ELTMAN Engenharia e Sistemas

What ELTMAN Engenharia e Sistemas does

ELTMAN Engenharia e Sistemas is a privately held Brazilian engineering consultancy founded in 1988, specializing in integrated electrical engineering for the power sector. The company operates from two offices in Greater São Paulo (Barueri/Alphaville and São Caetano do Sul) with approximately 100 employees, and has completed over 2,000 projects across hydroelectric plants (450+), substations up to 500 kV (1,500+), solar parks (35+), and wind farms (15+) for clients in Brazil, Chile, Angola, and China.

The company's core offering is multi-disciplinary engineering across electrical, civil, mechanical, and telecommunications disciplines, organized into eight service lines: Electrical Studies, Basic Projects, Executive Projects, Commissioning (TAF/TAC) using OMICRON and CONPROVE test equipment, Owner's Engineering, Integrated SPCS (Protection, Control and Supervision Systems) Solutions, Construction Supervision, and Level 2/3 Supervisory Systems. Its key differentiator is the turnkey SPCS delivery model, which bundles design, panel supply and assembly, IED configuration, protection settings, supervisory systems, and commissioning under a single contract, supported by integration expertise across major OEMs (GE, HITACHI, NARI, SCHNEIDER, SEL, SIEMENS) and a modern in-house Data Center for secure project data management.

ELTMAN generates revenue through project-based B2B engineering services contracted via competitive tenders and direct enterprise relationships with Brazilian utilities, generation developers, transmission companies, and industrial clients. Pricing is quote-based and tailored to project scope. The company holds no patents and has no disclosed funding, M&A activity, or AI capabilities; its competitive position is built on 38 years of accumulated technical reputation and long-term client relationships with anchor accounts including Eletrobras, Engie, EDP, CPFL, CTEEP, AES, Taesa, Siemens, Voith, ABB, and Petrobras.

Name

ELTMAN Engenharia e Sistemas

Legal name

ELTMAN

Website

https://eltman.com.br

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

ELTMAN is a privately held Brazilian engineering consultancy founded in 1988, providing multi-disciplinary electrical engineering, turnkey Protection/Control/Supervision Systems (SPCS) integration, and commissioning services for utilities and power generation developers across hydroelectric, wind, solar, and substation projects in Brazil and select international markets.

Ownership category

akta.pro rank

Product category

Power Engineering Services

NAICS

Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112), Switchgear and Switchboard Apparatus Manufacturing (335313), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Switchgear & Switchboard Apparatus (3613), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Substation EPC (AIS/GIS) & Switchyard Construction (EUAEABAC)

akta.pro secondary industries

Testing, Commissioning & Energization Services (HV) (EUAEABAI), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Grid Interconnection & Collector Substation EPC (Utility-Scale Renewables) (EUAEABAK), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN)

Keywords

• Power system engineering
• Substation design services
• Protection control systems
• Renewable energy engineering
• Electrical infrastructure consulting

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Services: ELTMAN generates revenue primarily through professional engineering services including electrical studies, basic and executive projects, owner's engineering, construction supervision, and commissioning. Services are contracted project-by-project for utilities, power generation developers, and industrial clients in Brazil and internationally.
2. Integrated SPCS Solutions (Turn-Key): Supply and integration of complete Protection, Control and Supervision Systems (SPCS) for power plants and substations under single contracts, combining project design, panel supply and assembly, protection configuration, IED setup, supervisory systems, and commissioning. This turn-key offering bundles materials supply with engineering services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

ELTMAN Engenharia e Sistemas is a Brazilian engineering services firm that delivers integrated solutions for the electrical power sector, including electrical studies, basic and executive project design, owner's engineering, commissioning, construction supervision, and turn-key Protection, Control and Supervision Systems (SPCS) for substations and power plants. The company serves hydroelectric, wind, solar, and substation/transmission projects, with deep expertise integrating equipment from multiple manufacturers (GE, HITACHI, NARI, SCHNEIDER, SEL, SIEMENS) using OMICRON and CONPROVE test equipment.

