MT-Komex

What MT-Komex does

MT-Komex d.o.o. is a Belgrade-headquartered, private engineering and construction firm founded in 1993 that builds solar photovoltaic power plants and installs electric vehicle charging infrastructure on a turnkey basis for industrial, commercial, agricultural, government, and utility clients across the Western Balkans. Its core technology portfolio comprises ground-mounted and rooftop PV systems (panel mounting structures, inverters, grid connection, transformer stations), EV charging stations (AC and DC fast chargers from Schneider Electric, Siemens, and ABB) including solar canopies with integrated chargers, and battery storage integrations. Equipment is sourced from tier-1 OEMs including AIKO, Luxor Solar, Canadian Solar (panels), Huawei and Fronius (inverters), and K2-systems (mounting structures).

The business operates on a project-based B2B sales motion with five revenue streams: one-time turnkey construction contracts (solar plants, EV charging stations, power facilities), equipment sales, preventive and corrective maintenance services (with 24-hour response in Serbia/BiH), technical consulting, and financial-institution liaison for project financing. Pricing is quote-based and project-specific with no public tiers. The company has accumulated 200+ completed solar power plants representing over 300,000 installed panels and 140-150+ MW total installed capacity, with marquee projects including the DeLasol 11,760 kWp plant (largest in Serbia at commissioning) and the FNE Rešetnica plant in BiH (largest in the Elektroprivreda BiH system). Geographic operations have expanded from a Serbia-only base into Bosnia and Herzegovina (via wholly-owned subsidiary MT-KOMEX BH d.o.o established April 2024) and Croatia (first EU project commenced February 2024).

Management is led by CEO Miloš Kostić (founder-era leader, 30+ years) and includes Radoslav Marić as director of the BiH subsidiary. The company holds ISO 9001, 14001, 45001, 50001, and 27001 certifications and operates as system integrator for Schneider Electric, Siemens, and ABB EV chargers. Headcount is reported in the 11-50 band, and revenue is not publicly disclosed.

Name

MT-Komex

Legal name

MT-Komex

Website

https://mt-komex.co.rs

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Belgrade-based turnkey solar power plant and EV charging station contractor, founded 1993, with 200+ plants built and 150+ MW installed across Serbia, Bosnia and Herzegovina, and Croatia. Serves industrial, commercial, government, and utility clients as system integrator for Schneider, Siemens, and ABB.

Ownership category

akta.pro rank

Product category

Solar Energy Construction Services

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Solar power plant construction
• Rooftop photovoltaic systems
• EV charging infrastructure
• Renewable energy services
• Solar equipment supply

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Power Plant Construction: One-time project-based revenue from designing and constructing solar power plants (ground-mounted and rooftop) for industrial, commercial, and agricultural clients. Includes turnkey delivery and grid connection services.
2. Equipment Sales and Delivery: Sales of solar panels, inverters, structures, and cables from partner manufacturers (AIKO, Luxor, Canadian Solar, Huawei, Fronius, K2-systems). Equipment is sold as part of construction projects or separately to partners.
3. Maintenance Services: Preventive and corrective maintenance services for solar power plants, including 6-month preventive maintenance checks, technical inspections, and 24-hour fault response in Serbia and Bosnia and Herzegovina.
4. Technical Consulting: Energy efficiency consulting, renewable energy advisory, permit acquisition support, liaison with financial institutions for project financing, and technical due diligence reports.
5. EV Charging Infrastructure: Construction and installation of electric vehicle charging stations with slow (AC) and fast (DC) chargers, including canopies with integrated solar panels. System integration for Schneider Electric, Siemens, and ABB chargers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

MT-Komex designs, supplies, and installs turnkey solar photovoltaic power plants (ground-mounted and rooftop) for industrial, commercial, agricultural, and utility clients, and constructs electric vehicle charging stations as a system integrator for Schneider Electric, Siemens, and ABB chargers. The company also sells solar equipment from global manufacturers and provides preventive/corrective maintenance, design, and technical consulting services from initial concept through grid connection and ongoing operation.

