Magyar Építő Zrt.

What Magyar Építő Zrt. does

Magyar Építő Zrt. is a 135-year-old Hungarian general construction contractor founded in 1889 as a subsidiary of the Ganz Group. Operating as a main contractor (generálkivitelező), the company executes large-scale public infrastructure, cultural, sports, healthcare, and commercial projects primarily through competitive public tenders and consortium bids. Its reference portfolio includes nationally significant landmarks: Puskás Aréna (67,000+ capacity stadium, 2017-2019), the Nemzeti Atlétikai Központ (160,000 m² athletics center, delivered 2024 in consortium with ZÁÉV Zrt.), the Néprajzi Múzeum, the Magyar Zene Háza, and the Szépművészeti Múzeum Roman Hall restoration. The company holds NATO qualified supplier status, MVM Paksi Atomerőmű Zrt. supplier qualification, and the full integrated ISO suite (9001, 14001, 45001, 50001, ISO/IEC 27001), positioning it for security-sensitive and complex public procurement.

The company's service portfolio spans construction management (építőipari fővállalkozás), general contracting, high-rise construction, special civil engineering, mechanical and electrical installation, and specialist trades, supplemented by warehouse rental and equipment leasing. Since 2016, Magyar Építő has operated within WHB Group — formed through a management agreement involving Kőrösaszfalt Mélyépítő Zrt. (which acquired ~79% of shares in 2015), West Hungária Bau Kft., and Építő és Épületkarbantartó Zrt. — described as one of Hungary's largest construction organizations. Five wholly-owned subsidiaries cover electrical installation, real estate operations, specialized construction, and maintenance, supporting vertical integration across project delivery.

Revenue is generated project-by-project under construction contracts awarded via public procurement or direct negotiation, with the bulk of demand coming from Hungarian government ministries, municipalities, state-owned institutions, and — to a lesser extent — private commercial and residential developers. The company is privately held, headquartered in Budapest's XIV. district (Pillangó u. 28.), and reported FY2025 revenue of HUF 21,379,908,000 (~USD 50–60M). Its primary customer segment is the Government & Public Sector, with private commercial/institutional and real estate developers as secondary segments.

Name

Magyar Építő Zrt.

Legal name

Magyar Építő Zrt.

Website

https://magyarepito.hu

Company type

Private

Founded year

1889

Operating status

Operating

Headcount range

11–50 employees

Short description

Magyar Építő Zrt. is a 135-year-old Hungarian general contractor building public infrastructure, stadiums, museums, hospitals, and commercial buildings via public tenders and consortium bids. A key member of WHB Group, it serves government ministries, municipalities, and private developers across Hungary.

Ownership category

akta.pro rank

Product category

General Construction Contracting

NAICS

Architectural, Engineering, and Related Services (5413)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

Keywords

• General construction contracting
• Building construction services
• Civil engineering
• Heritage building restoration
• Commercial construction

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Contracting / Construction Services: Magyar Építő Zrt. generates revenue primarily as a main contractor (fővállalkozó/generálkivitelező) executing construction projects for public and private clients. Revenue is project-based, earned through construction contracts awarded via competitive tendering or direct negotiation. The company also performs specialized construction work (speciális mélyépítés, épületgépészeti és villamossági munkák, szakipari munkák) either as primary or subcontracted scope.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Magyar Építő Zrt. is a Hungarian general contractor executing large-scale building construction, civil engineering, and specialty trade projects as main contractor (generálkivitelező). The company provides comprehensive construction services including main contracting, general contracting, high-rise construction, special civil engineering, mechanical and electrical installation, and specialist trade works. It also rents warehouse space and construction equipment. Revenue is earned primarily through project-based construction contracts awarded via competitive tendering and direct negotiation with public and private clients.

Product overview

Magyar Építő Zrt. is a traditional construction company offering a unified portfolio of construction services rather than a software platform. The core offering includes main contracting (Építőipari fővállalkozás), general construction (Generálkivitelezés), high-rise building (Magasépítés), specialized civil engineering (Speciális mélyépítés), mechanical and electrical works (Épületgépészeti és villamossági munkák), specialist trades (Szakipari munkák), and warehouse/equipment rental (Raktár bérbeadás, eszköz park). The company executes landmark projects including stadiums (Puskás Aréna, Nemzeti Atlétikai Központ), cultural institutions (Magyar Zene Háza, Néprajzi Múzeum), and residential developments (Lake Resort Keszthely). As a member of WHB Group, the company operates as a general contractor without a software product or digital platform offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Main Construction Contracting (Építőipari fővállalkozás)

