What Devex does

Devex Incorporated is a Philippine general construction and engineering firm that delivers complex multi-trade building and infrastructure projects for government agencies and private developers. Operating under seven specialized business units — General Construction, Fire Detection and Alarm Systems (FDAS), HVAC, Cold Storage/Refrigeration, Warehouse Racking, Shopfitting, and Foundation Services — the company provides integrated engineering, procurement, and construction (EPC) delivery as well as standalone trade execution. Its core technology rests on ISO 9001:2015-certified construction management systems and multi-discipline trade integration covering civil, structural, mechanical, plumbing, fire protection, and architectural finishes.

The firm generates revenue primarily through fixed-price and cost-plus EPC contracts with government and private clients, plus specialized trade services billed as standalone scopes. The go-to-market is enterprise field sales targeting government procurement and private developers through direct relationship pursuit; long-cycle, quote-based project pricing is negotiated per scope. Devex holds the PCAB Quadruple A (AAAA) license — the highest contractor classification in the Philippines — achieved in 2024, enabling pursuit of mega-scale projects. Repeat enterprise customers include SM Prime Holdings (retail malls and supermarket redevelopments) and Philippine Urban Living Solutions (MyTown dormitory portfolio). Geographic reach spans Metro Manila and provincial locations across Luzon, with a Bacolod office extending into the Visayas. The company is privately held, led by Charles Edrick Ng (CEO) and Clarke Edinburg Ng (COO), and has grown organically without disclosed external funding.

Name

Devex

Legal name

Devex Incorporated

Website

https://devexinc.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

Devex Incorporated is a Philippine general construction and engineering firm that delivers multi-trade EPC projects for government agencies and private developers across Metro Manila and provincial locations, operating through seven specialized business units.

Ownership category

akta.pro rank

Headquarters

HQ city

Bagong Silang

HQ country

Philippines

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. General Construction / EPC Contracts: Devex generates revenue primarily through engineering, procurement, and construction (EPC) contracts for government and private sector clients. These are large-scale, multi-trade project contracts covering civil works, structural systems, architectural finishes, and MEFPS (mechanical, electrical, fire protection, plumbing/sanitary) systems. Revenue is earned through project milestones and fixed-price or cost-plus contract structures.
2. Specialized Trade Services: Specialized trade services covering individual disciplines (FDAS installation, HVAC installation, refrigeration/cold storage, warehouse racking, shopfitting, foundation works) delivered independently or bundled as part of broader EPC scopes. Clients can engage individual business units separately for standalone technical works.
3. Shopfitting and Fit-Out: Custom shopfitting, interior fit-out, and retail/commercial space delivery for supermarket, retail, and commercial tenants. Includes shelving, display fabrication, storage integration, and quick-deployment fit-outs.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Devex is a Philippine PCAB Quadruple A-licensed general contractor delivering engineering, procurement, and construction (EPC) services across seven specialized business units: General Construction, FDAS, HVAC Systems, Cold Storage/Refrigeration, Warehouse Racking, Shopfitting, and Foundation Services. The company serves government agencies, private developers, retail chains, and food/beverage clients with single-point accountability and ISO 9001:2015 quality management.

Product overview

Devex is a quadruple-A licensed general contractor providing integrated engineering and construction services through multiple specialized business units. The company offers seven distinct service offerings: General Construction (core service covering full-scale multi-storey and commercial construction with civil, structural, architectural, mechanical, plumbing, and FDAS works); FDAS (Fire Detection and Alarm Systems); HVAC Systems; Cold Storage/Refrigeration; Warehouse Rackings; Shopfitting; and Foundation Services. The portfolio operates as coordinated but independent service units, allowing clients to engage individual units or combine multiple units for integrated project delivery. Devex began as an ice manufacturing plant, evolved into HVAC/R services, and expanded into general construction since 2011.

