GK Immobile

What GK Immobile does

Grupa Kapitałowa IMMOBILE S.A. (GK Immobile, WSE: IMMOBILE) is a Polish publicly listed industrial conglomerate headquartered in Bydgoszcz, tracing its origins to 1868 when the predecessor MAKRUM began repairing agricultural machinery. The company has been listed on the Warsaw Stock Exchange since 2007 and operates as the only conglomerate structure on the WSE. Its 501-1000 employees support five distinct operating segments: (1) Industry through PJP Makrum S.A. Industrial Group, which manufactures loading systems (PROMStahl brand, distributed across Poland, Germany, UK), automated parking systems (MODULO), warehouse equipment (Promlift, IPZ forklifts), crushing and grinding machines, and aluminum facades/joinery (Promglass); (2) Industrial Construction via Projprzem Budownictwo (steel structures, industrial halls, warehouses); (3) Automation and Power Engineering via Atrem S.A., providing industrial automation, telemetry, telecommunications, control systems, and renewable energy engineering; (4) Hospitality via Focus Hotels S.A., a nationwide Polish hotel chain operating under Focus Hotel and Focus Hotel Premium brands with 1,110 rooms across 15 properties and an asset-light lease/management model offering guaranteed ROI to property owners; and (5) Real Estate Development via CDI KB, building residential estates (Platanowy Park, Osiedle Uniwersyteckie, Rabatki) and the IMMOBILE K3 Class A office building in Bydgoszcz.

The group's go-to-market is segment-specific enterprise field sales: PJP Makrum sells through dedicated national sales companies and an internal export group covering nearly 40 countries across three continents; Atrem bids on public and private tenders for energy infrastructure projects (serving Energa-Operator, Enea Operator, PGNiG, GAZ-SYSTEM, PSE, Orlen, Polish Military, Poczta Polska); Focus Hotels signs multi-year lease or management contracts with property investors; and CDI KB sells residential apartments directly to end-buyers. Revenue streams are diversified across hardware sales (industrial manufacturing), professional services (engineering, construction), managed services (hotel management), and one-time property sales (real estate development). Pricing is largely project-based and not publicly disclosed.

GK Immobile reported 937 million PLN in 2024 consolidated revenue and achieved record net profit of 51 million PLN in 2025. The company has paid dividends consistently since 2016 (totaling 21 million PLN at the GKI level, nearly 100 million PLN across the listed Group companies) and grew revenue 18-fold over 12 years. Recent strategic actions include the February 2025 divestiture of the non-core PBH S.A. fashion segment, the 2023 acquisition of forklift distributor IPZ, and a planned 2026 merger with three developer subsidiaries (CDI KB, CDI 6, CDI 8) to consolidate the real estate development business.

Name

GK Immobile

Legal name

Grupa Kapitałowa IMMOBILE S.A.

Website

http://www.immobile.com.pl

Company type

Public

Founded year

1868

Operating status

Operating

Headcount range

501–1,000 employees

Short description

GK Immobile is a Polish publicly listed conglomerate (WSE: IMMOBILE) operating five segments—industrial manufacturing (PJP Makrum), construction, automation/power engineering (Atrem), hospitality (Focus Hotels), and real estate development (CDI KB)—serving enterprise clients in energy, industrial, and consumer markets across nearly 40 countries.

Ownership category

akta.pro rank

Product category

Industrial Conglomerate

NAICS

Management of Companies and Enterprises (55), Commercial and Service Industry Machinery Manufacturing (333310)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), General Industrial Machinery & Equipment (3560), Non-Operating Establishments (9995)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industry

Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• Industrial machinery manufacturing
• Hotel chain operations
• Real estate development
• Automation engineering services
• Industrial construction

