AVTOMAGISTRALI - TCHERNO MORE JSC

What AVTOMAGISTRALI - TCHERNO MORE JSC does

Avtomagistrali - Tcherno More JSC is a Bulgarian vertically integrated road construction and civil engineering contractor headquartered in Shumen, tracing its legal lineage to a 1967 Shumen construction entity within the state 'Patni Stroezhi' (Road Construction) holding and restructured into a private joint-stock company in 1997. The company designs, builds, rehabilitates, and maintains roads, motorways, bridges, irrigation systems, water and sewerage networks, port infrastructure, and industrial/residential buildings, while also producing and selling bituminous mixtures, aggregates, and ready-mix concrete from its own plants and quarries. Its production base comprises four asphalt plants, four quarries, twelve concrete plants, an extensive owned equipment fleet (including 12 asphalt pavers and 65 dump trucks), an accredited in-house road-testing laboratory, and an aerial-photogrammetry-equipped geodetic survey team.

The company's technology stack is conventional construction engineering rather than digital: it relies on licensed survey/design software, ISO-certified management systems (9001, 14001, 45001, 39001, 50001), and an ISO 17025-accredited laboratory for materials quality control. The primary revenue engine is public-tender construction work for the Bulgarian Road Infrastructure Agency, the Ministry of Regional Development and Public Works, and municipalities across Bulgaria; secondary streams include sales of construction materials to private contractors and rental of equipment and transport services. Pricing is individually negotiated per client for materials and is contract-based (with multi-year duration) for major infrastructure works, as exemplified by the BGN 876.5M Ruse–Veliko Tarnovo Motorway design-build JV awarded in October 2022. The company serves customers exclusively within Bulgaria, with no disclosed international footprint, private equity backing, or public listing.

Name

AVTOMAGISTRALI - TCHERNO MORE JSC

Legal name

AVTOMAGISTRALI TCHERNO MORE JSC

Website

https://amshumen.com

Company type

Private

Founded year

1967

Operating status

Operating

Short description

Avtomagistrali - Tcherno More JSC is a Bulgarian vertically integrated road and civil infrastructure contractor that designs, builds, and maintains motorways, roads, bridges, and related infrastructure for the Bulgarian government and municipalities, and produces asphalt, aggregates, and concrete from its own plants and quarries.

Ownership category

akta.pro rank

Headquarters

HQ city

Shumen

HQ country

Bulgaria

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction and Infrastructure Project Services: The company derives primary revenue from design, construction, rehabilitation, and maintenance of roads, motorways, bridges, irrigation systems, water supply and sewerage systems, port infrastructure, and other civil engineering projects through public tendering.
2. Construction Materials Sales: Sale of bituminous mixtures, aggregates, and concrete mixes produced at company-owned plants to external customers. Pricing is individual per client, depending on quantities, transport, and specifications.
3. Equipment and Transport Services: Rental of construction equipment and transport vehicles to customers, as well as laboratory testing services, geodetic surveys, and design services provided to external clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Avtomagistrali - Tcherno More JSC is a vertically integrated Bulgarian road construction and infrastructure contractor. It produces and sells bituminous mixtures (asphalt), aggregates, and concrete mixes from its own plants and quarries, and delivers design, construction, rehabilitation, and maintenance services for roads, motorways, bridges, water supply, sewerage, and port infrastructure. Secondary offerings include construction equipment rental, transport services, accredited laboratory testing, and geodetic surveys.

Product overview

Avtomagistrali - Tcherno More JSC is a Bulgarian construction company offering a vertically integrated portfolio of construction materials and services. The core materials include bituminous mixtures (asphalt) produced at five asphalt plants, aggregates extracted and processed at four quarries, and concrete mixes from seven concrete plants. These materials support the company's primary service offerings: construction services (roads, infrastructure, buildings), design services, equipment rental, transport, laboratory testing, and geodetic surveying. The company operates as both a materials supplier and a full-service construction contractor.

Differentiator

Problem solved

Functional benefit

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Lider Consult Joint Venture (Partnership: Traffic Holding EOOD, Stroll-1000 AD, EN AR Consult EOOD, De Ni Di EOOD)coreImplementation/ SI/ Consulting Partner · 21 December 2022The Lider Consult Joint Venture provides construction supervision for the Ruse - Veliko Tarnovo Motorway project under Contract No. RD-37-101 of 21 December 2022, valued at BGN 12,739,286.25 excluding VAT, with a supervision period of 2,175 calendar days.
• HEMUS-16320 Joint Venture (Partnership: InfraExpert AD, Avtomagistrali - Tcherno More JSC, Patengineeringstroy-T EAD, Transconsult-22 EOOD)coreStrategic or Co-development Partner · 18 October 2022Avtomagistrali - Tcherno More JSC is a partner in the HEMUS-16320 Joint Venture for the Design-Build of Ruse - Veliko Tarnovo Motorway, Lot No. 1 (Ruse - Byala section, 40.24 km). The joint venture is responsible for design and construction under Contract No. RD-37-55 of 18 October 2022, valued at BGN 876,525,100.64 excluding VAT, with a construction period of 2,120 calendar days.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• TRACE Group Hold: Bulgarian publicly-listed road and infrastructure construction company with comparable motorway, highway, and urban infrastructure capabilities, directly competing for the same Road Infrastructure Agency tenders in Bulgaria.
• Glavbolgarstroy AD: One of Bulgaria's largest general contractors covering roads, infrastructure, and buildings with comparable vertically-integrated capabilities; competes directly for the same public infrastructure tenders.
• Patengineeringstroy-T EAD: Bulgarian road construction contractor and JV partner in the HEMUS-16320 consortium with Avtomagistrali - Tcherno More; offers highly comparable motorway and infrastructure services in the Bulgarian market.

Broad incumbents

• Strabag SE: Austria-headquartered, one of Europe's largest construction groups with significant road, bridge, and civil engineering operations across CEE — increasingly bidding on EU-funded Bulgarian motorway projects.
• Skanska AB: Sweden-based global construction and infrastructure developer with established CEE operations including road and highway construction; a credible competitor for large EU-funded Bulgarian tenders.
• VINCI Construction: French global construction major with extensive road, motorway, and civil infrastructure portfolio; operates across CEE and represents the type of pan-European player increasingly entering the Bulgarian market.
• Hochtief AG: Germany-based global infrastructure constructor (ACS-controlled) with significant transportation infrastructure capabilities; active across CEE and capable of bidding on Bulgaria's largest EU-funded projects.
• ACS Group / Cobra IS: Spain-based global infrastructure conglomerate with extensive road and civil engineering operations across Europe; represents a credible competitor for large-scale Bulgarian infrastructure contracts.

Regional players

• Terna SA: Greece's largest construction group specialized in roads, motorways, and large infrastructure projects; offers comparable road-building capabilities and operating model in a neighboring Balkan EU market.

Emerging players

• Geotechmin OOD: Bulgarian mining, quarrying, and infrastructure group with overlap in aggregate production and civil construction; partial overlap with Avtomagistrali's aggregates and infrastructure operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance6 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 AVTOMAGISTRALI - TCHERNO MORE JSC