Differentiator

Problem solved

Functional benefit

Products and services

• General Construction Full-scale general contracting services for multi-storey and commercial-grade construction projects, covering civil works, structural works, architectural works, mechanical works, plumbing and sanitary works, and FDAS installation. Built under ISO 9001:2015 quality management for government agencies and private developers.
• FDAS (Fire Detection and Alarm Systems) Installation of Fire Detection and Alarm Systems for commercial, industrial, and high-rise developments, including heat and smoke detection, aspirating sensors, cross-zone configurations, and remote annunciation. Available as a standalone trade or integrated into EPC scopes.
• HVAC Systems HVAC installation services for commercial, industrial, retail, and manufacturing projects, including system design, engineering, supply, and installation using Hitachi, GREE, Hisense, and TOSOT systems with VRV/VRF technology. Recognized with consecutive Hitachi Platinum Awards (2023, 2024).
• Cold Storage / Refrigeration Design and build of temperature-controlled facilities including modular cold rooms, walk-in freezers, with racking and insulation integration for food manufacturing, retail distribution, and bulk storage industries.
• Warehouse Rackings Full-service warehouse racking solutions including design and planning, installation, dismantling, and assessment services for logistics, manufacturing, and cold storage operations.
• Shopfitting End-to-end shopfitting services for modern retail and commercial environments, including custom shelving, display and counter fabrication, storage integration, and quick deployment for business continuity.
• Foundation Services Comprehensive foundation solutions including bored pile foundation, driven pile foundations, sheet piling works, micropile foundations, soil nailing and shotcrete works, riprap works, soil testing, deep wells, and screw pile installation for high-rise, government, and commercial structures.

Quantifiable outcome

• Completed SM City Caloocan (98,000 sqm, 3-storey mall with helipad) on schedule as the first ground-up SM mall built by Devex
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 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 core and minor.

• WTA Architecture and Design StudiocoreStrategic or Co-development Partner · 1 January 2025WTA Architecture and Design Studio served as the design architect for Tagaytay City Hall, a 7-storey, 8,600 sqm government facility that was shortlisted for the World Architecture Festival 2025. The design draws inspiration from Tagaytay's landscape and public identity, with a diamond-shaped form marking the Taal Caldera edge. Devex executed the civil, structural, architectural, MEFPS, and HVAC works under this design partnership.
• Arlo Aluminum Co., Inc.minorStrategic or Co-development Partner · 1 January 2025Arlo Aluminum Co., Inc. served as the façade contractor for Tagaytay City Hall, contributing to the distinctive exterior envelope of the WAF 2025-shortlisted project.
• Philippine Urban Living Solutions (PULS)coreStrategic or Co-development Partner · 29 August 2017Devex and PULS have a long-standing strategic co-development partnership for MyTown dormitory/tenant housing projects. Devex serves as the primary general contractor for PULS's purpose-built rental housing for young professionals near Metro Manila CBDs. Projects include MyTown Athens (opened 2018, first on-time MyTown project in history), MyTown Amsterdam, MyTown Kyoto, MyTown Tokyo, and MyTown Los Angeles (7 storeys + 2 basements, 1000+ rooms). The partnership began with the MyTown Athens project awarded in Q1 2017.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Aboitiz Construction, Inc. General contractor arm of the Aboitiz Group executing industrial, commercial, and infrastructure projects in the Philippines. Comparable to Devex in serving large enterprise clients across mixed-discipline scopes.
• Megawide Construction Corporation: PSE-listed Philippine general contractor with capabilities in commercial buildings, infrastructure, and airport construction. Comparable to Devex in serving mall operators, government, and large private developers.
• First Balfour, Inc. Lopez Group general contractor with strong EPC capabilities in power, infrastructure, and industrial builds. Comparable to Devex in disciplined multi-discipline delivery and pursuit of large Philippine government and industrial projects.
• DMCI Holdings, Inc. Philippine conglomerate with a major construction arm (DMCI Construction) covering high-rise residential, commercial, and infrastructure. Comparable to Devex in multi-trade building delivery for Philippine developers and government.
• EEI Corporation: One of the Philippines' largest general contractors and EPC firms, listed on the PSE. Directly comparable to Devex in multi-discipline general construction, infrastructure, and industrial builds across the Philippine market.
• Makati Development Corporation (MDC): Ayala Group's construction arm executing high-rise, mixed-use, and commercial developments across the Philippines. Comparable to Devex in serving top-tier developers (including SM-adjacent retail and high-rise dormitory segments) with disciplined EPC delivery.

Broad incumbents

• Fluor Corporation: Global Fortune 500 EPC firm delivering large-scale industrial, commercial, and government projects worldwide. Comparable to Devex in EPC delivery model and quality systems, but at vastly greater scale and geographic breadth.
• Samsung C&T Corporation: Global construction and engineering arm of Samsung Group executing high-rise, infrastructure, and commercial mega-projects. Comparable to Devex in design-build quality recognition (e.g., WAF-tier outcomes), but with international scale and balance sheet.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/devexinc
• Xx.com/devexinc
• LinkedInlinkedin.com/company/devexinc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Devex