Product overview

MT-Komex is a Serbian renewable energy company offering an integrated portfolio of solar power solutions. The core offerings consist of ground-mounted and rooftop solar power plant construction services delivered on a turnkey basis. The company operates as a system integrator for electric vehicle charging infrastructure using Schneider Electric, Siemens, and ABB chargers, which can be combined with solar canopies. Supporting services include equipment sales (panels, inverters, structures from AIKO, Luxor, Canadian Solar, Huawei, Fronius, K2-systems), preventive/corrective maintenance, design services, technical consulting, financial institution liaison, and power facility construction. The portfolio is unified around end-to-end project delivery from design through commissioning and ongoing maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Ground-Mounted Solar Power Plants Turnkey construction and installation of ground-mounted solar power plants for industrial, commercial, agricultural, and utility clients, including equipment supply, civil and electrical installation work, testing, setup, and grid commissioning. Delivered on a turnkey ('ključ u ruke') basis from design through grid connection.
• Rooftop Solar Power Plants Construction and installation of rooftop-mounted photovoltaic systems for self-consumption or grid feed-in, including substructure installation, panel mounting, inverter connection, and complete cabling. Targeted at factories, commercial buildings, and agricultural estates.
• Electric Vehicle Charging Stations Construction of EV charging stations with slow (AC) and fast (DC) chargers, with or without canopy integration. MT-Komex acts as system integrator for Schneider Electric, Siemens, and ABB chargers. Canopies can be equipped with solar panels for hybrid solar-EV charging.
• Solar Power Equipment Sales and Delivery Sales and delivery of solar system equipment including solar panels (AIKO, Luxor, Canadian Solar), inverters (Huawei, Fronius), mounting structures (K2-systems), cables, and monitoring systems from global manufacturers. Equipment is sold as part of construction projects or separately to partners.
• Preventive and Corrective Maintenance Services Preventive maintenance performed every 6 months including visual inspection, inverter testing, PV string measurements, thermographic imaging, and lightning protection testing. Corrective maintenance with 24-hour response time in Serbia for installed solar power plants.
• Solar Power Plant Design Services Comprehensive design services including project development, technical due diligence, techno-economic analyses, hybrid system implementation, transformer station design, and documentation procurement from authorities.
• Technical Consulting Services Expert consulting for energy efficiency and renewable energy, including technical solution advisory, permit acquisition support, and project preparation for bank financing.
• Financial Institution Liaison Services Support in negotiations with banks and financial institutions to secure favorable financing terms for solar power plant projects, including assistance with dedicated credit lines for energy efficiency and renewable energy projects.
• Power Facilities Construction Construction of transformer stations and connection cable routes from power plants to grid connection points, either based on existing technical documentation or as turnkey solutions.

Quantifiable outcome

• 150+ MW total installed capacity
• +5 more outcomes

Named customers16 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

Integration3 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and secondary.

• AIKOcoreTechnology or IntegrationGlobal leader in ABC (All Back Contact) solar panel manufacturing. AIKO panels are characterized by extreme innovation and cutting-edge technology. Used in flagship projects such as FNE Rešetnica where 2,340 panels (450W each) were installed.
• Luxor SolarcoreTechnology or IntegrationGerman company and world-renowned producer of highly efficient solar panels. MT-Komex uses Luxor Solar polycrystalline panels (272W-545Wp) across various projects including agricultural estates, commercial buildings, and the Croatia EU project.
• Canadian SolarcoreTechnology or IntegrationAmong the world's top 10 solar panel manufacturers. MT-Komex uses Canadian Solar panels (275W-660W) for major projects including DeLasol (11,760 kWp), B2 Nova Sun (11,000 kWp), UNIOR (1,034 kWp), and B2 Sun Spot (8,250 kWp).
• HuaweicoreTechnology or IntegrationWell-known global brand manufacturing high-quality inverters. Huawei inverters are used for converting electricity and grid connection, notably in FNE Rešetnica project (largest solar plant in Elektroprivreda BiH system).
• Fronius International GmbHcoreTechnology or IntegrationAustrian company recognized globally as a leader in photovoltaic inverters. MT-Komex frequently uses Fronius inverters (including Symo, Tauro, and Tauro ECO models) across rooftop and ground-mounted installations.
• K2-systemscoreTechnology or IntegrationGerman manufacturer specializing in mounting systems for solar panels. K2 aluminum structural systems are used for rooftop installations including UNIOR factory, agricultural estates, and pitched roof applications.
• Schneider ElectriccoreTechnology or IntegrationGlobal specialist in energy management and automation. MT-Komex is a system integrator for Schneider Electric EV chargers (slow, medium, fast, and ultra-fast). Schneider EVlink chargers installed at Hilton Hotel, Termovent, and other locations.
• SiemenscoreTechnology or IntegrationGlobal technology company. MT-Komex is a system integrator for Siemens EV chargers including slow, medium, fast, and ultra-fast charging solutions. Featured in fast charger market development collaborations.
• ABBcoreTechnology or IntegrationGlobal technology company. MT-Komex is a system integrator for ABB EV chargers including ultra-fast charging stations. ABB Terra 54 CJG installed at NAVAK National Driving Academy with CCS (50 kW DC), Type 2 AC (44 kW), and CHAdeMO (50 kW) connectors.
• Kirac MetalsecondaryTechnology or IntegrationSerbian manufacturer of bifacial panel construction structures. Used for B2 Nova Sun project (11,000 kWp) featuring Kirac Metal bifacial panel construction.
• Sonnen MetalsecondaryTechnology or IntegrationMetal structures manufacturer used for ground-mounted solar installations. Used for major projects including DeLasol and Toyo Tire Serbia (8,417 kWp).

