Metka

What Metka does

METKA is the EPC (Engineering, Procurement, and Construction) Projects division of Metlen Energy & Metals S.A. (formerly MYTILINEOS), a publicly listed Greek industrial conglomerate headquartered in Athens and trading on the Athens Stock Exchange under the ticker METLEN. The parent entity was founded in 1958 originally as a mining and metallurgy company and expanded into energy EPC under the METKA brand over more than 50 years. METKA specializes in turn-key execution of large-scale, high-value-added energy infrastructure projects, spanning conventional power generation (with a competitive emphasis on natural gas-fired units), energy transition infrastructure (distribution networks, hydrogen systems), energy efficiency projects, and emerging digital offerings including smart city and IoT platform implementations.

The division's core technology is integrated EPC delivery rather than a discrete software or hardware product; it encompasses engineering design, procurement, and construction services under multi-year contracts. Recent activity has broadened beyond pure energy into adjacent urban redevelopment — notably a €250 million mixed-use project at the former FIX industrial site in Thessaloniki, where METKA is executing excavation and support works for Dimand Real Estate's development featuring a 184-room Hilton hotel and 96 branded residences. METKA generates revenue primarily through project-based B2B contracting, with pricing determined by quote-based engagement on individual project scope and complexity. The division serves project developers, government and state-owned enterprises pursuing national infrastructure goals, and large commercial developers, and it markets primarily through corporate communications, investor relations channels, and project announcements rather than consumer-facing demand generation. In October 2024, METKA completed the acquisition of M.T. ATE, and the parent rebranded from MYTILINEOS to Metlen Energy & Metals to reflect its strategic focus on energy transition and sustainable development.

Name

Metka

Legal name

Metlen Energy & Metals S.A. (METLEN Α.Ε.)

Website

https://metka.com

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

501–1,000 employees

Short description

METKA is the EPC Projects division of Metlen Energy & Metals, executing turn-key large-scale energy infrastructure — including conventional power plants, energy transition systems, and smart city platforms — for governments, project developers, and large enterprise clients across Greece and international markets.

Ownership category

akta.pro rank

Product category

Energy Infrastructure EPC Services

NAICS

Utility System Construction (2371), Power and Communication Line and Related Structures Construction (237130), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Cogeneration Services & Small Power Producers (4991), Electrical Work (1731)

akta.pro primary industry

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

akta.pro secondary industries

Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• EPC project delivery
• Energy infrastructure construction
• Power plant engineering
• Energy transition solutions
• Turn-key project execution

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Contracting Services: METKA generates revenue as a prime contractor and subcontractor for large-scale, specialized, high-value-added energy projects. The company executes turn-key projects including conventional power generation, energy transition projects (distribution networks, hydrogen), and energy efficiency initiatives. Revenue is project-based with multi-year contract durations typical for major infrastructure developments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Metka executes turn-key EPC (Engineering, Procurement, Construction) projects for large-scale, high-value-added energy infrastructure, including conventional thermal power plants, power distribution networks, energy transition systems such as hydrogen infrastructure, and energy efficiency initiatives. The division also delivers excavation, support works, and construction engineering services for major mixed-use and infrastructure developments, operating as both prime contractor and subcontractor within the Metlen Energy & Metals group.

Product overview

Metka operates as part of Metlen Energy & Metals, offering a portfolio of integrated energy solutions. The core offerings include turn-key energy projects (Ολοκληρωμένα Έργα), power production and distribution solutions, and new energy solutions. The company specializes in sustainable development projects supporting energy transition goals, conventional power production facilities with natural gas combustion capabilities, and infrastructure development. The M Power Projects division leads the company's EPC (Engineering, Procurement, and Construction) transformation toward innovative sustainable development projects.

Differentiator

Problem solved

Functional benefit

Brands

• METKA: EPC Projects sector specializing in turn-key energy projects, sustainable development projects, power plant construction, and energy transition infrastructure.

Products and services

• Turn-key Energy Projects (Ολοκληρωμένα Έργα)

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered major, core and unspecified.

• Dimand Real EstatemajorStrategic or Co-development Partner · 3 July 2026METKA is executing excavation and support works as contractor for Dimand Real Estate's €250 million mixed-use redevelopment of the former FIX industrial site in Thessaloniki. The project includes a 184-room Hilton hotel and 96 branded residences. This represents METKA's role as construction contractor for a major urban redevelopment initiative.
• Hilton GroupcoreStrategic or Co-development Partner · 3 July 2026Hilton Group formalized a 25-year management agreement with Dimand Real Estate for hotel facilities at the former FIX site. METKA is the contractor executing the construction work for this Hilton-branded development, which marks Hilton's re-entry into Thessaloniki's market.
• M.T. ATEunspecifiedStrategic or Co-development Partner · 1 October 2024METKA acquired M.T. ATE, expanding its operational capabilities and portfolio through this strategic acquisition. The acquisition strengthens METKA's market position in its sectors of operation.

Scale indicators3 records

Direct peers

• GE Vernova: Global power-generation OEM and EPC provider for thermal, gas, and renewable energy projects. Directly comparable to METKA in turn-key power plant and energy infrastructure delivery, though at significantly larger scale.
• Ansaldo Energia: Italian-based EPC and OEM for thermal power generation, including gas turbine combined-cycle plants. Comparable in regional European positioning and gas-fired power specialization.
• Mitsubishi Power: Subsidiary of Mitsubishi Heavy Industries delivering gas turbine combined-cycle plants, hydrogen-ready turbines, and energy infrastructure EPC. Direct competitor in METKA's natural-gas and energy-transition niches.
• Doosan Enerbility: Korean EPC and power-equipment OEM executing thermal power, combined-cycle, and energy-transition projects globally. Comparable turn-key EPC delivery model at large project scale.
• Siemens Energy: Major global EPC and equipment supplier for gas turbines, combined-cycle plants, and grid/energy-transition infrastructure. Closely aligned with METKA's natural-gas-fired generation and grid modernization scope.
• Técnicas Reunidas: Spanish EPC contractor specializing in large-scale energy and industrial projects, including combined-cycle and energy-transition plants. Comparable business model and project scale to METKA's international EPC work.

Broad incumbents

• Black & Veatch: Global infrastructure EPC firm with strong energy, power generation, and grid practices. Comparable in delivering large-scale turn-key energy and utility infrastructure projects.
• Babcock & Wilcox: Established power-generation technology and services provider with broad thermal and environmental portfolio. Comparable to METKA in thermal-power execution, though with broader environmental and aftermarket focus.
• Saipem: Italian energy infrastructure and EPC contractor with capabilities across power, renewables, and hydrogen projects. Comparable in turn-key energy EPC execution, with broader midstream/downstream exposure.

Emerging players

• Masdar Construction / ENGIE EPC: ENGIE and similar European utilities developing EPC capabilities in renewables, hydrogen, and smart-city infrastructure. Adjacent/emerging competitor in METKA's energy-transition and digital-infrastructure expansion areas.

Market position

Strengths4 records

Weaknesses4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Metka