Mer-Terre

What Mer-Terre does

Mer-Terre Maritime Development Contracting Co. Ltd. is a privately held Israeli specialty marine contractor founded circa 1980 and headquartered in Ashkelon. The company provides integrated marine construction and subsea engineering services across Israel's coastline, ports, and inland water bodies including the Dead Sea, serving both government agencies (Israel Ports Company, Ashkelon Municipality, Ministry of Defense, port authorities) and private industrial clients (Israel Electric Company, ICL, Dead Sea Works, Mekorot, EAPC, natural gas pipeline operators).

The company's core service portfolio spans sheet pile walls and cofferdams, design-and-build of quays, breakwaters and marinas (e.g., 500-berth marinas at Ashkelon and Ashdod), pumping stations (notably P88 and P9 at the Dead Sea), underwater pipeline installation and dry welding at depths of 28-32m, dredging and land reclamation using TSHD and cutter suction dredgers, marine heavy lifting and salvage, hydrographic and geophysical surveys, and vibro-compaction-based soil improvement. Underlying technical capabilities include a specialized ROV fleet rated to 6,000m depth, surface air supplied diving systems with decompression chambers, crane barges, and proprietary methods for constructing underwater shafts using concrete plugs without dewatering. The company holds ISO 9001:2008 accreditation and has executed projects valued at 121,496,984 NIS on a single contract basis.

The business model is project-based contracting: Mer-Terre bids on and executes custom marine construction projects as either main contractor or subcontractor for Israeli government and enterprise clients. Revenue is generated through one-time, quote-based engagements scoped per project. The company operates exclusively in Israel, with the primary sales motion being direct enterprise and government relationships supported by competitive public tendering. No public pricing, no app/SaaS distribution, and no external funding rounds are disclosed, consistent with a privately held specialty contractor reliant on its equipment fleet and multi-decade reputation for execution capability.

Name

Mer-Terre

Legal name

Mer-Terre Maritime Development Contracting Co. Ltd.

Website

https://merterre.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Mer-Terre is a privately held Israeli specialty marine contractor founded c. 1980 in Ashkelon, offering integrated quay/marina construction, underwater pipeline installation, dredging, ROV and diving services, and marine salvage to Israeli government agencies, port authorities, and industrial clients such as Israel Electric, ICL, and Dead Sea Works.

Ownership category

akta.pro rank

Product category

Marine Construction Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Marine Terminals & Cargo Handling Infrastructure (RoRo, Bulk, Container) (IMAFAJAF)

akta.pro secondary industries

Subsea & Nearshore Civil Works (Trenching, Rock Placement, Mattressing) (IMAFAJAI), Dredging & Channel Deepening (Capital & Maintenance) (IMAFAJAB)

Keywords

• Marine construction services
• Underwater pipeline installation
• Dredging land reclamation
• Marine heavy lifting salvage
• Hydrographic surveying services

Headquarters

HQ city

Ashkelon

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Marine Construction Services: Project-based marine construction services including quays, breakwaters, marinas, pumping stations, sheet pile walls, and maritime infrastructure. Services both government and private sector clients as main contractor or subcontractor.

Distribution channels1 record

Core offering

Mer-Terre is a marine contracting company providing integrated maritime construction and engineering services including sheet pile driving, design-and-build of quays, breakwaters and marinas, pumping station and shaft construction, underwater pipe and intake-head installation, professional diving and ROV operations, dredging and land reclamation, marine heavy lifting and salvage, hydrographic surveys, and earth works with soil improvement. The company manages projects from design through execution and completion, serving Israeli government agencies and private industrial clients as main contractor or subcontractor.

Product overview

Mer-Terre Maritime Development Contracting Co. Ltd. is a marine contracting company offering an integrated portfolio of maritime construction and engineering services. The company provides sheet pile driving, quay and marina construction, pumping station design and build, underwater pipe installation, diving and ROV operations, dredging and land reclamation, and marine heavy lifting and salvage services. Additional offerings include hydrographic surveys, earth works, and soil improvement using vibro-compaction techniques. The company manages the entire project supply chain from design through construction to completion, serving as both main contractor and subcontractor for government and private sector clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Sheet Pile Walls and Retaining Walls Sheet pile driving and circular pipe installation for seawalls and cofferdams in on-shore and off-shore applications across various soil conditions. Serves port, harbor, and coastal infrastructure clients.
• Design & Build of Quays, Breakwaters & Marinas
• Design & Build of Pumping Stations and Shafts
• Installation of Pipes, Intake-head & Diffuser Structures
• Diving Operations and ROV Services
• Dredging & Land Reclamation
• Marine Heavy Lifting & Salvage Operations
• Hydrographic, Bathymetric and Geophysical Surveys
• Earth Works, Land Development and Soil Improvement

Quantifiable outcome

• Compacted millions of cubic meters of soil using Vibro-Compaction and Vibro-Floatation methods
• +2 more outcomes

Named customers20 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

Feature4 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Great Lakes Dredge & Dock Corporation: US-listed marine contractor providing dredging, coastal protection and port infrastructure services. Directly comparable in business model (project-based marine construction for ports and energy clients) though operating in a different geography.
• Weeks Marine: US marine construction and dredging contractor with capabilities in port deepening, beach nourishment and heavy marine infrastructure. Direct functional peer in marine heavy civil construction.
• Orion Marine Group: US marine contractor delivering pier construction, bridge work, dredging and subsea services to government and private clients. Closely comparable project mix to Mer-Terre, especially in heavy marine civil works and underwater construction.
• Manson Construction Co. US marine construction company focused on dredging, pier/wharf construction and subaqueous work. Comparable in project types (quays, piers, dredging) and customer base (port authorities and government agencies).
• Shapir Engineering & Industries: Israel's largest domestic infrastructure and marine contractor, active in ports, dredging, quarrying and large civil works. Closest direct Israeli competitor to Mer-Terre across quay construction, marinas and maritime infrastructure.

Broad incumbents

• DEME Group: Belgian dredging, marine engineering and offshore contractor with strong capabilities in port infrastructure, subsea installation and offshore wind. Comparable to Mer-Terre in dredging and marine construction, but at global scale.
• Jan De Nul Group: Belgian family-owned marine, dredging and civil contractor with capabilities across port construction, land reclamation, offshore energy and subsea works. Direct functional peer across Mer-Terre's core service lines.
• Royal Boskalis Westminster: Dutch global marine contractor with end-to-end dredging, offshore energy and maritime infrastructure services. Operates at a much larger scale than Mer-Terre but competes for the same category of port, dredging and coastal construction projects.
• Van Oord: Dutch marine contractor specializing in dredging, land reclamation and offshore wind foundations. Directly comparable service portfolio (dredging, quays, subsea pipeline installation, heavy lifting) at global scale.
• Ashtrom Group: Major Israeli construction and infrastructure group active in civil works, real estate and select marine/infrastructure projects. Competes with Mer-Terre for some Israeli infrastructure tenders, particularly where construction and marine elements overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mer-terre

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Mer-Terre