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• ABB E-mobility: Global EV charging infrastructure manufacturer offering AC, DC fast, and ultra-fast chargers. MT-Komex is a documented ABB system integrator; ABB competes in the same EV charger tender market while also supplying MT-Komex with chargers (e.g., ABB Terra 54 CJG installed at NAVAK test track).
• BELECTRIC: Germany-headquartered global solar EPC with extensive utility-scale and commercial project experience across Europe, North America, and other regions. Comparable as a solar EPC peer operating at materially larger scale and broader geographic footprint than MT-Komex, representing both a benchmark and a potential competitive entrant into Balkan markets.
• Goldbeck Solar: European solar EPC focused on commercial, industrial, and utility-scale rooftop and ground-mounted installations. Comparable customer segments (industrial self-consumption, utility-scale grid feed-in) and turnkey delivery model, though operating with a larger pan-European footprint and more standardized project approach than MT-Komex.
• Siemens eMobility: Global EV charging infrastructure manufacturer offering VersiCharge AC chargers and ultra-fast DC solutions. Comparable as both an EV charging peer and a strategic partner that supplies MT-Komex's commercial charging installations across Serbia.
• Schneider Electric: Global energy management and EV charging solutions provider. MT-Komex is a Schneider Electric system integrator for EVlink chargers; Schneider competes directly in the EV charging infrastructure market while simultaneously supplying MT-Komex's commercial customers including IKEA and Hilton.

Direct peers

• Sun Contracting: Austria/Liechtenstein-headquartered solar EPC and operator active across Central and Southeastern Europe, including former Yugoslav markets (Croatia, Bulgaria). Comparable as a regional full-service solar EPC contractor building utility-scale and rooftop plants for utilities and enterprises, mirroring MT-Komex's business model and go-to-market in adjacent Balkan and CEE geographies.
• IBC SOLAR: German solar EPC and equipment distributor with an installer network across Europe. Comparable as both an EPC contractor and equipment reseller/integrator - the same hybrid business model MT-Komex operates, where panel/inverter sales complement project construction revenue.

Regional players

• Enerix: Austria- and Germany-based regional solar installer franchise specializing in rooftop and small commercial solar. Comparable as a regional rooftop and small commercial solar EPC operating under a localized model, similar in scale and customer segment (residential/commercial self-consumption) to MT-Komex's rooftop business.
• Končar Group: Croatian-headquartered electrical equipment manufacturer and power engineering contractor with renewable energy project capabilities. Comparable as a regional peer in the former Yugoslav market that combines equipment manufacturing, electrical contracting, and selective solar/EPC work, making it an established local competitor to MT-Komex's Croatia expansion.

Emerging players

• Tesla Energy: Integrated solar roof, Powerwall storage, and Supercharger network provider. Comparable in the hybrid solar-plus-EV-charging concept that MT-Komex offers through solar canopy EV chargers, though Tesla operates at much larger scale and through consumer-direct channels rather than B2B project delivery.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MTKOMEX
• LinkedInlinkedin.com/company/mt-komex
• Instagraminstagram.com/mt_komex
• Xx.com/KomexMt

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 MT-Komex