I. Kloukinas-I. Lappas Construction & Commerce

What I. Kloukinas-I. Lappas Construction & Commerce does

I. Kloukinas-I. Lappas Construction & Commerce is a Greek construction and commercial company founded in Athens in 1986 by Ioannis Kloukinas and Ioannis Lappas and publicly listed on the Athens Stock Exchange since February 2004 under the ticker KL.M.AE. The company historically operated two principal business lines: (1) construction of complex and specialized technical projects primarily for the private sector, including office buildings, retail stores, hotels, and infrastructure works, and (2) commercial retail operations as the exclusive representative of British Mothercare products in Greece and the Balkans, later extended to Early Learning Centre stores.

The construction segment served a diversified base of enterprise and government clients including ZARA Hellas, Marks & Spencer, Sephora, Kosmocar S.A., Media Markt Athens V, the Hellenic Air Force, TrinATARIUM Properties, CANA S.A., and REMES S.A., delivering projects such as retail fit-outs, office buildings, hotel renovations (including the historic Poseidonian Hotel in Spetses), automotive showrooms, and airport runway reconstruction. The retail franchise segment operated approximately 40 Mothercare stores in Greece—achieving over 35-40% market share in the baby and children's products category—and expanded through franchise agreements into Bulgaria, Serbia, Albania, and North Macedonia, alongside Early Learning Centre stores.

The company has executed repeated corporate restructurings: a 2008 spin-off of the construction sector into a wholly owned subsidiary (I. Kloukinas - I. Lappas Technical S.A.), a 2013 absorption of subsidiary KL Energy S.A. (renewable hydroelectric energy), a 2019 share capital reduction, and a 2024 partial demerger of the Baby and Children's Goods segment, culminating in a November 2024 shareholder-approved merger and rebrand to Europa Holdings AE (ΕΥΡΩΠΗ HOLDINGS AE). The go-to-market combines direct enterprise sales for construction with a franchise-driven retail expansion model for international children's brands across Greece and the Balkans.

Name

I. Kloukinas-I. Lappas Construction & Commerce

Legal name

I. Kloukinas - I. Lappas Technical and Commercial S.A. (Ι. ΚΛΟΥΚΙΝΑΣ - Ι. ΛΑΠΠΑΣ Α.Ε.)

Website

http://www.klmate.gr

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

Greek construction and commercial firm founded in 1986, publicly listed on the Athens Stock Exchange since 2004. Operates construction services for private-sector projects and exclusive Mothercare and Early Learning Centre retail franchises across Greece and the Balkans; currently being merged into Europa Holdings AE.

Ownership category

akta.pro rank

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: The company undertakes complex and specialized technical construction projects primarily for the private sector, including office buildings, retail stores, hotels, and public infrastructure works.
2. Retail/Franchise Operations: As exclusive representative of Mothercare products in Greece and the Balkans, the company operates retail stores generating revenue from sales and pays royalties to the franchisor.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

The company undertakes complex and specialized technical construction projects primarily for the private sector in Greece and the Balkans, including office buildings, retail stores, hotels, and infrastructure works. It also operates as the exclusive representative of Mothercare and Early Learning Centre (ELC) in Greece and the Balkans, running retail franchise stores for baby, children's products, and toys. A smaller renewable energy segment operates hydroelectric projects.

Product overview

I. Kloukinas-I. Lappas SA is a construction and commercial company established in Athens in 1986, with two main business activities: (1) technical/construction services involving the construction of complex specialized technical projects primarily for the private sector, and (2) commercial activities as the exclusive representative of British Mothercare products in Greece and the Balkans. The company also operates the Early Learning Centre toy retail chain (acquired via Compton House Hellas) and has expanded into renewable energy with hydroelectric projects. The company is listed on the Athens Stock Exchange since February 2004.

Differentiator

Problem solved

Functional benefit

Brands

• Mothercare: British infant and children's products retail franchise operated by the company in Greece and Balkans - offering clothing, equipment, and toys for babies and young children
• Early Learning Centre

Products and services

• Construction & Technical Services Construction of complex and specialized technical projects primarily for the private sector, including office buildings, retail stores, hotels, renovation works, and public infrastructure such as airport runway reconstruction. Customers include retail chains (ZARA, Marks & Spencer, Sephora), automotive firms (Kosmocar), hospitality operators, real estate developers, and government agencies (Hellenic Air Force). The construction segment was spun off into a 100% subsidiary (I. Kloukinas - I. Lappas Technical S.A.) in 2008.
• Mothercare Retail Franchise Exclusive representative of British Mothercare products in Greece and the Balkans, operating Mothercare retail stores under franchise agreement selling baby, children's, infant, and maternity clothing, equipment, and accessories. Approximately 40+ stores operated in Greece with additional presence in Bulgaria, North Macedonia, Serbia, and Albania. Mothercare held over 35-40% market share in Greece. The commercial sector was demerged in May 2024.
• Early Learning Centre (ELC) Franchise Children's toys and educational products retail chain acquired through the Compton House Hellas acquisition. ELC is a UK-based leading toy retailer for ages 0-6, originally with over 215 stores in the UK and 19 other countries. Operations were planned for Balkan countries including Romania, Bulgaria, North Macedonia, Slovenia, Croatia, Serbia, Albania, Bosnia-Herzegovina, and Montenegro.
• Renewable Energy Operations Energy production from renewable sources, specifically hydroelectric projects. The company operates a 2.5 MW license and two additional licenses totaling 5 MW in installation phase. Operations were conducted through subsidiary KL ENERGY S.A. before its absorption into the parent.

