SPIE Elektrovod, a. s.

What SPIE Elektrovod, a. s. does

SPIE Elektrovod, a. s. is a Bratislava-headquartered electrical infrastructure contractor specializing in the construction, modernization, and maintenance of high-voltage (22 kV to 400 kV) transmission and distribution assets. Its three core product lines are: (i) substations and electrical installations (6 kV to 400 kV, including transformers, switchgear, control systems, and power-plant connections); (ii) electrical line construction covering towers, foundations, conductors, fiber optics in phase conductors, and emergency bypass repairs; and (iii) design and engineering services spanning feasibility studies, permitting, and engineering supervision. The company operates a unique training polygon in Stupava (the only such facility in the Czech and Slovak Republics) and maintains a specialized equipment fleet including a 7-ton Manitou machine and an all-terrain electric forklift.

The company generates revenue primarily through project-based contracts won in public procurement tenders issued by national transmission system operators (ČEPS in the Czech Republic, SEPS in Slovakia), distribution system operators (Východoslovenská distribučná, Západoslovenská distribučná, ČEZ Distribuce), power generation companies (Slovenské elektrárne), and infrastructure developers (Vodohospodárska výstavba). The customer base has been extended into EV charging infrastructure via work for Ionity. In February 2026, the company acquired INVIZO s.r.o. (~€7M revenue, 80+ employees) to add building security and smart-building capabilities. SPIE Elektrovod has been part of the SPIE Group (€9.9B revenue, 55,000 employees) since 2017, was founded c. 1949, and currently employs approximately 300 people with reported revenue of €46 million in 2024.

The business model is enterprise field sales, relationship-driven and project-based, with multi-year delivery timelines. The company holds a stack of regulatory certifications (ISO 9001, 14001, 45001; EN 1090-2 EXC3; ISO 3834-2) that act as barriers to entry for public-procurement TSO/DSO contracts. Geographic footprint is primarily Slovakia and the Czech Republic, with project exports into Germany, Sweden, Slovenia, and Greenland. The company is also subject to a historical antitrust fine and public-procurement ban from the Slovak Antimonopoly Office connected to a 2016 SEPS contract predating the SPIE acquisition.

Name

SPIE Elektrovod, a. s.

Legal name

SPIE Elektrovod, a. s.

Website

https://spie-elektrovod.sk

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

SPIE Elektrovod, a. s. is a Bratislava-based electrical infrastructure contractor and SPIE Group subsidiary that designs, builds, and maintains high-voltage (22 kV–400 kV) transmission lines, substations, and transformer stations for TSOs, DSOs, and industrial clients across Slovakia, the Czech Republic, and select export markets.

Ownership category

akta.pro rank

Product category

Electrical Infrastructure Construction

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

Testing, Commissioning & Energization Services (HV) (EUAEABAI)

akta.pro secondary industries

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Conductor, Cable & Hardware Replacement (Stringing/Sagging/Splicing) (EUAEAIAE)

Keywords

• High-voltage infrastructure construction
• Electrical substations construction
• Transmission line construction
• Power grid engineering
• Electrical infrastructure maintenance

Headquarters

HQ city

Bratislava

HQ country

Slovakia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure project services: Revenue is generated through large infrastructure projects for transmission system operators and distribution companies — including construction, reconstruction, and modernization of electrical substations and high-voltage lines. Projects are typically won through public procurement tenders, with contract values ranging from millions to tens of millions of euros. The company has also expanded into EV charging station installation and maintenance.
2. Design and engineering services: Project design services for electrical lines and substations, including studies, technical calculations, permitting, and engineering supervision throughout the project lifecycle.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

SPIE Elektrovod, a. s. provides construction, reconstruction, modernization, and maintenance of high-voltage electrical infrastructure (22 kV to 400 kV), including substations, transformer stations, and transmission lines for transmission system operators and distribution companies. It also delivers full design and engineering services, electromechanical assembly, and EV charging station installation across Slovakia, the Czech Republic, and select export markets.

Product overview

SPIE Elektrovod, a. s. is an electrical infrastructure engineering company offering three core product lines: (1) Stavby rozvodní a elektromontáže (Substations and Electrical Installations) for construction, maintenance, and modernization of electrical substations 6-400 kV; (2) Výstavba elektrických vedení (Electrical Lines Construction) covering lines from 22 kV to 400 kV with bypass emergency repair capabilities; and (3) Projekcia (Design/Engineering) providing complete project documentation and engineering services. Additional offerings include Elektronabíjačky (EV Charging Stations) installation and a proprietary Training Polygon facility. The company operates primarily in Slovakia and Czech Republic with exports to Nordic countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Stavby rozvodní a elektromontáže (Substations and Electrical Installations) Construction, maintenance, repairs, modernization, and reconstruction of electrical substations and stations (6 kV to 400 kV) for transmission system operators, distribution companies, and industrial investors. Includes electrical installation, control and information systems, optical cable installation, industrial and photovoltaic installations.
• Výstavba elektrických vedení (Electrical Lines Construction) Construction of electrical transmission and distribution lines from 22 kV to 400 kV for transmission system operators and distribution companies. Includes reconstruction, repairs, maintenance, foundation construction, antenna towers, fiber optics installation in phase conductors, and emergency repairs using bypass systems.
• Projekcia (Design and Engineering) Complete project documentation services from studies and technical calculations to permitting and engineering activities. Focuses on electrical line construction and substation/transformer design using innovative technical solutions and professional software.
• Elektronabíjačky (EV Charging Station Installation and Service) Installation, construction, and service of EV charging stations for operators such as Ionity and other enterprises. Charging stations installed in locations including Lovošice, Pávov Jih/Sever, Nupaky (Prague-east), and Senec.

