TM

What TM does

T&M DOO Štip (operating as TM Shtip) is a privately held North Macedonian EPC contractor and electrical hardware manufacturer founded in 2003, headquartered at Strumički pat, 9th km in Štip. The company executes turnkey electrical energy projects — engineering, procurement, construction, and commissioning — for overhead power lines, substations, and transformer stations rated up to 400 kV, under a "key in hand" delivery model. Its service portfolio spans electrical installations for residential, commercial, and industrial buildings; testing and measurement (cable fault detection, voltage and insulation testing, thermographic inspection, dielectric oil testing); photovoltaic/solar system design and installation; and street, park, and decorative lighting systems.

The company combines a services business with in-house manufacturing at its Štip facility, which produces silicone insulators across the full 10–400 kV voltage range, suspension and connection equipment for power lines and substations, electrical cabinets and distribution boards, control panels, metal structures for electrical installations, and supports for photovoltaic systems. The manufacturing site also houses a CNC tool workshop, an assembly workshop, a vehicle maintenance workshop, and warehouse space, providing vertically integrated control over the hardware supply chain that underpins its EPC work. Testing services are delivered through an ISO/IEC 17020-accredited inspection body, with capabilities including protective equipment verification (gloves, boots, mats, helmets, grounding rods, phase indicators) per occupational safety standards.

TM is privately held and appears to be founder/family-operated, with three key contacts (Kole Tasev, Vanko Tasev, and Darko Tasev) listed on the company contact page suggesting primary ownership or executive roles. The company holds Class A licenses for Design, Supervision, and Execution of electrical energy projects up to 400 kV — the highest regulatory authorization in North Macedonia — and maintains a comprehensive management system certification stack (ISO 9001:2015, ISO 14001:2015, ISO 45001, ISO 50001:2018) plus a social responsibility certification. Revenue is generated on a project-by-project basis through direct B2B sales and tendering; all pricing is quote-driven with no published rate cards. The customer base of 500+ clients and 1,200+ completed projects is distributed horizontally across industrial, commercial/infrastructure, and residential segments, with the geographic footprint confined to North Macedonia.

Name

TM

Legal name

Т&М ДОО Штип

Website

https://tmstip.mk

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

TM (T&M DOO Štip) is a North Macedonian EPC contractor and electrical hardware manufacturer founded in 2003, executing turnkey electrical energy projects up to 400 kV and manufacturing silicone insulators, cabinets, and metal structures for industrial, commercial, and residential clients domestically.

Ownership category

akta.pro rank

Product category

Electrical Engineering and Power Infrastructure Services

NAICS

Power and Communication Line and Related Structures Construction (237130), Electrical Equipment Manufacturing (33531), Switchgear and Switchboard Apparatus Manufacturing (335313), Relay and Industrial Control Manufacturing (335314), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Electrical Industrial Apparatus (3620), Electrical Work (1731), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC)

akta.pro secondary industries

Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF), Engineering design services (line design, substation design, civil/structural) (EUADAKAG), Testing, Commissioning & Energization Services (T&C) (IMAFAHAK), O&M, Upgrades & Refurbishment of T&D Assets (Reconductoring, Rebuilds) (IMAFAHAM)

Keywords

• Electrical engineering services
• EPC contracting
• Power line equipment
• Substation construction
• Solar PV installation

Headquarters

HQ city

Stip

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Project Execution: Turnkey execution of electrical energy projects including engineering design, equipment procurement, installation, and commissioning for overhead power lines, substations, and transformer stations up to 400 kV. Revenue is generated on a project basis as a primary business line.
2. Electrical Installation Services: Execution of electrical installations for residential, commercial, and industrial buildings, including assembly of electrical panels, compensation systems, and automation systems.
3. Testing and Measurement Services: Cable fault detection and localization, voltage testing, insulation testing, grounding measurements, lighting measurements, and periodic safety inspections for electrical installations.
4. Solar/PV System Installation: Design and installation of photovoltaic (solar) power plants for households, commercial buildings, and industrial facilities.
5. Manufacturing of Electrical Hardware: Production and sale of overhead and junction equipment for power lines and substations, silicone insulators (10–400 kV), electrical cabinets and panels, metal structures, and custom specialized components.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

T&M DOO Štip is an EPC (Engineering, Procurement, Construction) electrical energy company that designs, supervises, installs, and commissions electrical energy systems — including overhead lines, substations, and transformer stations up to 400 kV. The company also manufactures suspension and connection hardware, silicone insulators, electrical cabinets, and metal structures, and provides testing/measurement and solar PV installation services for industrial, commercial, and residential clients in North Macedonia.