Quantifiable outcome

• Group net equity increased 21.36% to 66.4 million euros in 2007
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Intracom HoldingsminorStrategic or Co-development Partner · 3 February 2023Memorandum of Understanding signed with Intracom Holdings. Details of the strategic cooperation were not disclosed.
• Mothercare UKcoreStrategic or Co-development Partner · 12 October 2007I. Kloukinas-I. Lappas is the exclusive representative of Mothercare British products in Greece and the Balkans. The partnership involves operating Mothercare retail stores under franchise agreement. The company has opened stores in Greece, Bulgaria, and North Macedonia. Mothercare provides brand rights, product supply, and operational standards while the company manages store operations and expansion.
• Early Learning Centre (ELC) / Mothercare UKcoreStrategic or Co-development Partner · 12 October 2007Agreement with Mothercare UK for the development of Early Learning Centre stores in Balkan countries: Romania, Bulgaria, North Macedonia, Slovenia, Croatia, Serbia, Albania, Bosnia-Herzegovina, and Montenegro. The franchise agreement was expected to be signed in the near term with stores planned to open within 2008. ELC is a leading toy retailer for ages 0-6 in the UK with over 215 stores in the UK and 19 other countries.
• SamsungminorStrategic or Co-development Partner · 12 October 2007ENITELEIA Anonymous Woodworking Company, in which I. Kloukinas-I. Lappas holds a 40% stake, partnered with Samsung for the introduction, processing, and trade of homogeneous surfaces, quartz granites, and engineered stone (technomarble) used in kitchen countertops, hotels, hospitals, surgeries, and ships. The company uses the factory of KLI Theta Woodworking EPE in Oinofyta, Boeotia.
• ENTELEIA Anonymous Woodworking CompanyminorStrategic or Co-development Partner · 12 October 2007I. Kloukinas-I. Lappas holds a 40% stake in ENTELEIA A.E., a woodworking company established with initial capital of 100,000 euros, aimed at expanding into new markets with profitable prospects in quartzite and engineered stone surfaces for kitchens, hotels, hospitals, and marine applications.

Scale indicators5 records

Recent moves17 records

Expansion highlights4 records

Direct peers

• GEK Terna: Major Greek construction and energy conglomerate with concessions, real estate, and renewable energy operations — directly comparable to the company's historical combination of construction services plus KL ENERGY hydroelectric generation, both listed on the Athens Stock Exchange.
• Ellaktor: Athens-listed Greek construction group operating across infrastructure, real estate development, and concessions — a directly comparable peer for the company's core private-sector construction business and similar project-based revenue model.
• AVAX: Athens-listed Greek construction contractor executing buildings, infrastructure, and energy projects across Greece and the Balkans — directly comparable peer in scale, geography, and construction segment focus.
• Terna Energy: Athens-listed Greek renewable energy company operating wind, hydro, and solar assets — directly comparable to the company's KL ENERGY hydroelectric subsidiary (2.5 MW operating + 5 MW pipeline) and serves as a clear scale benchmark for that business line.
• Fourlis Holdings: Athens-listed Greek holding company operating the IKEA franchise and Intersport retail across Greece and the Balkans — directly comparable peer for the company's Mothercare/ELC exclusive franchise distribution model across the same regional footprint.
• Jumbo: Athens-listed Greek toy and baby-products retailer with a strong Balkan store network — directly comparable peer for the Mothercare/ELC retail segment, particularly given overlapping product categories in children's toys and baby goods.

Broad incumbents

• Intracom Holdings: Athens-listed Greek technology and construction holding group with IT, defense, and construction segments — a broad incumbent peer; the company actually signed a 2023 MoU with Intracom Holdings, indicating strategic overlap in the Greek corporate landscape.
• Viohalco: Athens-listed Belgian-Greek industrial holding company with metals, steel, and real estate subsidiaries — a broad incumbent peer illustrating the holding-company trajectory the company is pursuing via the Europa Holdings rebrand.
• Titan Cement International: Athens-listed Greek building materials producer (cement, aggregates, ready-mix) operating across Southeast Europe — a broad incumbent peer in the Greek/Balkan construction value chain, providing macro context for the construction end-market.
• Motor Oil Hellas: Athens-listed Greek energy group with refining, renewables, and power operations — a broad incumbent peer for the KL ENERGY hydroelectric generation business and indicative of larger Greek-listed energy plays.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/i-kloukinas-i-lappas-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 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 I. Kloukinas-I. Lappas Construction & Commerce