Headquarters

HQ city

Bydgoszcz

HQ country

Poland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Manufacturing: PJP Makrum generates revenue from manufacturing and selling loading systems (PROMStahl), crushing and grinding machines, warehouse equipment (Promlift, IPZ), modular parking systems (MODULO), and aluminum facades/joinery. Revenue streams include product sales, installation, and after-sales service.
2. Industrial Construction: Projprzem Budownictwo builds industrial facilities including halls, warehouses, and specialized structures for clients. Revenue is project-based, generated from construction contracts.
3. Automation and Power Engineering: Atrem provides engineering services including industrial automation, control and measurement equipment, IT, telemetry, telecommunications, power services for construction, industrial and energy sectors including renewable energy sources. Comprehensive services from design through construction to operation and maintenance.
4. Hospitality: Focus Hotels operates a nationwide hotel chain through leasing and hotel management models. Property owners invest assets in long-term hotel lease segment with guaranteed return on investment.
5. Real Estate Development: CDI KB develops residential housing estates (Platanowy Park, Osiedle Uniwersyteckie, Rabatki) and commercial properties (IMMOBILE K3 office building) in Bydgoszcz market. Revenue recognized upon property transfer.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Grupa Kapitałowa Immobile S.A. is a diversified industrial conglomerate operating five segments: industrial manufacturing (PJP Makrum - loading systems, automated parking platforms, warehouse equipment, crushing machines, aluminum facades), industrial construction (Projprzem Budownictwo), automation and power engineering services (Atrem), real estate development (CDI KB - residential and commercial properties), and hotel operations (Focus Hotels S.A. nationwide chain). The group sells its own manufactured products, delivers engineering and construction services on a project basis, leases and manages hotels, and develops residential estates in Bydgoszcz.

Product overview

Grupa Kapitałowa IMMOBILE S.A. is a conglomerate with five distinct business segments operating under a unified corporate structure. The company operates as: (1) Industry segment through PJP Makrum S.A. Industrial Group comprising loading systems (PROMStahl), automated parking platforms (MODULO), warehouse equipment (Promlift, IPZ), crushing/grinding machines (Makrum), and aluminum products (Promglass); (2) Construction segment via Projprzem Budownictwo; (3) Automation and Power Engineering via Atrem S.A.; (4) Development via CDI KB with residential projects (Platanowy Park, Osiedle Uniwersyteckie, Rabatki) and IMMOBILE K3 office building; and (5) Hospitality via Focus Hotels S.A. chain. The Group's strategy leverages synergies across segments, combining industrial manufacturing, construction, energy services, real estate development, and hotel operations under one holding company.

Differentiator

Problem solved

Functional benefit

Brands

• Focus Hotels: Nationwide hotel chain operating under Focus Hotel (budget) and Focus Hotel Premium (4-star) brands
• PROMStahl
• Modulo Parking
• Promlift
• Makrum
• Promglass
• IPZ
• Platanowy Park
• Osiedle Uniwersyteckie
• Osiedle Rabatki
• IMMOBILE K3

Products and services

• PJP Makrum S.A. Industrial Group Diversified industrial group listed on Warsaw Stock Exchange, manufacturing and selling loading systems (PROMStahl), automated parking platforms (MODULO), warehouse equipment (Promlift, IPZ), crushing and grinding machines, and aluminum facades and joinery (Promglass). Serves industrial and manufacturing companies globally.
• PROMStahl Loading Systems Loading systems and docking platforms operating across Europe for cargo handling and logistics operations.
• MODULO Automated Parking Systems Automated parking platforms and modular parking systems addressing urban parking challenges with growing global demand.
• Promlift Warehouse Equipment Warehouse equipment products including forklifts and warehouse racks, marketed across Europe including the UK market.
• Makrum Crushing and Grinding Machines Traditional MAKRUM product line for crushing and grinding machines with international recognition in mining and aggregate machinery.
• Projprzem Budownictwo Industrial Construction Industrial construction segment specializing in steel structures, industrial building construction, halls, warehouses, and specialized structures for construction firms and facility owners.
• Atrem S.A. Automation and Power Engineering Automation and power engineering company providing engineering services in industrial automation, control systems, IT, telemetry, telecommunications, electrical power services, and renewable energy solutions for energy and industrial sectors.
• CDI KB Real Estate Development Real estate development of residential housing estates (Platanowy Park, Osiedle Uniwersyteckie, Rabatki) and commercial properties (IMMOBILE K3 office building) in Bydgoszcz market with over 2,500 apartments built and under construction.
• Focus Hotels S.A. Hotel Chain Operations Hotel chain operations under Focus Hotel and Focus Hotel Premium brands operating 15 properties across major Polish cities with 1,110 hotel rooms available and 379 under construction, using lease and management contracts.
• IPZ Forklift Distribution and Service Forklift sales, rental and service company with three branches in Poland offering Toyota, Jungheinrich, Zakrem, and Promlift brands across northern Poland.
• Promglass Aluminum Facades and Joinery Aluminum facades, aluminum joinery, lift-and-slide doors, and fire protection products for construction and industrial applications.
• Platanowy Park Housing Estate Residential housing estate on 9.6 hectares in Bydgoszcz with 65,000 m² of usable area across 7 residential stages.
• Osiedle Uniwersyteckie Housing Estate Complex of 15 multi-family buildings in Bydgoszcz's Fordon district with spacious urban layout, functional apartments, and green recreational areas.
• Rabatki Housing Estate Residential housing development in Bydgoszcz's Okole district adjacent to the Bydgoszcz Canal, comprising modern six-story apartment buildings with 130 total apartments.
• IMMOBILE K3 Office Building Modern Class A office building in Bydgoszcz city center with 8,793.36 m² leasable area of office and retail space, located 100 meters from the Old Market Square.