Product overview

T&M DOO Štip is an EPC company providing comprehensive electrical energy solutions. The company operates a manufacturing division producing hardware components (silicone insulators rated 10-400 kV, suspension and connection equipment up to 400 kV, electrical cabinets, control panels, and metal structures) alongside service divisions offering electrical installations, testing and measurements, and energy/lighting systems including photovoltaic installations. The product portfolio combines manufactured equipment with engineering and construction services, delivered under a turnkey "key in hand" principle.

Differentiator

Problem solved

Functional benefit

Products and services

• Suspension and Connection Equipment for Power Lines and Transformer Stations Manufactured suspension and connection hardware components used in the construction and maintenance of overhead power lines and transformer stations rated up to 400 kV.
• Silicone Insulators Silicone insulators with voltage ratings from 10 kV to 400 kV used for electrical insulation in power transmission systems.
• Electrical Cabinets, Distribution Boards, and Control Panels Manufactured electrical cabinets, distribution boards, and control panels for electrical installations.
• Metal Structures for Electrical Installations and Photovoltaic Systems Custom metal structures and supports fabricated for electrical installations and photovoltaic (solar) systems.
• Electrical Installations Execution of electrical installations for residential, commercial, and industrial buildings, including assembly of electrical panels, compensation systems, and automation systems.
• Testing and Measurement Services Testing and measurement services including cable fault detection and localization, voltage testing, insulation integrity checks, grounding and lighting measurements, and periodic safety inspections for electrical installations.
• Energy and Lighting Systems Execution of photovoltaic (solar) power plants for households, commercial buildings, and industrial facilities, along with street, park, and decorative lighting solutions.
• EPC Turnkey Contracting Service Complete EPC (Engineering, Procurement, Construction) contracting service for electrical energy projects, covering initial research and engineering, equipment procurement, full installation, commissioning, and ongoing maintenance on a turnkey 'key in hand' basis.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered minor.

• Partner Logo 1minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 2minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 3minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 4minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 5minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 6minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.
• Partner Logo 7minorOthersPartner company displayed in the Our Partners section on the TM Štip website. Specific partner identity not named in source material.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Regional players

• ELPROM Heavy Industries: Bulgarian manufacturer of power transformers, generators, and T&D equipment. Comparable as a neighboring Balkan electrical equipment producer with overlapping product categories (transformers, switchgear components) and similar sub-regional market exposure.
• ATB SEVER: Serbian manufacturer of electric motors, transformers, and T&D equipment. Comparable as a Western Balkans electrical equipment maker with overlapping customer base of utilities and industrial clients in the same sub-region.

Broad incumbents

• Hitachi Energy (formerly ABB Power Grids): Global leader in substations, transformers, switchgear, and T&D EPC services. Comparable as the dominant incumbent against whose 400 kV substation products and EPC services TM competes and whose equipment TM frequently integrates into its projects.
• GE Vernova (Grid Solutions): Global T&D equipment and services provider covering substations, switchgear, and grid hardware. Comparable as a large incumbent that sets technical standards and pricing benchmarks for substation EPC and T&D hardware in TM's market.
• Siemens Energy: Global T&D EPC and equipment manufacturer with full substation and grid hardware portfolios. Comparable as a large-scale incumbent supplying high-voltage equipment and turnkey EPC into the same European and Balkan utility customers.
• Schneider Electric: Global electrical equipment and grid solutions provider covering switchgear, distribution boards, and T&D automation. Comparable in electrical cabinet, panel, and distribution equipment categories that TM manufactures for substation and building applications.

Emerging players

• Seves Group: European manufacturer of glass and composite insulators for T&D applications. Comparable as an insulator producer competing with TM's in-house silicone insulator line and other regional suppliers for utility procurement.

Direct peers

• KONČAR – Electrical Industry: Croatian electrical equipment manufacturer and T&D services provider operating across the Western Balkans. Closest comparable peer given overlapping scope in substations, overhead line hardware, transformers, and EPC delivery for utilities in the same regional market.
• MacLean Power Systems: US-headquartered manufacturer of overhead line hardware, insulators, and T&D components with European operations. Comparable as a direct competitor in suspension and connection equipment and silicone/composite insulators for 10–400 kV overhead lines.
• Energoinvest: Bosnia and Herzegovina-based EPC and electrical equipment firm with deep T&D, substation, and power equipment manufacturing capabilities. Highly comparable as a regional Balkan EPC + manufacturer competing for similar utility and industrial contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TMstip
• LinkedInlinkedin.com/company/tmstip

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 TM