Named customers17 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Épkar Zrt.coreStrategic or Co-development Partner · 1 January 2025Magyar Építő Zrt. and Épkar Zrt. formed a consortium for the Hunyadi téri vásárcsarnok (Hunyadi Market Hall) renovation project in Budapest's Terézváros district. The consortium was awarded the construction contract in January 2025, with a 24-month project duration. The partnership combines the capabilities of both leading Hungarian construction firms for this heritage building renovation.
• ZÁÉV Zrt.coreStrategic or Co-development Partner · 1 January 2020ZÁÉV Zrt. partnered with Magyar Építő Zrt. in a consortium for the Nemzeti Atlétikai Központ (National Athletics Center) project — one of Hungary's most significant recent construction projects. The consortium won the Építőipari Nívódíj for the project in 2024 and also won dual Architizer A+Awards in 2025. The two companies have also collaborated on the Puskás Aréna park (EURO 2020 project) and the Nemzeti Atlétikai Központ Edzőpálya (training track).
• West Hungária Bau Kft. (WHB)coreStrategic or Co-development Partner · 1 January 2016WHB, as part of the ownership structure alongside Körösaszfalt Mélyépítő Zrt., entered a management agreement in early 2016 to jointly control Magyar Építő Zrt. together with Építő és Épületkarbantartó Zrt. The resulting group became one of Hungary's largest construction organizations. WHB is described as Hungary's most dynamically developing, 100% Hungarian-owned, market-leading construction company. WHB Group and Magyar Építő Zrt. form a unified construction enterprise.
• WHB Elektro Kft.minorImplementation/ SI/ Consulting PartnerWHB Elektro Kft. is a subcontractor of Magyar Építő Zrt., providing electrical installation services. They collaborated on the József főhercegi palota reconstruction project, where WHB Elektro handled electrical work including the decorative lighting installation for the 6-meter flagpole and its gilded finial.
• KÉSZ Metaltech Kft. / KÉSZ Ipari Gyártó Kft.minorImplementation/ SI/ Consulting PartnerAs part of the Nemzeti Atlétikai Központ project, KÉSZ Metaltech and KÉSZ Ipari Gyártó (part of KÉSZ Csoport) were responsible for the structural design, fabrication, and installation of the central structure and steel cable roof system.
• NAPUR Architect Kft.minorImplementation/ SI/ Consulting PartnerNAPUR Architect Kft., led by Kossuth Prize-winning architect Ferencz Marcel, served as the lead designer for the Nemzeti Atlétikai Központ project. Magyar Építő Zrt. and ZÁÉV Zrt. were the general contractors executing NAPUR's designs.
• Főber Zrt. / Óbuda-Újlak Zrt. konzorciumminorImplementation/ SI/ Consulting PartnerThe Főber Zrt. and Óbuda-Újlak Zrt. consortium served as the project coordinator and technical supervisor for the Nemzeti Atlétikai Központ project on behalf of the client (É építési és Közlekedési Minisztérium).
• 21-es Villanyszerelő Kft.minorOthersA subsidiary company within the Magyar Építő corporate group, providing electrical installation services.
• MONÉP 21 Kft. (MONOLIT Építő 21)minorOthersA subsidiary company within the Magyar Építő corporate group, specializing in other specialized construction activities (egyéb speciális szakképesítés m.n.s.).
• ZSKN Üzemeltető, Karbantartó és Építő Kft.minorOthersA subsidiary company within the Magyar Építő corporate group, providing operations, maintenance and construction services.
• Webberton Invest Kft.minorOthersA subsidiary company within the Magyar Építő corporate group, engaged in real estate sales (saját tulajdonú ingatlan adásvétele).

Scale indicators3 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Körösaszfalt Mélyépítő Zrt. Majority owner (~79%) of Magyar Építő and Hungarian civil engineering / heavy construction specialist. Sister entity within WHB Group with overlapping public-sector customer base and complementary deep civil / infrastructure capabilities.
• West Hungária Bau Kft. (WHB): Parent and joint controller of Magyar Építő; Hungary's largest 100% Hungarian-owned construction enterprise. Directly comparable as a major Hungarian general contractor with overlapping public-sector project portfolio and shared consortium bidding activity.
• Hochtief AG: German-based international construction group with a strong CEE and stadium/specialty construction track record. Comparable in capability to deliver complex public-sector landmark projects.
• Skanska AB: Swedish-origin international construction group active in commercial and public-sector building across the CEE region, including Hungary. Comparable in scope of public-institutional and commercial general contracting.
• Strabag AG: Austrian-headquartered international construction group with extensive Hungarian operations across building and civil engineering. Comparable as a competing general contractor for large EU-funded Hungarian infrastructure tenders.
• VINCI Construction: Global construction major with European building and civil engineering operations. Comparable as a diversified incumbent capable of delivering large stadium, transport, and public-infrastructure projects across Europe.

Direct peers

• Bayer Construct Zrt. Hungarian-owned general contractor executing commercial, hospitality, and residential developments in Budapest and Vienna. Comparable as a regional general contractor competing for similar institutional, hospitality, and developer-driven projects.
• Market Építő Zrt. One of Hungary's largest general contractors executing landmark public buildings, commercial, and infrastructure projects. Competes head-to-head with Magyar Építő for the same Hungarian public tender pool and has delivered similarly high-profile cultural and sports facilities.
• ZÁÉV Zrt. Established Hungarian general contractor that has consortium-bid with Magyar Építő on flagship projects including Nemzeti Atlétikai Központ and Puskás Aréna park. Directly comparable in scale, public-sector focus, and ability to execute large stadium/institutional builds.
• Épkar Zrt. Hungarian general contractor specializing in heritage building renovations and public infrastructure; recent consortium partner with Magyar Építő on the Hunyadi téri vásárcsarnok project. Comparable in offering and target customer base (municipalities, public institutions).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/magyar-epito-zrt

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 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 Magyar Építő Zrt.