Elika S.A.

What Elika S.A. does

Elika S.A. (legal name ΕΛΙΚΑ Α.Τ.Ε.Ε., a Greek Ανώνυμη Τεχνική Εταιρεία) is a heavy civil construction company founded in 1995 and headquartered in Kozani, Western Macedonia, Greece, with a secondary office in Panorama, Thessaloniki. The company is family-controlled, with Demetrios I. Koupatsaris serving as Chairman and CEO, Nikolaos I. Koupatsaris as Vice Chairman and Technical Director, and Maria I. Koupatsari as Board Member, and operates with 150+ specialized technical personnel including civil and mechanical engineers. It holds the 5th class (highest tier) MEEP (Μητρώο Εργοληπτικών Επιχειρήσεων) certification from the Greek Construction Companies Registry, €7,500,000 in creditworthiness capacity, and four ISO certifications (9001:2015, 14001:2015, 45001:2018, 39001:2012).

The company executes eight categories of infrastructure projects: airport construction, harbor and marine works, road construction, hydraulic and dam projects, industrial and energy infrastructure, mining operations, wind farms, and general building works. Its core technical capability is large-scale earthmoving and excavation, demonstrated by 197,906,302.67 m³ of lignite mining work executed across 30 contracts for the Public Power Corporation (Δ.Ε.Η./D.E.I.) between 2003 and 2015 at Kozani, Ptolemaida, and Megalopolis. Notable project awards include the Airport of Alexandroupoli (€36.78M), Airport of Sitia (€20.59M), the Albania Road Maintenance and Safety Project Lot D (€16.54M), and quay wall construction at the New Port of Kavala for the Port Authority of Kavala.

Elika generates revenue primarily through public-sector construction contracts awarded via competitive tenders, supplemented by private-sector turnkey and design-build engagements. Its go-to-market is enterprise field sales targeting government infrastructure buyers, with participation in tenders both domestically in Greece and internationally in European markets (Albania). Total turnover over the trailing decade reached €305,320,680.56, and the company has been actively soliciting investment partners through a dedicated "Investment Opportunities" section on its website and an [email protected] contact channel.

Name

Elika S.A.

Legal name

ΕΛΙΚΑ Α.Τ.Ε.Ε.

Website

https://elika.gr

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Elika S.A. is a Greek heavy civil construction company (5th-class MEEP certified, family-controlled Koupatsaris family) executing airports, ports, roads, dams, mining, and wind farm projects primarily for Greek and Balkan public-sector clients.

Ownership category

akta.pro rank

Product category

Heavy Civil Infrastructure Construction

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Modular/Offsite General Contracting & Installation (IMAFAAAK)

Keywords

• Heavy civil construction
• Infrastructure development
• Public works contracting
• Mining excavation services
• Road and airport construction

Headquarters

HQ city

Kozani

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Public Infrastructure Construction Contracts: Revenue generated from government infrastructure projects including airports, ports, roads, dams, and mining operations contracted through public tenders.
2. Private Construction Projects: Private sector construction work including turnkey projects, design-and-build contracts, and partnering arrangements with clients.
3. Mining Operations Services: Excavation, loading, transport, deposition and spreading of overburden and lignite for Public Power Corporation (D.E.I.), involving 30 contracts totaling 197,906,302.67 m3 from 2003 to 2015.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Elika S.A. is a Greek heavy civil construction firm that executes large-scale public and private infrastructure projects on a contract basis. Its core work covers airport construction, port and harbor construction, road networks, hydraulic and dam projects, industrial and energy infrastructure (including wind farms), and mining/earthmoving services for lignite extraction. Customers are primarily Greek government agencies, the Public Power Corporation (Δ.Ε.Η.), and select private developers, with contracts awarded through competitive public tenders or direct negotiation.

Product overview

Elika S.A. is a Greek construction company (ΕΛΙΚΑ Α.Τ.Ε.Ε.) classified as a 5th class construction company under MEEP (Μητρώο Εργοληπτών Εργοδοτών Πελάγους). The company operates as a single unified service offering focused on public works construction across eight distinct project categories: Airport Construction, Harbor/Marine Construction, Road Construction, Hydraulic/Dam Construction, Industrial/Energy Projects, Mining Operations Services, Wind Farm Projects, and General Building/Construction. The company holds EN-ISO9001:2015, EN-ISO14001:2015, ISO45001:2018, and ISO39001:2012 certifications for quality management, environmental management, occupational health and safety, and road traffic safety management systems respectively.

