Floyd

What Floyd does

Floyd (บริษัท ฟลอยด์ จำกัด (มหาชน)) is a Thailand-based mechanical, electrical, and plumbing (MEP) engineering contractor founded in 1988 and listed on the Stock Exchange of Thailand under ticker FLOYD. The company delivers full-scope MEP services across four divisions: mechanical systems (HVAC, ventilation, fire protection), electrical systems (high/low voltage power, backup power, telecommunications, building management systems, security), plumbing systems (water supply, drainage, fire suppression), and a specialized MEP-for-data-centers practice covering precision cooling, redundant power, clean agent fire suppression, and structured cabling. Customer segments include data center operators (Damac Data Center Thailand, BCH4 Datacenter), commercial real estate developers (HomePro branches, IDEO Q Sukhumvit 36, Chapter One Shine Bangpo), and healthcare facilities, all served under project-based contracts awarded through competitive bidding.

The company operates a wholly-owned subsidiary, BE ENERGY, which extends the core MEP business into energy services, factory energy systems, and hotel renovation. Revenue is generated primarily through one-time project-based MEP engineering contracts with revenue recognized upon completion, supplemented by consulting and design professional services. Pricing is bespoke and tender-driven rather than list-based. The company employs 101–250 staff and is headquartered in Nonthaburi Province, Thailand; operations are domestic with no disclosed international footprint. Strategic positioning is anchored in three consecutive years of CGR 5-Star governance ratings, the Huawei Excellent Collaboration Award for the Damac Data Center project, and a disclosed 2024 revenue target of 600 million THB with 10–20% annual revenue growth guided through 2027. Profit performance has been strong, with 2024 full-year profit up 123% year-over-year and Q1/2026 profit up 133.90%.

Name

Floyd

Legal name

บริษัท ฟลอยด์ จำกัด (มหาชน)

Website

https://floyd.co.th

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

Floyd is a Thailand-listed MEP (mechanical, electrical, and plumbing) engineering contractor founded in 1988, delivering mechanical, electrical, plumbing, and specialized data center infrastructure services to enterprise, developer, and data center operator clients across Thailand.

Ownership category

akta.pro rank

Product category

MEP Engineering Contracting

NAICS

Electrical Contractors and Other Wiring Installation Contractors (23821)

SIC

Construction - Special Trade Contractors (1700)

akta.pro industry

PRIMARYIMAFAIAH

Data Center MEP & Commissioning (Electrical, Mechanical, BMS, Integrated Systems Testing)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Telecom & Data Infrastructure Construction (Fiber, Towers, Data Centers)

SECONDARYBPAHAIAE

MEP (Mechanical, Electrical & Plumbing) Engineering Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Engineering & Technical Consulting

Keywords

• MEP engineering services
• Data center infrastructure
• HVAC installation services
• Building electrical systems
• Fire suppression contracting

Headquarters

HQ city

Nonthaburi

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. MEP Engineering Project Services: One-time project-based revenue from MEP (Mechanical, Electrical, and Plumbing) engineering installation contracts for buildings, data centers, and industrial facilities. Revenue is recognized upon project completion and delivery.
2. Consulting and Design Services: Engineering consulting and system design services provided as part of comprehensive MEP project delivery.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Floyd is a mechanical and electrical engineering (MEP) contractor delivering design, installation, testing, commissioning, and maintenance services for buildings. Its offerings span Mechanical Systems (HVAC, ventilation, fire protection), Electrical Systems (power distribution, backup, telecommunications, BMS, security), Plumbing Systems (water, drainage, fire suppression piping), and a specialized MEP service line for data centers featuring precision cooling, redundant power, and clean agent fire suppression.

Product overview

Floyd provides comprehensive MEP (Mechanical, Electrical, and Plumbing) engineering services as a full-service contractor. The company operates four core service divisions: Mechanical Systems (HVAC, ventilation, fire protection), Electrical Systems (power distribution, backup systems, telecommunications, BMS, security), Plumbing Systems (water supply, drainage, fire suppression), and specialized MEP for Data Centers. These services span from design and consultation through installation, testing, and commissioning to maintenance, serving commercial buildings, data centers, hospitals, and industrial facilities throughout Thailand.