Product overview

ELTMAN Engenharia e Sistemas is an engineering and consulting company specializing in integrated solutions for the power electrical energy sector with over 38 years of experience. The company operates a multi-disciplinary engineering team offering high-quality services across four market segments: Hydroelectric Plants, Wind Farms, Solar/Photovoltaic Farms, and Substations (up to 500 kV). The core product portfolio centers on SPCS (Sistemas de Proteção, Controle e Supervisão - Protection, Control, and Supervision Systems), delivered as both standalone services and integrated turnkey solutions. Services are organized into eight core offerings: Electrical Studies (short-circuit, load flow, stability, energization studies), Basic Projects, Executive Projects, Commissioning (TAF/TAC), Owner's Engineering, Integrated SPCS Solutions (combining design, panel supply, assembly, and commissioning), Construction Supervision, and Supervisory Systems (Level 2 and 3). The company's differentiation lies in its integrated approach—particularly the SPCS solutions that bundle hardware (protection panels), software (IED configuration, HMI/database), and services (commissioning, training) under single contracts—and its expertise with equipment from multiple manufacturers (GE, HITACHI, NARI, SCHNEIDER, SEL, SIEMENS) using modern test equipment (OMICRON, CONPROVE). ELTMAN has completed over 2,000 projects including 1,500 substation works, 450 hydroelectric plants, 35 solar parks, and 15 wind farms.

Differentiator

Problem solved

Functional benefit

Products and services

• Estudos Elétricos (Electrical Studies)
• Projetos Básicos (Basic Projects)
• Projetos Executivos (Executive Projects)
• Comissionamento (Commissioning)
• Engenharia do Proprietário (Owner's Engineering)
• Soluções Integradas de SPCS (Integrated SPCS Solutions)
• Fiscalização de Obras (Construction Supervision)

Quantifiable outcome

• Over 2,000 completed works in the power system sector across Brazil and internationally (Chile, Angola)
• +2 more outcomes

Named customers22 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

Integration8 records

Feature5 records

Partnerships

One partnership is on record.

• PROMONfoundationalStrategic or Co-development Partner · 1 January 1988PROMON played a foundational role in ELTMAN's origin. In 1988, PROMON encouraged its employees to found independent engineering service companies, leading to the establishment of ELTMAN. PROMON subsequently became a major client, engaging ELTMAN for multiple projects including UHE Xingó (1992), Itaipu generator installation projects (2002), and other engineering contracts. This founding relationship established ELTMAN's trajectory in the Brazilian power engineering sector.

Scale indicators8 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• AFRY (formerly Pöyry): European-headquartered engineering and design firm with a strong Latin American power practice covering hydro, thermal and renewable generation, plus transmission. Comparable to ELTMAN in power engineering services but with substantially larger global footprint.
• AtkinsRéalis (formerly SNC-Lavalin): Global engineering services and project management firm with extensive power generation, transmission and substation capabilities. Competes with ELTMAN for large-scale utility and developer mandates across Latin America.
• PROMON Engenharia: Large Brazilian multidisciplinary engineering firm that incubated ELTMAN in 1988 and remains a recurring client. Directly comparable as a Brazilian power sector engineering services firm operating in hydroelectric, transmission and industrial projects.
• Stantec: North American engineering, architecture and environmental services firm with a growing power practice including substation design and renewable interconnection. Comparable as a power engineering services peer competing for utility contracts.
• Burns & McDonnell: US-headquartered engineering, architecture and construction firm with a major Transmission & Distribution practice. Overlaps with ELTMAN in substation engineering, protection and control design, and commissioning services globally.
• Quanta Services: North American infrastructure services leader specializing in electric power transmission, substation construction and renewable energy EPC. Adjacent peer — operates at construction-scale while ELTMAN sits at engineering/commissioning — but competes for utility capex spend in the same value chain.
• WSP Global: Global engineering consultancy with a dedicated Power & Energy practice covering generation, transmission and substations. Comparable to ELTMAN as an engineering services peer serving utilities and developers, albeit at much larger scale.
• Tractebel Engineering (Engie): Global power and infrastructure engineering consultancy owned by Engie, with significant Brazilian presence. Overlaps with ELTMAN on hydroelectric, transmission, substation and renewable engineering services, but at much larger scale across multiple geographies.

Direct peers

• POWER Engineers: Specialized power engineering consultancy focused on substations, transmission, protection and control systems. Highly comparable to ELTMAN's SPCS turnkey model, with similar vendor-agnostic integration capabilities across multiple protection IED platforms.
• Intertechne Consultores: Brazilian engineering consultancy focused on power generation (hydro, wind, solar, thermal) and T&D infrastructure. Competes head-to-head with ELTMAN on hydroelectric basic/executive projects, owner's engineering, and substation design across Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eltman-engenharia-e-sistemas-ltda.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 ELTMAN Engenharia e Sistemas