What Termoinženjering does

Termoinženjering DOO Beograd is a Serbian MEP (mechanical, electrical, and plumbing) engineering and general contracting company founded in 1985 and headquartered in Belgrade. It designs, builds, and services mechanical, electrical, automation, HVAC, and data center installations for industrial plants, commercial buildings, and public facilities, operating across Serbia (Belgrade, Novi Sad, Niš, Pirot) and Bosnia and Herzegovina (Banja Luka). Its customer base includes multinational enterprises such as Nestlé, Cooper Tire, Tigar Tyres, Boysen Abgassysteme, Galenika, Pharmaswiss, and Siemens, as well as public institutions including the National Museum, Palace of Justice, and University of Novi Sad.

The company's service portfolio spans seven lines: general contracting under Design & Build / EPC turnkey contracts; mechanical and electrical installations (HVAC, process fluids, fire protection, power, telecommunications); automation and control (BMS/SCADA, PLC development, lighting control, GMP qualification); in-house low-voltage electrical cabinet manufacturing (<1,000V, switchgears up to 4,000 A); HVAC equipment distribution (Daikin, Evapco, Vertiv, Condair); data center design, build, and service (via Vertiv partnership); and 24/7 service and maintenance with remote monitoring and spare parts. It holds a government construction license (I040G and I040M) from Serbia's Ministry of Construction and ISO 9001, 14001, 45001, and 50001 certifications, enabling execution of Ministry-level and regulated-industry projects.

Revenue is generated primarily through professional services delivered under project-based contracts (general contracting, EPC, and MEP installation) plus hardware sales (electrical cabinets, distributed HVAC equipment) and managed services (data center and HVAC service/maintenance). Pricing is quote-driven and project-specific, with multi-year contract cadences. GTM is enterprise field sales executed through direct negotiations and public/private tenders with investors, developers, and general contractors requiring MEP services. Marketing relies on the company's project reference portfolio, 40-year brand reputation, and multilingual website rather than outbound demand generation.

Name

Termoinženjering

Legal name

Termoinženjering DOO Beograd

Website

https://termoinzenjering.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Termoinženjering is a Belgrade-based MEP engineering and general contracting firm founded in 1985 that delivers design-build and EPC turnkey projects, HVAC and automation installations, data center services, and electrical cabinet manufacturing for industrial, commercial, and public-sector clients across Serbia and Bosnia and Herzegovina.

Ownership category

akta.pro rank

Product category

MEP Engineering and General Contracting

NAICS

Industrial Machinery Manufacturing (33324), Commercial and Service Industry Machinery Manufacturing (33331), Industrial Design Services (54142)

SIC

Electrical Industrial Apparatus (3620), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industries

MEP (Mechanical, Electrical & Plumbing) Engineering Consulting (BPAHAIAE), MEP Systems Installation & Upgrades (HVAC, Electrical, Plumbing) (EDAEABAD)

Keywords

• Mechanical electrical installations
• General contracting services
• HVAC equipment distribution
• Building automation systems
• Industrial construction services

Headquarters

HQ city

Belgrade

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Contractor / EPC Turnkey Contracts: Termoinženjering acts as general contractor delivering complete plants including architectural and construction works under Design & Build or EPC (Engineering, Procurement and Construction) turnkey contracts. Revenue is project-based and earned upon delivery of defined project milestones.
2. MEP Installation Services: Provides mechanical and electrical installation services including HVAC, process fluids, fire extinguishing systems, power installations, telecommunications, and fire alarm/security systems as either standalone contractor or as part of larger projects.
3. Data Center Services: Design, implementation, commissioning, service and maintenance of data centers including equipment supply through Vertiv partnership.
4. HVAC Equipment Trading / Distribution: Distribution and sale of HVAC equipment from manufacturers including Daikin, Evapco, Vertiv, and Condair, with reference projects across Serbia.
5. Electrical Cabinet Manufacturing: Production and assembly of low-voltage electrical cabinets (<1,000V) for various purposes including switchgears, distribution cabinets, and automation cabinets.
6. Service and Maintenance: Preventive and corrective maintenance of HVAC equipment and installations, 24/7 service availability, remote system monitoring, spare parts sales, and training for client technical staff.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Termoinženjering delivers integrated Mechanical, Electrical and Plumbing (MEP) engineering and general contracting services for industrial, commercial and public facilities across Serbia and the Western Balkans. The company executes complete Design & Build and EPC (Engineering, Procurement and Construction) turnkey projects, including architectural and construction works, MEP installations, building automation, low-voltage electrical cabinet manufacturing, HVAC equipment distribution, and ongoing service and maintenance.

Product overview

Termoinženjering is a MEP (Mechanical, Electrical, and Plumbing) and General Contractor offering integrated services for industrial, commercial, and public facilities. The company operates as a single unified service provider combining General Contractor capabilities, Mechanical and Electrical Installations, Automation and Control systems, Electrical Cabinet production, HVAC Equipment Trading, Data Center solutions, and ongoing Service and Maintenance. These services are offered both as standalone installation contracts and as complete Design & Build or EPC Turnkey contracts where the company assumes full responsibility for technical solutions, permits, and building functionality.