Quantifiable outcome

• Successfully reconstructed 8 transmission towers on the V497 line (400 kV) after catastrophic tornado damage, completed on schedule in January 2022 despite winter conditions and tight timelines.
• +3 more outcomes

Named customers8 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

Feature5 records

Partnerships

One partnership is on record.

• INVIZO s.r.o.coreStrategic or Co-development Partner · 11 February 2026INVIZO s.r.o., founded in 1997, was acquired by SPIE Elektrovod on February 11, 2026, becoming part of SPIE Central Europe. INVIZO specializes in building security systems and intelligent technical solutions in Slovakia, including design, implementation, integration, and maintenance of electronic fire protection systems, access control, CCTV, intrusion detection, and smart electrical installations. In 2024, INVIZO achieved revenue of approximately €7 million and employs more than 80 professionals. The acquisition expands SPIE Elektrovod's service portfolio into building security and smart building solutions.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• VINCI Energies: VINCI Energies is a large European multi-technical services group with infrastructure operations across CEE, including electrical infrastructure and HV line construction through its Omexom brand. As the parent of SPIE Elektrovod's closest direct peer, VINCI Energies is a broad incumbent comparable in service breadth and geographic reach.
• Siemens Energy: Siemens Energy provides transmission grid technologies, substation solutions, and grid services globally. As a broad incumbent in the power T&D space, it competes with SPIE Elektrovod on large turnkey projects and supplies the technologies that go into the substations SPIE Elektrovod builds.
• Eiffage Énergie Systèmes: Eiffage Énergie Systèmes is a major French-based multi-technical services group operating across Europe in electrical infrastructure, HV networks, and substations. It is a broad incumbent serving the same TSO/DSO customer base with comparable EPC capabilities and a similar mix of construction and maintenance services.
• Hitachi Energy: Hitachi Energy is the global incumbent in power grid systems, including HVDC, substations, transformers, and grid automation. While SPIE Elektrovod is a construction contractor and not a manufacturer, Hitachi Energy both supplies the equipment SPIE installs and offers competing EPC services, making it a broad incumbent competitor and ecosystem partner.

Others

• Prysmian Group: Prysmian Group is the world's largest cable manufacturer and a supplier of HV/EHV power cables that SPIE Elektrovod installs. It is an adjacent ecosystem participant rather than a direct competitor, but its growing turnkey cable installation services position it as a partial peer in HV infrastructure delivery.
• CEZ Group: CEZ Group is the largest integrated energy utility in the Czech Republic and a major customer of SPIE Elektrovod (through ČEZ Distribuce). While primarily a utility owner, CEZ also performs some in-house electrical infrastructure work, making it an adjacent player and key client relation rather than a direct construction competitor.

Direct peers

• SAG Group (Eaton / SPIE): SAG Group operates in the German-speaking DACH region providing overhead line construction, cable installation, and substation services. SPIE Elektrovod's German export operations (electromounters/riggers) and overlapping technical profile make SAG a directly comparable peer in the regional HV EPC market.
• Eltel Networks: Eltel is a Nordic-based specialist in high-voltage power line construction, substations, and distribution network services across the Nordics, Baltics, and Poland. Directly comparable to SPIE Elektrovod in terms of HV T&D EPC scope, customer base (TSOs/DSOs), and project-based revenue model.
• Omexom (VINCI Energies): Omexom is VINCI Energies' brand dedicated to energy infrastructure, including high-voltage substations and transmission lines up to 400+ kV across Europe. It is the closest direct competitor to SPIE Elektrovod in the European HV T&D EPC space, with similar project-based delivery models serving TSOs and DSOs.

Emerging players

• Ingeteam: Ingeteam is a Spanish specialist in power electronics, electrical engineering, and grid services with growing presence in HV substations and renewables interconnection. It overlaps with SPIE Elektrovod in substation construction and the EV charging space, though focused on a different geographic base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Instagraminstagram.com/spie_elektrovod
• LinkedInlinkedin.com/company/spie-elektrovod-a.-s.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 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 SPIE Elektrovod, a. s.