Differentiator

Problem solved

Functional benefit

Products and services

• Mechanical Systems (งานระบบเครื่องกล) Installation services for air conditioning (HVAC), ventilation, and fire protection systems in buildings. Covers Chilled Water, Package, Split Type, VRF/VRV, and Precision Air Conditioning systems. Targeted at commercial building, data center, and industrial facility clients.
• Electrical Systems (งานระบบไฟฟ้า) Comprehensive electrical installation services including high/low voltage systems, backup power (UPS, generators), telecommunications, network infrastructure, building automation (BMS), access control, and security systems for commercial, residential, and industrial buildings.
• Plumbing Systems (งานระบบสุขาภิบาลและท่อ) Installation of water supply, drainage, sewage treatment, fire suppression piping, water mist systems, and LPG gas systems for buildings and facilities.
• MEP for Data Centers (ระบบ MEP สำหรับดาต้าเซ็นเตอร์) Specialized MEP engineering services designed specifically for data centers, covering precision cooling, redundant power systems, clean agent fire suppression, and structured cabling, ensuring high reliability and continuous operation. Targeted at data center operators and builders.

Quantifiable outcome

• Over 120 quality MEP projects completed
• +2 more outcomes

Named customers5 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

Feature4 records

Partnerships

One partnership is on record.

• Huawei Technologies (Thailand)coreTechnology or Integration · 19 December 2025Floyd partnered with Huawei Technologies for the Damac Data Center Thailand project. Huawei awarded Floyd the 'Excellent Collaboration Award' recognizing excellent collaboration in developing digital infrastructure and solutions. The partnership demonstrates Floyd's capability in delivering data center MEP systems to international standards.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EMCOR Group, Inc. Global provider of mechanical and electrical construction, energy infrastructure and building services with significant data center exposure; comparable business model and customer profile even though much larger and geographically diversified.
• IES Holdings, Inc. US-listed electrical and mechanical services contractor with strong data center vertical; provides a useful public-market comparable for MEP-focused data center revenue mix and margin profile.
• Comfort Systems USA, Inc. Large US-listed mechanical and electrical contractor serving commercial, industrial and data center clients; a relevant incumbent peer for benchmarking data center MEP delivery model and growth trajectory, though operating in a different geography.
• Mitsubishi Electric Asia (Thailand) / Mitsubishi Heavy Industries MEP operations: Large multinational engineering groups with established Thailand operations delivering MEP, HVAC and electrical systems for data centers, commercial and industrial facilities; broader incumbents that compete for premium data center MEP scopes.

Direct peers

• PSG Corporation Public Company Limited: Thai-listed engineering and contracting firm with MEP and building systems capabilities serving commercial, residential and industrial clients; comparable in scale, regional focus and service mix to Floyd's core MEP contracting business.
• Christiani & Nielsen (Thai) Co., Ltd. Established Thai MEP and construction contractor offering mechanical, electrical and plumbing services across commercial buildings and infrastructure; directly comparable as a domestic full-service MEP competitor competing for the same Thai project tenders.
• Arem Engineering Public Company Limited: Thailand-based MEP contractor specializing in air conditioning, electrical and plumbing installations for commercial and industrial buildings; comparable in core MEP service offering, customer base and project delivery model.
• Demco Public Company Limited: Thai-listed engineering contractor providing electrical, mechanical and telecommunications infrastructure for buildings, utilities and data centers; a direct peer competing for similar MEP and data center scopes in Thailand.

Regional players

• ST Engineering (Singapore Technologies Engineering): Singapore-based large engineering group with facilities and MEP capabilities serving commercial, industrial and data center clients across SE Asia; a regional peer competing for the same hyperscale and enterprise project pipeline.
• Yokogawa Electric / Facility MEP divisions of Japanese EPCs: Japanese EPC and engineering firms with regional Thailand and SE Asia operations delivering MEP, instrumentation and facility systems for data centers and industrial sites; relevant regional competitor for international-standard MEP scopes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 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 Floyd