Differentiator

Problem solved

Functional benefit

Products and services

• General Contractor Services Complete design and build / turnkey (EPC) contract services including architectural and construction works, MEP installation, and obtaining necessary permits and licenses for industrial, commercial and public facilities.
• Mechanical and Electrical Installations and Systems Installation of HVAC systems, process fluids, mechanical fire extinguishing systems, hydraulic installations, power installations, telecommunications, and fire alarm and security systems for industrial and commercial clients.
• Automation and Control Centralized process management, HVAC automation, centralized lighting control, BMS development, SCADA systems, remote and web access systems, PLC development, and GMP qualification documentation.
• Service and Maintenance 24/7 service support, preventive and corrective maintenance for HVAC equipment and installations, remote system monitoring, spare parts supply, and technical training for client staff.
• Construction and Assembly of Electrical Cabinets In-house production and assembly of low-voltage electrical cabinets (<1,000V) including switchgears up to 4,000 A, power distribution cabinets, and automation cabinets, designed using AutoCAD Electrical and Plan program tools.
• HVAC Equipment Trading Distribution of HVAC equipment from manufacturers including Daikin, Evapco, Vertiv, and Condair, covering air conditioning, evaporative cooling, humidification, and industrial cooling solutions.
• Data Center Design and Implementation Design, build, commissioning, service and maintenance of data centers in partnership with Vertiv, including rack cabinets, precision air conditioning, UPS systems, DC power, PDU, and monitoring and management solutions.

Quantifiable outcome

• Successfully completed Galenika pharmaceutical plant (10,500m2, 2009–2010), Pharmaswiss (17,000m2, 2011–2013), Baby Food Factory (14,000m2, 2018), Boysen factory (38,000m2, 2019–2020), Tigar Tyres facilities (73,000m2, 2013–2014), Main Postal Center (28,000m2, 2010–2013)
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• DaikincoreTechnology or IntegrationLong-standing distribution partnership for HVAC equipment. Daikin offers the widest selection of HVAC solutions from residential air-conditioning to industrial and technical cooling systems.
• EvapcocoreTechnology or IntegrationDistribution partnership for evaporative cooling systems. Evapco is a world leader in manufacturing systems for evaporative cooling for commercial air-conditioning and industrial processes.
• VertivcoreTechnology or IntegrationStrategic partnership for data center design, build, and maintenance. Vertiv is a global leader in critical infrastructure providing power, cooling, and IT infrastructure solutions. Termoinženjering provides design, implementation, commissioning, service, and maintenance of data centers with Vertiv equipment including rack cabinets, precision air conditioning, UPS, monitoring systems, and DC power.
• CondaircoreTechnology or IntegrationDistribution partnership for air humidification and evaporative cooling equipment. Condair is a world-leading manufacturer and supplier of complete solutions for air humidification and evaporative cooling including isothermal and adiabatic humidifiers.
• Daikin / McQuaycoreTechnology or IntegrationService and maintenance partnership for HVAC equipment supply and support. Engineers hold international certificates from manufacturers.
• EmersoncoreTechnology or IntegrationService and maintenance partnership for HVAC equipment represented by Termoinženjering. Emerson Network Power products are serviced by the company's technical team.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Vertiv Holdings: Global critical-infrastructure provider for data centres, communication networks and commercial environments — Termoinženjering is a regional implementation partner for Vertiv, so Vertiv is both an ecosystem enabler and an indirect competitor in the data-center services space.
• Siemens AG: Industrial conglomerate providing automation, building technologies and electrical equipment; appears as both a client (Siemens wind generator factory project) and an adjacent supplier/competitor to Termoinženjering's BMS and MEP scope.
• Schneider Electric SE: Global electrical distribution, automation and energy-management provider — adjacent supplier whose products (switchgear, BMS) compete with Termoinženjering's in-house cabinet and automation offering and may partner or compete on large MEP projects.
• ABB Ltd: Global leader in electrification, motion and industrial automation — adjacent supplier whose switchgear, drives and automation products both feed and compete with Termoinženjering's electrical and automation integration work.

Broad incumbents

• Strabag SE: Large European general contractor active across Serbia and the Western Balkans on industrial, infrastructure and building projects — competes for the same large-tender pipeline as Termoinženjering but with much broader geographic and segment reach.
• Bouygues Construction: International general contractor operating across commercial, industrial and public infrastructure — competes at the top of the regional tender pipeline alongside local Serbian MEP/EPC contractors.
• VINCI Construction: Major European construction and concessions group with regional operations in Southeast Europe — a typical incumbent competitor for the largest industrial and public tenders that Termoinženjering bids on.
• Skanska AB: Global construction and real-estate developer with a long-standing presence in the CEE region — competes for major industrial, public and commercial builds where Termoinženjering acts as MEP/EPC partner.

Direct peers

• Delta Inženjering: Belgrade-based MEP and general contractor operating across industrial, commercial and public buildings in Serbia and the region — closest direct competitor to Termoinženjering in scope, client type and delivery model.
• Energogroup: Serbian MEP and energy-systems contractor delivering HVAC, electrical and automation installations to industrial and public-sector clients — overlaps directly with Termoinženjering's MEP installation and service/maintenance lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/termoinzenjering-d-o-o-

Compliance4 records

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 Termoinženjering