Quantifiable outcome

• Revenue grew 18-fold over 12 years
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Toyota (forklift brand)minorOthers · 1 April 2023IPZ offers Toyota forklifts as part of its product portfolio. IPZ is a distributor of forklift brands including Toyota, Jungheinrich, Zakrem, and Promlift.
• Jungheinrich (forklift brand)minorOthers · 1 April 2023IPZ offers Jungheinrich forklifts as part of its product portfolio for sale, rental, and service.
• Zakrem (forklift brand)minorOthers · 1 April 2023IPZ offers Zakrem forklifts as part of its product portfolio for sale, rental, and service.
• Promlift (forklift brand - subsidiary)coreOthers · 1 April 2023Promlift offers warehouse equipment products including forklifts and warehouse racks. Part of PJP Makrum Industrial Group.

Scale indicators20 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Polimex Mostostal: Polish listed industrial and construction conglomerate operating across energy EPC, general construction, and industrial services. Directly comparable as a Warsaw-listed multi-segment industrial group with similar exposure to Polish energy and infrastructure cycles.
• Grupa Azoty: Major Polish listed industrial conglomerate combining chemicals, plastics, and fertilisers with diversified revenue streams. Comparable as a WSE-listed multi-segment industrial group applying similar holding-company economics.
• Erbud: Polish listed general and industrial construction group active across commercial, residential, and energy infrastructure projects. Directly comparable via Projprzem Budownictwo's industrial construction offering and Polish customer overlap.
• Unibep: Polish listed construction and real estate developer operating in residential development, modular construction, and general building. Comparable through CDI KB's Bydgoszcz-focused residential pipeline and similar Polish construction exposure.
• Jungheinrich: Global leader in forklifts, warehouse equipment, and intralogistics solutions. Directly comparable as a competitor to PJP Makrum's IPZ/Promlift forklift distribution and Promstahl warehouse equipment lines.
• KION Group: European listed intralogistics company combining forklifts (Linde, STILL) with warehouse automation and supply chain solutions. Directly comparable via the IPZ/Promlift warehouse equipment business.
• Dom Development: Leading Polish listed residential real estate developer operating across Warsaw and other major cities. Comparable as a Polish developer competing for residential buyer demand that CDI KB targets in Bydgoszcz.
• Develia: Polish listed residential and commercial real estate developer with multi-city presence including Wrocław, Kraków, and Warsaw. Comparable via CDI KB's residential development segment and similar Polish housing market exposure.

Broad incumbents

• Liebherr: Global family-owned industrial group producing construction machinery, mining equipment, and materials handling systems. Comparable as an incumbent in the broader crushing, mining, and material handling machinery space where PJP Makrum competes.
• Accor (Orbis in Poland): Global hotel operator with significant Polish presence through the historic Orbis brand and Ibis/Mercure/Novotel portfolio. Comparable as a broader incumbent competing against Focus Hotels across Polish mid-scale and budget segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCmcV2iOk4C9nzox3jzGR_Og/noodlemx?sub_confirmation=1

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries13 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 GK Immobile