Differentiator

Problem solved

Functional benefit

Products and services

• Airport Construction Projects Construction and development of airport infrastructure including terminal buildings, runway systems, and airport facilities for government clients in Greece (e.g., Sitia, Alexandroupoli).
• Harbor and Marine Construction Projects Construction of port facilities including quays, breakwaters, harbor extensions, and coastal protection structures for clients such as the Port Authority of Kavala.
• Road Construction Projects Construction and maintenance of road networks including highway improvements, road upgrades, and infrastructure maintenance projects for government clients in Greece and Albania.
• Hydraulic and Dam Construction Projects Construction of water infrastructure including dams, flood control systems, stream regularization, and water management facilities for public sector clients.
• Industrial and Energy Construction Projects Construction of energy sector infrastructure including power distribution networks and industrial facilities for energy companies such as the Public Power Corporation (Δ.Ε.Η.).
• Mining Operations Services Excavation, earthmoving, and lignite transportation services for mining operations, including overburden removal and material handling for the Public Power Corporation (Δ.Ε.Η.) across Kozani, Ptolemaida, and Megalopolis mines.
• Wind Farm Construction Projects Construction services for wind energy infrastructure and renewable energy park developments for public and private clients.
• Building and Construction Projects General construction services including commercial buildings, border station facilities, and retail establishments for private and public clients.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• D.E.I. (Public Power Corporation/ΔΕΗ)coreStrategic or Co-development PartnerLong-standing strategic partnership for mining operations at lignite mines in Kozani, Ptolemaida, and Megalopolis. Company has executed 30 contracts from 2003-2015 totaling 197.9 million m3 of excavation and material transport for power generation infrastructure.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Ellaktor Group: Greek-listed construction, concessions, and environment group active in roads, buildings, and infrastructure PPPs in Greece and South-East Europe. Overlaps on MEEP-class public tendering and Greek public-sector revenue mix, but operates at materially larger scale with concessions exposure.
• GEK TERNA Group: One of the largest Greek infrastructure, concessions, and renewables groups, with overlapping capabilities in heavy civil, airports, energy, and roads. Comparable on customer base (Greek state, PPC) though substantially larger and vertically integrated into concessions and power generation.
• Terna S.A. Greek construction arm historically active in transportation, buildings, and energy infrastructure before being grouped within GEK TERNA. Comparable on Greek public-works bidding and infrastructure scope, though now embedded within a much larger group.

Direct peers

• AKTOR Group: Greek-listed infrastructure and concessions group (AKTOR) that delivers heavy civil, airports, ports, roads, and mining/earthworks across Greece and the Balkans. Directly comparable on MEEP-credentialed public tendering, earthworks scope, and Greek public-sector customer base.
• J&P Avax S.A. Greek-listed construction contractor executing buildings, infrastructure, energy, and mining works in Greece and South-Eastern Europe. Comparable in scope (roads, hydraulic, energy, industrial) and target customer (Greek public sector and SOEs).
• Archirodon Group NV: Greek-rooted international EPC contractor executing marine works, ports, airports, roads, and industrial projects across the Mediterranean and Balkans. Comparable on heavy-civil civil/marine portfolio and on bidding into Greek and cross-border public tenders.
• Intrakat S.A. Greek construction and telecommunications-infrastructure contractor active in civil works, energy, and environmental projects throughout Greece and the Balkans. Comparable on infrastructure scope, MEEP-tier tender participation, and reliance on Greek public works.
• Damco Energy S.A. Greek engineering and construction firm delivering industrial, energy, oil & gas, and civil infrastructure projects for Greek SOEs and private clients. Comparable on industrial/energy construction scope and customer overlap (D.E.I., public sector).

Emerging players

• Webuild S.p.A. Italian-headquartered global infrastructure group executing roads, bridges, tunnels, ports, and energy works across Europe, including Greece and the Balkans. Comparable on heavy-civil delivery at the upper end of project scale, and a likely counter-bidder in EU-financed tenders.
• Strabag SE: Austrian-headquartered European construction group with significant operations across the Balkans, Greece, and South-East Europe across transportation infrastructure, earthworks, and energy projects. Increasingly competing in the same Greek and EU-funded Western Balkans tenders as Elika.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/elika-s-a-

Compliance4 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 Elika S.A.