operates on a build-and-deliver model combined with full project execution capabilities for complete energy infrastructure deployment.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Transformers High-capacity transformers designed for high-voltage energy transmission and distribution applications, providing reliable voltage transformation for electrical grids. Sold to utilities, governments, and power generation companies.
• Distribution Transformers Transformers designed for stepping down voltage levels for distribution to end-users, serving industrial, commercial, and residential applications. Sold to utilities, governments, and industrial customers.
• MV Switchgear Medium voltage switchgear equipment for controlling, protecting, and isolating electrical equipment in power distribution systems. Sold to utilities and industrial customers.
• LV Panels Low voltage electrical panels for power distribution and control in buildings and industrial facilities. Sold to commercial and industrial customers.
• Control Systems Advanced control systems for monitoring and managing electrical infrastructure operations, providing automation and remote management capabilities. Sold to utilities and large infrastructure operators.
• Substations (AIS, GIS Mobile, Modular) Complete substation solutions including Air Insulated Switchgear (AIS), Gas Insulated Switchgear (GIS) mobile units, and modular prefabricated substations for rapid deployment. Sold to utilities, governments, and power generation companies.
• EPC & Turnkey Solutions Engineering, Procurement, and Construction services delivering complete turnkey power infrastructure projects including power plants and high-voltage transmission systems. Provided to utilities, governments, and power generation companies.

Quantifiable outcome

• 9,980 MVA annual production capacity
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Schneider Electric: Schneider Electric is a global incumbent in electrical distribution, switchgear, LV panels, and grid automation. It overlaps with Matelec in MV/LV switchgear and substation control systems, and competes for utility and infrastructure customer accounts globally.
• Eaton Corporation: Eaton is a global power management company offering transformers, switchgear, and electrical components. It overlaps with Matelec in distribution transformers and MV/LV equipment, and targets many of the same commercial and utility customers globally.
• GE Vernova: GE Vernova is the global grid solutions and power equipment arm of GE, producing transformers, switchgear, and turnkey substations. It competes with Matelec on renewable interconnection projects and utility-scale grid infrastructure, including in markets where Matelec operates.
• Siemens Energy: Siemens Energy is a major global incumbent in grid technologies, including power transformers, HVDC systems, and substation EPC. While it operates at much greater scale than Matelec, it competes for the same large utility and government tenders worldwide, particularly in renewables and grid modernization.

Direct peers

• Elsewedy Electric: Elsewedy Electric is a Cairo-based manufacturer of power transformers, cables, and electrical equipment with a large EPC contracting division focused on the Middle East and Africa. It is Matelec's closest regional competitor, serving overlapping utility customers (NEPCO, Sonelgaz, Senelec) with a comparable integrated manufacturing-plus-EPC model.
• Hyosung Heavy Industries: Hyosung Heavy Industries is a South Korean manufacturer of power and distribution transformers with a global footprint in the Middle East, Africa, and Southeast Asia. It is a direct competitor in the same transformer product category and serves similar utility customers.
• Toshiba Energy Systems & Solutions: Toshiba Energy Systems manufactures high-voltage power transformers and grid solutions with a strong presence in the Middle East and Asia. It competes directly with Matelec on transformer supply for utility and renewable energy projects.
• Hitachi Energy: Hitachi Energy (formerly ABB Power Grids) is the global leader in power and distribution transformers, switchgear, and substation solutions. It is the most directly comparable peer to Matelec across all three of Matelec's product verticals (T&D, generation, renewables) and competes head-to-head for many of the same utility tenders.
• Efacec Power Solutions: Efacec is a Portuguese manufacturer of power transformers, switchgear, and EPC services for substations. It is closely comparable to Matelec in product portfolio and EPC capabilities, and competes for European, Middle Eastern, and African utility tenders.
• WEG Industries: WEG is a Brazilian manufacturer of electrical equipment including power and distribution transformers, with growing presence in emerging markets. It directly competes with Matelec in transformer manufacturing and serves utility customers in Latin America, Africa, and the Middle East.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/matelec
• LinkedInlinkedin.com/company/matelec-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Matelec